Anti-competitive practices
Practices that prevent or reduce competition in a market by a business or government
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We include updates on Siemens, British Airways, Virgin Atlantic, Roche, Cartel, ThyssenKrupp, Christie's, Northwest Airlines, Sotheby's, SK Hynix, Archer Daniels Midland, YKK, JJB Sports, Saint-Gobain, General Motors streetcar conspiracy, Price fixing ... and more.
| 2025 | Sotheby's auction of Buddhist jewels sparked controversy and criticism from the Indian government, raising diplomatic tensions over the sale of cultural artifacts. |
| April 2025 | Roche announced a $50 billion investment in the United States over the next five years, creating more than 12,000 new jobs. |
| 2024 | ThyssenKrupp continued to struggle financially, reporting a net loss of -€1.506 billion. |
| 2024 | Virgin Atlantic continued its growth trajectory, reaching 5.6 million passengers, 24,832 total flights, and maintaining a passenger load factor of 77.0%, with a fleet of 45 aircraft. |
| 2024 | Slight revenue decrease to €75.9 billion, but net income further increased to €9.0 billion, with employee count growing to 327,000 |
| 2024 | Roche projected revenue of 62.39 billion CHF and net income of 9.19 billion CHF, indicating continued financial monitoring. |
| 2024 | The Abu Dhabi sovereign wealth fund ADIA acquired a minority stake in Sotheby's with an investment of approximately $1 billion. |
| 2024 | A judge ordered Sotheby's to reveal the client who put a Nazi-looted Tiepolo painting up for auction, which was originally stolen from Jewish art dealer Otto Fröhlich. |
| 2024 | The damaged letters patent of British Airways' arms was put up for auction online before being withdrawn. |
| November 2024 | ThyssenKrupp announced plans to lay off approximately 5,000 jobs at its steel subsidiary by 2030 and outsource an additional 6,000 jobs. |
| November 2024 | Roche acquired Poseida Therapeutics for US $1.0 billion. |
| November 2024 | A pair of rare Ming Dynasty wucai fish jars from the 16th century sold for £9.6 million ($12.5 million) at auction, significantly exceeding their pre-sale estimate of £1 million ($1.3 million). These are the only known complete pair with original covers. |
| September 26 2024 | SK Hynix announced the world's first mass production of 12-layer high bandwidth memory (HBM) chips. |
| August 15 2024 | A major fire broke out at the ThyssenKrupp warehouse in Völklingen, destroying a building storing plastic products and solar panels. The fire was extensive, requiring 200 firefighters to battle the blaze for over 30 hours, with the building's roof ultimately collapsing. |
| July 17 2024 | Sotheby's sold the world's most complete Stegosaurus skeleton for US$44.5 million, establishing a new world record for the most expensive dinosaur skeleton or fossil sold at auction. |
| June 24 2024 | British Airways was voted 2024 Most Family Friendly Airline in the World by Skytrax, recognizing excellence in family travel experience including seating policies, check-in facilities, priority boarding, meals, and child amenities. |
| May 19 2024 | Approximately 200 former cabin crew filed a lawsuit against Virgin Atlantic for unfair dismissal during the COVID-19 pandemic redundancy process. |
| April 2024 | Announced an investment of $50 billion in the United States over the next five years, creating more than 12,000 new jobs. |
| April 6 2024 | A ground collision occurred at Heathrow between a British Airways plane and a Virgin Atlantic Boeing 787. Both aircraft suffered wing damage, though Heathrow reported no injuries or delays. |
| March 2024 | Siemens announced the creation of a new £100m digital engineering facility in Wiltshire, UK, aimed at replacing its existing rail infrastructure factory in Chippenham with a new research and development centre, expected to open by 2026. |
| March 2024 | Roche sold Genentech's site in Vacaville, California to Lonza for $1.2 billion. |
| 2023 | The company faced financial challenges again, reporting a net loss of -€2.072 billion. |
| 2023 | Siemens announced a partnership with Nvidia to leverage Nvidia's Omniverse platform with Siemens' 3D design capabilities. |
| 2023 | Reported a revenue of €77.7 billion, marking an 8% increase from the previous fiscal cycle. |
| 2023 | Siemens invested €6.1 billion in research and development, with approximately 46,900 employees dedicated to R&D and holding around 43,600 patents worldwide. |
| 2023 | CEO Roland Busch announced the strategic aim to raise software businesses sales share to 20% in the long term. |
| 2023 | Roche was ranked 76th in the Forbes Global 2000 list, maintaining its position as the fifth-largest pharmaceutical company in the world by revenue and the leading global provider of cancer treatments. |
| 2023 | The company's revenue slightly decreased to 60.44 billion CHF, with net income reducing to 12.36 billion CHF. |
| December 2023 | Siemens shares traded at over US$93 per share, with a market capitalization of US$147 billion. Identified by Ernst & Young as one of only two German companies in the top 100 most valuable companies worldwide. |
| November 2023 | Virgin Atlantic announced plans to resume flights to Dubai after a four-year absence. |
| November 28 2023 | Virgin Atlantic successfully operated a test flight between London Heathrow and New York City using 100 percent sustainable aviation fuel on a Boeing 787-9, with no fare-paying passengers. |
| October 1 2023 | ThyssenKrupp instituted Decarbon Technologies, a new green energy division focused on developing energy solutions. |
| September 6 2023 | Freddie Mercury's Yamaha baby grand piano, used to compose 'Bohemian Rhapsody', sold for $2.1 million, setting a record for a composer's piano. |
| June 2023 | Siemens launched 'Siemens Xcelerator', an open digital platform housing IoT-enabled hardware, software, and digital services from Siemens and third parties, targeting businesses including small and medium-sized enterprises. |
| June 2023 | Agreed to purchase 945 Madison Avenue to house the company's headquarters, with plans to open the new space in 2025. |
| April 17 2023 | British Airways launched a new safety video as part of the 'A British Original' campaign, featuring Emma Raducanu, Robert Peston, Little Simz, and Steven Bartlett. |
| March 2023 | A New York judge ruled that Sotheby's must face trial on fraud charges for four artworks, including Salvator Mundi. The parties later agreed to settle via mediation. |
| March 2 2023 | Virgin Atlantic officially became a part of SkyTeam airline alliance. |
| February 2023 | The International Airlines Group (IAG), owners of British Airways, announced a return to annual profitability, earning €1.3 billion after suffering a €2.8 billion loss in 2021, marking a significant financial recovery post-pandemic. |
| January 2023 | Christened a new Airbus A330-900 (G-VEII) as 'Queen of the Skies' in honor of the late Queen Elizabeth II. |
| 2022 | ThyssenKrupp returned to profitability, reporting a net income of €1.136 billion, marking a positive financial turnaround. |
| 2022 | The airline showed signs of recovery post-pandemic, increasing passenger numbers to 4.4 million, total flights to 21,835, and improving passenger load factor to 73.4%. |
| 2022 | Revenue growth to €71.9 billion, though net income decreased to €3.7 billion, with employee count increasing to 311,000 |
| 2022 | Roche continued its strong financial performance with revenue reaching 66.43 billion CHF and net income of 13.53 billion CHF. |
| 2022 | The company experienced a dramatic increase in travel demand, leading to a worker shortage that forced the cancellation of more than 1,500 flights. |
| 2022 | BA Euroflyer was created to compete with easyJet at Gatwick by providing a lower-cost option. |
| October 2022 | Virgin Atlantic took delivery of its first Airbus A330-900neo, a more efficient version of the A330 family. |
| October 2022 | Launched 'A British Original' advertising campaign with 500 unique executions and 32 short films, coinciding with Ozwald Boateng's new uniform collection |
| September 2022 | Virgin Atlantic announced new gender-neutral uniforms designed by Vivienne Westwood, allowing staff to choose between a bright red skirt suit with high heels or a burgundy trouser suit with a grey waistcoat. Staff can also wear a badge indicating their preferred pronoun. |
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This contents of the box above is based on material from the Wikipedia articles SK Hynix, Sotheby's, British Airways, Siemens, ThyssenKrupp, List of price fixing cases, Virgin Atlantic & Roche, which are released under the Creative Commons Attribution-ShareAlike 4.0 International License.