Advertisement
Singapore markets closed

  • Straits Times Index

    3,287.75
    -5.38 (-0.16%)
     

  • S&P 500

    5,071.63
    +1.08 (+0.02%)
     

  • Dow

    38,460.92
    -42.77 (-0.11%)
     

  • Nasdaq

    15,712.75
    +16.11 (+0.10%)
     

  • Bitcoin USD

    63,798.41
    -2,497.44 (-3.77%)
     

  • CMC Crypto 200

    1,361.62
    -20.95 (-1.52%)
     

  • FTSE 100

    8,092.68
    +52.30 (+0.65%)
     

  • Gold

    2,337.20
    -1.20 (-0.05%)
     

  • Crude Oil

    82.81
    0.00 (0.00%)
     

  • 10-Yr Bond

    4.6520
    +0.0540 (+1.17%)
     

  • Nikkei

    37,628.48
    -831.60 (-2.16%)
     

  • Hang Seng

    17,284.54
    +83.27 (+0.48%)
     

  • FTSE Bursa Malaysia

    1,569.25
    -2.23 (-0.14%)
     

  • Jakarta Composite Index

    7,155.29
    -19.24 (-0.27%)
     

  • PSE Index

    6,574.88
    +2.13 (+0.03%)
     

Turkish court halts activities of Booking.com over breach of competition law - association

Reuters

ANKARA (Reuters) - A Turkish court halted the activities of online travel agent Booking.com in a court case alleging the website had violated Turkish competition law, the Association of Turkish Travel Agencies (TURSAB) said on Wednesday.

The ruling by a court in Istanbul comes as a result of a 2015 case opened by TURSAB against Booking.com for allegedly carrying out "unjust competition against travel agencies". The association had previously made Booking.com pay Turkey's competition authority more than 2.5 million lira ($686,605) in fines.

The court ruled for the online travel agent's activities to be protectively halted for an undisclosed period of time.

($1 = 3.6411 liras)

(Reporting by Gulsen Solaker; Writing by Tuvan Gumrukcu; Editing by David Dolan)