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Major petrol retailers including Walmart and BP face a lawsuit alleging they used AI algorithms to artificially inflate fuel prices in California, potentially costing drivers over US$134 million annually through coordinated price manipulation.
BP, Marathon Petroleum, 7-Eleven, Walmart and Albertsons face a class action lawsuit in California for allegedly using AI technology to artificially inflate petrol prices, potentially costing drivers billions annually.
Japan's Fair Trade Commission has raided six of the country's largest ice cream manufacturers on suspicion of price-fixing. Officials suspect the firms coordinated price increases over several years to boost margins.