-
ILO financial crisis takes centre stage in leadership race
-
Weinstein resentenced to 15 years in prison for 2006 sex assault
-
Stocks dip, oil soars despite Trump hailing "productive" Iran talks
-
Fendi brings disco bling, Italian style, to Milan Fashion Week
-
China's Xi to get rare airport welcome from Trump
-
French court confirms rape trial for PSG and Morocco star Hakimi
-
Turkey reassures investors over investment fund crisis
-
President tells Trump that Iran will never 'bend at the knee'
-
Saka says England still have 'scar' from World Cup semi-final loss
-
أليكس بودي والبروفيسور الدكتور شتيفان هاوبت يتفقان على التعاون من أجل مجموعة فنية أسطورية في رومانيا
-
アレックス・ボディ氏とシュテファン・ハウプト教授、ルーマニアの伝説的な美術コレクションをめぐり提携に合意
-
U2 at 50: Irish rockers reveal anniversary album
-
亞歷克斯·博迪與史蒂芬·豪普特教授就羅馬尼亞傳奇藝術收藏達成合作協議
-
Алекс Боді та проф. д-р Стефан Гаупт домовилися про співпрацю щодо легендарної колекції мистецтва в Румунії
-
Алекс Боди и проф. д-р Стефан Хаупт договорились о сотрудничестве в рамках легендарной коллекции произведений искусства в Румынии
-
Alex Bodi și prof. dr. Stefan Haupt încheie un acord de cooperare pentru o colecție de artă legendară în România
-
French foreign minister says Palestinians 'must' hold polls
-
Alex Bodi and Prof. Dr Stefan Haupt agree to collaborate on a legendary art collection in Romania
-
Fresh Russian strikes on Ukraine's infrastructure kill seven
-
Stocks dip, oil rises as traders eye chances of Iran deal
-
Eriksen to return to Denmark after parting ways with Wolfsburg
-
Israel squeezing UN Palestinian refugee agency ahead of polls: chief
-
Brad Pitt says working with dog co-star was 'really moving'
-
Dutch to resume Eurovision with new broadcaster
-
Golan will remain Syrian, vows President al-Sharaa at UN
-
Man Utd losses jump despite record revenues
-
Blueberry Strengthens MENA Presence with CMA Category 5 License and Dubai Office Launch
-
Ethiopia's Tigray rebels seize airports, clash with govt forces
-
Russia probes bear attacks, as official says town under 'siege'
-
China prodigy wins third Games gold as North Korea weightlifters roar
-
Robertson tells Spurs to 'forget' past woes
-
China's Yu, 13, wins third Asian Games gold but has 'some regrets'
-
Italy police find 3 million euros stashed in mobster's house
-
Oil falls, stocks steady as Trump hails 'good' Iran talks
-
Renard versus Queiroz in AFCON qualifying blockbuster
-
UK sets up unit to combat disinformation from Russia, AI
-
Former Mexico boss Aguirre returns to Spain with Valencia
-
ICC convicts C.Africa rebel leader
-
China swimmer, 13, seals Games hat-trick as North Korea win first gold
-
China's Yu, 13, wins third gold with latest Asian Games record
-
China's Xi heads to US for talks with Trump: state media
-
UK says will revisit Chagos deal after latest Trump criticism
-
Azerbaijan pardons Frenchman after EU lifts sanctions on oligarchs
-
In first, French presidential candidate gives birth during campaign
-
Hadjar extends Red Bull contract for 2027 F1 season
-
Cambodia no 'safe haven' for cyberscams, PM says
-
Black Sea drone attacks spell terror for Turkish sailors
-
North Korea weightlifter sets three world records for Asian Games gold
-
Canada judge to decide prison term for suicide poison seller
-
A Full Moon for Every Child: STARTRADER's STARCARES Brings Support to SOS Children's Village Ho Chi Minh City
UK to probe Ticketmaster over Oasis ticket prices
The UK's competition watchdog said Thursday it has launched an investigation into Ticketmaster over how it handled ticket sales for next year's sold-out Oasis reunion tour.
The scramble on Saturday for prized tickets for 17 announced concerts in July and August, 2025, saw sudden big price hikes -- known as dynamic pricing -- which infuriated fans.
The band has since scheduled two more dates, in September next year.
"We are working at pace to establish the precise factual background to the sale of Oasis tickets on 31 August, and we are keeping open all potential options for action," the Competition and Markets Authority (CMA) told the government in a letter.
"This includes potential enforcement action where we see evidence of possible breaches of consumer protection law," it added.
Dynamic pricing, where a business adjusts its prices according to changing market conditions, is not in itself unlawful, the CMA noted.
But "where businesses use dynamic pricing or other complex pricing systems, they must not mislead customers about their prices, and must be transparent about how prices are set", it said.
The practice is used across a range of sectors and has been facilitated by the development of AI and other digital tools.
"In certain contexts, it can affect consumers' trust in markets, and their ability to get good deals," the watchdog added.
"Reflecting this, we are exploring any broader competition and consumer issues raised by dynamic pricing, and we look forward to engaging with your officials as our thinking in this area develops."
- Oasis deny responsibility -
Oasis are now set to play six concerts at London's Wembley Stadium next year, as well as 13 other dates in Cardiff, Edinburgh, Manchester and the Irish capital Dublin.
The band released a statement on Wednesday evening denying they were behind the dynamic pricing.
"It needs to be made clear that Oasis leave decisions on ticketing and pricing entirely to their promoters and management, and at no time had any awareness that dynamic pricing was going to be used," said the statement.
It said that "meetings between promoters, Ticketmaster and the band's management" had resulted in an agreement to use dynamic pricing "to help keep general ticket prices down as well as reduce touting".
However, "the execution of the plan failed to meet expectations".
The price surges prompted the UK government to pledge a probe into what Culture Secretary Lisa Nandy branded the "depressing" practice.
She vowed it would be reviewed as part of the government's upcoming consultation on consumer protections in ticket sales and resales.
The row followed the announcement early last week that brothers Noel and Liam Gallagher had ended their 15-year feud and were reuniting the 1990s-founded band for a worldwide tour.
Oasis, whose hits include "Wonderwall", "Don't Look Back In Anger" and "Champagne Supernova", last played together in 2009.
H.Weber--VB