Retailers in the country oppose one key term in pending price-gouging laws , with major grocers flagging margin pressures after reporting weaker sales. Comparable sales fell three per cent while Woolworths said its sales slipped 1.7 per cent last quarter .
In the Korean port city, the ruling party proposed a bill requiring beach operators to post mandatory fees to prevent summer price surges .
Meanwhile, UK competition experts see parallels between supermarket price debates and possible Burnham government policies .
The proposals come as governments worldwide seek tools to curb sudden price surges.