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Mandy Op.

Mandy Op.

UK: Mastercard again loses appeal against £14 billion class action lawsuit

UK: Mastercard again loses appeal against £14 billion class action lawsuit

Mastercard is facing a £14 billion class action lawsuit over exchange fees after a court rejected a failed appeal. If successful, 46 million claimants could receive £300 each. On September 6, 2016, Merricks filed suit as a class action, made possible by the Consumer Rights Act of 2015. It seeks

Microsoft will try to buy Netflix in 2023.

Microsoft will try to buy Netflix in 2023.

The deal could be justified by the fact that Microsoft wants to launch a video game streaming service on multiple devices. In addition, the companies are advertising partners.

Continuing to fall. Markets in the evening.

Continuing to fall. Markets in the evening.

U.S.. The S&P 500 index is down 0.4%. The main negative is centered around technology companies. Shares of Apple, Amazon, Microsoft and others in the sector continue to win back the Fed rate hike and the gloomy forecasts of market analysts. Investors are also selling off

EU may lower the proposed gas price cap

EU may lower the proposed gas price cap

The Czech Republic has proposed that other EU member states reduce the proposed gas price ceiling from €275 per MWh to €188. The market adjustment mechanism is triggered if the prices of contracts for a month and a year ahead on the TTF index exceed €188 per MWh within 3

The threat of delisting Chinese companies from U.S. stock exchanges has decreased dramatically.

The threat of delisting Chinese companies from U.S. stock exchanges has decreased dramatically.

U.S. auditors have gained access to Chinese data. In 2020, the U.S. passed a law that threatened firms whose working papers could not be audited with expulsion from the New York Stock Exchange and Nasdaq.

Highlights of the day

Highlights of the day

U.S. inflation fell to 7.1% in November from 7.7% a month earlier. Analysts had expected a decline to 7.3%. Falling energy and used car prices played a big role in the improvement in CPI. Indices are rising, hopes for a soft landing are coming to life.

Central banks of Germany and France promised to reduce inflation fivefold

Central banks of Germany and France promised to reduce inflation fivefold

Central banks of Germany and France promised to reduce inflation to 2% till the end of 2025 German and French regulators pledged to bring inflation down to 2% in two to three years. Annual inflation in the Eurozone rose to 10.6% in October and fell to 10% in November.

Brent oil below $78 for the first time since January 2021

Brent oil below $78 for the first time since January 2021

A huge negative for Russian oil exporters. There are several reasons for the drop in oil: Shrinking demand amid recession. The persistence of Russian oil in the market. The market believes this. Opening Venezuela to Chevron. The decline in oil demand in Europe. Ironically, Europe is actively increasing coal consumption

Russian developers were not ready for demand

Russian developers were not ready for demand

Customers of domestic cybersecurity products faced rising prices and delayed deliveries, according to a survey by Rostelecom-Solar. Among the most demanded products are high-performance firewalls.

China recorded a record incidence of COVID-19

China recorded a record incidence of COVID-19

In the past 24 hours, 31,656 cases of coronavirus infection have been detected, TASS reports. Chinese authorities have recorded a historical record for the increase in the number of cases of coronavirus in the country.