WASHINGTON, April 26 (Reuters) - Alphabet Inc's Google on Friday asked a federal court in Virginia to reject a U.S. government lawsuit accusing the advertising and search company of anticompetitive practices in the online advertising marketplace. (Reporting by Chris Sanders; Editing by Leslie Adler)
GMB: Kate Garraway talks about needing pension to pay for Derek's bills
STORY: Australian airline Qantas Airways said on Monday it had agreed to pay a penalty worth $79 million U.S. dollars to settle a lawsuit. The claim accused the airline giant of illegally selling thousands of tickets for flights that had already been cancelled. The fine is the largest ever faced by an Australian airline.As part of the settlement with Australia's consumer commission, the company will split $13 million between more than 86,000 customers who booked tickets on the so-called "ghost flights" and pay a $66 million fine instead of defending the lawsuit that it had previously vowed to fight.The penalty is subject to the approval of the Federal Court of Australia.CEO Vanessa Hudson said in a statement that, QUOTE, "we recognize Qantas let down customers and fell short of our own standards," CEO Vanessa Hudson said in a statement."Qantas was sued last August by the consumer commission, which alleged that in some cases the airlines flights were on sale for weeks after they’d been cancelled. The company had argued that it faced similar challenges to airlines around the world, but the commission said its actions broke consumer law. Qantas is also still waiting to learn how much it must pay nearly 1,700 ground handling staff it sacked in 2020 after a court found the job cuts were illegal since they were intended to stop industrial action.
(Bloomberg) -- Russia’s oil and gas industry has been crucial for bankrolling the invasion of Ukraine, giving the Kremlin the funds to keep fighting even as the conflict drags on through its third year. But the industry is facing a shortage of manpower as the full mobilization of Russia’s economy for war exacerbates a longstanding demographic crunch.Most Read from BloombergIsrael Says a Cease-Fire Plan Backed by Hamas Falls ShortHigh-Tech Trading Firms Race to Grab Bond Market TurfRussians Are C
Sector wants tax cuts, better buying incentives and more electric charging points as sales in EVs stall
People are living longer than ever before and this can impact how you plan for retirement.
When your take-home pay lands in your bank account each month, it can look underwhelming compared to the salary written into your contract.
The pilot scheme is a joint effort between the Department for Work and Pensions and the Department for Health Social Care
Oil company to maintain pace of share buybacks despite impact of falling gas prices
In this article, we will look at the 25 states with the highest and lowest resignation rates. We have also discussed the state of jobs in the US. If you want to skip our detailed analysis, head straight to the 10 States with the Highest and Lowest Resignation Rates. The state of US jobs in […]
Scott Stocker, head of the 787 program, wrote in an internal email that several workers failed to perform checks but recorded the work as completed.
Rolls-Royce’s share price has shot up in the past year, but I think it’s still around 50% undervalued and is set for stronger growth. The post Rolls Royce’s £4+ share price still looks a major bargain to me, so should I buy? appeared first on The Motley Fool UK.
A deadline is looming for millions of businesses who may be entitled to a payout in a $5.5 billion antitrust settlement with Visa and Mastercard. The settlement stems from a 2005 lawsuit that alleged merchants paid excessive fees to accept Visa and Mastercard credit cards, and that Visa and Mastercard and their member banks acted in violation of antitrust laws. Any businesses that accepted Visa and/or Mastercard credit or debit cards in the U.S. between January 1, 2004 and January 25, 2019 may be eligible to receive part of the settlement.
Paraguay is advancing talks with energy firms and high-ranking government officials from Argentina and Brazil over a potential $1.5 billion gas pipeline to connect the three countries, senior government officials for Paraguay and Brazil told Reuters. The plan being drawn up by Paraguay, reported in detail for the first time, aims to compete with a rival Bolivian bid to repurpose existing pipelines to transport Argentine gas to Brazil.
Fisker has begun to close down its Manhattan Beach office, the site of the company's headquarters, three sources told Business Insider.
Attorneys for Sung Kook “Bill” Hwang are expected to argue that prosecutors are pushing a novel and nonsensical market manipulation theory when the criminal trial of the former Archegos Capital Management boss kicks off in New York this month. Archegos, a $36 billion family office which invested Hwang's personal wealth, collapsed spectacularly in March 2021 after its highly leveraged bets on a small number of stocks via complex derivatives quickly soured. Prosecutors allege Hwang and his deputies lied to banks about the magnitude of Archegos' derivative positions to borrow billions of dollars that they then used to inflate the underlying stocks through open market purchases.
Some Chinese carmakers are looking to set up manufacturing and assembly plants in Europe as they aim to ramp up sales in the region of lower costs cars to rival their European competitors amid slowing demand at home, the world's largest car market. European imports of Chinese-made electric vehicles (EVs) have soared in recent years, raising concerns among domestic EV producers that could suffer significant losses by a wave of cheap Chinese electric vehicles, and politicians alike.
It’s a stock market rule of thumb that big acquisitions tend to destroy shareholder value. Spin-offs, on the other hand, have the reassuring habit of being more likely to create it.
Nalinikanth Gollagunta, CEO of Mahindra & Mahindra's Automotive Divison, says his company is planning to localize battery production in India over time. He spoke with Stephen Engle on "Bloomberg Markets Asia" from the sidelines of the "BNP Paribas Global Electric Vehicle and Mobility Conference."
Paying the caregivers of people with disabilities more would improve care while increasing economic growth, a research team found.
Commercial and civil engineering helped drive growth for the wider construction industry.
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