Mastercard, Visa’s merchant fees breach competition law, UK tribunal rules
LONDON (Reuters) -Global payments processors Visa and Mastercard’s default multilateral interchange fees which are charged to retailers infringe competition law, a London tribunal ruled on Friday in the latest round of the long-running legal saga.London’s...
Summertime data to pave way for Fed rate cuts, or further conflict with Trump
By Howard Schneider and Ann SaphirWASHINGTON (Reuters) -An unexpected pickup in underlying inflation last month nudged price pressures further from the Federal Reserve’s 2% target, putting this summer’s data in the spotlight for whether the central bank...
Meta seeks $29 billion from private capital firms for AI data centers, FT reports
(Reuters) -Meta Platforms is seeking to raise $29 billion from private capital firms to build artificial intelligence data centers, the Financial Times reported on Friday.The Facebook-parent has advanced discussions with private credit investors including Apollo...
Exclusive-US exchanges, SEC in talks to ease public company regulations
By Anirban Sen and Chris PrenticeNEW YORK (Reuters) -U.S. exchange operators are in talks with the Securities and Exchanges Commission on easing regulatory burdens for public companies, as they seek to encourage more richly valued startups to list, according to four...
Vietnam PM expects US trade deal before July tariff deadline
HANOI (Reuters) -Vietnamese Prime Minister Pham Minh Chinh said on Wednesday he expected a trade deal with the United States before the expiration of a pause on 46% reciprocal tariffs on Vietnamese exports in early July.Speaking at the “Is Asia’s Century...Health insurers to work on easing prior authorization requirements, AHIP says
(Reuters) -America’s Health Insurance Plans said on Monday that U.S. health insurers will take additional measures to simplify their requirements for prior approval on medicines and medical services. Health insurers will work to develop standardized data and...
Trump, US Senate Republicans face test as ‘Big Beautiful Bill’ deadline looms
By David MorganWASHINGTON (Reuters) -U.S. President Donald Trump and his allies in the Senate face a political free-for-all over passage of his sweeping tax-cut and spending legislation, which Republican congressional leaders hope to enact in coming days despite...
Alibaba to merge food delivery, travel agency platforms into core E-commerce business
(Reuters) -Alibaba on Monday said it will merge its food delivery platform Ele.me and online travel agency Fliggy into its core e-commerce business as the Chinese group streamlines operations amid intensifying competition. A prolonged property crisis and the economic...