A UK court has ruled that regulators are acting within their legal authority to limit fees on international card transactions, dealing a setback to major payments firms and fintech companies challenging the move. On Thursday, the High Court in London decided that the UK’s Payment Systems Regulator (PSR) would be...

Amazon Web Services has introduced a new cloud computing platform designed to operate entirely within Europe, aiming to ease growing concerns over data protection and foreign government access, according to Reuters. The service, called the AWS European Sovereign Cloud, was launched on Thursday and is intended to provide European customers with...

The CFPB funding saga continues. Russell Vought, the Consumer Financial Protection Bureau’s acting director, has asked the Federal Reserve for $145 million to fund the agency from January through March. The request is a stark course-reversal in a closely watched legal fight over how the CFPB is allowed to pay for...

India’s competition watchdog has warned Apple it will move ahead with an antitrust case against the U.S. technology company after prolonged delays and what regulators describe as a lack of cooperation, according to Reuters, citing a confidential order. The Competition Commission of India (CCI) has been investigating Apple over allegations...

A Delaware judge has refused Paramount Skydance’s request to accelerate a lawsuit challenging Warner Bros Discovery’s handling of a proposed takeover by Netflix, dealing a setback to Paramount’s effort to derail the rival bid. Vice Chancellor Morgan Zurn of the Delaware Chancery Court ruled on Thursday that Paramount failed to...

A three-judge panel of the Eighth Circuit Court of Appeals is scheduled to hear oral arguments Wednesday related to the March 2024 settlement in the long-running Sitzer-Burnett antitrust litigation. The appeal was filed shortly after a federal district court approved the settlement in November 2024. According to a statement in...

Netflix is moving toward an all-cash offer for Warner Bros Discovery’s studios and streaming businesses, according to Reuters, citing a source familiar with the matter. The shift to an all-cash structure is intended to speed up a transaction that is expected to take months to complete and has already drawn political scrutiny...

Federal technology funding pools could become a victim of the appropriations process as Congress races to pass a budget and avoid another government shutdown at the end of January. Appropriators in both the House and Senate released a package bipartisan, bicameral bills over the weekend that provide far fewer funds...