Qantas, Australia’s flagship airline, has reached a significant settlement with the Australian Consumer and Competition Commission (ACCC) following revelations that it continued to advertise and sell tickets for flights that had already been cancelled for a much longer period than initially thought, dubbed “ghost flights.” The settlement, totaling $120 million…

Compass Lexecon, a leading economic consulting firm, has announced the inauguration of its Lisbon office as part of its ongoing expansion strategy in the Europe, Middle East, and Africa (EMEA) region. The newly established office will be spearheaded by Senior Vice President Helder Vasconcelos, a distinguished Portuguese economist with over…

The European Commission has announced a six-month extension of the extraordinary framework enabling member states to provide support to farms and fishermen. This extension, set to expire in June, has been prolonged until December 2024, citing the “persisting” disruptions in the market. Under the amended Temporary Crisis and Transition Framework…

Sony Group, in collaboration with U.S. investment fund Apollo Global Management, has tabled a $26 billion acquisition offer for Paramount Global, according to reports from the Financial Times. The proposed acquisition, though non-binding at this stage, marks a significant move for Sony Pictures Entertainment (SPE) and Apollo, as they aim to…

Goldman Sachs Group Inc. has reached a settlement in a long-standing class action lawsuit, putting an end to allegations of market manipulation in the platinum and palladium markets that have lingered for over a decade. The investment bank, along with several other defendants, has been embroiled in legal battles since…

In a twist for Italy’s banking giant Intesa Sanpaolo, its plans for digital expansion through Isybank have hit a roadblock following an antitrust ruling. The decision, delivered by Italy’s competition authority, demands explicit consent from the approximately 4 million clients intended to be migrated to Isybank based on their digital…

Google and the U.S. Justice Department have completed their closing arguments regarding allegations that the Alphabet unit has unlawfully dominated web search and related advertising. U.S. District Judge Amit Mehta, presiding over the case in Washington, extensively questioned both parties, particularly focusing on whether competitive platforms like ByteDance’s TikTok and…

Sources close to the ongoing House v. NCAA lawsuit and related antitrust cases have disclosed to ABC News that the NCAA’s national office might be responsible for a settlement expected to surpass $2.7 billion. This move aims to reshape and stabilize the college sports industry, marking a notable departure from the…