A WTO ruling on aircraft subsidies raises the risk of a tariff war

THE manufacture of airliners may be the world’s most globalised industry. Only two firms make big civil jets: Boeing of America and Airbus of Europe. Most of their revenues—55% for Boeing and 70% for Airbus—are earned outside their home territory. Both source parts from dozens of countries. But a ruling by the World Trade Organisation […]

Irish bookmaker Paddy Power confirms takeover talks with fantasy sports company FanDuel after landmark US ruling

Michael Loccisano/Getty Images for FanDuel Paddy Power Betfair confirms takeover talks with US fantasy sports startup FanDuel. Talks are ongoing and a deal is not guaranteed. The talks come after a landmark ruling from the US Supreme Court on Monday that opens the door for legalised sports betting in the US. LONDON — Irish bookmaker […]

CA court ruling could upend gig economy giants like Uber, Lyft

A recent California Supreme Court decision (PDF) could give Uber and Lyft drivers (as well as other gig workers) fighting to be classified as employees a huge boost. In a case against package and document delivery company Dynamex Operations West, the court has ruled in favor of the plaintiffs — drivers seeking employment status who […]

Hungary PM Orban declares victory as ruling party projected to take 67% of parliament seats

Viktor Orban has claimed a decisive victory and is set for a third term as Hungarian prime minister, after preliminary results show his Fidesz party taking an overwhelming majority of at least 134 seats in the 199-seat parliament. “We have won… Hungary has won a great victory,” Orban told a crowd of cheering supporters at […]

Seoul defies WTO ruling, vows to keep ban on Japan’s Fukushima seafood

South Korea vows to maintain its restrictions on Japanese seafood imports and appeal the WTO’s ruling against additional radiation tests and bans on fishery products introduced in the wake of the 2011 Fukushima nuclear disaster. In 2015, Tokyo filed a complaint with the World Trade Organization (WTO) challenging South Korea’s import bans that were introduced […]

Russia back to 1st in overall Sochi Olympics medal count after CAS ruling

Russia is back to the first place in the unofficial 2014 Winter Olympics medal tally after the Court of Arbitration for Sport (CAS) cleared 28 Russian athletes and dropped their life-bans over alleged doping violations. Read more On Thursday CAS reinstated results of 28 Russian athletes, making them eligible to compete in the 2018 Winter […]

Ruling raises songwriter royalties from Spotify, Apple Music by 44%

Jimmy Iovine announces new Apple Music app. (credit: Megan Geuss) The mechanical royalty rates from streaming—royalties paid out to songwriters and publishers, as distinct from those paid out to performers—will increase by nearly 44 percent over the next five years. This comes as a result of a ruling from the United States Copyright Royalty Board […]

Ukip leader refuses to quit and warns its ruling executive not to ‘pull party apart’

Getty/Matt Cardy Ukip leader Henry Bolton has insisted he will not stand down. Said that if he is is forced out, it would “pull the party apart.” Ukip leader Henry Bolton has said he will not stand down even if the party’s ruling executive passes a vote of no confidence in him on Sunday. The […]

US military to accept transgender recruits after Justice Department decides not to appeal court ruling

AP Photo/Eugene Hoshiko The Justice Department decided not to appeal the rulings that blocked President Donald Trump’s transgender ban. Transgender people will be allowed for the first time to enlist in the U.S. military starting on Monday as ordered by federal courts. WASHINGTON (Reuters) – Transgender people will be allowed for the first time to […]