News 

A top EU court rejected a request from the U.S. to intervene in Apple’s $15 billion tax case

“The then Obama administration had criticized the EU decision, saying the EU was helping itself to cash that should have ended up in the United States” reports businessinsider.com. Europe’s second-highest court has rejected a request from the U.S. government to intervene in Apple’s challenge against an EU order to pay back taxes of up to 13 billion euros ($15.3 billion) because it failed to prove a direct interest in the outcome of the case.The court said it was unconvinced by the U.S. arguments regarding the alleged negative effects of the…

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NLRB rolls back ‘joint employer’ standard for business liability

“The move rolls back a board decision made during former President Barack Obama’s administration that applied a much broader, and vaguer, standard” writes Sean Higgins for washingtonexaminer.com. The “indirect control” standard meant franchisers could be responsible for labor law violations by franchisee businesses, a vast expansion of corporate liability.It overturned its 2015 board decision in a case called Browning-Ferris Industries.The reversal is a major win for businesses, which had pushed Congress and the Trump administration hard to reverse the board’s ruling.They argued that the Obama-era standard was a threat to…

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Washington AG Bob Ferguson plans to sue over net neutrality repeal

“Washington state Attorney General Bob Ferguson plans to sue the federal government over its decision to repeal regulations known as net neutrality” writes Monica Nickelsburg for geekwire.com. It could overturn the FCC’s decision with a simple majority in both chambers of Congress.He announced his intention to challenge the decision in court moments after the Federal Communications Commission vote. Source: geekwire.com Share This:

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Fears of a more expensive, less accessible Internet as the FCC votes to end net neutrality

“Meanwhile, supporters of the net neutrality rules have signaled that they will sue the current FCC in hopes of stopping Pai’s decision” writes Brian Fung for sun-sentinel.com. Powell, who now leads a top cable industry trade group, said that the repeal of the FCC’s net neutrality rules is still consistent with the four freedoms he described nearly 14 years ago. Source: sun-sentinel.com Share This:

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GBP News 

FTSE 100 drops after May loses key Brexit vote; BOE decision ahead

“The central bank will deliver its monetary policy decision at noon London time, or 7 a.m” writes Markets Reporter for marketwatch.com. Investors were also looking ahead to the last Bank of England monetary policy meeting and decision of the year.But after raising rates for the first time in a decade in November, the BOE is widely expected to stand pat this time. Source: marketwatch.com Share This:

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Crypto News 

Alleged Bitcoin Launderer and BTC-E Admin Likely to Stand Trial in U.S.

“BTC-e, the bitcoin exchange Vinnik allegedly ran, was seized by authorities at the time of his arrest” writes unknown author for cryptocoinsnews.com. Alleged bitcoin launderer and BTC-e administrator Alexander Vinnik is likely to stand trial in the U.S. after a Greek court denied his appeal against the extradition order.Vinnik, 38, is wanted in the U.S. for allegedly laundering more than $4 billion in bitcoins, including funds stolen from the now-defunct bitcoin exchange Mt. Greece’s justice minister will make the final extradition decision, but the Supreme Court’s ruling does not bode…

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News Regulators 

Dollar adds to losses after CPI report; Investors await Fed decision

“Then, the November inflation report showed a slowing of core consumer price growth, which exclude volatile items such as gasoline, while headline inflation was in line with forecasts” writes Markets Reporter for marketwatch.com. Traders were also looking ahead to the Federal Reserve decision later in the day at 2 p.m.Down under, the Australian and New Zealand dollar are also stronger on the back of the falling greenback. Source: marketwatch.com Share This:

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