EUR/USD
1.15932
0.207%
Gold
4169.81
0.946%
Oil
58.022
0.012%
USD/JPY
156.402
0.213%
GBP/USD
1.32270
0.476%
GBP/JPY
206.877
0.696%
Real-time News
Baker Hughes Oilfield Services: The number of oil wells and gas rigs at U.S. drilling companies has declined for the first time in four weeks.The total number of oil rigs in the United States for the week ending November 28 was 407, compared with 419 in the previous week.The total number of natural gas drilling rigs in the United States for the week ending November 28 was 130, compared with 127 in the previous week.The total number of drilling rigs in the United States for the week ending November 28 was 544, compared with 554 in the previous week.On November 27th, according to an unpublished court document from the Delhi High Court, Apple is challenging Indias newly revised antitrust penalty law. Under this law, the American company could face fines of up to $38 billion. This is the first judicial challenge to Indias antitrust penalty law, which came into effect last year. The law authorizes the Competition Commission of India (CCI) to calculate fines based on a companys global turnover when it determines that the company has abused its market dominance. Since 2022, Match Group, which owns Tinder, has been engaged in a protracted legal battle with several Indian startups over Apples App Store policies with the CCI. In this 545-page, non-public legal document, Apple is asking the judge to invalidate the 2024 amendments that allow penalties based on global turnover. The company argues that its "maximum penalty risk" is approximately $38 billion, calculated as 10% of the average global services business turnover over the three years prior to fiscal year 2024. Apple emphasizes that "penalties based on global turnover...are clearly arbitrary, unconstitutional, and seriously disproportionate and unfair."
