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Microsoft Faces $2.8 Billion Mass Lawsuit Over Cloud Software Pricing

Key Points: A London tribunal ruled that Microsoft must face a mass lawsuit alleging it overcharged thousands of British businesses. Competition lawyer Maria Luisa Stasi filed the massive claim on behalf of nearly 60,000 different business organizations. Lawyers estimate the total value of the massive legal claim could reach up to $2.8 billion. British regulators recently announced they will investigate Microsoft's software licensing practices in...

Italy Aims to Drop Budget Deficit Below EU 3% Limit This Year

Key Points: Italy plans to bring its national budget deficit below the European Union's strict 3% ceiling this year. The government will release its new multi-year budget framework with updated economic forecasts on Wednesday. Economic growth projections fell to 0.5% for this year due to surging energy costs and turmoil in the Middle East. ISTAT faces intense political pressure to revise last year's deficit numbers...

Trump Promises to Remember Companies That Skip Massive Tariff Refunds

Key Points: President Donald Trump publicly stated he will remember companies that choose not to seek refunds on recently canceled tariffs. The Supreme Court struck down Trump's massive reciprocal tariffs in February, declaring the move unlawful. The US government could owe importers more than $160 billion, making it the largest repayment in history. Major companies like Costco and FedEx filed separate lawsuits to protect their...