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Tag: decision

Here's what the Amex court decision actually means for consumers

Here's what the Amex court decision actually means for consumers

Finance
American Express had its day in court — and won. The jury is still out for consumers, however. The Supreme Court ruled Monday that the card company’s “anti-steering” rules do not violate federal antitrust law. The rules prevent merchants from offering you discounts or incentives to use cards with lower "swipe" fees, like Visa or Mastercard. Amex has historically charged higher swipe or interchange fees to merchants than these competitors because it delivers wealthier cardholders who spend more money, the Supreme Court said. The fees that merchants pay to process Amex transactions fund the card company'...
Arab ministers demand reversal of Trump Jerusalem decision

Arab ministers demand reversal of Trump Jerusalem decision

World
Arab foreign ministers on Sunday demanded that the United States rescind President Donald Trump's decision to recognize Jerusalem as Israel's capital, calling it a "grave" development that puts Washington on the same side as "occupation" and the violation of international law. In a resolution long on rhetoric but short on concrete actions, the ministers also called for the U.N. Security Council to adopt a resolution condemning Trump's decision, but acknowledged that Washington would most likely veto it. If the U.S. vetoes the resolution, the Arabs would seek a similar resolution in the U.N. General Assembly, Palestinian Foreign Minister Riyad Al-Maliki told a pre-dawn news conference in Cairo. A two-page resolution adopted by the emergency meeting, which began Saturday night, did not incl...
Palestinians protest Trump's Jerusalem decision

Palestinians protest Trump's Jerusalem decision

World
Dec. 6 (UPI) -- Portests erupted along the Gaza Strip on Wednesday in response to U.S. President Donald Trump's decision to recognize Jerusalem as Israel's capital.Protesters took to the streets of Gaza City burning flags and photos of Trump while shouting chants including "down with America...America is the mother of terror," The Independent reported.Demonstrations stretched from Gaza City to Jordan's capital Amman and the West Bank town of Bethlehem where Palestinians switched off Christmas lights in the Biblical birthplace of Jesus Christ.Trump recognized Jerusalem as the capital of Israel and announced the United States would move its embassy from Tel Aviv to Jerusalem during a televised address on Wednesday in what he called a "pursuit of peace" between Israel and Palestine.While Isra...
Buying and renting: Your biggest financial decision – in 10 charts

Buying and renting: Your biggest financial decision – in 10 charts

Business
Buying a home is the most significant financial decision in most people's lives. For tenants, paying the rent is the biggest monthly outgoing.So it is little wonder that house prices are an obsession for some, and a source of frustration for others.The financial crisis had huge implications for those wanting to buy or sell property.Here is the story of what has happened to the UK housing market in the past 10 years. 1. House prices are rising... or are they?The price of the average UK home has risen in the past 10 years, as you would expect. Prices of goods and services in general, as measured by the Consumer Prices Index measure of inflation, have increased faster.So, in real terms, the average UK house price has fallen compared with a decade ago.2. Price rises or falls depend on where yo...