Mastercard fined £504m by Europe for competition breach

The European Commission has fined Mastercard €573m ($650m, £504m) for anti-competitive behaviour. It said Mastercard had prevented retailers using cheaper banking services outside their home country. Prior to 2015, Mastercard obliged banks receiving card payments to use a fee set in their home country, even if cheaper rates were available elsewhere in the European Union. […]

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Tesla reverses charging prices hike

Electric-car maker Tesla has reversed a decision to drastically increase prices for its charging stations, following a backlash from customers. Owners had complained the price rise – estimated to be around 30% – would mean electric cars risked becoming far less competitive than petrol ones. The planned price rises will now be reduced by an […]

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Drone sighting disrupts major US airport

Flights were grounded at Newark International Airport in the US state of New Jersey after two drones were spotted flying nearby. A pilot told air traffic control that one of the drones came within 30ft (9m) of his aircraft. He was flying at Teterboro Airport, a nearby private facility, but officials closed Newark International as […]

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