Mastercard loses appeal against EU veto September 11, 2014 - 13:21 AMT PanARMENIAN.Net - The debit and credit card company Mastercard has lost an appeal against an EU veto at Europe's highest court, the European Court of Justice, according to BBC News. The veto applies to Mastercard's cross-border card fees, after claims it used anti-competitive rates. Mastercard, the second-largest credit and debit card company after Visa, was investigated last year for the amount it charged people visiting Europe for card transactions. Judges at the court wrote in their ruling that: "The Court of Justice confirms the judgment of the General Court and thus validates the Commission's decision prohibiting the multilateral interchange fees applied by MasterCard." Related links:   Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion.   Partner news |  Latest news Macron says France commemorates 109th anniv. of Armenian genocide  Today France commemorates the 109th anniversary of the Armenian genocide of 1915, Macron says.CSTO recognizes Armenia’s sovereign right to withdraw Tasmagambetov has said that if Armenia decides to leave the organization, “it will be the sovereign right of Armenia.”Pashinyan: We must stop searching for homeland, we have found that homeland Prime Minister Nikol Pashinyan has shared a message on the 109th anniversary of the Armenian Genocide.Erdogan wants “realistic road map” for relations with Armenia Turkish President Recep Tayyip Erdogan has called for a “new realistic road map” for relations with Armenia. |
