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Tuesday, November 21, 2023

Sony facing $7.9 billion mass lawsuit over PlayStation Store prices

Sony has been ordered to face a £6.3 billion ($7.9 billion) lawsuit in the UK over claims that the company abused its dominant position, resulting in unfair prices for customers. The case, brought on behalf of nearly nine million people who purchased digital games or add-on content through Sony's PlayStation Store, alleges that the company's requirement for exclusive sales through its platform led to higher prices. Sony's lawyers argued that the case should be dismissed, but the Competition Appeal Tribunal ruled that it could proceed.

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Economic growth likely to pick up on festive, rural demand: RBI

India's economic growth is expected to improve in the latter half of FY25, driven by festive activity, rural demand, and agricultural gr...