Australia’s regulatory feud with Facebook turns ugly; The future of mass claims in the UK

MLex Market Insight

Facebook users in Australia will no longer have access to news in their news feed. In a dramatic turn of events this week, the US-based tech giant decided that Australia’s new mandatory code of conduct forcing platforms to pay for news content meant including media content was no longer viable. If the move was attempt to force the government to back down, it failed, with Canberra as determined as ever to push ahead with its landmark legislation. Meanwhile, in the UK, consumer champions competing to sue some of the world’s biggest investment banks over currency-market rigging are now waiting for a court decision that could shed some light on the future of mass claims.