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Though the fallout from the China-U.S. standoff is hitting other regions as well, in Europe Brexit will also occupy minds as British Prime Minister Theresa May struggles to win backing for Britain’s EU withdrawal treaty. Securing the backing of the 27 other European Union governments in Brussels on Sunday is only a first hurdle, as a bigger obstacle looms in early December when May will seek the UK parliament’s backing. “This conclusion – that the base case is that the (House of) Commons will vote against the deal - is rapidly becoming something approaching a consensus in London,” TS Lombard analyst Constantine Fraser wrote in a research note.

As geopolitical factors such as trade frictions and Brexit cloud the economic outlook, central bankers’ speeches next week will domed & caged stainless steel cufflinks | uk be scrutinized for any hint of a rethink about their monetary policy paths, Fed Chairman Jerome Powell is due to speak on Wednesday in New York and the president of the European Central Bank, Mario Draghi, takes his turn on Thursday in Frankfurt, With little in the way of market-moving data during the week, news headlines are more likely to drive the risk appetite of investors, already on the defensive after recent bouts of market volatility..

WASHINGTON (Reuters) - When iPhone users want to edit blemishes out of their selfies, identify stars and constellations or simply join the latest video game craze, they turn to Apple Inc’s App Store, where any software application they buy also includes a 30 percent cut for Apple. That commission is a key issue in a closely watched antitrust case that will reach the U.S. Supreme Court on Monday. The nine justices will hear arguments in Apple’s bid to escape damages in a lawsuit accusing it of breaking federal antitrust laws by monopolizing the market for iPhone apps and causing consumers to pay more than they should.

The justices will ultimately decide a broader question: Can consumers even sue for damages in an antitrust case like this one?, Apple, which is appealing a lower court decision that revived the proposed consumer class-action lawsuit, says no, citing a decades-old Supreme Court precedent, The Cupertino, California-based technology company said that siding with the iPhone users who filed the lawsuit would domed & caged stainless steel cufflinks | uk threaten the burgeoning field of e-commerce, which generates hundreds of billions of dollars annually in U.S, retail sales..

The plaintiffs, as well as antitrust watchdog groups, said that if the justices close courthouse doors to those who buy consumer products, monopolistic conduct could expand unchecked. “A lot of tech platforms will start making the argument that consumers don’t have standing to bring antitrust suits against us,” said Sandeep Vaheesan, legal director for the Open Markets Institute, a Washington-based antitrust advocacy group. “Uber could say, we’re just providing communication services to ride-sharing drivers,” Vaheesan said, referring to the popular ride-sharing company. “If there’s an antitrust issue, the drivers can bring a claim but passengers do not have standing.”.

The iPhone users accused Apple of violating federal antitrust law by monopolizing the sale of paid apps, leading to inflated prices compared to if apps were available from other sources, Though developers set the prices of their apps, Apple collects the payments from iPhone users, keeping a 30 percent commission on each purchase, One area of dispute in the domed & caged stainless steel cufflinks | uk case is whether app developers recoup the cost of that commission by passing it on to consumers, Developers earned more than $26 billion in 2017, a 30 percent increase over 2016, according to Apple..

The company sought to have the antitrust claims dismissed, saying the plaintiffs lacked the required legal standing to bring the lawsuit. Apple has seized upon a 1977 Supreme Court ruling that limited damages for anti-competitive conduct to those directly overcharged instead of indirect victims who paid an overcharge passed on by others. Part of the concern, the court said in that case, was to free judges from having to make complex calculations of damages. Apple said it is acting only as the agent for app developers who sell the apps to consumers through the App Store.

The company said allowing the lawsuit to proceed would be dangerous for domed & caged stainless steel cufflinks | uk the e-commerce industry, which increasingly relies on agent-based sales models, Apple cited companies like ticket site StubHub, Amazon’s Marketplace and eBay, Lawsuits against companies like these would multiply “and lead to the quagmire this court sought to avoid,” Apple told the justices in a legal brief, E-commerce reached $452 billion in U.S, retail sales in 2017, according to U.S, government estimates..

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