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Ticketmaster sued over Taylor Swift ticketing debacle

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Ticketmaster taken to court over Taylor Swift ticketing debacle

Ticketmaster is in hot water. More than two dozen fans across 13 states are suing the company for the Taylor Swift ticketing debacle.

The lawsuit has been submitted in the Los Angeles County District Court in California. Los Angeles is the home of Ticketmaster’s parent company, Live Nation.

Tickets to see Taylor Swift perform during the U.S. leg of her ‘Eras’ tour sold so quickly, most fans didn’t even get a chance to buy them.

At the time, the agency cited “extraordinarily high demands on ticketing systems and insufficient remaining ticket inventory”.

This demand actually saw Ticketmaster’s website crash completely, leaving millions of Swifties furious.

Now, prices on the black market have skyrocketed.

https://twitter.com/taylorswift13/status/1588516506349891584?s=20&t=Sut4LeI6F85XMh_D4QDmpg

The lawsuit alleges Ticketmaster violated the California Cartwright Act and the California Unfair Competition Law during its presale to so-called “verified” fans.

The 26 individuals say Live Nation is guilty of fraud, price fixing, and antitrust violations as well as “intentional misrepresentation”.

It reads, “millions of fans waited up to eight hours and were unable to purchase tickets”, while scalpers and bots had access to the presale.

Ticketmaster is yet to respond to the lawsuit.

At the time of the ticket sales, Swift herself delivered a scathing review of the company.

The pop star said, “I’m not going to make excuses for anyone because we asked them, multiple times, if they could handle this kind of demand and we were assured they could”.

William is an Executive News Producer at TICKER NEWS, responsible for the production and direction of news bulletins. William is also the presenter of the hourly Weather + Climate segment. With qualifications in Journalism and Law (LLB), William previously worked at the Australian Broadcasting Corporation (ABC) before moving to TICKER NEWS. He was also an intern at the Seven Network's 'Sunrise'. A creative-minded individual, William has a passion for broadcast journalism and reporting on global politics and international affairs.

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France receives lowest credit rating due to crisis

France’s credit rating downgraded to record low amid political and fiscal crisis, raising concerns over debt and stability

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France’s credit rating downgraded to record low amid political and fiscal crisis, raising concerns over debt and stability

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In Short:
– Fitch Ratings downgraded France’s credit rating to A+, citing political instability and fiscal challenges.
– New Prime Minister Lecornu must secure budget approval amidst rising deficit and potential no-confidence vote.
Fitch Ratings has downgraded France’s credit rating from AA- to A+, the lowest ever recorded, amid ongoing political and fiscal challenges.
The decision comes shortly after Prime Minister François Bayrou was removed in a vote of no confidence regarding his €44 billion austerity plan.
President Emmanuel Macron has appointed Sébastien Lecornu as the new prime minister, marking the fifth leadership change in under two years.Banner

Fitch highlighted political instability as a key factor undermining fiscal reforms, with France’s debt now at €3.3 trillion, or 113.9% of GDP.

The budget deficit increased to 5.8% of GDP and is expected to rise, posing challenges ahead.

Political Instability

The new prime minister faces a divided parliament and must secure budget approval by October 7.

The far-left plans a no-confidence vote against Lecornu, complicating further cooperation on legislative reforms, with S&P Global hinting at a potential downgrade.


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Trump moves to fast-track removal of Fed governor Lisa Cook

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The White House is set to fast-track a ruling on firing Federal Reserve Governor Lisa Cook, just days before the crucial FOMC meeting.

The move comes as markets reel from surging inflation, weak jobless data, and global currency shifts, raising questions about the Fed’s independence and the stability of policy decisions.

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ANZ job cuts spark banking clash

ANZ plans to cut 3,500 jobs, sparking debate on the future of Australia’s banking sector and employment dynamics.

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ANZ plans to cut 3,500 jobs, sparking debate on the future of Australia’s banking sector and employment dynamics.


ANZ has announced plans to cut 3,500 staff and 1,000 contractors over the next year, triggering a fierce debate between business leaders, unions, and government about the future of Australia’s banking sector.

The decision raises wider questions about the resilience of the business community and the role of politics, productivity, and technology in shaping employment.

#ANZ #Banking #Jobs #Unions #Australia #Economy #TickerNews


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