eBay Beats Q2 Expectations as Depop Acquisition Strengthens European Market Position
eBay reported Q2 sales and profit above expectations, noting that its purchase of Depop bolsters its competitive stance against European rival Vinted.
Lithuania
European Airlines Sit on €3.2 Billion in Unpaid Passenger Delay Compensation
European airlines have failed to pay billions in passenger compensation for flight delays as required under EU261/2004 regulation. Analysis by the Financial Times shows that since 2011, €18 billion in compensation has been due to passengers, but only a small portion has actually been paid, leaving €3.2 billion currently unpaid.