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The four airlines said they believed France was breaking EU law by not enabling flights over the country during strikes, meaning passengers flying between member states not affected by the action are being denied their freedom to travel. “The right to strike needs to be balanced against freedom of movement. Passengers on routes that overfly France, especially the large airspace that covers Marseille and the Mediterranean, are also subject to delays and massive disruptions,” IAG chief executive Willie Walsh said in a joint statement by the four.
British Airways-owner IAG, which also owns the Iberia, Aer Lingus and Vueling carriers, said last month that it was spending more on fuel to travel via alternative routes to bypass French airspace, describing the strikes as ships wheel cufflinks more of a threat to European airlines this year than a rise in fuel prices, En-route air traffic flow management delays in June increased by 150 percent compared with one year ago, mainly due to ATC capacity/staffing, weather and industrial action, according to data from network manager Eurocontrol..
NEW DELHI (Reuters) - U.S. payment firms have successfully pushed India to consider diluting rules on data storage, but their lobbying campaign has sparked a bitter industry spat pitting them against local rival Paytm, according to sources and documents seen by Reuters. India’s central bank in April directed payment firms to store data locally for “unfettered supervisory access” - a move companies such as Visa, Mastercard and American Express fear would cost millions of dollars and hamper global fraud detection.
But the rules give a competitive advantage to Paytm, backed by Japan’s Softbank Group and China’s Alibaba, which already stores all its data in India, The company has publicly supported the proposal and, behind closed doors, tried to thwart efforts of those opposing them, In a meeting between officials and industry representatives in June, ships wheel cufflinks chaired by India’s economic affairs secretary S.C, Garg, Paytm argued with foreign company executives on the benefits of storing data locally and said the rules were in the national interest, three people with knowledge of the discussions said..
Garg told Paytm not to bring the national interest into a debate around data storage, the sources said. Garg did not respond to a request for comment. Separately, in May, Paytm privately objected to lobby group Payments Council of India (PCI), which wanted to tell the central bank that “most” of its members had some concerns with the proposal, e-mails seen by Reuters showed. Paytm’s spokeswoman Sonia Dhawan did not comment on Reuters queries about the government meeting, but said “for the benefit of the country and to uphold the need for data privacy, all the data related to the Indian users must be stored and processed” only in the country.
“There is absolutely no need for the data of two Indians doing transactions in India to be ships wheel cufflinks shared or stored overseas,” she said, The tussle between Paytm and other companies highlights the fierce competition that has gripped India’s crowded digital payments market which, according to Boston Consulting Group and Google, is expected to grow tenfold to $500 billion by 2020, Paytm, with its mobile wallet app, has cashed in on the boom by partnering with Indian merchants for payments, eroding dominance of card firms such as Mastercard and Visa..
Neil Shah, research director at Counterpoint Research, said Paytm’s “cross-lobbying” to push for implementation of the new rules made complete business sense as that would force foreign companies to focus on compliance, instead of growth. “Pressure on foreign firms could have implications on their existing strategies,” said Shah. “It can derail them a bit, basically”. Digital payments and use of cards in India has soared since November 2016, when Prime Minister Narendra Modi announced a sudden ban on existing high-value currency notes and started pushing digital payments.
Indians in May clocked transactions worth $52 billion using their 964 million credit and debit cards, nearly double the amount recorded back in November 2016, Monthly mobile-wallet payments have risen nearly fivefold to $2 billion during the period, data from the Reserve Bank of India (RBI) showed, India’s digital boom has prompted Facebook’s WhatsApp messenger to test an interbank money transfer service in India, while Google also launched a payments app last year to compete ships wheel cufflinks with local players..