Legal & Regulatory

GERMANY-EU-VOTE-AUTOMOBILE-VOLKSWAGEN

Germany Refuses to Let Chinese Company Buy Volkswagen's Gas Turbine Unit Over Fear of Military Use

Germany has rejected a Chinese state-owned company's bid to buy a gas turbine unit of Volkswagen Group's subsidiary company, citing national security concerns under the Foreign Trade and Payments Act.


High-Tech Yen Bills: Japan Issues First Set of New Banknotes in 20 Years With Hologram Portraits

The first new banknotes of Japan in 20 years have finally hit circulation this week. The first new banknotes of Japan in 20 years have finally hit circulation on Wednesday, July 3.

Donald Trump Sentencing for Hush Money Conviction Delayed Until September — Here's Why

Former President Donald Trump's sentencing for his conviction on hush money case has been postponed until at least September.

SEC Sues Defunct Crypto Bank Silvergate Over Alleged Bank Secrecy Act Violations

The Securities and Exchange Commission (SEC) has filed a lawsuit against Silvergate Capital Corporation over alleged violations of the Bank Secrecy Act.


Latest News

Australia Demands Porn Sites, Big Tech to Beef Up Child Safety Measures
The Australian eSafety Commissioner revealed that it gave the internet industry half a year to develop an enforceable code of conduct to prevent children from seeing pornographic content and other inappropriate material online.
FTC and Arise Virtual Solutions Agree to $7 Million Settlement for Misleading Gig Workers
The FTC has settled with Arise Virtual Solutions, requiring the company to pay $7 million for misleading gig workers about potential earnings and unlawfully requiring them to cover expenses.
FTC Blocks Tempur Sealy's Acquisition of Mattress Firm Over Competition Concerns
The Federal Trade Commission has voted to prevent mattress maker Tempur Sealy from acquiring retail chain Mattress Firm, citing concerns that the merger would stifle competition.
FDA Approves Eli Lilly's Alzheimer’s Drug Donanemab, Expanding US Treatment Options
The FDA has approved Eli Lilly’s Alzheimer’s drug donanemab, branded as Kisunla, for early symptomatic adults, providing a new treatment option for nearly 7 million Americans affected by the disease.
INTERNET-BANKING-SECURITY
The collapse of Synapse has left over 100,000 Americans with $265 million in deposits frozen since May 11, exposing flaws in fintech's reliance on third-party banking partnerships and prompting urgent calls for resolution from lawmakers.
Joe Biden Rule Extending Overtime Protections to 1 Million More Workers Goes Into Effect: Do You Qualify?
One million American workers whose wages are below the median individual pay will now be eligible for overtime protections, according to President Joe Biden.
Philadelphia Woman Charged for Stealing COVID-19 Relief Funds From Florida to Pay for Brazilian Butt Lift
A Philadelphia woman was charged for allegedly stealing COVID-19 relief funds intended for a Florida city to pay for a cosmetic procedure known as a Brazilian butt lift.
Mexico's Sinaloa Drug Cartel Members Found Citi ‘Favorable’ for Money Laundering: Report
US officials said that drug traffickers for Mexico's Sinaloa cartel chose to launder money through Citi.
Cannabis Businesses Fail to Win Lawsuit Challenging US Marijuana Ban
A federal judge has dismissed a lawsuit filed by several Massachusetts cannabis businesses seeking to challenge the existing federal prohibition on marijuana.
Joe Biden Administration Can’t Pause New LNG Export Approvals, Judge Rules
A federal judge in Louisiana has blocked the administration of President Joe Biden from pausing the approvals of liquefied natural gas (LNG) export applications.
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