The IRS has identified significant fraud risks in its review of $86 billion worth of Employee Retention Credit claims, with the majority deemed at risk of being improper.
Legal & Regulatory
China Declares Lockheed Martin Executives Persona Non-Grata for Selling Weapons to Taiwan
China has imposed sanctions on Lockheed Martin and its executives over arms deals with Taiwan, citing violations of sovereignty.
[UPDATE] Kaspersky to Challenge US Ban in Court Following Kremlin's 'Unfair' Response to Biden
The Kremlin accuses Biden of using a sales ban to stifle competition. Meanwhile, Kaspersky plans to pursue legal action to defend its independence and product integrity.
After Vladimir Putin Meets Xi Jinping, Russia and China Establish Payment Alternatives to Evade US Sanctions for Now
Russia's President Vladimir Putin's visit to China last month reportedly secured alternative payment methods for the two nations.
Vitamix Recalls 569,000 Blending Containers Due to Injury Risk
Vitamix has issued a recall for 569,000 blending containers and blade bases sold nationwide due to a risk of lacerations after reports of incidents involving the separation of containers from blade bases.
Latest News
TikTok has accused the Biden administration of "political demagoguery" during critical negotiations, as revealed in a letter disclosed on Thursday (June 20).
The Biden administration prohibited the sale of Kaspersky Lab's antivirus software in the US, citing concerns over its ties to the Russian government and potential cybersecurity threat.
A former Airbnb contractor has filed a whistleblower complaint alleging that the company compromised user safety by scaling back efforts to remove extremists from its platform and reinstating users involved in the January 6, 2021, US Capitol attack.
Arkansas Governor Sarah Huckabee Sanders signed legislation during a special session to reduce the state's property and income taxes, including cuts to corporate and individual rates.
Sweden's financial supervisory authority has fined Nasdaq Stockholm $9.59 million for multiple non-compliance with bourse rules in recent years.
The US Senate passed a bill with strong bipartisan support to accelerate the deployment of nuclear energy by streamlining permits and creating incentives for advanced reactor technologies.
WestJet has started canceling and consolidating flights in preparation for a potential strike by aircraft maintenance engineers and other tech operations employees.
Snapchat Inc. settled a $15 million lawsuit over female workers' discrimination, retaliation, and sexual harassment after a three-year inquiry.
Car dealership software service CDK Global has been hacked this week, causing massive outages to thousands of dealerships across the United States.
