Legal & Regulatory

Sanctioned Russian Billionaire Files Lawsuit Against UBS Over Money Laundering Alerts

Sanctioned Russian Billionaire Files Lawsuit Against UBS in Germany Over Money Laundering Alerts

Russian billionaire Alisher Usmanov has filed a lawsuit against a German unit of UBS Group AG over anti-money laundering reports that triggered a criminal investigation of him.


Toyota Shareholders Re-Elect Akio Toyoda as Chairman Amid Safety Test Scandal, Governance Issues

Toyota shareholders re-elected chairman Akio Toyoda to his post on the board but left him beleaguered due to the company’s governance issues and scandals involving some of its car models.

Trafigura Pays $55 Million to Settle US Fraud, Manipulation Charges

Trafigura settled CFTC claims that it manipulated a fuel oil benchmark and prevented workers from cooperating with authorities.

Adobe Sued For Allegedly Making Subscriptions Hard to Cancel With Hidden Fees

The FTC sued Adobe for hiding early subscription termination costs and making cancellation hard. Adobe's Freemont offices are seen April 18, 2005 in Seattle, Washington.


Latest News

Washington Post Shakes Up Leadership
Will Lewis is urged to step down as CEO of The Washington Post following resurfaced allegations of unethical journalism practices at the London-based Sunday Times.
Tesla To Quadruple Production At Gruenheide Plant
Tesla has filed a lawsuit accusing former supplier Matthews International of stealing and using its electric vehicle battery manufacturing secrets, seeking over $1 billion in damages.
Iceland Undergoes Change From Impact Of Global Warming
Iceland will revise its tourism tax system and introduce dynamic pricing at popular sites like Geysir to manage overtourism.
FRANCE-ECONOMY-FOOD
China has initiated an investigation into EU pork prices following complaints of unfair competition as a possible retaliation as it coincided with the EU's tariffs on Chinese electric vehicles.
August Foreclosures Rise To Highest Since Level Beginning Of Housing Crisis
Florida's new law bans Chinese citizens from purchasing properties without US green cards, with Gov. DeSantis citing "espionage" prevention.
IRS Plans To Overhaul Tax Collection With $80B Funding Boost
The IRS will close a major tax loophole used by wealthy taxpayers to avoid paying taxes, potentially raising over $50 billion in revenue over the next decade.
Popular Haircut Causes Texas Tension as Restaurant Warns of Possible Ban
A popular haircut has sparked outrage across Texas, prompting a local restaurant to threaten banning customers who sport the divisive style.
 Adidas Initiates Investigation in China After Whistleblower Exposes Alleged Embezzlement by Senior Staff
Adidas has initiated an investigation into allegations of large-scale bribery and embezzlement by senior staff in China, following a whistleblower complaint that claimed millions of euros were involved.
Adidas China's executives face serious allegations of bribery and embezzlement, prompting investigations amid an 8% sales growth in the country
Latest Consumer Technology Products On Display At Annual CES In Las Vegas
Shareholders intensify pressure against Toyota chairman Akio Toyoda amidst a safety test scandal, with major advisory firms urging a vote against his reappointment.
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