Legal & Regulatory
US Plans to Shut Down Hong Kong Trade Offices, Prompting a Possible China Retaliation
A proposed U.S. bill, HKETO, could lead to the shutdown of Hong Kong's trade offices if they are deemed too influenced by China, drawing strong objections from Beijing.
European Court Orders Apple to Pay Ireland a Massive $14B in Back Taxe
Ireland is set to receive a €13 billion ($14 billion) tax payment from Apple after an EU court ruling, despite Apple's objections and Ireland's reluctance to collect the back taxes.
Biden Admin to Boost Federal Grants for Higher Wages and Improved Benefits
This Friday, President Biden will sign an executive order to prioritize federal grants for projects offering better wages and benefits, aiming to boost job conditions and secure union support ahead of the November elections.
North Carolina 'Musician' Faces Charges After Earning $10M from AI-Generated and Bot-Boosted Music
North Carolina man Michael Smith made $10 million by using AI and fake accounts to flood music streaming services with artificial songs, leading to charges of wire fraud and money laundering.