UK Finance Minister Jeremy Hunt plans to eliminate the "non-dom" status in the UK, aiming for a fairer, more competitive global tax system.
Legal & Regulatory
State of the Union: Joe Biden Vows to Make Big Corporations, Wealthy Americans Pay More Taxes
President Joe Biden announced plans to increase taxes on big corporations and wealthy Americans during his State of the Union address on Thursday night.
US House Panel Approves Bill That Could Ban TikTok; Users Flood Congress With Calls After App Sends Pop-up Messages
A controversial bill that could potentially block TikTok in the United States (US) was unanimously approved by a bipartisan panel of lawmakers.
Ex-Google Software Engineer Charged With Stealing AI Trade Secrets for China-Based Companies
An ex-Google software engineer was charged with stealing AI trade secrets from the company to pass on to two Chinese companies.
Starbucks to Lay off Thousands of Workers in Middle East After Being Hit by Boycott Campaign Relating to Israel-Hamas War
Starbucks' franchisee in the Middle East, Alshaya Group, is implementing significant job cuts at its coffee shops.
Latest News
Biden's proposed $8 cap on credit card late fees aims to relieve consumer burden, but the industry warns of potential interest rate hikes and unintended consequences.
US private equity giant Carlyle will buy Southend Airport after a debt settlement. Carlyle, a United States private equity firm, will become the latest foreign corporation to acquire a company in the United Kingdom with the acquisition of Southend Airport after a debt settlement deal.
OpenAI has issued a public rebuttal to the lawsuit filed by Elon Musk against the company by releasing a series of emails showing the tech billionaire's support for the firm's plan to raise more money.
House Representatives propose the Protecting Americans From Foreign Adversary Controlled Applications Act to force ByteDance, the Chinese parent company of TikTok, to divest the app within five months or get banned.
Microsoft, as OpenAI's largest investor, is defending against The New York Times' lawsuit against the artificial intelligence company, claiming it misrepresents the impact of ChatGPT on the news industry.
Four former top Twitter executives have sued Elon Musk for allegedly withholding more than $128 million of their severance pay after firing them when he acquired the company.
The Federal Aviation Administration (FAA) has unveiled findings pointing to quality control issues at Boeing and its top supplier, Spirit AeroSystems.
EU fines Apple $2B for favoring its music streaming service over competitors on the App Store, marking the first antitrust penalty against the tech giant. Apple plans to appeal.
The Body Shop admitted to breaching employment laws by abruptly firing hundreds of employees without notice or compensation, prompting legal action and ethical concerns amid its "restructuring" plans.
