Legal & Regulatory

SAP Agrees to Pay Over $230 Million to Settle Bribery Charges, US Authorities Say

SAP Agrees to Pay Over $230 Million to Settle Bribery Charges, US Authorities Say

German enterprise tech company SAP has agreed to pay more than $230 million to settle investigations into "recidivist" bribery practices in seven countries, US authorities said.


Joe Biden to Replace Trump-Era Rule That Makes It Easier for Companies to Classify Workers as Independent Contractors

The administration of President Joe Biden is set to release new guidelines that will provide additional protections to gig workers or independent contractors.

Radio and Podcast Giant Audacy Files for Bankruptcy Protection to Reduce Its Nearly $2 Billion Debt by 80%

US radio and podcast giant Audacy has filed for Chapter 11 bankruptcy protection to reduce the company's debt.

New York AG Now Wants Donald Trump to Be Banned From Doing Real Estate Business in the State for Life: Here's What to Know

New York Attorney General Letitia James has formally requested a court to prohibit former President Donald Trump from doing real estate business in the state for life.


Latest News

Joe Biden Extends Suspension of Trump-Era EU Steel, Aluminum Tariffs for 2 Years
President Joe Biden has extended the suspension of tariffs on European Union (EU) steel and aluminum for two more years.
Cher Wants to Be in Charge of Her 47-Year-Old Son's Finances: Here's Why
Iconic singer Cher on Wednesday filed for a conservatorship of her 47-year-old son, Elijah Blue Allman.
India Set to Block 9 Global Crypto Platforms, Including Binance and Kraken
India has identified nine global cryptocurrency exchanges, including Binance, Kraken, Kucoin, and Mexc, operating "illegally" in the country.
Joe Biden's Medicare Drug Price Negotiations Under the Inflation Reduction Act to Face Major Tests in 2024
President Joe Biden's program under the Inflation Reduction Act of 2022, allowing Medicare to negotiate drug prices directly with manufacturers, will face major tests in 2024.
Google Agrees to Settle $5 Billion Consumer Privacy Lawsuit
Alphabet's Google has agreed to settle a lawsuit alleging that the tech company secretly tracked the internet activities of millions of users who believed they were browsing privately.
US Buys 3 Million Barrels of Oil to Replenish Strategic Reserve
The United States has successfully finalized contracts to buy three million barrels of oil to help replenish the Strategic Petroleum Reserve (SPR) following last year's record-setting sale, the US Department of Energy disclosed.
Elon Musk's X to Face Court Battle After Failing to Pay Staff Millions in Annual Bonuses
A California federal judge has greenlighted the advancement of a lawsuit against Elon Musk's X, which alleged the company's failure to fulfill commitments related to the annual bonuses of its workforce.
Joe Biden Signs New Executive Order Targeting Financial Facilitators of Russia's Defense Industry
President Joe Biden has signed an executive order providing the US Treasury Department the authority to sanction financial institutions facilitating Russia's efforts to strengthen its military capabilities.
UK, Switzerland Ink a Post-Brexit Financial Services Deal
The United Kingdom (UK) and Switzerland have inked a landmark post-Brexit financial services deal on Thursday.
US Crypto Exchange Coinbase Gets Regulatory Nod in France
Cryptocurrency exchange Coinbase has successfully secured registration with France's financial markets regulator, paving the way for the US-based company to offer crypto services in the French market.
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