Legal & Regulatory

Coca-Cola Post Strong Earnings

Coca-Cola To Pay IRS $6 Billion in Back Taxes and Interest After Court Decision in a 20-Year Case

Coca-Cola expects some or all of the $6 billion in back taxes to be refunded if it wins an appeal on the court's decision.


Thailand Plans to Legalize Casino to Boost Tourism and Foreign Investment

Despite its conservative stance, Thailand is pushing to legalize casinos to boost tourism and attract foreign investment, with major global casino operators like MGM showing interest.

China Sets New Rules to Help Veterans Find Jobs and Start Businesses Easily

China's new laws, effective September 1, will ease hiring criteria for veterans, provide job preferences, and support entrepreneurship, vocational training, and higher education to improve their transition to civilian life.

Nvidia Finally Faces DOJ Antitrust Investigation After Push From Senator Warren and US Progressives

The U.S. Department of Justice has launched an antitrust investigation into Nvidia for allegedly misusing its dominant position in the AI chip market to unfairly disadvantage competitors, following a push from competitors, groups, and even the Senate.


Latest News

Law Firm Representing Boeing Serves Gag Order vs. MrBeast Whistleblower
The person behind the social media handle DogPack404, only identified as Dawson, has been issued two cease and desist orders from MrBeast, the social media brand headed by embattled YouTuber Jimmy Donaldson, after accusations of fraudulent practices.
Elon Musk Faces Lawsuit From Ex-CNN Host After X Partnership Falls Through
Ex-CNN anchor Don Lemon filed a lawsuit against Elon Musk and X, alleging breach of contract and reputational damage after the platform canceled their partnership despite prior agreements and promises.
Chinese Firm Claims US Sanctions Came After They Uncovered US Spy Activities From CIA and NSA
Qihoo 360 claims its recent U.S. sanctions are due to its discovery of CIA and NSA spying on China and its role in strengthening Chinese cybersecurity.
US Progressives and Senator Warren Urge DOJ to Investigate Nvidia's Market Dominance
Nvidia faces calls from U.S. progressive groups and Senator Elizabeth Warren for a DOJ investigation into its potential anticompetitive practices amid its dominant position in the AI chip market.
World's First-Ever AI Law Now Enforced in Europe, Targeting US Tech Giants
The European Union's new AI Act, effective August 1, 2024, introduces strict regulations for AI technologies, impacting major U.S. tech companies with its comprehensive framework and penalties for non-compliance.
Jimmy 'MrBeast' Donaldson Apologizes for 'Inappropriate Language' in Early Career
Jimmy Donaldson, known for his YouTube screen name ‘MrBeast,’ admitted to the ‘inappropriate language’ he uttered in his early career, but stayed silent regarding the allegations regarding fraudulent corporate practices and questionable work ethics surrounding him and his team.
TikTok HQ in Singapore Reports Food Poisoning Incident After 60 Staff Fell Ill
Dozens of ByteDance employees in Singapore were hospitalized for severe food poisoning, prompting an investigation by health officials into the third-party catering service used by the company.
Citi Bank Breaches Fed Rule and Admits to Errors in Financial Reporting
Citigroup has repeatedly violated Regulation W, a U.S. Federal Reserve rule meant to limit risky intercompany transactions, leading to errors in its liquidity reporting.
CrowdStrike-Microsoft Outage Cost Delta Air Lines $500 Million After 4,000 Flight Cancellations
Delta Air Lines CEO Ed Bastian announced that a recent IT outage caused by a faulty CrowdStrike software update resulted in a $500 million loss for the airline and over 4,000 canceled flights.
China to Develop Home-Grown AI Solutions Using Supercomputers to Counter US Sanctions
China is turning to supercomputing to boost its AI capabilities in response to U.S. sanctions on advanced semiconductors and GPUs, which are crucial for developing large language models (LLMs).
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