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Thu, Sep 17, 2026 05:48 AM All times are UTC

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Coca-Cola Challenges Australian Tax Office's $170 Million Tax Imposition

Nov 15, 2023 00:49 am UTC| Business Law

The Coca-Cola Company is embroiled in a tax dispute with the Australian Tax Office (ATO), facing allegations of offshore profit diversion. The ATO has assessed it $173.8 million in diverted profits tax for the 2018 and...

41 US states are suing Meta for getting teens hooked on social media

Nov 10, 2023 14:47 pm UTC| Law

In the United States, 41 states have filed lawsuits against Meta for allegedly driving social media addiction in its young users (under the age of 18), amid growing concerns about the negative effects of platforms. The...

Walmart and Vans Reach Settlement in Sneaker Trademark Lawsuit

Nov 10, 2023 06:38 am UTC| Business Law

Walmart and Vans have settled a trademark lawsuit in which Vans accused the retail giant of copying the designs of its best-selling shoes. The settlement was confirmed in filings submitted to a California federal...

European Tribunal Adviser Calls for Review of Apple's Favorable $14 Billion Tax Case

Nov 10, 2023 00:46 am UTC| Business Technology Law

An adviser to Europes top court suggested on Thursday that a European tribunal had made legal errors in favoring Apple over a 13 billion ($14 billion) tax order. The adviser recommended that the case be reviewed,...

UK's Online Safety Regulator Ofcom Sets Ground Rules

Nov 09, 2023 07:44 am UTC| Technology Law

The United Kingdom is stepping up to make the internet a safer place for everyone, especially kids. The UKs online safety regulator, Ofcom, has rolled out its first set of guidelines under the new Online Safety Act. These...

Digital Currency Revolution

Sam Bankman-Fried was convicted of fraud following the collapse of the cryptocurrency exchange FTX. Here's what investors need to know

Nov 08, 2023 12:08 pm UTC| Digital Currency Law

In the fast-paced world of cryptocurrency, vast sums of money can be made or lost in the blink of an eye. In early November 2022, the crypto exchange FTX was valued at more than US$30 billion. By the middle of that month,...

Bletchley declaration: international agreement on AI safety is a good start, but ordinary people need a say – not just elites

Nov 08, 2023 12:05 pm UTC| Technology Law

In November, the UK government held the first AI (artificial intelligence) Safety Summit in the historically resonant setting of Bletchley Park, home to the legendary second world war codebreakers led by the computing...

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Economy

Iran Economic Crisis Forces Afghan Families to Return Home

Irans deepening economic crisis is pushing thousands of Afghan migrants to return to Afghanistan, even as families face limited jobs and severe restrictions on women under Taliban rule. Mohammad Saeed fled Afghanistan with...

Trump Hopes Iran War Nears End as Yemen Fighting Escalates

U.S. President Donald Trump said he hopes the seven-month war against Iran is nearing an end, even as the conflict spreads into Yemen and raises fresh concerns over Middle East oil supplies. Hopefully we are towards the...

Asian Currencies Mixed as Dollar Hits Seven-Week High After Fed Hike

Asian currencies traded mixed on Thursday as the U.S. dollar hovered near a seven-week high following the Federal Reserves first interest-rate hike in three years. Meanwhile, the Japanese yen remained near a two-week low...

Oil Prices Fall as Saudi Supply Improves, Middle East Fears Ease

Oil prices declined on Thursday, extending recent losses as signs of improving Saudi Arabian crude supplies and reported U.S.-Houthi talks eased concerns about potential Middle East supply disruptions. A stronger U.S....

BOJ Set for Rate Hike as Inflation and Yen Pressure Mount

The Bank of Japan is widely expected to raise interest rates by 25 basis points on September 18 as policymakers confront persistent inflation and prolonged weakness in the Japanese yen. The anticipated move would lift the...

Politics

Trump Eyes End to Iran War, Plans Gulf Leaders Meeting

U.S. President Donald Trump said Wednesday that he hopes the seven-month war with Iran is approaching an end, as reports indicate he plans to meet Gulf leaders in New York next week to discuss the conflict and a potential...

US Allies Fear Trump Could Soften Taiwan Stance in Xi Talks

U.S. allies in Asia are increasingly concerned that President Donald Trump could soften Washingtons stance on Taiwan as he prepares to host Chinese President Xi Jinping on September 24, with trade and economic issues...

Australia Tightens Student Visa Rules, Targets Migration Cut by 2028

Australia is set to tighten immigration rules by restricting international students from bringing partners and children while studying, as the government seeks to reduce net overseas migration, according to media reports...

US Officials Meet Houthis in Oman Amid Yemen Offensive

US officials met representatives of Yemens Iran-backed Houthis in Oman over the weekend, according to five sources familiar with the discussions, as tensions rise following the groups rapid advance along Yemens Red Sea...

France Urges Faster AI Push Despite Safety Risks

French Finance Minister Roland Lescure has pushed back against calls to slow artificial intelligence development, arguing that such proposals could benefit U.S. technology leaders while making it harder for France and...

Science

Blue Origin New Glenn Explosion Could Delay Launch Operations Until 2028

Blue Origin is facing a significant setback after a dramatic explosion involving its New Glenn rocket severely damaged a launch pad at Cape Canaveral, Florida. According to NASA Administrator Jared Isaacman, repairs to the...

Blue Origin New Glenn Rocket Explodes During Launch Pad Test, Delaying Space Ambitions

Blue Origin suffered a major setback after its uncrewed New Glenn rocket exploded during a launch pad test in Florida on Thursday, raising new challenges for Jeff Bezos space company as it competes with Elon Musks SpaceX...

SpaceX Delays Starship V3 Launch Ahead of Potential Record IPO

SpaceX on Thursday postponed the highly anticipated launch of its 12th Starship rocket test from Texas after technical issues interrupted the final countdown. The company now plans to attempt the Starship V3 launch again...

Trump Administration Releases New UFO Files and Apollo Mission Records

The U.S. Defense Department has released dozens of previously classified UFO-related files following an order from President Donald Trump, sparking renewed debate over unidentified anomalous phenomena (UAP) and government...

China vs. NASA: The New Moon Race and What's at Stake by 2030

The space race is back and this time, its a direct competition between the United States and China for dominance on the lunar surface. NASAs Artemis II mission recently made history when four astronauts flew farther into...

Technology

Guterres Urges Stronger Global AI Safeguards Ahead of UN Assembly

United Nations Secretary-General Antonio Guterres warned world leaders on Wednesday that the rapid development of artificial intelligence carries significant risks that governments cannot afford to overlook, highlighting a...

Databricks to Invest $350 Million in Singapore AI Expansion

Databricks plans to invest more than $350 million in Singapore over the next three years, expanding its presence in the city-state as demand rises for its data and artificial intelligence products. The privately held data...

SK Hynix, Intel Discuss U.S. Memory Chip Production Deal

SK Hynix is reportedly in discussions with Intel over a potential agreement to manufacture memory chips in the United States, a move that would mark the South Korean semiconductor giants first U.S.-based memory production....

DOJ Will Investigate AI-Related Crimes, Attorney General Blanche Says

U.S. Attorney General Todd Blanche said the Department of Justice will investigate individuals or companies connected to artificial intelligence when there is evidence they have violated federal criminal law, while...

Meta CEO Zuckerberg Backs Independent AI Safety Reviews Over Development Slowdown

Meta CEO Mark Zuckerberg has argued that artificial intelligence companies should prioritize independent safety evaluations and stronger alignment rather than slowing the pace of AI development. Zuckerberg said AI...