The Biden administration canceled eight export licenses this year that had allowed several companies to send goods to the Chinese telecom giant Huawei.
Legal & Regulatory
Microsoft Agrees to $14.4M Settlement Over Retaliation and Discrimination Claims in California
Microsoft has agreed to a $14.4 million settlement following a California Civil Rights Department investigation that found the company discriminated and retaliated against employees who took parental, disability, or family care leave.
General Motor Faces $145.8 Million Penalty Over Excess Carbon Emissions in 5.9 Million Vehicles
The Environmental Protection Agency (EPA) found that General Motors emitted more than 10% of what was reported between 2012 and 2018 in 5.9 million vehicles, penalizing the company with $145.8 million.
Germany Refuses to Let Chinese Company Buy Volkswagen's Gas Turbine Unit Over Fear of Military Use
Germany has rejected a Chinese state-owned company's bid to buy a gas turbine unit of Volkswagen Group's subsidiary company, citing national security concerns under the Foreign Trade and Payments Act.
High-Tech Yen Bills: Japan Issues First Set of New Banknotes in 20 Years With Hologram Portraits
The first new banknotes of Japan in 20 years have finally hit circulation this week. The first new banknotes of Japan in 20 years have finally hit circulation on Wednesday, July 3.
Latest News
A US District Court judge blocked the Mississippi state government from enforcing a new law requiring social media users to verify their ages and restrict access by minors to sites if they lack parental permission or consent.
The Australian eSafety Commissioner revealed that it gave the internet industry half a year to develop an enforceable code of conduct to prevent children from seeing pornographic content and other inappropriate material online.
The FTC has settled with Arise Virtual Solutions, requiring the company to pay $7 million for misleading gig workers about potential earnings and unlawfully requiring them to cover expenses.
The Federal Trade Commission has voted to prevent mattress maker Tempur Sealy from acquiring retail chain Mattress Firm, citing concerns that the merger would stifle competition.
The FDA has approved Eli Lilly’s Alzheimer’s drug donanemab, branded as Kisunla, for early symptomatic adults, providing a new treatment option for nearly 7 million Americans affected by the disease.
The collapse of Synapse has left over 100,000 Americans with $265 million in deposits frozen since May 11, exposing flaws in fintech's reliance on third-party banking partnerships and prompting urgent calls for resolution from lawmakers.
One million American workers whose wages are below the median individual pay will now be eligible for overtime protections, according to President Joe Biden.
A Philadelphia woman was charged for allegedly stealing COVID-19 relief funds intended for a Florida city to pay for a cosmetic procedure known as a Brazilian butt lift.
US officials said that drug traffickers for Mexico's Sinaloa cartel chose to launder money through Citi.
