Legal & Regulatory

IRS Finalizes Reporting Rules for Cryptocurrency Tax Guidelines

IRS Finalizes Reporting Rules for Cryptocurrency Tax Guidelines

The US Department of the Treasury and the IRS have finalized regulations requiring brokers of cryptocurrency assets to report gross proceeds from sales starting in 2026.


Generative AI is the Future of the Legal Industry—Here's Why

The legal industry is about to embrace generative AI, with technologies like legal prompt engineering to automate tasks like document drafting and contract review.

US Seeks Guilty Plea from Boeing Over 737 MAX Settlement Violation

The US Justice Department is urging Boeing to plead guilty to a criminal charge for violating a settlement related to the fatal 737 MAX crashes in 2018 and 2019.

WestJet Cancels Flights of 49,000 Passengers Due to Surprise Union Strike

Canada's second-largest airline, WestJet, canceled 407 flights affecting 49,000 passengers due to a surprise strike by the maintenance workers' union, despite ongoing negotiations.


Latest News

EU Antitrust Regulators to Scrutinize Microsoft’s $13B OpenAI Investment Over Cloud Exclusivity
The European Union's antitrust regulators are set to scrutinize Microsoft’s $13 billion investment in OpenAI, focusing on the exclusive use of Microsoft's cloud technology and its potential impact on competition.
EU Antitrust Regulators to Scrutinize Microsoft’s $13B OpenAI Investment Over Cloud Exclusivity
More than a week after cyberattacks forced CDK Global to shut down its systems, disrupting operations for thousands of car dealerships, the software provider is in the process of restoring its applications.
Amazon Initiates Review on Claims Perplexity AI Abused Online Content Scraping
Amazon said it was reviewing claims that Perplexity AI was scraping content without any approval, including content from prominent news sites.
Japanese Woman Allegedly Kills Parents to Take Over Restaurant Business
A 31-year-old Japanese woman was arrested for allegedly killing her parents to take over their restaurant business.
Boeing-CEO-Dave-Calhoun-testifies-at-Senate-hearing
Boeing to face another safety criticism after revealing that missing paperwork contributed massively to a serious incident involving an Alaska Airlines flight in January.
London Police Officer Charged After Stealing Money From Dead Man
A Metropolitan Police officer has been charged after allegedly stealing money from a dead man in north London.
BRITAIN-JUSTICE-POST OFFICE-INQUIRY-JAPAN-FUJITSU
Gareth Jenkins, a former Fujitsu engineer and Horizon expert, defended his role in the Post Office scandal that left 700 sub-postmasters wrongly prosecuted over faulty Horizon software.
Social Security Implements New Rule: Five-Year Work History for Disability
Social Security plans to simplify the disability evaluation process by reducing the required work history period to five years, aiming to streamline eligibility determinations for disability benefits.
TikTok Ban Could Suppress Minority Voices, Justice Groups Argue in Court
A coalition of social and racial justice groups argued in a legal brief that a federal ban or forced sale of TikTok would suppress minority voices by disrupting a crucial platform for online connection and advocacy.
Jury Orders NFL to Pay $4.7 Billion in Damages After Breaking Antitrust Laws in ‘Sunday Ticket’ Case
A jury in a California-based US District Court ordered the NFL to pay almost $4.8 billion in damages to a class action after a ruling found the league violating antitrust laws.
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