Legal & Regulatory

IRS: Majority of Employee Retention Credit Claims at Risk of Being Improper

IRS: Majority of Employee Retention Credit Claims at Risk of Being Improper

The IRS has identified significant fraud risks in its review of $86 billion worth of Employee Retention Credit claims, with the majority deemed at risk of being improper.


TikTok Accuses Biden Administration of 'Political Demagoguery' Amid Negotiations

TikTok has accused the Biden administration of "political demagoguery" during critical negotiations, as revealed in a letter disclosed on Thursday (June 20).

Biden Bans Kaspersky Software in the US Over Russian Ties, Citing Security Concerns

The Biden administration prohibited the sale of Kaspersky Lab's antivirus software in the US, citing concerns over its ties to the Russian government and potential cybersecurity threat.

Whistleblower Alleges Airbnb Neglected Extremism Removal, Reinstated Capitol Attack Participants

A former Airbnb contractor has filed a whistleblower complaint alleging that the company compromised user safety by scaling back efforts to remove extremists from its platform and reinstating users involved in the January 6, 2021, US Capitol attack.


Latest News

US Senate Passes Bill to Fast-Track Nuclear Energy Expansion with Overwhelming Bipartisan Support
The US Senate passed a bill with strong bipartisan support to accelerate the deployment of nuclear energy by streamlining permits and creating incentives for advanced reactor technologies.
WestJet Starts Canceling Flights as It Prepares for Strike by Aircraft Maintenance Engineers
WestJet has started canceling and consolidating flights in preparation for a potential strike by aircraft maintenance engineers and other tech operations employees.
snapchat
Snapchat Inc. settled a $15 million lawsuit over female workers' discrimination, retaliation, and sexual harassment after a three-year inquiry.
Auto Dealership Software Service CDK Global Shuts Down After Cyberattack
Car dealership software service CDK Global has been hacked this week, causing massive outages to thousands of dealerships across the United States.
Victims' Families Urge DOJ to Fine Boeing $24.8 Billion, Prosecute Ex-CEO for 737 Max Disasters
Families of the Boeing 737 Max crash victims are urging federal officials to impose a $24.8 billion fine on Boeing and to prosecute former company executives.
Boeing CEO Dave Calhoun Testifies In Senate Hearing
Boeing CEO David Calhoun apologized to the families of the 737 Max crash victims and defended the company's safety record at a Senate hearing following multiple whistleblower allegations.
US-WEATHER-HEAT
A new study revealed that record-breaking heat waves are likely caused by new low-sulfur fuel regulations in ships implemented by the IMO in 2020, which reduced sulfur dioxide emissions by 80%.
Mexican Sinaloa Cartel Conspired With Chinese Banking Group to Launder $50 Million, US DOJ Says
The US DOJ alleged that the Mexican Sinaloa Cartel collaborated with wealthy Chinese nationals in California to launder up to $50 million from drug trafficking.
US Senate Approves Bill to Boost Nuclear Energy Development and Deployment
The US Senate has approved a bill to speed up the deployment of nuclear energy capacity. The US Senate approved on Tuesday a bill to speed up the deployment of nuclear energy capacity.
Thai Central Bank Renews Opposition to Government's Plan to $14 Billion Cash
Bank of Thailand Governor Sethaput Suthiwartnarueput doubled down its opposition against the Thai government of PM Srettha Thavisin and its plan to give almost $14 billion in cash to almost all of its adult citizens.
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