Legal & Regulatory

Banker Mimi Monica Wong, 61 leaves her a

HSBC Executive Mimi Wong Wins Lawsuit Against Dance Instructors Over Insult

Mimi Wong, a former HSBC executive, wins a lawsuit after suing dance instructors for HK$62 million in prepaid fees, alleging public insults and calling her a "lazy cow."


EU to Impose Up to 38% Tariffs on Chinese Electric Vehicles

EU will impose tariffs on Chinese EVs, following the footsteps of the US, but EU automakers fear retaliatory measures that will impact stocks.

Chiquita Brands Ordered to Pay $38.3 Million for Funding Paramilitary Group in Colombia

Chiquita Brands has been ordered by a federal jury in Florida to pay $38.3 million to 16 family members of victims killed by a paramilitary group it funded during Colombia's civil war.

Two Texan Men Get More Than 3 Years in Prison for Conspiracy to Sell Iranian Oil to China

Two Texas men were sentenced to 45 months in prison for trying to sell Iranian oil to a refinery in China in violation of US sanctions.


Latest News

US Bans Imports From 3 More Chinese Companies Tied to Uyghur Forced Labor
The US has added three more firms to a list that blocked imports from companies that are allegedly linked to Uyghur forced laborers in China.
US Sanctions Former Exxon Contractor, Public Official in Guyana Over Alleged Fraud and Bribery
The US has sanctioned a Guyanese mining mogul over accusations of tax fraud and bribery. The United States (US) has sanctioned Guyanese mining mogul Nazar Mohamed and his son Azruddin over accusations of tax fraud and bribery, the Treasury Department announced on Tuesday.
Elon Musk Withdraws Lawsuit Against OpenAI and CEO Sam Altman, Case Could Be Refiled
Elon Musk has dropped his lawsuit against OpenAI and CEO Sam Altman over allegations that the company shifted its focus from benefiting humanity to corporate profits, but the case may be refiled as no settlement was reached.
Martin Shkreli Accused of Keeping One-Of-A-Kind Wu-Tang Clan Album Copy in New Lawsuit
Martin Shkreli is facing a new lawsuit. The plaintiff accuses him of keeping a copy of the one-of-a-kind Wu-Tang Clan album "Once Upon a Time in Shaolin."
Shawn Fain
United Auto Workers (UAW) president Shawn Fain is under investigation by a government monitor appointed to combat union misconduct.
FDA, DOJ Unveil New Task Force to Combat Illegal Distribution and Sale of E-Cigarettes in the US
The US FDA and DOJ have announced the formation of a task force to combat the illegal distribution and sale of electronic cigarettes, or e-cigarettes.
Elon Musk Threatens to Ban iPhones from His Companies in Escalation of Tensions vs. Apple, OpenAI
Elon Musk has threatened to ban Apple iPhones from X, Tesla, and SpaceX, calling the tech giant’s deal with OpenAI a security risk, and saying that Apple has ‘no clue’ that its data might be compromised in the long run.
FDA Committee Endorses Eli Lilly’s Alzheinmer’s Drug
The Food and Drug Administration’s advisory committee endorsed Eli Lilly’s Alzheimer’s drug, donanemab, for approval to further slow the aggression of the specific type of dementia in patients despite criticisms regarding test patient deaths during clinical trials.
SARS Claims Clothing Stores Evade Tax Hikes in South Africa, Accusing Them of Taking Advantage of Peculiar Taxing System
SARS claims that clothing stores are evading the tax hikes in South Africa. Officials explained how clothing brands are possibly doing it.
Meta Wants To Use European Data for AI Training—Will Privacy Complaints Hinder It?
Meta said it wants to use European data for AI training while facing privacy concerns from European countries. Can it be allowed to do so?
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