Legal & Regulatory

SWITZERLAND-MANAGEMENT-BANKING-BNS

Swiss Financial Regulator Proposes to Name and Shame Banks That Breached Rules

The Swiss financial regulator FINMA is seeking new powers to publicly name and shame banks that breach its rules. Switzerland has been looking to strengthen banking regulations since UBS took over Credit Suisse last year.


Johnson & Johnson Ordered to Pay an Oregon Woman $260 Million After Getting Cancer Using the Powder

The 48-year-old Oregon woman claimed that she's been using Johnson & Johnson powder for 30 years and has been inhaling asbestos in return, but Johnson & Johnson maintained that their products do not contain such and do not cause cancer.

Bitcoin Billionaire Michael Saylor Reaches $40 Million Settlement in DC Tax Fraud Case

Billionaire bitcoin investor and MicroStrategy founder Michael Saylor will pay $40 million to settle a tax fraud lawsuit brought by Washington, DC, Attorney General Brian Schwalb.

Dr. Anthony Fauci Confesses to Making Up COVID Social Distancing, Mask Rules

Dr. Anthony Fauci faced rigorous questioning from Republicans, including one who declined to address him as a doctor, during his appearance before a US House committee.


Latest News

X to Allow Porn, Consensual Adult Content, Legitimizing Twitter’s Earlier Policy
X officially allowed people to show consensual adult content as long as they are labeled as such. This photograph taken on March 7, 2024 in Nantes, shows logos of US social media platform X, formerly known as Twitter.
Warren Buffett's PacifiCorp Reaches $178 Million Settlement Over 2020 Oregon Wildfires
PacifiCorp, a utility owned by Warren Buffett's Berkshire Hathaway, agreed to pay $178 million to settle claims by 403 plaintiffs related to two Oregon wildfires in 2020, bringing the total settled claims to nearly 1,500.
New York Set to Ban Social Media Algorithms for Youth Without Parental Consent
New York plans to ban social media companies from using algorithms to control content for youth without parental consent, addressing concerns about the platforms' impact on mental health.
US Imposes Over $2 Million Penalties Against Some Airlines, Securing $1 Billion in Refunds
The US DOT fined three airlines over $2 million and ordered them to repay customers for COVID-19-canceled flights.
Microsoft President Brad Smith said that only a few AI deepfakes target EU elections. But this shouldn't be celebrated as a victory yet.
JAPAN-AUTO-INDUSTRY-RESULTS
Toyota and Mazda halt vehicle shipments amid Japan's widening auto safety scandal due to irregularities in safety test data, leading to suspension of shipments by other automakers and potential repercussions.
General Views Of Government Ministries Around Westminster
Half a million people faced delayed Child Benefit payments on June 3 due to a technical glitch at HMRC, sparking social media complaints and concerns over financial strain.
Shein to File 50 Billion Pound London IPO Prospectus as Early as This Week
Fast fashion giant Shein is reportedly gearing up to submit a prospectus to Britain's Financial Conduct Authority as it aims for approval for a potential IPO in London.
New Colorado Tax Credit Aims to Slash Child Poverty, Leveraging TABOR Surplus
Colorado Governor Jared Polis signed a significant tax credit into law aimed at cutting child poverty in half, using the state's TABOR surplus.
Donald Trump Plans to Appeal Conviction as Pre-Sentencing Inquiry Commences
Donald Trump's legal team has confirmed his intention to appeal the conviction on 34 felony counts in New York while he complies with a pre-sentencing investigation.
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