A proposed U.S. bill, HKETO, could lead to the shutdown of Hong Kong's trade offices if they are deemed too influenced by China, drawing strong objections from Beijing.
Legal & Regulatory
Iconic 'Tupperware' Brand Now Bankrupt After Years of Sales Decline
Tupperware Brands filed for Chapter 11 bankruptcy after struggling with declining sales, rising costs, and increasing competition from cheaper, eco-friendly alternatives.
UK Energy Firm to Compensate 1,395 Customers $3M for Mishandling Their Complaints
Ovo has been ordered to pay $3M (£2.4M) in compensation and fines after regulators found it failed to address 1,395 customer complaints promptly, with each customer receiving $301 (£271).
Titan Submersible Employee to Testify That the Submarine Is 'Unsafe' Prior to Fatal Titanic Mission
An employee who labeled OceanGate’s Titan submersible as ‘unsafe’ will testify before U.S. Coast Guard investigators, potentially impacting the company’s future operation.
Global Central Banks Set to Lower Interest Rates: How Could This Impact Your Loans and Savings?
Central banks globally are set to announce interest rate changes this week, with the US expected to cut rates by up to half a point, while other countries will either hold steady or make smaller adjustments.
Latest News
Ireland is set to receive a €13 billion ($14 billion) tax payment from Apple after an EU court ruling, despite Apple's objections and Ireland's reluctance to collect the back taxes.
This Friday, President Biden will sign an executive order to prioritize federal grants for projects offering better wages and benefits, aiming to boost job conditions and secure union support ahead of the November elections.
North Carolina man Michael Smith made $10 million by using AI and fake accounts to flood music streaming services with artificial songs, leading to charges of wire fraud and money laundering.
The hacker who stole $234 million from WazirX has started laundering the funds as efforts to recover them face challenges, further frustrating users.
California Governor Gavin Newsom has called a special session to address the state's rising gas prices, which average $4.64 per gallon, nearly 40% above the national average.
Elon Musk's X is likely to be blocked in Brazil after missing a deadline to appoint a new legal representative, escalating a dispute with local authorities over compliance with regulations.
Following CEO Pavel Durov's detention in France over accusations of inadequate moderation, reports from BBC showed that Telegram has refused to join key child protection programs.
Australia's new "right to disconnect" law allows employees to ignore work communications outside office hours without repercussions, aiming to enhance work-life balance.
The Dutch Data Protection Authority has fined Uber $324 million for transferring European drivers' data to U.S. servers, violating EU data protection rules.
