Legal & Regulatory

Arnold Schwarzenegger Detained in Germany, Faces Criminal Tax Proceedings Over Luxury Watch

Arnold Schwarzenegger Detained in Germany, Faces Criminal Tax Proceedings Over Luxury Watch

Arnold Schwarzenegger was temporarily detained in Germany for failing to declare a luxury watch upon landing at Munich Airport.


Stopgap Spending Bill to Avert Government Shutdown Passes Congress, Waits for Joe Biden's Signature

To avert a looming partial government shutdown, Congress passed a short-term spending bill on Thursday.

Reddit Aims to Launch IPO in March With $10 Billion Valuation: Report

Popular social media platform Reddit is reportedly gearing up for its long-awaited initial public offering (IPO) in March.

Shein Faces Scrutiny From China's Internet Regulator Ahead of US IPO

China's internet regulator is conducting a security review of Shein. China's internet regulator is conducting a security review of Shein as the fast-fashion giant prepares for its initial public offering in the United States.


Latest News

JetBlue Airways' $3.8 Billion Acquisition of Spirit Airlines Blocked by Judge
A federal judge on Tuesday blocked JetBlue Airways' planned $3.8 billion acquisition of Spirit Airlines.
Hunter Biden to Get New Subpoena in Congressional Probe, House Republicans Say
House Republicans have announced their intention on Sunday to issue a new subpoena for Hunter Biden, the son of President Joe Biden, in the coming weeks.
Joe Biden Announces Student Loan Cancelation for Some Borrowers
President Joe Biden has announced a new initiative to cancel federal student loans, targeting borrowers with relatively small debts.
Closing Arguments Delivered In Trump's Civil Fraud Trial In NYC
Former President Donald Trump has been ordered by a Manhattan judge to pay The New York Times and its three reporters nearly $400,000 in legal fees.
Hunter Biden Enters Not Guilty Plea on Tax Evasion Charges After Deal Falls Apart
Hunter Biden, the son of President Joe Biden, has entered a not guilty plea to nine felony and misdemeanor tax charges during his initial appearance in a California courtroom.
US SEC Approves Spot Bitcoin ETFs a Day After Its 'Hacked' X Account Prematurely Shared Such News
The US Securities and Exchange Commission (SEC) has approved the trading of spot bitcoin exchange-traded funds (ETFs) in the country.
SAP Agrees to Pay Over $230 Million to Settle Bribery Charges, US Authorities Say
German enterprise tech company SAP has agreed to pay more than $230 million to settle investigations into "recidivist" bribery practices in seven countries, US authorities said.
Joe Biden to Replace Trump-Era Rule That Makes It Easier to Classify Workers as Independent Contractors
The administration of President Joe Biden is set to release new guidelines that will provide additional protections to gig workers or independent contractors.
Radio and Podcast Giant Audacy Files for Bankruptcy Protection to Reduce Its Nearly $2 Billion Debt by 80%
US radio and podcast giant Audacy has filed for Chapter 11 bankruptcy protection to reduce the company's debt.
New York AG Now Wants Donald Trump to Be Banned From Doing Real Estate Business in the State for Life: Here's What to Know
New York Attorney General Letitia James has formally requested a court to prohibit former President Donald Trump from doing real estate business in the state for life.
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