Legal & Regulatory

World's First-Ever AI Law Now Enforced in Europe, Targeting US Tech Giants

World's First-Ever AI Law Now Enforced in Europe, Targeting US Tech Giants

The European Union's new AI Act, effective August 1, 2024, introduces strict regulations for AI technologies, impacting major U.S. tech companies with its comprehensive framework and penalties for non-compliance.


Jimmy 'MrBeast' Donaldson Apologizes for 'Inappropriate Language' in Early Career

Jimmy Donaldson, known for his YouTube screen name ‘MrBeast,’ admitted to the ‘inappropriate language’ he uttered in his early career, but stayed silent regarding the allegations regarding fraudulent corporate practices and questionable work ethics surrounding him and his team.

TikTok HQ in Singapore Reports Food Poisoning Incident After 60 Staff Fell Ill

Dozens of ByteDance employees in Singapore were hospitalized for severe food poisoning, prompting an investigation by health officials into the third-party catering service used by the company.

Citi Bank Breaches Fed Rule and Admits to Errors in Financial Reporting

Citigroup has repeatedly violated Regulation W, a U.S. Federal Reserve rule meant to limit risky intercompany transactions, leading to errors in its liquidity reporting.


Latest News

US to Announce Additional $500 Million Defense Boost to Philippines
US Secretary of State Antony Blinken and Defense Secretary Lloyd Austin are in Manila this week to announce a $500 million defense funding to help the Philippines in its deterrence against China.
Delta Demands Compensation for Microsoft Cyber Outage
Delta Airlines has hired David Boies, prominent attorney and chair of law firm Boies Schiller Flexner, in order to seek damages from CrowdStrike and Microsoft after an outage this month that caused millions of computers to crash, including those in airports.
MrBeast's Trans Collaborator Fired Over Grooming Allegations; Jimmy Donaldson Criticized for Amazon Prime Production
MrBeast, the 300-million-subscriber YouTube channel and media company behind it, has been under fire in recent days due to double allegations directed at its founding co-presenters, Jimmy Donaldson and Ava Kris Tyson, regarding its questionable work ethics and predatory sexual behavior, respectively.
Bill Ackman's Firm Pershing Square Postpones Public Listing
Billionaire investor Bill Ackman’s firm Pershing Square announced that it was postponing its initial public offering, saying that there was an ‘enormous sensitivity’ to the size of the transaction.
American Airlines Offers $4.2 Billion in Pay Increase for Flight Attendants to Avoid Strike
American Airlines agreed to allot $4.2 billion worth in pay and benefits to its flight attendants after agreeing on a tentative deal.
Journalists of Australian Newspapers Begin Strike vs. Nine Network Hours Before Paris Olympics
Hundreds of newspaper journalists of Australian commercial media outlet Nine began its nationwide five-day strike to oppose a pay offer from company management while the media firm is set to broadcast the Paris Olympics.
SpaceX Reveals Cause of Recent Falcon 9 Flight Failure, Looks to Return to Flight by July 27
SpaceX said that it identified and fixed the problem that caused a failure in its Falcon 9 rocket in a launch earlier this month after announcing it has filed a mishap report to the FAA.
uber lyft
Under Prop 22, drivers for Uber and Lyft are not entitled to benefits such as overtime pay and paid sick leave.
Manhattan Gemstone Dealer Charged for Diamond Fraud
Manhattan-based diamond dealer Manashe Sezanayev has been charged for alleged fraudulent practices against fellow jewelry merchants.
Maersk Agrees to Settlement with US Labor Department After Firing Whistleblower
Maersk Line agreed to a settlement offered by the US Labor Department in relation to an alleged retaliatory termination of a container ship seaman who revealed questionable practices and potential safety concerns onboard the company’s vessels.
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