US Can Seize Russian Oligarch’s Private Jets, Court Rules Micaela Burrow on June 6, 2022 A U.S. federal judge issued warrants on Monday to seize two private jets, together valued …
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Financial News
U.S. Supreme Court rules Southwest Airlines cannot force wage suit into arbitration
by Reutersby ReutersBy Daniel Wiessner (Reuters) – Southwest Airlines Co cannot force a baggage handler’s class action lawsuit over overtime pay into private arbitration, the U.S. Supreme Court ruled on Monday in …
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Uber loses appeal as top Swiss court rules company is an employer
by Reutersby ReutersZURICH – Switzerland’s top court upheld a ruling that ride-hailing company Uber should be treated as an employer, dismissing the company’s attempt to overturn a Geneva court’s verdict. “According to …
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Tech firms say India cyber rules risk creating ‘environment of fear’
by Reutersby ReutersBy Munsif Vengattil NEW DELHI – Indian cybersecurity rules due to come into force later this month will create an “environment of fear rather than trust”, a body representing top …
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Colombia higher court rules fracking pilot projects can go ahead
by Reutersby ReutersBOGOTA – Investigative fracking operations in Colombia can go ahead after a court in the Andean country’s Santander province on Thursday reversed a lower court’s decision to block two pilot …
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EXCLUSIVE: Dem Senator’s Alleged Violation Of Stock Disclosure Rules Has Watchdogs Worried
EXCLUSIVE: Dem Senator’s Alleged Violation Of Stock Disclosure Rules Has Watchdogs Worried Gabe Kaminsky on June 1, 2022 Democratic Colorado Sen. John Hickenlooper recently disclosed asset trades potentially worth over …
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Financial News
China’s draft cybersecurity rules pose risks for financial firms, lobby group warns
by Reutersby ReutersBy Selena Li HONG KONG – China’s proposed cybersecurity rules for financial firms could pose risks to operations of western companies by making their data vulnerable to hacking, among other …
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Financial News
YouTube could be liable for unauthorised uploads if slow to act, German court rules
by Reutersby ReutersBERLIN – Google’s YouTube and other platforms could have to pay copyright damages over unauthorised uploads even if the content was put online by a third party, Germany’s top court …
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Financial News
China banks appeal for relaxation of documentation rules to ease funds flow-sources
by Reutersby ReutersBy Engen Tham and Winni Zhou SHANGHAI – Banks in China are urging regulators to relax rigid documentation rules as companies there have not been able to fulfill them due …
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‘Unprecedented Level Of Federal Overreach’: 16 Governors Urge Biden To Rescind Costly Wall Street Climate Rules
‘Unprecedented Level Of Federal Overreach’: 16 Governors Urge Biden To Rescind Costly Wall Street Climate Rules Thomas Catenacci on May 31, 2022 A coalition of 16 Republican governors sent a …
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By Huw Jones LONDON – Global regulators said on Tuesday they will complete work by year end on how much capital banks should hold to cover cryptoassets on their books. …
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ROME – UniCredit Chief Executive Andrea Orcel ruled out on Tuesday that talks with Italy’s Treasury over the sale of state-owned bank Monte dei Paschi di Siena could resume. “The …
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First steps in reforming global health emergency rules adopted at WHO meeting – U.S
by Reutersby ReutersGENEVA – Countries around the world on Saturday adopted an initial U.S.-led reform of the rules around disease outbreaks, known as the International Health Regulations (IHR), the United States said. …
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First steps in reforming global health emergency rules agreed at WHO meeting – sources
by Reutersby ReutersBy Emma Farge GENEVA – Countries have agreed to an initial U.S.-led push to reform of the rules around disease outbreaks, known as the International Health Regulations, after early opposition …
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Financial News
VTB says Russian banks could get $52 billion boost if country ditches Basel rules
by Reutersby Reuters(Reuters) – Russia’s banks could get a 3.3 trillion rouble ($52 billion)capital boost if the central bank ditches Basel capital requirements, the head of VTB Bank Andrey Kostin said on …
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Exxon must face Massachusetts climate change lawsuit, court rules
by Reutersby ReutersBy Nate Raymond BOSTON -Massachusetts’ high court on Tuesday unanimously rejected Exxon Mobil Corp’s bid to dismiss a lawsuit by the state’s attorney general accusing the oil company of misleading …
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EU Commission to propose keeping fiscal rules suspended in 2023-officials
by Reutersby ReutersBRUSSELS – The European Commission is likely to propose on Monday keeping EU curbs on government borrowing suspended in 2023 amid great economic uncertainty and a sharp slowdown in growth …
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Kansas’ new Republican-drawn congressional map is legal, court rules
by Reutersby ReutersBy Joseph Ax (Reuters) – Kansas’ new Republican-backed congressional map does not violate the state constitution, the state’s top court ruled on Wednesday, a decision that could endanger the state’s …
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Japan set to allow foreign Toshiba bids if they comply with security rules
by Reutersby ReutersBy Tim Kelly and Kaori Kaneko TOKYO – Japan will not block foreign investors from buying industrial giants such as Toshiba Corp provided they comply with rules that govern the …
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Big Business Wins Again: Biden Climate Rules Will Hurt Small Companies Most
Big Business Wins Again: Biden Climate Rules Will Hurt Small Companies Most Thomas Catenacci on May 17, 2022 America’s top financial regulator issued climate disclosure rules that are more burdensome …
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FDA To Relax Baby Formula Import Rules Amid Shortage Laurel Duggan on May 17, 2022 The Food and Drug Administration (FDA) is relaxing import rules for baby formula amid a …
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LAGOS – Nigeria’s markets regulator has published a set of regulations for digital assets, signalling Africa’s most populous country is trying to find a middle ground between an outright ban …
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EXCLUSIVE: Ethics Group Alleges Dem Rep Exploited COVID Rules To Campaign For Governor
EXCLUSIVE: Ethics Group Alleges Dem Rep Exploited COVID Rules To Campaign For Governor Sebastian Hughes on May 13, 2022 A watchdog group will file a complaint against Florida Democratic Rep. …
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Financial News
BOJ official rules out policy tweak to counter weak yen-April mtg summary
by Reutersby ReutersBy Leika Kihara TOKYO -A Bank of Japan policymaker said it was inappropriate to change monetary policy for the purpose of controlling exchange rates, a summary of opinions at the …
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China regulator publishes internal control rules for wealth management companies
by Reutersby ReutersSHANGHAI – China’s banking and insurance regulator on Friday published draft rules regulating internal control and management at wealth management companies. Such rules included that wealth management companies should not …