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Sat, May 16, 2026 12:22 AM All times are UTC

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Australia's system of taxing alcohol is 'incoherent', but our research suggests a single tax rate isn't the answer

Apr 11, 2023 15:19 pm UTC| Business Law

The best word to describe the way Australia taxes alcoholic drinks is incoherent. It was the word used by the 2010 Henry Tax Review to describe a system in which some wine effectively faces no alcohol tax, expensive...

Johnson & Johnson offers $8.9 billion for settlement of talc cancer claims

Apr 09, 2023 23:11 pm UTC| Economy Business Law Health

Johnson Johnson offered $8.9 billion to settle years-old lawsuits claiming that its talcum powder products caused cancer. The New Jersey-based pharmaceutical giant described their proposal, which still needs a...

Race is closely tied to who gets bail — that's why we must tread carefully on bail reform

Apr 06, 2023 07:28 am UTC| Law

Over four decades ago on April 17, 1982 Queen Elizabeth signed the Constitution Act, which included the Canadian Charter of Rights and Freedoms. The Charter enshrined and therefore placed outside the reach of...

How the Online Streaming Act will support Canadian content

Apr 06, 2023 06:29 am UTC| Law

After two-and-a-half years of debate in Canadas Parliament, two proposed versions of the bill (C-10 and C-11) and careful scrutiny by the Senate, the Online Streaming Act is close to becoming law. Once it receives royal...

A public perp walk into a Manhattan courtroom could energize – not humiliate – Donald Trump

Apr 05, 2023 13:40 pm UTC| Law

Manhattan may be the scene of the perp walk of the century on April 4, 2023, when former President Donald Trump answers to his recent indictment and turns himself in to authorities in court. Trump has reportedly told...

Digital Currency Revolution

What Binance's US lawsuit says about the future for cryptocurrency regulation

Apr 05, 2023 13:07 pm UTC| Digital Currency Law

The worlds largest cryptocurrency exchange, Binance, has been hit with a lawsuit by US regulator the Commodity Futures Trading Commission (CFTC). This is not the first time a cryptocurrency exchange has been charged by a...

Panasonic-Sony display maker Joled Inc. files for court protection

Mar 28, 2023 23:59 pm UTC| Law Economy Business

Organic light-emitting diode display company Joled Inc. has filed for court protection with debt totaling 33.7 billion yen. The company will pull out of the display manufacturing business and close its factories in...

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Economy

UK Stocks Slide as Labour Leadership Tensions and U.S.-China Talks Shape Markets

British stocks closed lower on Friday as political uncertainty surrounding the U.K.s ruling Labour Party pressured investor sentiment and weakened the pound for a fourth straight session. The FTSE 100 dropped 0.61%, while...

Cuba Weighs $100M U.S. Aid Offer Amid Fuel Crisis

Cuba said Thursday it is open to considering a $100 million humanitarian aid proposal from the United States, though officials remain doubtful about President Donald Trumps broader intentions as the island struggles...

Asian Currencies Slide as Strong U.S. Data Boosts Dollar and Fed Rate Hike Expectations

Asian currencies weakened on Friday as stronger-than-expected U.S. economic data pushed the dollar higher and reinforced market expectations that the Federal Reserve could maintain a hawkish monetary policy stance through...

Japan Inflation Outlook: Firms Eye Summer Price Hikes Amid Rising Energy Costs

Japan could experience another wave of widespread price increases this summer as companies respond to surging energy costs linked to tensions in the Middle East, according to a Bank of Japan (BOJ) report released Friday....

US Expects China to Boost Purchases of American Farm Products After Trump-Xi Summit

The United States expects China to commit to purchasing double-digit billions worth of U.S. agricultural products following a high-level summit between President Donald Trump and Chinese President Xi Jinping in Beijing,...

Politics

Ukraine Begins Major POW Swap as 205 Soldiers Return from Russian Captivity

Ukraine has successfully brought home 205 service personnel from Russian captivity in the first phase of a large-scale prisoner exchange with Russia, President Volodymyr Zelenskiy confirmed on Friday. The operation marks a...

Matthew Wale Elected Solomon Islands Prime Minister After No-Confidence Vote

Matthew Wale has been elected as the new Prime Minister of the Solomon Islands after lawmakers voted out former leader Jeremiah Manele in a no-confidence motion last week. The Solomon Islands parliament selected Wale on...

Rubio Urges China to Release Jimmy Lai and Political Prisoners

U.S. Secretary of State Marco Rubio said the United States is seeking a positive response from China regarding repeated appeals for the release of jailed Hong Kong media tycoon Jimmy Lai and other political detainees....

US Hosts Israel-Lebanon Talks as Ceasefire Deadline Nears

The United States described the latest Israel-Lebanon talks in Washington as productive and positive as diplomats pushed to prevent renewed escalation ahead of a fragile ceasefire deadline. U.S. officials confirmed that...

Pentagon Halts Planned U.S. Troop Deployment to Poland Amid Europe Force Review

The Pentagon has reportedly canceled plans to temporarily deploy 4,000 U.S.-based troops to Poland, according to two U.S. officials, raising fresh concerns over the future of American military presence in Europe under...

Science

Trump Administration Releases New UFO Files and Apollo Mission Records

The U.S. Defense Department has released dozens of previously classified UFO-related files following an order from President Donald Trump, sparking renewed debate over unidentified anomalous phenomena (UAP) and government...

China vs. NASA: The New Moon Race and What's at Stake by 2030

The space race is back and this time, its a direct competition between the United States and China for dominance on the lunar surface. NASAs Artemis II mission recently made history when four astronauts flew farther into...

NASA Artemis II: First Crewed Moon Mission Since Apollo Takes Four Astronauts on 10-Day Lunar Journey

NASAs Artemis II mission launched Wednesday, marking humanitys return to crewed lunar exploration for the first time since the Apollo era. Carrying four astronauts aboard the Orion spacecraft, this historic 10-day mission...

NASA's Artemis II Mission: First Crewed Lunar Journey Since Apollo

NASA's Artemis II Crew Arrives in Florida for Historic Moon Mission

The four astronauts chosen for NASAs Artemis II mission have touched down at Kennedy Space Center in Florida, marking the beginning of final launch preparations for the first crewed lunar journey in over 50 years. NASA...

Technology

Applied Materials Forecasts Strong Q3 Revenue as AI Chip Demand Accelerates

Applied Materials posted record fiscal second-quarter revenue on Thursday and issued a stronger-than-expected forecast for the third quarter, fueled by rising global investment in artificial intelligence infrastructure and...

Anthropic Nears $30 Billion Funding Round at $900 Billion Valuation

AI startup Anthropic is reportedly close to securing a massive $30 billion fundraising deal that would value the company at approximately $900 billion, according to a Financial Times report published Friday. The new...

Nvidia’s China AI Chip Sales Remain Frozen Despite U.S. Approval

Nvidias efforts to expand AI chip sales in China remain stalled even after the U.S. approved several Chinese technology giants to purchase the companys H200 processors. Although around 10 Chinese firms, including Alibaba,...

Alibaba Stock Surges After Strong Q4 Earnings Boosted by AI and Cloud Growth

Alibaba Group Holding Ltd. (HK:9988) saw its Hong Kong-listed shares jump sharply on Thursday after the Chinese e-commerce and technology giant reported better-than-expected quarterly earnings driven by strong momentum in...

SoftBank Shares Slide Despite Record Q4 Profit Fueled by OpenAI Investment

SoftBank Group Corp. (TYO:9984) shares dropped sharply on Thursday despite the company reporting blockbuster fourth-quarter earnings, as investors grew increasingly concerned about the Japanese tech giants expanding...