Samsung Heavy faces $480 million countersuit by INPEX in central processing facility deal

Jun 09, 2021 05:15 am UTC| Law Economy Business

Japanese oil and developer INPEX has countersued South Koreas Samsung Heavy Industries Co. for $480 million after the latter filed a complaint against it in April for not paying the rest of the contract amount. Samsung...

Congress considers future of the military draft, while Supreme Court holds off

Jun 08, 2021 12:15 pm UTC| Politics Law

The Supreme Court has declined to hear arguments in the case of National Coalition for Men v. Selective Service System. In doing so, it acceded to the Biden administrations wishes that it not address the question of...

Toyota settles with family of bullied engineer who committed work-related suicide

Jun 08, 2021 00:13 am UTC| Economy Business Law Life

Toyota Motor Corp has settled with the family of an engineer whose suicide in 2017 was ruled to have been a regional labor bureau as job-related as it was caused by harassment from his boss. The amount of compensation...

G7 tax deal: if you think multinationals will be forced to pay more, you don't understand tax avoidance

Jun 08, 2021 00:12 am UTC| Economy Law

Finance ministers in London from the G7 group of wealthy nations have agreed a deal that has been described invariably as a landmark that will transform the landscape of global corporate tax. Although details are somewhat...

China Crisis Series

Why politicians should be wary of publicly pursuing the Wuhan lab-leak investigation

Jun 07, 2021 23:43 pm UTC| Politics Law

The theory that SARS-CoV-2 originally leaked out of a laboratory in Wuhan, China, is making a comeback so much so that President Joe Biden has publicly ordered the US intelligence community to redouble its investigations...

Nigeria’s Twitter ban could backfire, hurting the economy and democracy

Jun 07, 2021 09:41 am UTC| Politics Law

Nigerias decision to suspend Twitter indefinitely could backfire for the government and cost the country economically in terms of new investments into its technology sector. The Nigerian government suspended Twitter on...

South Korea arrests 34 by profiting from insider info in land speculation scandal

Jun 04, 2021 08:15 am UTC| Economy Business Law

South Korean authorities have arrested 34 people and referred 529 more to prosecution into allegations that they profited from insider information as public employees and officials in a land speculation scandal. The...