Amazon asks Indian regulator to withdraw approval of $3.4 billion Future-Reliance asset sale
Aug 31, 2021 20:05 pm UTC| Law Economy
Amazon.com Inc has asked the Securities and Exchange Board of India (SEBI) to order withdrawal of conditional approval given to Future Groups $3.4 billion retail assets sale, citing a US Supreme Court ruling. Amazon...
Six Chinese banks dodge $150 million liability in Nike counterfeiting case
Aug 31, 2021 01:36 am UTC| Law Economy
The 2nd US Circuit Court of Appeals ruled that six Chinese banks werent liable for $150 million in sanctions due to the failure of Next Investments LLC to freeze the assets of hundreds of Nike counterfeiters. Next,...
Woori ruling signals clemency for other bank chiefs in misselling scandal
Aug 30, 2021 17:46 pm UTC| Law Economy
The Seoul Administrative Courts ruling nullifying a penalty for Woori Financial Group Chairman and CEO Sohn Tae-seung signals clemency for other chiefs of banks and other financial institutions blamed for private fund...
S. Korea hopes to cut 30 trillion won industrial accident losses in 2020 with new law
Aug 30, 2021 16:27 pm UTC| Law Economy
Industrial workplace accidents in South Korea cost 29 trillion won in 2020, up 8.5 percent on-year, which the country seeks to reduce with a new law heavily punishing employers for workplace disasters beginning next...
Chinese high court's ruling that cryptocurrency ‘not protected by law’ seen as setting precedent
Aug 24, 2021 03:52 am UTC| Law Digital Currency
Northern Shandong provinces high court ruled that cryptocurrency is not protected by law that could set a precedent for other Chinese courts now that investment and trading in digital assets are outlawed. The plaintiff...
Hundreds of cryptocurrency traders to sue Binance for millions lost due to outage
Aug 20, 2021 23:53 pm UTC| Digital Currency Law
Hundreds of cryptocurrency investors are expected to join arbitration proceedings against Binance to recover losses caused by the exchanges outage on May 19. That day, bitcoin and ethereum posted their highest one-day...
Judge rules Google infringed Sonos' 5 patents
Aug 15, 2021 21:30 pm UTC| Law Technology
Shares of wireless audio company Sonos Inc. jumped more than 5 percent in after-hours trading after US International Trade Commission (ITC) judge Charles Bullock found that search giant Google infringed its five...
Johannesburg in a time of darkness: Ivan Vladislavić’s new memoir reminds us of the city’s fragility
Economist Chris Richardson on an ‘ugly’ inflation result and the coming budget
Biden administration tells employers to stop shackling workers with ‘noncompete agreements’
Labour can afford to be far more ambitious with its economic policies – voters are on board
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects