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Learning from Uber's 'Don't Call Me Karen' DEI Fiasco: A Lesson in Humility
In May, ride-hailing company Uber found itself at the center of controversy after a panel discussion titled "Don't Call Me Karen" (DCMK)....
Jun 26, 20232 min read


Hong Kong Developers Offer Low-Priced Homes Amidst Interest Rate Concerns
Developers in Hong Kong are releasing homes at price levels not seen in the past five years, offering an array of incentives to attract...
Jun 23, 20232 min read


Ukraine Signals Potential Shutdown of Gas Transit Route, Raising Concerns for European Supply
In an interview, Ukrainian Energy Minister German Galushchenko expressed doubts about the renewal of Ukraine's gas transit contract with...
Jun 23, 20233 min read


EU Commission's Proposal Aims to Tackle Tax Fraud and Simplify Withholding Tax Relief
The European Commission has put forth new regulations aimed at preventing financial traders from exploiting tax refunds and streamlining...
Jun 22, 20232 min read


Russia's Central Bank Governor Refutes Objective Reasons for Potential FATF Blacklisting
Elvira Nabiullina, the Governor of Russia's Central Bank, addressed concerns today regarding the potential inclusion of Russia on the...
Jun 22, 20232 min read


MONEYVAL Urges EU Countries to Strengthen Confiscation of Criminal Assets
EU countries have been cautioned by the Council of Europe's expert group MONEYVAL that they are not doing enough to confiscate criminal...
Jun 21, 20232 min read


Brazil Implements Overhaul of Transfer Pricing Rules, Embracing OECD Standards
Brazil has recently completed its legislative process to adopt transfer pricing rules based on the Organization for Economic Cooperation...
Jun 21, 20232 min read


Asia Retains Title as Most Expensive Region to Live in, Singapore Tops the List
According to the latest Global Wealth and Lifestyle report by Julius Baer, Asia remains the most expensive region to live in, with...
Jun 21, 20233 min read


Swiss Electorate Overwhelmingly Votes in Favor of OECD's Minimum Corporate Tax Rate
In a decisive national plebiscite held on June 18, the Swiss electorate voted in favor of adopting the OECD's pillar two framework for a...
Jun 20, 20232 min read


Chinese Banks Reduce Benchmark Interest Rates, but Doubts Remain about Their Impact
Chinese banks have lowered benchmark interest rates on loans to households and businesses as part of efforts to revive the country's...
Jun 20, 20232 min read


The Shift Away from the Dollar: Exploring De-Dollarization and its Implications
De-dollarization, the gradual shift away from using the US dollar in international transactions, has been a topic of discussion among...
Jun 20, 20233 min read


EU Introduces Carbon Border Adjustment Mechanism (CBAM) for Imports
The European Union (EU) is taking steps to address the impact of carbon emissions from imports outside its jurisdiction. The European...
Jun 19, 20232 min read


Emerging Risks in Payment Institutions: AML Concerns Highlighted by European Banking Authority
The European Banking Authority (EBA) has conducted a money laundering assessment of payment institutions and identified three main...
Jun 19, 20233 min read


Spotify Faces $5.4 Million Fine from Swedish DPA Over Data Access Handling
Swedish music streaming service Spotify has been hit with a fine of 58 million Swedish krona (equivalent to around $5.4 million) by...
Jun 16, 20232 min read


Mitigating Third-Party Cybersecurity Risks After Ransomware Attack on UK Corporations
A recent ransomware attack targeting several major UK corporations has once again highlighted the significant risks organizations face...
Jun 16, 20233 min read


Russia Explores Powers to Seize Western Assets and Restrict Exits - Concerns over Nationalization
Russia is taking steps to adopt powers that would allow it to seize assets of western companies and impose restrictions on their exit...
Jun 15, 20233 min read


Lack of Oversight at Nutanix Results in $11 Million Software Misuse and Legal Challenges
Cloud computing company Nutanix has faced significant consequences due to a lack of oversight of its employees handling vendor software,...
Jun 15, 20232 min read


UK Suspends 75% Windfall Tax on North Sea Oil and Gas Projects Amid Falling Energy Prices
The British government has announced changes to its windfall tax project, suspending the 75% marginal tax rate on revenues from oil and...
Jun 14, 20232 min read


EU Funds Huawei for Sensitive Research Projects Amidst Security Concerns
The European Union (EU) has allocated funding to Huawei, a Chinese technology group, to conduct advanced research on next-generation...
Jun 14, 20233 min read


CCO of Defunct Pharmacy Holding Company Found Guilty in Medicare fraud
Steven King, the chief compliance officer of A1C Holdings, a now-defunct pharmacy holding company, has been convicted of conspiracy to...
Jun 13, 20231 min read
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