Ruling removes sovereign immunity defense for Cuban firms under Helms-Burton Act, allowing Exxon to pursue seized assets. The U.S. Supreme Court ruled 6-3 that Cuban state-owned firms cannot invoke foreign sovereign immunity in lawsuits under the 1996 Helms-Burton Act. The
Lawsuit alleges major gas station operators used AI tools to inflate prices by up to 30 cents per gallon, costing drivers $134 million annually per cent increase. California drivers filed a class-action lawsuit against BP, Marathon, Walmart, and other gas station operators
Quick Read - Cheniere Energy has dropped 23% from its March peak despite U.S. LNG now supplying nearly 60% of Europe's imported gas needs. - Europe's gas storage sits roughly 140 LNG cargoes below normal safety levels, making a cold winter a stronger recovery catalyst than
A 60-day US sanctions waiver for Iranian oil exports triggers sharp price declines amid rising Strait of Hormuz flows. Oil prices dropped sharply after the US granted a 60-day waiver permitting Iranian oil exports, adding to supply pressures. ICE Brent crude settled 3.3% l
In Clarity Act's final weeks, its path through U.S. Senate not getting much clearer Tough negotiations linger in several difficult arenas, but crypto's Washington lobbyists are flying in allies this week and still hoping for a July vote. - At least four major boxes still n
Equities retreat amid tech unwinding, with South Korea’s Kospi plunging 10% despite a 95% year-to-date gain. US stocks opened sharply lower as a tech-led selloff erased recent gains, with the S&P 500 and Nasdaq poised for significant declines. The unwinding of tech investm
Iran agrees to long-term nuclear inspections, prompting the U.S. to ease restrictions on Hormuz Strait ship traffic under escrow-controlled sanctions relief. President Donald Trump announced the U.S. will allow the Strait of Hormuz to remain open without a naval blockade f
US President claims Iran accepted stringent nuclear inspections, easing tensions and allowing Hormuz Strait to remain open. US President Donald Trump stated Iran has agreed to the highest level of nuclear inspections extending far into the future. He linked the concession
Iran announces agreement with U.S. to unlock $12 billion in frozen funds, easing financial restrictions amid diplomatic talks. The United States has agreed to unblock $12 billion in frozen Iranian assets, Iran’s top negotiator said Tuesday. The move follows recent talks in
Draft revisions to China’s Certified Public Accountants Law propose fines up to 10x illicit gains and stricter penalties for audit misconduct. China is set to impose stricter penalties on auditors involved in financial fraud, targeting falsified financial statements. A rev
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