Corporate news, financial markets, and economic trends
The JUVE Handbook 2024/2025, a leading publication regarding the German legal landscape, has highlighted Gibson Dunn by placing it in the very best law firms in the country. Specifically, it praises the German offices for being particularly strong in the sensitive areas of Antitrust, Corporate Law, M&A (Mergers & Acquisitions), and Compliance, focusing on high-value…
A historic announcement by the Federal Housing Finance Agency revealed several policy changes on appraisal flexibility, loan repurchase alternatives, and advance pricing notifications as part of FHFA efforts to further achieve accessibility in homeownership as well as reduce lender risks. FHFA can now enable more uses for appraisal waivers, from allowing an 80 percent traditional…
The “Future Made in Australia” is an ambitious multibillion-dollar investment program by Australia to develop homegrown innovation, high-quality jobs, and to make the nation a global leader in renewable energy and advanced manufacturing. The government of Prime Minister Anthony Albanese is the lead entity for this initiative, and it focuses on economic resilience and sustainability…
Mexico recently voiced its concerns over a proposed U.S. ban on Chinese car technology, which might cause ripples in North America’s complex automotive supply chain. The ban is motivated by national security concerns that will ban key Chinese software and hardware in vehicles sold in the U.S., and it will affect not only Chinese automakers…
Recently, comments by Elon Musk on his immigration journey have shed new light on his rather complicated path toward U.S. citizenship.Born in South Africa, Musk relocated to Canada in 1988 thanks to his mother’s Canadian citizenship. In 1992, he came to the US to study at the University of Pennsylvania. Musk has criticized the U.S….
Elon Musk’s complicated history of immigration does raise significant questions about consistency and fairness in the US immigration system. Born in South Africa, Musk lived in Canada before immigrating to the United States and becoming one of the best-known tech entrepreneurs. The most controversial part of Musk’s past is that the immigration status during early…
Delta Air Lines is suing cybersecurity company CrowdStrike following the tech failure in July that resulted in thousands of canceled flights, reportedly to the tune of over half a billion dollars in revenue and operational costs for Delta. The glitch, said to have been caused by the defective software update from CrowdStrike, also affected Delta…
Back in the spotlight as one of the leading safe-haven investments, gold prices are on their way to posting weekly gains, following the latest escalation of tensions in the Middle East and the release of further unclear statements by both Israel and Hezbollah. As the investor seeks refuge with the yellow metal, its price is…
During autumn 2024, the Canadian economy continues to navigate a complex landscape of high inflation, elevated interest rates, and global uncertainties. In Canada, fears of recession began to rise again in most economies, but Canada bypassed it though growth remains tepid and uneven across sectors. For instance, another fundamental development is that of moderation in…
Global finance is changing at a fast rate, and in the midst of this change is the effort to make cross-border payments speedier, safer, and cheaper. The demand for real-time payments augments the need to modernize infrastructure, and thus financial institutions face pretty stiff pressure. These financial institutions utilize state-of-the-art technology like blockchain, AI, and…
