OpenAI is facing a legal challenge in the United States after an insurance company accused the maker of ChatGPT of operating like an unlicensed attorney and helping a claimant revive a case that had already been settled. The complaint was filed in federal court in Chicago by Nippon Life Insurance Company of America, which alleges …
A fresh legal battle has erupted over the future of TikTok in the United States, with a new lawsuit seeking to unravel the approval granted by Donald Trump for a restructuring plan involving the platform’s Chinese parent company ByteDance. The complaint, filed by two California-based investors, asks a court to overturn the administration’s decision to …
TikTok Deal Faces Courtroom Storm as Investors Challenge Trump’s Approval Read More »
New York lawmakers are weighing a proposal that could sharply limit how artificial intelligence chatbots present themselves to users — particularly when it comes to offering professional advice. The legislation aims to stop AI systems from posing as licensed professionals such as attorneys, doctors, or therapists. If passed, it would prevent chatbots from delivering responses …
New York Moves to Rein in AI ‘Lawyers’ With Bill Allowing Users to Sue Chatbot Platforms Read More »
A dramatic shake-up has hit the administration of Donald Trump after the U.S. president dismissed Homeland Security Secretary Kristi Noem, ending months of mounting political pressure and internal turmoil surrounding the department. The decision came after a string of controversies that had steadily engulfed the Department of Homeland Security, including deadly encounters involving federal officers …
Trump Ousts Homeland Security Chief Kristi Noem as Controversies Mount Read More »
A U.S. federal appeals court has ruled that President Donald Trump holds the authority to suspend refugee admissions to the United States indefinitely, reinforcing a cornerstone of his administration’s tough immigration stance. The decision came from a three-judge panel of the United States Court of Appeals for the Ninth Circuit, which largely overturned earlier restrictions …
Court Greenlights Trump’s Power to Halt Refugee Program, Leaving Thousands in Limbo Read More »
A sweeping legal battle is unfolding in the United States after 24 states moved to block the latest round of global tariffs introduced by President Donald Trump, arguing that the administration is attempting to revive a trade policy already struck down by the country’s highest court. The coalition of states — led by Democratic leadership …
Tariff Showdown: Two Dozen U.S. States Challenge Trump’s New Global Import Duties Read More »
Equity markets in the United Arab Emirates stumbled again on Friday, extending a week of losses as investors reacted cautiously to the intensifying conflict unfolding across the Middle East. Trading resumed earlier in the week after exchanges paused operations for two days following a wave of missile and drone strikes launched by Iran over the …
Gulf Market Jitters Deepen as UAE Stocks Slide Further Amid Escalating Regional Tensions Read More »
Real estate heavyweight Aldar Properties says its sprawling operations across the United Arab Emirates are running smoothly, with communities, offices, retail centres and development projects continuing without disruption. The Abu Dhabi-based developer reported that activity across its residential neighbourhoods, commercial towers, logistics hubs, hotels, schools and retail destinations remains fully operational, underscoring the group’s operational …
Bahrain-based investment powerhouse Investcorp has secured more than $1.1 billion in commitments for its second GP-staking vehicle, a milestone that signals growing investor appetite for backing private-market managers themselves rather than just their funds. The capital was raised for Investcorp Strategic Capital Partners II (ISCP II) and related vehicles, which together gathered over $1.25 billion …
Investcorp’s GP Staking Strategy Gains Momentum as Second Fund Draws $1.1bn Read More »
Corporate bond markets across the Gulf are beginning to steady after an initial bout of turbulence triggered by the outbreak of conflict in the Middle East. Spreads that widened sharply in the early days of the crisis have started to narrow again, signalling a cautious return of investor confidence across the region’s credit markets. The …
Gulf Credit Markets Find Their Footing as War Jitters Fade Read More »
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