White House Clash Pushes IRS’s Top Tax Lawyer Out of His Role

White House Clash Pushes IRS’s Top Tax Lawyer Out of His Role

Ken Kies, one of the administration’s most senior tax officials, is expected to leave his position after resisting White House pressure over taxpayer audits, according to people familiar with the matter. Kies, who serves as acting chief counsel of the Internal Revenue Service and as an assistant secretary at the Treasury Department, reportedly told administration …

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20 States Rally Behind D.C. Authority to Discipline Trump Ally Jeffrey Clark

20 States Rally Behind D.C. Authority to Discipline Trump Ally Jeffrey Clark

Twenty U.S. states, including California and New York, have thrown their support behind the District of Columbia’s authority to discipline former Justice Department official Jeffrey Clark, urging a federal court to reject the Trump administration’s challenge to the proceedings. The administration filed a lawsuit in May seeking to halt efforts by Washington’s attorney-discipline authorities to …

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Judge Declines to Halt Meta Layoffs as Workers Challenge Alleged AI-Driven Discrimination

Judge Declines to Halt Meta Layoffs as Workers Challenge Alleged AI-Driven Discrimination

A U.S. federal judge has refused to temporarily stop Meta Platforms from proceeding with layoffs involving 26 employees who allege that artificial intelligence tools helped target them for termination because of disabilities or periods of medical leave. U.S. District Judge William Orrick in Oakland, California, said the employees had not demonstrated the kind of immediate, …

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Federal Judge Blocks Trump Administration’s Bid to Cancel Grants Over Shifting Policy Priorities

Federal Judge Blocks Trump Administration’s Bid to Cancel Grants Over Shifting Policy Priorities

A federal judge in Boston has ruled that the Trump administration cannot terminate billions of dollars in already-approved grants simply because the projects no longer fit with the president’s policy agenda. U.S. District Judge Indira Talwani sided with 23 Democratic-led states and the District of Columbia, which challenged the administration’s use of a regulation issued …

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US Appeals Court Invalidates New Jersey Ban on AR-15s, Large-Capacity Magazines

US Appeals Court Invalidates New Jersey Ban on AR-15s, Large-Capacity Magazines

A federal appeals court has struck down New Jersey’s ban on assault weapons, ruling that restrictions on semiautomatic rifles such as the AR-15, along with magazines holding more than 10 rounds, violate the Second Amendment of the US Constitution. The decision by the 3rd U.S. Circuit Court of Appeals in Philadelphia marks the first instance …

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UAE Capital Markets Break New Ground as ADX Opens Trading Aboard a Moving Train

UAE Capital Markets Break New Ground as ADX Opens Trading Aboard a Moving Train

ABU DHABI: The Abu Dhabi Securities Exchange (ADX) has staged a first for global financial markets by holding its opening bell ceremony aboard a moving passenger train, turning an Etihad Rail service between Abu Dhabi and Fujairah into an unconventional trading venue. The event marked the latest expansion of ADX’s derivatives market, coinciding with the …

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Egypt’s Foreign Currency Reserves Reach Unprecedented $55 Billion Milestone

Egypt’s Foreign Currency Reserves Reach Unprecedented $55 Billion Milestone

Egypt has recorded its highest-ever level of net foreign currency reserves, with the total surpassing the $55 billion mark at the close of June, marking a significant milestone for the country’s economy. Prime Minister Dr. Mostafa Madbouly announced the achievement during the government’s weekly press briefing, referencing the latest figures released by the Central Bank …

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Cyberattack Fallout: WilmerHale Faces Class Action Over Alleged Exposure of Personal Data

Cyberattack Fallout: WilmerHale Faces Class Action Over Alleged Exposure of Personal Data

A major U.S. law firm, WilmerHale, is facing a proposed class action in a federal court in Washington, D.C., after a cybersecurity incident allegedly exposed sensitive personal information belonging to clients and others connected to the firm. The lawsuit, filed by Nevada resident Jason Perry, claims the firm failed to implement adequate safeguards to protect …

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Goldman’s Former Top Lawyer Defends Epstein Ties, Says She Would Have Alerted Authorities Had She Known of Abuse

Goldman’s Former Top Lawyer Defends Epstein Ties, Says She Would Have Alerted Authorities Had She Known of Abuse

Former Goldman Sachs chief legal officer Kathryn Ruemmler told members of a U.S. congressional committee that she would have immediately informed law enforcement if she had known Jeffrey Epstein was abusing women or girls, insisting she never witnessed any indication of criminal conduct during the period she interacted with him. Ruemmler appeared before the House …

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New York Times Challenges Grand Jury Subpoenas Targeting Journalists Over Air Force One Story

New York Times Challenges Grand Jury Subpoenas Targeting Journalists Over Air Force One Story

The *New York Times* has moved a federal court to quash grand jury subpoenas issued to three of its reporters, arguing that the legal action is an attempt to retaliate against the newspaper for its reporting on President Donald Trump’s newly acquired Air Force One aircraft, donated by Qatar. The subpoenas were issued by the …

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