Sharjah Taps China Market, Nets $280 Million via Panda Bond

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Sharjah Taps China Market, Nets $280 Million via Panda Bond

Sharjah has successfully raised 2 billion renminbi—roughly $280 million—through a three-year Panda bond, marking another strategic move into China’s domestic debt market. While the final interest rate remains under wraps, early indications on Monday suggested pricing in the 2.5%–3.2% range. The bond was led by Bank of China, with Credit Agricole (China), JP Morgan Chase …

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AI Users Take Microsoft to Court Over OpenAI Cloud Deal

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AI Users Take Microsoft to Court Over OpenAI Cloud Deal

A fresh legal storm has hit Microsoft, as a group of consumers in San Francisco federal court allege the tech titan manipulated the AI market to inflate prices for ChatGPT. The proposed class action claims Microsoft leveraged its exclusive cloud computing agreement with OpenAI to control access to the computational resources that power the popular …

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Trump Taps R&D Funds to Keep Troops Paid Amid Shutdown Standoff

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Trump Taps R&D Funds to Keep Troops Paid Amid Shutdown Standoff

As the federal government shutdown drags into its 11th day, the Trump administration has unveiled a stopgap plan to ensure military personnel continue receiving paychecks. The president announced on Truth Social that he is directing Secretary of War Pete Hegseth to mobilize “all available funds” to pay troops on October 15. Though specifics on the …

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Google Warns Australia’s Teen Social Media Ban Is a Digital Mirage

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Google Warns Australia’s Teen Social Media Ban Is a Digital Mirage

Alphabet’s Google has sounded alarms over Australia’s upcoming ban on social media use for anyone under 16, arguing the measure may prove more symbolic than effective — and could backfire. During a parliamentary hearing in Sydney, Google representatives said the law, which takes effect in December, would be “extremely difficult to enforce” and unlikely to …

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Supreme Court to Weigh Louisiana Map in Case That Could Rewrite the Future of the Voting Rights Act

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Supreme Court to Weigh Louisiana Map in Case That Could Rewrite the Future of the Voting Rights Act

The Voting Rights Act, a cornerstone of American democracy for six decades, stands once again before the U.S. Supreme Court — this time facing one of its most consequential tests yet. On Wednesday, the justices will hear a Republican-backed challenge centered on Louisiana’s congressional map, a case that could dramatically weaken protections designed to shield …

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Sharjah Sets Sights on China’s Bond Market Again

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Sharjah Sets Sights on China’s Bond Market Again

The Government of Sharjah is signaling a return to China’s Panda bond market, having officially appointed banks for a potential issuance. The emirate’s Finance Department, carrying ratings of Ba1/BBB–/AAA from Moody’s, S&P, and Lianhe, has tapped a mix of local and international banks to lead the effort. Bank of China will take the helm as …

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Oman Locks in $1 Billion Sukuk at Sharper Yield Than Initial Hints

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Oman Locks in $1 Billion Sukuk at Sharper Yield Than Initial Hints

Oman has successfully priced a $1 billion seven-year USD sukuk at 4.525%, narrowing the gap over U.S. Treasuries to 60 basis points from earlier expectations of around 95 basis points. The deal, structured under Sukuk Al-Ijara, follows Rule 144A / 3(c)(7) and Regulation S Category 2 guidelines, and is set to trade on the London …

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Ivy League vs. Billable Hours: Universities Challenge Lawyers’ Funding in Antitrust Battle

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Ivy League vs. Billable Hours: Universities Challenge Lawyers’ Funding in Antitrust Battle

Elite U.S. universities embroiled in a sprawling antitrust lawsuit are zeroing in on the financial backers of the plaintiffs’ law firm, turning a routine class certification fight into a courtroom clash over the influence of third-party funding. At the center of the storm is Gilbert Litigators & Counselors (GLC), a law firm representing over 200,000 …

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Judge Throws Out Drake’s Defamation Battle Over Kendrick Lamar Diss Track

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Judge Throws Out Drake’s Defamation Battle Over Kendrick Lamar Diss Track

A Manhattan federal court has closed the chapter on Drake’s legal fight over Kendrick Lamar’s track “Not Like Us.” U.S. District Judge Jeannette Vargas ruled that Lamar’s lyrics, which called Drake a pedophile, are considered “nonactionable opinion” and therefore not defamatory. Judge Vargas emphasized that, in the heat of a rap feud filled with provocative …

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Senate Panel Greenlights Two Trump Picks for NLRB, Third Nominee Left Hanging

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Senate Panel Greenlights Two Trump Picks for NLRB, Third Nominee Left Hanging

In a move that could reshape the nation’s labor landscape, a Republican-controlled Senate committee on Thursday approved two of President Trump’s nominees for key roles at the National Labor Relations Board, leaving a third nomination in limbo. The Health, Education, Labor and Pensions Committee narrowly voted 12-11 to advance retired NLRB attorney James Murphy for …

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