Court Pushes U.S. Customs to Return Billions Collected Under Trump-Era Tariffs

Court Pushes U.S. Customs to Return Billions Collected Under Trump-Era Tariffs

A federal trade court has directed the U.S. government to begin refunding billions of dollars to importers who paid tariffs later ruled unlawful by the U.S. Supreme Court. The order places the responsibility on the U.S. Customs and Border Protection to calculate and return the money — with interest — potentially affecting hundreds of thousands …

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Global Law Under the Microscope as U.S. Strikes Rock Iran

Global Law Under the Microscope as U.S. Strikes Rock Iran

The recent wave of American military strikes on Iran—conducted alongside Israel—has ignited a fierce legal debate across capitals and courtrooms alike. With more than a thousand targets reportedly hit and several senior Iranian figures killed, the question now being asked by analysts and constitutional scholars is simple yet profound: were these attacks lawful? Among those …

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$110 Billion Bet: OpenAI Pulls in Amazon, Nvidia and SoftBank as AI Arms Race Intensifies

$110 Billion Bet: OpenAI Pulls in Amazon, Nvidia and SoftBank as AI Arms Race Intensifies

The money flooding into artificial intelligence just found a new high-water mark. OpenAI has unveiled a staggering $110 billion fundraising round that places an $840 billion valuation on the company behind ChatGPT — a signal that the AI boom is no passing storm but a full-blown climate shift in global tech. The financing is anchored …

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Africa’s Dollar Window Swings Open as Côte d’Ivoire and Kenya Test Investor Appetite

Africa’s Dollar Window Swings Open as Côte d’Ivoire and Kenya Test Investor Appetite

The US dollar is flowing again toward Africa’s sovereign borrowers. After a muted opening to the year — with only Benin and the Republic of the Congo venturing into public markets, and Cameroon opting for a private placement later upsized — momentum has returned. Côte d’Ivoire and Kenya stepped forward last week, seizing a market …

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Desert Demand: Qatar Islamic Bank Draws $1.6 Billion for $750M Sukuk

Desert Demand: Qatar Islamic Bank Draws $1.6 Billion for $750M Sukuk

Qatar Islamic Bank has tapped global debt markets with a $750 million five-year senior unsecured sukuk, pricing the issue at par and tightening guidance after robust investor demand. The Islamic lender fixed the spread at 80 basis points over U.S. Treasuries, delivering a profit rate of 4.402%. Early pricing whispers had circled closer to 115 …

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Desert Demand: Abu Dhabi Pulls In $3 Billion as Bond Buyers Squeeze Spreads

Desert Demand: Abu Dhabi Pulls In $3 Billion as Bond Buyers Squeeze Spreads

Investor appetite came in hot — and left pricing lean. Abu Dhabi returned to global debt markets with a $3 billion dual-tranche bond, and buyers wasted little time circling the deal. Orders at one point swelled past $11 billion before books settled at launch with $4.3 billion allocated to the five-year notes and $5.6 billion …

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High-Stakes Wagers Move From Trading Screens to Courtrooms

High-Stakes Wagers Move From Trading Screens to Courtrooms

The business of betting on the future is now itself the subject of a legal gamble. Prediction-market platform Kalshi has enlisted former U.S. solicitor general Neal Katyal as it battles state regulators determined to rein in its fast-expanding event-contracts model. Katyal, now a leading Supreme Court advocate at Milbank, appeared this week in litigation challenging …

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After Tariff Shockwave, Customers Turn on FedEx for Their Money Back

After Tariff Shockwave, Customers Turn on FedEx for Their Money Back

The legal aftershocks of a blockbuster U.S. Supreme Court ruling are now rattling the shipping lanes. A proposed class action filed in federal court in Miami accuses FedEx of holding onto tariff-related payments that customers say never should have been collected in the first place. The lawsuit follows a 6–3 decision by the U.S. Supreme …

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A Court Draws a Line: Minnesota Refugees Shielded From Federal Sweep

A Court Draws a Line: Minnesota Refugees Shielded From Federal Sweep

A federal courtroom in Minneapolis became the setting for a sharp rebuke of a new immigration crackdown, as a judge blocked the Trump administration from arresting thousands of refugees living in Minnesota. U.S. District Judge John Tunheim issued a preliminary injunction preventing federal authorities from detaining refugees solely because they have not yet secured lawful …

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