Business news centers on governments and courts reshaping the rules around labor, trade and corporate accountability. Legal challenges to Trump immigration policies, a major gig-economy settlement, and state intervention in energy and investment disputes all point to how policy d...
Business news centers on governments and courts reshaping the rules around labor, trade and corporate accountability. Legal challenges to Trump immigration policies, a major gig-economy settlement, and state intervention in energy and investment disputes all point to how policy decisions are driving costs and market risk.
Lyft agrees to pay $272.5 million to settle California claims that it misclassified rideshare drivers as independent contractors instead of employees. The case ties that classification to alleged wage theft and addresses how drivers were paid, marking another large financial consequence for gig-economy companies facing scrutiny over worker status.
The Supreme Court agrees to review President Donald Trump’s mandatory immigration detention policy in a case that could clarify whether detainees awaiting deportation are entitled to bond hearings after long periods in custody. The decision sets up a high-stakes test of executive immigration powers and the rights of people held for extended stretches.
A second federal judge blocks a Trump administration plan to charge $100,000 for new H-1B visa recipients, ruling that the policy cannot take effect because required rulemaking procedures were not completed. The decision adds another legal obstacle to an immigration measure with potentially significant implications for employers that rely on skilled foreign workers.
The Trump administration presses France and Germany to release diesel from emergency reserves and warns that the United States could curb U.S. diesel exports if the fuel is not made available. Washington has asked the European Union to release about 120 million barrels over six months, escalating pressure over fuel supply and transatlantic energy coordination.
An international tribunal orders South Korea to pay Elliott Investment Management $48.49 million over losses tied to the 2015 merger of two Samsung affiliates. The ruling finds a causal link between government action surrounding the merger’s approval and Elliott’s losses, extending the long-running fallout from one of the country’s most contentious corporate deals.
India’s gross GST collections rise 14.7% from a year earlier to Rs 2.04 lakh crore in September, topping Rs 2 lakh crore for a third straight month. Net GST revenue increases 18.1% to Rs 1.77 lakh crore, underscoring resilient tax intake and giving a fresh read on the strength of economic activity and government revenues.
Top Business stories
- Second judge blocks Trump’s $100,000 H-1B fee pending required rulemaking (9 sources)
- Supreme Court to review Trump mandatory detention and bond hearing eligibility (7 sources)
- U.S. presses France and Germany to release diesel reserves or face export ban (6 sources)
- Netanyahu says Israel will probe co-pilot behind foiled flydubai crash attempt (6 sources)
- India’s GST collections rise 14.7% to cross Rs 2 lakh crore in September (5 sources)
- Yankees beat Red Sox 9-2 in Game 2 to sweep AL Wild Card (5 sources)
- Lyft agrees to pay $272.5 million in California driver misclassification settlement (5 sources)
- Illinois delays 0.2% crypto tax as lawsuit continues (4 sources)
Paige Turner
Author at IfHighLow
