The Trump administration has launched audits of immigration cases involving U.S. citizens of Somali origin to identify potential fraud that could lead to denaturalization, officials said on Tuesday. Homeland Security Assistant Secretary Tricia McLaughlin stated that U.S. law allows revocation of citizenship if it was obtained fraudulently, noting that such cases are rare and typically take years to resolve. According to the Immigrant Legal Resource Center, an average of about 11 denaturalization cases were pursued annually between 1990...
KPMG Australia said on Monday it would cut about 5% of its workforce, affecting 27 partners and around 360 employees, as the accounting firm faces the fallout from a scandal involving the misuse of...
New Zealand Prime Minister Christopher Luxon said on Monday that his party will introduce legislation seeking to ban children under 16 from using social media, with platforms facing fines of up to 10% of...
Alibaba shares fell sharply in Hong Kong on Monday after the Chinese e-commerce and cloud computing giant launched a $10.2 billion share sale to finance its artificial intelligence ambitions. The company is offering HK$80...
Nvidia is reportedly in discussions to invest in AI search startup Perplexity as part of a funding round that would value the company at more than $30 billion, according to The Information. The potential...
Online fast-fashion giant Shein is seeking to raise up to HK$13.86 billion ($1.77 billion) through its Hong Kong IPO, valuing the company at nearly $27 billion—about 70% below its $100 billion private-market peak in...
The U.S. services sector recorded its strongest growth in nearly two years in August, driving a sharp acceleration in overall business activity and more than offsetting slower manufacturing growth. S&P Global’s flash Services PMI...
The U.S. National Highway Traffic Safety Administration (NHTSA) has opened an investigation into nearly 1 million General Motors pickup trucks and SUVs over concerns about engine failures. The probe covers 997,743 vehicles from the...
The Dutch Data Protection Authority has fined Uber €825 million ($966 million) for allegedly violating European data protection rules by using automated systems to suspend or deactivate drivers without providing adequate information or meaningful...
Samsung Electronics expects its shareholder returns this year to reach as much as 110 trillion won ($79.54 billion), including 30 trillion won in cash dividends in the third quarter. The payout would be more...
The surge in debt issuance by technology giants to finance the artificial-intelligence buildout is beginning to test investor appetite, with bond buyers demanding higher yields as the market absorbs record supply. While investors remain...