Trump Administration Audits Somali-American Citizenship Cases for Possible Fraud

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...

U.S. Services Sector Drives Sharp August Business Activity Surge

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...

GM Probe Over Engine Failure Concerns

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...

Uber Faces €825 Million GDPR Fine

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 Sets Record Shareholder Returns

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...

AI Debt Boom Tests Investor Appetite

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...

Australia Tightens Rules on Tech Giants Over News Content

Australia has passed legislation requiring major technology companies to strike commercial agreements with local news publishers or face a levy of 2.5% of their advertising revenues. The News Bargaining Incentive is aimed at ensuring...

Samsung Eyes Over $72 Billion Shareholder Return Plan

Samsung Electronics is set to announce a new shareholder return programme worth more than 100 trillion won ($71.75 billion) later this month, according to South Korean media reports. The plan is expected to include...

Crypto Stocks Surge as Trump Pushes Clarity Act

Cryptocurrency and blockchain-related stocks rallied on Thursday after U.S. President Donald Trump urged Congress to pass legislation establishing clearer rules for digital assets. The comments followed a White House meeting with cryptocurrency industry executives,...

Target’s Grocery Bet Gains Momentum, but Broader Spending Is Key

Target’s grocery strategy is showing early signs of success, with food and beverage sales rising 7% in the quarter ended August 1, marking the category’s fastest growth in three years. The retailer has expanded...

Micron to Invest $10 Billion in New AI Memory Research Lab

Micron Technology said on Thursday it plans to invest $10 billion over the next decade in a newly established research laboratory in Boise, Idaho, aimed at advancing memory technologies, developing compute systems and supporting...