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Trump to invoke emergency law for California oil producer Sable
President Trump plans to invoke Cold War-era emergency powers for ?Sable Offshore as it looks to restart ?production from a cluster of offshore platforms off the southern Californian coast. Trump is preparing ?to summon authorities under the Defense Production ?Act to preempt state laws and ease permitting ?for the California oil producer. The planned order…
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Major U.S. banks consider lawsuit over crypto licensing rules
Some of the largest U.S. banks are considering legal action against the Office of the Comptroller of the Currency (OCC) over new rules that make it easier for crypto, fintech, and payment firms to obtain national bank trust charters. The Bank Policy Institute (BPI), which represents lenders including JPMorgan, Goldman Sachs, and Citigroup, argues that…
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Judge dismisses terror liability lawsuit against Binance
A U.S. federal judge has dismissed a lawsuit against cryptocurrency exchange Binance and its founder Changpeng Zhao which accused them of being liable for facilitating terrorist attacks around the world. U.S. District Judge Jeannette Vargas in Manhattan said ?the 535 plaintiffs, including victims and relatives of victims, did not plausibly allege ?that the defendants “culpably…
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Europol says Iran crisis raises threat of terror, cyberattacks
Europol has warned that the ongoing Middle East conflict will have “immediate repercussions” for European Union security, leading to an increased threat of terrorism, organized crime, and cyberattacks. Europol spokesman Jan Op Gen Oorth said that he anticipates a rise in cyberattacks targeting European infrastructure, alongside sophisticated online fraud driven by artificial intelligence. He observed…
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U.S. judge orders government to refund over $130bn in invalidated tariffs
A U.S. federal trade-court judge has ordered the government to begin refunding more than $130bn in tariffs that were recently ruled unlawful by the Supreme Court. The ruling directs U.S. Customs and Border Protection to recalculate duties paid by importers and issue refunds excluding the invalidated tariffs. More than 2,000 companies, including Costco, FedEx, and…
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Super Retail takes A$23.8m hit from CEO affair scandal as profits slide
Australia’s Super Retail Group has absorbed a A$23.8m ($16.9m) legal bill stemming from a workplace scandal involving its former chief executive, significantly denting first-half 2026 earnings and overshadowing new chief executive Paul Bradshaw’s debut results. The costs, largely linked to settlement payments to two former executives-turned-whistleblowers, Rebecca Farrell and Amelia Berczelly, were disclosed in fine…
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