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Nigerian authorities announced 14 additional criminal charges on Thursday against former central bank Governor Godwin Emefiele. Emefiele was re-arraigned by Nigeria’s Economic and Financial Crimes Commission (EFCC) on Thursday before Justice Hamza Muazu of the Federal Capital Territory High Court on a revised 20-count charge sheet. The former bank governor faces charges of corrupt advantages, [...]

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The New York Times released an article on Friday containing a half-complete document from US Central Command which investigated a failed drone strike in Afghanistan. 66 pages of the unclassified document were released to the New York Times, containing redactions, after a Freedom of Information Act (FOIA) lawsuit. The investigation was instigated shortly after the drone [...]

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In his epochal, controversial and highly polarizing essay, “The Social Responsibility of Business Is To Increase Its Profits,” published in the New York Times Magazine some 70 years ago, Nobel Prize-winning economist Milton Friedman argued against the social responsibility of businesses, and explicitly declared that “the business of business is business.” The shareholder value theory of the [...]

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Nippon Steel filed a lawsuit Thursday alleging that Toyota Motor infringed on a patent for non-oriented magnetic steel sheets used in electric vehicles. The Japanese steelmaker is suing for compensation totaling 20 billion yen ($177 million). Nippon has also named public-listed Chinese steelmaker Baoshan Iron & Steel in the lawsuit for producing and supplying the allegedly [...]

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Vehicle manufacturer General Motors (GM) announced Monday in a letter to environmental groups that it was withdrawing its support from Trump administration litigation aimed to revoke California’s right to set its own auto emissions rules. In September 2019 President Donald Trump announced that his administration was revoking California’s Federal Waiver on vehicle emission standards so [...]

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General Motors, Toyota, and Fiat Chrysler Automobiles, among other carmakers, announced Monday that they were supporting US President Donald Trump’s bid to block California from setting its own strict emission standards. The automakers have backed the Trump administration’s proposal to prohibit individual emission standards by state, saying “The certainty of one national program, with reasonable, [...]

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