By William Hays Weissman and Andrew Ignacio, Littler In Mennemeyer v. Commissioner,1 the United States Tax Court reminds us that a settlement agreement that is not carefully drafted can have significant tax consequences.  Background  The employee was employed as a financial specialist. She was fired for dishonesty, which made it difficult for her to find subsequent work. She initiated Financial Industry Regulatory Authority (FINRA) arbitration, asserting claims for defamation, wrongful termination, unfair competition, tortious interference with business expectancy, and expungement. The employee was awarded...

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ING is one of five international banks backing a new defence bank that’s being set up to help NATO countries and their allies to finance their defence needs. ING will provide both financial and technical support to the Defence, Security and Resilience Bank (DSRB). The other financial institutions involved are Commerzbank, JP Morgan, LBBW and RBC Capital Markets. The creation of the not-for-profit defence bank follows the recent commitment by NATO countries to invest 5% of their GDP in defence. Building...

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Overview: Most the dollar's late sell-off yesterday after the White House endorsed Stephen Miran to fill the remainder of Governor Kugler's term at the Federal Reserve has been recouped today. In mostly narrow ranges, the greenback is firmer against the G10 currencies but the Canadian dollar and sterling. The dollar is also trading with a stronger bias against emerging market currencies. China reports its CPI and PPI figures tomorrow, and next week's US July CPI is expected to have risen...

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While the United States (U.S.) had begun to diverge from the European Union (EU) on sustainability policy in 2024 due to political and legal shifts, that trajectory accelerated in 2025. Under the current administration, the U.S. has taken a markedly different path from the EU in addressing climate change, renewability, and environmental, social and governance (ESG) priorities. As the EU continues to advance green development goals, enforce disclosure mandates and strengthen international climate commitments, the U.S. has pursued broad deregulation,...

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