The Department of Commerce announced Aug. 23 it is delaying the issuance of the preliminary determination in the Auxin circumvention investigation until Nov. 28, 2022. The date had been set for Aug. 29, 2022. The decision is in response to a request by the petitioner, Auxin Solar, Inc., to allow Commerce more time to develop and analyze the questionnaire responses and comments from interested parties. If a positive determination is made Commerce will issue a preliminary order and Customs will...

An EIB delegation led by President Werner Hoyer, with the participation of Vice-Presidents Ambroise Fayolle and Thomas Östros, visited Washington DC on 25 and 26 August for high-level meetings with the US Administration, multilateral development institutions and leading think tanks on climate action and the forthcoming COP27 (6-18 November in Egypt), energy transition, Ukraine’s reconstruction and the global economic outlook as a result of the war in Ukraine. The first day of the visit featured bilateral meetings with officials at...

On July 18, 2022, the U.K. Government published a paper on its proposals for AI regulation “Establishing a pro-innovation approach to regulating AI” (the AI Paper). This was published alongside the Government’s AI Action Plan, the first update provided since the Government published its National AI Strategy in September 2021. The AI Paper provides for an alternative approach to AI regulation in the U.K. when compared with the recently proposed draft legislation for AI regulation in the EU (the EU...

$223 billion. That’s what culturally-motivated turnover cost organizations over the previous five years, according to a 2019 SHRM report. As one embarks on the pursuit of investing in a company, the due diligence process is key for all parties. Depending on the stage, you might be looking for different aspects as the key drivers, which can vary from traction, market potential, market size, team; to product- market fit, annual recurring revenue, and their plan for growth. However, one area that impacts...

On August 23, 2022, U.S. Citizenship and Immigration Services (USCIS) announced that it has received a sufficient number of petitions to reach the congressionally mandated 65,000 H-1B regular cap and the 20,000 H-1B advanced-degree exemption, known as the master’s cap, for fiscal year 2023 (FY23). USCIS completed its update to the online registration system, and registrants not selected in the “H-1B lottery” will now show status as “Not Selected – Not Eligible to File an H-1B Cap Petition.” This moratorium on...

Key insights Remote working is here to stay, so businesses should be aware of cross-border state and local tax issues. Income and unemployment tax withholding can be complex if an employee lives in a state other than where the company is located. Tax interest and penalties can be imposed if a business fails to identify nexus obligations. Telecommuter rules create additional responsibilities for employers and employees. This article was originally published on August 30, 2021. It was updated on August...

Keeping Lean Supply Chains Relevant in a Post-pandemic World A lean supply chain, at its heart, focuses on inventory optimisation and operational excellence. It aims to eliminate waste at every stage of the production and distribution process, and so have courted additional terms such as “continuous flow” and “just-in-time”. The critical aim is optimisation of inventory management rather than minimisation, and with its focus on consistency and repeatability, lean supply chains are designed to be arguably less flexible. For this reason,...

Social: U.S. agencies and lawmakers are finally shaping policies concerning cryptocurrency. The result could change investors’ options significantly. Cryptocurrency has offered a lot to investors – including sky-high returns amid a lack of regulation. In what experts claim might stabilize crypto’s market and protect its investors, the digital asset’s Wild West days may be ending in the U.S. Right now, regulatory control differs across American federal government agencies; cryptocurrency is treated as “property” for tax purposes, resembling in many ways stock....