Scottish DJ and producer Calvin Harris has filed an arbitration demand accusing his former financial advisor, Thomas St. John, of stealing $22.5 million intended for real estate investments, MusicBusinessWorldwide.com reported. The legal action, filed last week in Los Angeles Superior Court, claims that St. John directed the funds instead toward a Hollywood “boondoggle” development project. The timing of Harris’s legal action is particularly striking. It arrives just a few months after US-based company, Thomas St.

The end of a duty exemption for small shipments to the United States was the last straw for Canadian luxury fashion retailer Ssense, according to a court filing in the company’s bankruptcy-protection case, Bloomberg News reported. A group of creditors led by Bank of Montreal were seeking repayment from Ssense under Canada’s Companies’ Creditors Arrangement Act and force a sale of the company. Both sides reached an agreement instead to have Ssense file the application for creditor protection, Justice Andres C. Garin of the Quebec Superior Court said in an order.

The United States has officially lowered its tariff on Japanese automobiles to 15% from 27.5%, finally addressing some unfinished business that had added extra uncertainty to an already unpredictable and protracted trade war, the Japan Times reported. Japan and the United States first agreed to the reduced rate on July 22 as part of a broader deal in which "reciprocal" tariffs, which cover most other exports, were taken from 10% to 15% — but less than the 25% threatened. Reciprocal duties were formally raised to 15% on Aug. 7.

The United States and Britain plan to announce more than $10 billion in economic deals this week as part of U.S. President Donald Trump's state visit, senior U.S. officials said on Monday, Reuters reported. The two governments are expected to seal a trade agreement with three pillars: a new science and technology partnership to strengthen the tech sectors of both countries, cooperation in civil nuclear power, and advances in defense technology cooperation, the officials said in a telephone briefing. Several U.S.

A long-awaited sale hearing expected to complete a U.S. court-organized auction of shares in the parent of Venezuela-owned U.S. refiner Citgo Petroleum is set to begin on Monday, with bidders and creditors locked in a bitter dispute over who should win, Reuters reported. The Delaware court will hear testimony from the involved parties, witnesses and experts in the four-day showdown before Judge Leonard Stark selects a final winner. Another set of arguments could be presented in October if the court decides more time and evidence are needed. At stake is the future of the seventh largest U.S.

India and the U.S. will hold trade talks on Tuesday, New Delhi said, raising hopes for a breakthrough weeks after President Donald Trump imposed punitive tariffs on the South Asian nation for buying Russian oil, Reuters reported. The move comes after Trump struck a more conciliatory tone in statements last week and expressed optimism that they could finalise a trade deal. The U.S. trade representative for South Asia, Brendan Lynch, will be in New Delhi for one day of talks, Indian chief negotiator Rajesh Agarwal said.

The Supreme Court on Tuesday announced it will quickly weigh the legality of most of President Donald Trump’s sweeping tariffs, a far-reaching case that could determine the fate of a cornerstone of the president’s agenda and alter the course of the U.S. economy and global trade, the Washington Post reported. The justices asked the government and a group of small businesses and states to expedite briefings in the case, setting a deadline of Sept. 19 to submit them. The case has been set for argument the first week in November.

U.S. President Donald Trump urged EU officials on Tuesday to hit China with tariffs of up to 100% as part of a strategy to pressure Russian President Vladimir Putin, according to a U.S. official and an EU diplomat, Reuters reported. Trump also encouraged the European Union to slap India with similarly expansive tariffs, said the official. China and India are major purchasers of Russian oil and, as such, they play a vital role in keeping Russia's economy afloat as it continues to pursue its expanded invasion of Ukraine, which began in 2022.

U.S. tariffs on Japanese goods including cars and auto parts are set to be lowered by September 16, Japan's tariff negotiator Ryosei Akazawa said on Tuesday, Reuters reported. Citing a U.S. Federal Register document dated September 9 that formalised President Donald Trump's executive order on the U.S.-Japan trade deal, Akazawa said in a press conference the revised tariff rates on Japanese goods will take effect within seven days from its publication.

Swedbank on Saturday said that the U.S. Securities and Exchange Commission (SEC) has closed its investigation into the bank without enforcement, Reuters reported. The investigation was initiated in 2019 and concerned Swedbank's historic disclosures of information, the company said. In 2019, Swedbank admitted to failings in combating money laundering and said it was under investigation by multiple U.S. authorities.