An Australian court has handed down roughly $3.9 million (AUD $6 million) in penalties against oil and gas services firm Qteq Pty Ltd and its executive chairman Simon Ashton, in a case that makes one point unmistakably clear. You do not need to succeed in forming a cartel to face serious consequences.
A surge in energy prices tied to the war in the Middle East is beginning to filter into the Dutch economy, raising inflation and complicating the outlook for growth at a moment when the margin for error is already thin.
A decision on whether Google has breached the European Union’s flagship digital competition law is now within reach, according to the bloc’s top antitrust official, setting the stage for a consequential week of transatlantic engagement with some of the world’s most powerful technology leaders.
After years of legal back-and-forth, Spain’s competition authority, the National Markets and Competition Commission, has landed on a clearer, more settled way of explaining how it fines companies for breaking competition law.
The UK’s Prudential Regulation Authority has fined The Bank of London Group and its parent company, Oplyse Holdings, £2 million after concluding the firms misled supervisors about their capital position and failed to meet basic standards of integrity and transparency.
Risk hasn’t just increased, it’s become more connected, more dynamic, and harder to contain within traditional GRC models. This report, developed with Harvard Business Review Analytic Services, explores how organizations are responding by rethinking GRC through AI. Not as a layer of automation on top of existing processes, but as a way to fundamentally change how risk is understood and managed.
New York Governor Kathy Hochul is drawing a line between climate ambition and economic reality, warning that the state’s current path under its landmark climate law may need adjusting to avoid placing additional strain on households and businesses.