Latest news with #courtdecision
Bloomberg
10 hours ago
- Business
- Bloomberg
The Supreme Court Got the Environmental Policy Act Case Right
There's an old Hollywood joke where a screenwriter goes to pitch a romantic comedy, and the producer listens in silence, then exclaims, 'Sounds great! Throw in a couple of car chases, and you've got a movie!' The joke has endless variants: the screenwriter is pitching a zombie thriller, or a period biopic — whatever the writer pitches, the producer's punch line remains the same. That humoresque comes to mind in light of Thursday's decision by the US Supreme Court in Seven County Infrastructure Coalition v. Eagle County, which is being described, correctly, as sharply circumscribing the ability of litigants to use the National Environmental Policy Act (NEPA) to stack new review requirements on projects already approved by federal agencies. Because if you ask anybody who's trying to build, say, new infrastructure to support the power needs of AI — or just the growth of the digital world generally — the worry isn't having to get agency approval to break ground. It's all those car chases that the courts might insist they've got to add in before they've 'got a movie.'
Wall Street Journal
19 hours ago
- Business
- Wall Street Journal
Heard on the Street Recap: On Hold
A federal appeals court temporarily put on hold a ruling that voided President Trump's tariffs. The appeals court said it was pausing the Wednesday decision by the U.S. Court of International Trade until it can hear further arguments. Market reactions were muted, amid signs the global trade war is far from over however the court rulings turn out.
Malay Mail
20 hours ago
- Business
- Malay Mail
‘No status quo to maintain': Court of Appeal rejects Hydroshoppe's bid to block KL Tower deal
PUTRAJAYA, May 31 — The Court of Appeal yesterday dismissed an appeal by the former operator of the Kuala Lumpur Tower and its subsidiary to obtain an ad interim injunction to stop the award of the KL Tower concession to LSH Service Master Sdn Bhd. The decision was delivered by a three-member bench comprising Justices Datuk Collin Lawrence Sequerah, Datuk Dr Choo Kah Sing and Datuk Wan Ahmad Farid Wan Salleh. Justice Sequerah, who delivered the court's unanimous decision, said Hydroshoppe Sdn Bhd and its subsidiary Menara Kuala Lumpur Sdn Bhd failed to meet the legal threshold for the grant of an ad interim injunction. 'We are of the view that there is no status quo to maintain as the fifth supplementary agreement has lapsed on March 31, this year,' he said. Justice Sequerah ordered Hydroshoppe and Menara KL to pay legal costs totalling RM30,000 to the respondents. The respondents were the Ministry of Communications, its minister Datuk Fahmi Fadzil, the government, LSH Service Master Sdn Bhd, LSH Best Builders Sdn Bhd and Service Master (M) Sdn Bhd. The appeal was against the decision of the High Court in April, this year which had similarly dismissed the application for the ad interim injunction. Hydroshoppe and Menara KL had filed a breach of contract suit against the respondents, claiming that LSH and its units had induced a breach of contract that the companies (Hydroshoppe and Menara KL) had agreed to with the government in an August 2022 meeting. They claimed that LSH Capital and its units had committed dishonest assistance, and want the award of the KL Tower concession to LSH Service Master to be declared void and unlawful. They are also claiming an estimated RM1 billion in damages, and for the concession of the iconic Kuala Lumpur landmark building to be transferred back to them. The High Court will hear the inter parte injunction on June 9. It will also hear on June 5, an ex parte contempt application filed by the companies. In the proceedings before the Court of Appeal yesterday, lawyer Vinayak Sri Ram represented Hydroshoppe and Menara Kuala Lumpur, Senior Federal Counsel Ahmad Hanir Hambaly@Arwi for the Ministry of Communications, Fahmi and the government. Lawyer Datuk Malik Imtiaz Sarwar represented LSH Service Master, LSH Best Builders and Service Master. — Bernama
The Guardian
a day ago
- Business
- The Guardian
Trump wins temporary reprieve as he fights against court block on tariffs
Good morning. The Trump administration is racing to halt a major blow to the president's sweeping tariffs after a US court ruled they 'exceed any authority granted to the president'. A US trade court ruled on Wednesday that the president's tariffs regime was illegal in a dramatic twist that could block Trump's controversial global trade policy. On Thursday, an appeals court agreed to a temporary pause in the decision pending an appeal hearing. The Trump administration is expected to take the case to the supreme court if it loses. On what basis did the judges rule the tariffs unlawful? The court's ruling stated that Trump's tariff orders 'exceed any authority granted to the president … to regulate importation by means of tariffs'. How are tariffs usually approved? Tariffs typically need to be approved by Congress but Trump has so far bypassed that requirement by claiming that the country's trade deficits amount to a national emergency. The carbon footprint of the first 15 months of Israel's war on Gaza will be greater than the annual planet-warming emissions of a hundred individual countries, exacerbating the global climate emergency on top of the huge civilian death toll, research reveals. A study shared exclusively with the Guardian found the long-term climate cost of destroying, clearing and rebuilding Gaza could top 31m tonnes of carbon dioxide equivalent (tCO2e). This is more than the combined 2023 annual greenhouse gases emitted by Costa Rica and Estonia, yet there is no obligation for states to report military emissions to the UN climate body. What about Hamas? Hamas bunker fuel and rockets account for about 3,000 tonnes of CO2, the equivalent of just 0.2% of the total direct conflict emissions, while 50% were generated by the supply and use of weapons, tanks and other ordnance by the Israeli military (IDF), the study found. Faizan Zaki's enthusiasm for spelling nearly got the better of him. Ultimately, his joyful approach made him the Scripps National Spelling Bee champion. The favorite entering the bee after his runner-up finish last year – during which he never misspelled a word in a conventional spelling round, only to lose a lightning-round tiebreaker that he didn't practice for – the shaggy-haired Faizan wore the burden of expectations lightly, sauntering to the microphone in a black hoodie and spelling his words with casual glee. Throughout last night's finals, the 13-year-old from Allen, Texas, looked like a champion in waiting. Then he nearly threw it away. But even a shocking moment of overconfidence on the word 'commelina' – instead of first asking common questions, such as definition, he let his showman's instincts take over and began 'K-A-M,' before realizing his error – couldn't prevent him from seizing the title of best speller in the English language. What word did he spell to win? His winning word was 'éclaircissement'. Faizan didn't ask a single question before spelling it correctly, and he pumped his fists and collapsed to the stage after saying the final letter. A vessel bearing human remains has been found nearly a year after the US Coast Guard suspended the search for a family of four missing after their boat capsized off Alaska, officials said. Sexual exploitation and domestic violence soared after the catastrophic Lahaina wildfire in 2023, new research has found. Doctors have developed an artificial intelligence tool that can predict which men with prostate cancer will benefit from the drug Abiraterone, which halves the risk of dying and has been described as a 'gamechanger' treatment. Russian forces have used North Korean weapons to terrorise entire cities, according to a report by UN members that reveals the extent of Moscow's dependence on the regime in Pyongyang. I took the job as the Guardian's Jerusalem correspondent in 2021, although I was reluctant about it, writes Bethan McKernan. I was happy living in Istanbul as the paper's Turkey and Middle East correspondent and the Jerusalem gig was notoriously thankless. Every single word published under my name would be forensically examined for signs of bias. In the end, I took the job – and now, four years later, I am leaving Jerusalem. I have learned a lot, and the experience has changed me. Almost 40% of glaciers in existence today are already doomed to melt due to climate-heating emissions from fossil fuels, a study has found. The loss will soar to 75% if global heating reaches the 2.7C rise for which the world is on track. The massive loss of glaciers would push up sea levels, endangering millions of people and driving mass migration, the researchers said. 'As a schoolboy in Canada, I was fascinated by the Guinness Book of Records,' Gary Duschl says. 'Little did I know then that in 1994 I would break a world record and feature in the book I adored as a young boy, all thanks to my childhood hobby – making paper chains out of chewing-gum wrappers.' First Thing is delivered to thousands of inboxes every weekday. If you're not already signed up, subscribe now. If you have any questions or comments about any of our newsletters please email newsletters@
Wall Street Journal
2 days ago
- Business
- Wall Street Journal
Heard on the Street Thursday Recap: On Hold
What happened in markets yesterday: A federal appeals court temporarily put on hold a ruling that voided President Trump's tariffs. The appeals court said it was pausing the decision by the U.S. Court of International Trade until it can hear further arguments. Market reactions were muted, amid signs the global trade war is far from over, however the court rulings turn out. The Dow industrials rose 0.3%. The S&P 500 and Nasdaq Composite each climbed 0.4%.
