Washington D.C. – A significant legislative effort aimed at establishing federal guardrails for the rapidly evolving field of artificial intelligence was formally launched in the U.S. Senate on March 28th. Spearheaded by Senators Maria Cantwell (D-WA) and Todd Young (R-IN), the bipartisan “AI Safety & Transparency Act of 2025” was introduced, signaling a serious intent…
EU Regulators Levy Record Fine on Globex Corp. for DMA Violations Brussels, Belgium – The European Commission today announced a landmark decision that will resonate across the global technology sector, levying a monumental fine of EUR 5 billion against tech giant Globex Corp. This historic penalty stems from findings that the company engaged in practices…
LVMH Announces Groundbreaking Supply Chain Transparency Program Paris, France – LVMH Moët Hennessy Louis Vuitton SE, the world’s leading luxury group, today, March 26, 2025, announced the launch of a comprehensive new program designed to significantly enhance transparency across the supply chains of its extensive portfolio of brands. The initiative, formally dubbed “LVMH Trace,” marks…
FTC Launches Sweeping Antitrust Probe into AI Supply Chain Washington D.C. – In a significant move signaling heightened regulatory scrutiny over the burgeoning artificial intelligence industry, the U.S. Federal Trade Commission (FTC), under the leadership of Chair Lina Khan, announced on Tuesday, March 25, 2025, the initiation of a broad antitrust investigation. The probe is…
Major Fashion Coalition Raises Alarms Over NYC Sustainability Bill’s Compliance Requirements Washington D.C. – The American Fashion Alliance (AFA), a prominent coalition representing over 50 major U.S. fashion brands, today issued a formal and detailed statement expressing significant concerns regarding New York City’s recently proposed Fashion Sustainability and Social Accountability Act (SASA). While acknowledging and…
Global Consortium Achieves Major Quantum Computing Breakthrough in Qubit Stability March 22, 2025 – A landmark achievement in the field of quantum computing was announced today by the ‘Qubits Beyond Limits’ consortium, a global research collaboration encompassing leading institutions including MIT, Oxford University, and Japan’s RIKEN institute. On this date, the consortium publicly shared details…
NYC Eyes Landmark Fashion Sustainability Legislation New York City is taking a significant step towards bolstering environmental and social responsibility within the global apparel and footwear industry. On March 22, 2025, the New York City Council officially introduced a pioneering piece of legislation, the “Fashion Transparency and Accountability Act”. This proposed law aims to fundamentally…
EU Parliament Approves World-First AI Act: Setting Global Standards for Artificial Intelligence Strasbourg, France — In a historic vote held on March 21, 2025, the European Parliament formally adopted the final text of the Artificial Intelligence Act, commonly referred to as the AI Act framework. This decisive vote follows months of intense trilogue negotiations between…
Chanel Pledges €3 Billion to Pioneer Sustainable Luxury Through Major R&D Investment Paris, France – Luxury fashion powerhouse Chanel has announced a monumental commitment to the future of sustainable materials and production processes, pledging an investment of €3 billion over the next five years. This significant financial undertaking underscores the brand’s determination to lead the…
InnovateCorp Launches ‘Orion’ AI Processor Amidst Evolving Regulatory Landscape SILICON VALLEY, Calif. – March 20, 2025 – InnovateCorp, a global leader in technology solutions, today announced the launch of its highly anticipated artificial intelligence processor, codenamed “Orion.” The unveiling took place from the company’s Silicon Valley campus, marking a significant milestone in the development of…
