The Financial Conduct Authority (FCA) has warned that a Court of Appeal ruling at the heart of the UK’s motor finance commission scandal risks legal overreach and “goes too far”, as lenders face potential compensation claims of up to £44 billion. In a written submission to the Supreme Court on Tuesday, the City regulator pushed back against last year’s ruling, ...
Ten of the world’s leading car manufacturers – along with two major automotive trade associations – have been fined over £77 million by the UK’s Competition and Markets Authority (CMA) after admitting to illegal collusion on green advertising practices. The watchdog found that BMW, Ford, Jaguar Land Rover, Peugeot Citroën, Mitsubishi, Nissan, Renault, Toyota, Vauxhall, and Volkswagen had “illegally agreed” ...
Mass layoffs reportedly began Tuesday in Health and Human Services agencies as part of the department’s ‘restructuring’ to align with President Donald Trump’s executive order, ‘Implementing the President’s ‘Department of Government Efficiency’ Workforce Optimization Initiative,’ as agencies undergo merges and significant downsizing. The restructuring is expected to bring down 82,000 federal health employees to 62,000. The department has been preparing ...
Voters in two states are casting general election ballots for the first time since November, when they sent President Donald Trump back to the White House. Wisconsin will choose a new justice on the state Supreme Court, which has a 4-3 liberal-leaning majority. Florida is holding special elections in two deep-red districts last held by Reps. Matt Gaetz and Michael ...
Colin Grabow As President Donald Trump threatens so-called “reciprocal tariffs” on US trading partners, some countries are offering lower duties to avoid the US leader’s wrath. Vietnam recently announced that it is cutting tariffs on a range of US exports, including energy and agricultural products, as well as approving the Starlink satellite internet system owned by Trump ally Elon Musk. ...
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In today’s fast-paced world, being online is not optional. Whether you’re a small business owner or a real estate agent, having a strong web presence is key. That’s something Anthony Gallo understands better than most. Based in Florida, Anthony is a digital entrepreneur. He’s the founder of Florida SEO Services and SoFlo Real Estate Network. Both ventures focus on helping ...
A normally sleepy procedural vote ended in drama for the House of Representatives after a rebellion by nine Republicans against their own party forced chamber proceedings for the week to grind to a halt. It puts the future in question for two key bills backed by the Trump administration that were slated to get a vote on Wednesday and Thursday, ...
Russia has initiated its largest military draft in 14 years as reports indicate Russian President Vladimir Putin is preparing a spring assault on Ukraine despite ongoing peace negotiations to end the three-year war. Putin has called up 160,000 men as part of the country’s bi-annual conscription drive as Russia seeks to beef up its military ranks. According to the legislation, ...
A well-known economist who was believed to be trying to influence the Trump administration’s economic policies in the lead-up to the inauguration is facing criticism for his opposition to President Donald Trump’s Department of Government Efficiency (DOGE) efforts in line with the resistance from some of his group’s top donors. ‘Elon Musk is not actually a popular person, and the ...