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FCA says motor finance compensation ruling ‘goes too far’ as lenders face £44bn claims risk

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, which found that car dealers acted unlawfully by failing to clearly disclose commission arrangements to...

UK fines 10 carmakers and two trade bodies £77m over green advertising cartel

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” not to compete when advertising how recyclable their cars were at the end of their...

FXSI Review 2025 | In-Depth Analysis of This CFD Broker

FXSI.com is an online brokerage specializing in CFD trading across various asset classes, including forex, stocks, indices, commodities, and cryptocurrencies. It caters to both beginner and experienced traders by offering an intuitive trading platform, competitive fees, and access to advanced trading tools. For those interested in margin trading, FXSI provides CFD trading with leverage , allowing traders to amplify their positions while managing risk with built-in protective measures. This fxsi review explores FXSI’s trading conditions,...

Trump agenda upended after GOP rebellion shuts down House floor

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, respectively. Speaker Mike Johnson, R-La., told reporters that votes were canceled for the rest of...

Putin conscripts 160K men as Russia eyes Ukraine offensive

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, citizens aged 18 to 30 will be called up for mandatory military service through June...

Former Romney adviser bankrolled by left-wing groups ripped for leading anti-DOGE charge: ‘Paid puppet’

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 frame of politics that the DOGE crew is pushing is not an effective brand of...

Anna Paulina Luna forces House leadership’s hand on proxy voting as GOP war escalates

Rep. Anna Paulina Luna, R-Fla., is forcing a vote on legislation to enable new parents serving in Congress to vote remotely in the weeks surrounding the birth of their child. Luna introduced the measure as a ‘privileged resolution’ on Tuesday, which gives House leaders two legislative days to take up the measure. It’s the latest in an increasingly high-stakes fight between Luna and House GOP leaders, who have teamed up with some of Luna’s now-former...

Trump Labor Department secures eye-popping sum to return to taxpayers amid DOGE push

U.S. Department of Labor Secretary Lori Chavez-DeRemer announced on Monday that her department will return over $1 billion in unused COVID-era funding back to the taxpayer amid the Trump administration’s push for the Department of Government Efficiency (DOGE) to slash waste, fraud and abuse in the federal government. In a press release, the Labor Department said $1.4 billion of unspent COVID funding will be ‘returned to taxpayers through the U.S. Department of Treasury’s General Fund’...

Wave of court orders blocking Trump’s agenda are a ‘judicial coup d’etat,’ Gingrich says

Former Speaker of the House Newt Gingrich condemned the wave of federal judges blocking President Donald Trump’s agenda as a ‘judicial coup d’etat’ on Tuesday. Gingrich made the comments while testifying at a House Judiciary subcommittee hearing focused on ‘judicial overreach’ by U.S. district court judges across the country. The former lawmaker highlighted that the vast majority of judges filing injunctions or restraining orders against Trump’s executive actions have been appointed by Democrats. ‘Mr. Gingrich,...

Trump’s transgender military ban dealt legal blow after appeals court ruling

A U.S. appeals court on Monday rejected the Trump administration’s request to pause a lower court ruling that temporarily blocked its ban on transgender military service members – a near-term blow as the administration signals it may take the case to the Supreme Court. The three-judge panel on the 9th Circuit Court of Appeals denied the administration’s request for an administrative stay, which would have allowed it to enforce the ban while a lower court...