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UK Fines Apple Subsidiary £390K for Sanctions Breach Involving Russian Streaming Service

Apple Distribution International fined £390,000 by UK for breaching sanctions via £635,000 payments to Russian streaming service Okko, linked to sanctioned entities.

3 min read

How Car Finance Compensation Payments Will Work for Mis-Sold Loans

Millions of drivers may claim compensation averaging £700 for mis-sold car finance loans between 2007 and 2024, following FCA rules covering 14 million agreements. Payments depend on harm suffered, with potential delays due to legal challenges and warnings against scams.

3 min read

Brent Crude Hits $116 After Trump Suggests Seizing Iranian Oil

Oil prices surged to $116 a barrel after Trump suggested seizing Iranian oil, causing sharp declines in Asian markets amid escalating Middle East tensions and global energy supply concerns.

4 min read

Oil Surges Past $115 as Iran Conflict Escalates, Asian Stocks Drop Sharply

Oil prices surged above $115 amid escalating US-Israel-Iran conflict, causing Asian stocks to fall sharply. Iran-backed attacks and troop movements have heightened tensions, disrupting energy markets and pushing Brent crude toward record monthly gains.

2 min read

FCA to Reveal Compensation Scheme Details for 14 Million Drivers Over Mis-Sold Car Finance

The FCA will reveal its final compensation scheme for 14 million drivers mis-sold car finance, with average payouts around £700. Legal challenges may delay payments further.

3 min read

Potato Supply Costs Surge 40% Amid Middle East Conflict Impact

Potato supply costs have risen by up to 40% due to the Middle East conflict impacting fuel and fertiliser prices, raising concerns over food inflation and future crop yields.

4 min read

Why Orange Juice Prices Have Soared and What It Means for Your Grocery Bill

Orange juice prices in the UK have soared over 130% since 2020 due to crop diseases, extreme weather, trade tariffs, and supply chain issues, reflecting broader grocery inflation trends.

9 min read

Ireland's Economy Faces Energy Crisis Impact Amid Targeted Government Support

Ireland's government has introduced targeted support amid the energy crisis, with forecasts indicating slower growth and rising inflation but avoiding severe downturns. Rising energy costs may also impact housing construction.

3 min read

Lloyds Bank Faces £66m Lawsuit from 30,000 Car Loan Customers

Lloyds Banking Group faces a £66m omnibus claim from 30,000 car loan customers rejecting the FCA’s redress scheme amid concerns it favors lenders and shortchanges consumers.

3 min read

Petrol Prices Exceed 150p per Litre for First Time Since May 2024

Petrol prices have risen above 150p per litre for the first time since May 2024 amid US and Israel attacks on Iran, with diesel averaging over 177p. The RAC warns of higher costs for drivers ahead of Easter and advises careful planning when refuelling.

2 min read

UK Car Production Drops 17% Amid Industry Concerns Over Decline

UK car production fell 17% in February amid weak demand and global trade pressures. Exports dropped sharply, with further declines expected due to the Middle East conflict and rising energy costs.

3 min read

UK Consumer Confidence Drops Amid Fears Over US-Israel Iran Conflict

UK consumer confidence is declining amid fears over the US-Israel war with Iran, with surveys showing reduced spending appetite and early signs of retail sales drops.

2 min read