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APP fraud declines in H1; card not present cases up by 26%

Financial losses from authorised push payment (APP) fraud, romance and purchase scams and impersonation deceptions show a marked decline in the first half of...

Klarna sells UK loan book to hedge fund Elliot Avdisors

Klarna is to offload its UK loans book to hedge fund Elliot Advisors in an effort to free up £30 billion to fund its...

European Union votes to impose tariffs on Chinese electric vehicles

Employees work on an electric vehicle (EV) production line at the Leapmotor factory in Jinhua, China's eastern Zhejiang province on September 18, 2024.Adek Berry...

EU countries overcome German resistance to back duties on Chinese EVs

In practice, that means the Commission is free to decide on next steps. The Commission — which conducted a nearly year-long investigation into unfair Chinese...

Macron: EU has only 2 or 3 years to stave off total US, China dominance

“If we want clearly to be more competitive and have our place in this multipolar order first we need a simplification shock,” Macron said. Talking...

Starling Bank fined £29m for ‘shockingly lax’ AML screening

The Financial Conduct Authority has fined Starling Bank £29 million for failings related to its financial sanctions screening.EditorialThis content has been selected, created and...

Massive port strike could have ‘devastating consequences’ for consumers, expert says

Port of Miami dockworkers strike near the port entrance and demand a new labor contract, on October 1, 2024 in Miami, Florida. Giorgio Viera |...

Port strike fallout: Blockbuster weight-loss drug supply from Wegovy to Ozempic, Mounjaro, Zepbound caught up in East Coast trade shutdown

An Eli Lilly & Co. Zepbound injection pen, March 28, 2024.Bloomberg | Bloomberg | Getty ImagesAs a port strike stretching from New England to...

A historic strike is underway at U.S. ports — and the impact on global supply chains could be huge

A container ship departs the Port of Newark for the Atlantic Ocean on September 30, 2024 seen from New York City.Spencer Platt | Getty...

Ursula von der Leyen’s new European Commission

Ursula von der Leyen (Germany): European Commission President Teresa Ribera (Spain): Executive Vice-President for the Clean, Just and Competitive Transition. Acts as competition commissioner. Henna...

Boeing workers overwhelmingly reject contract, prepare to strike

More than 30,000 Boeing workers were set to strike Friday, halting production of most of the company's aircraft after staff overwhelmingly rejected a new...

‘No friend of the UK’: Brexiteers aghast at return of old foe Michel Barnier

Barnier was renowned as a tough and savvy negotiator for the EU during Britain's tortured exit from the bloc. He's on record as believing...

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