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Donald Trump to unveil home buying plan involving retirement funds
US President Donald Trump is set to announce a plan that would let Americans use their retirement savings for down payments on homes. National Economic Council Director Kevin Hassett, who hinted at the plan on Friday, offered few details about how withdrawals from US workplace retirement accounts – known as 401(k)s – would work. “Suppose…
Lululemon boss to step down early next year
The boss of Lululemon Athletica, the brand known for its expensive yoga leggings and other sports clothing, is to leave the company early next year. Calvin McDonald, the firm’s chief executive, will depart at the end of January after more than seven years at the helm. The decision comes amid a run of poor sales…
Nationwide fined £44m for inadequate crime controls
Nationwide has been fined £44m for not having the right processes in place for detecting financial crime between 2016 and 2021. The building society had “ineffective systems” for assessing risk and monitoring the transactions of its customers, the Financial Conduct Authority (FCA) said. In one instance, Nationwide missed opportunities to identify unusual activity after £26m…
Gatwick Airports drop-off fee rises to £10, UKs highest charge
Getty Images Drop-off charges were introduced at Gatwick in 2021 Gatwick Airport is increasing the price of its drop-off zones by £3, bringing the minimum charge to £10. The fee to allow drivers to stop outside the terminal for 10 minutes is set to increase on 6 January, making the West Sussex airport the most…
Amazons Ring ends deal with surveillance firm Flock after backlash
The Electronic Frontier Foundation, a non-profit that promotes people’s rights on the internet, said the ad used something “heartfelt” as a disguise for a feature that previewed “a world where biometric identification could be unleashed from consumer devices to identify, track, and locate anything — human, pet, and otherwise”.
Charity says food poverty is rising across Devon and Cornwall
A food sharing charity said it had provided more than 500,000 meals to those in need across Devon and Cornwall this year and was ramping up its operation in the run up to Christmas. Charity FareShare South West (FSSW), which works with local supermarkets and farmers, said this year more than 800 tonnes of produce…
