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EU to suspend approval of US tariffs deal
The European Parliament is planning to suspend approval of the US tariffs deal agreed in July, according to sources close to its international trade committee. The suspension is set to be announced in Strasbourg, France on Wednesday. The move would mark another escalation in tensions between the US and Europe, as Donald Trump ratchets up…
VAT to be cut from electricity bills in October
Jones, who was also previously chief secretary to the Treasury, wrote on X, external that the Digital ID programme was unfunded. While praising the VAT cut as “good”, he said “the government will have to set out how it will pay for its new policies at the budget”. Conservative Shadow Chancellor Mel Stride also criticised…
Customers sue maker of popular On Cloud shoes over ‘noisy and embarrassing’ squeaks
Athletic shoe company On is facing a lawsuit from customers who claim that its popular sneakers make a “noisy and embarrassing squeak”. The “CloudTec” sneakers typically cost around $200 (£150) and have holes in the sole designed to make users feel like they are “running on clouds”. Instead, the lawsuit says, they cause issues in…
Frank founder Charlie Javice sentenced for JPMorgan fraud
Charlie Javice, the entrepreneur convicted this year for defrauding JPMorgan Chase when the bank bought her student loan start-up, was sentenced on Monday to more than seven years in prison. In March, a jury found Ms Javice guilty of bank, wire and securities fraud, as well as conspiracy to commit fraud, for giving JPMorgan fake…
Two charged after collapse of funeral firm Safe Hands
Two people have been charged following the collapse of a pre-paid funeral firm that left tens of thousands of people out of pocket. About 46,000 customers lost thousands of pounds when Safe Hands Plans Ltd collapsed in 2022 and fell into administration. The Serious Fraud Office (SFO) has charged two men – Richard Wells and…
