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Car finance payouts limited, but lenders aren’t off the hook
There may well be a few sighs of relief from senior finance company and banking executives following the Supreme Court’s ruling, but it is unlikely you will hear the champagne corks popping. The verdict does almost certainly reduce the potential compensation bill significantly. Lenders no longer face the prospect of having to pay £30bn to…
BP names new boss as current CEO leaves after less than two years
Archie Mitchell and Josh MartinBusiness reporters Reuters Newly appointed BP chief executive Meg O’Neill currently runs Australian oil and gas firm Woodside Energy BP has appointed a new chief executive, making Meg O’Neill the first woman to run a major global oil firm. The London-based energy giant said its current boss Murray Auchincloss would step…
Meta told to pay another $567m in New Mexico child safety lawsuit
A US judge in New Mexico has ordered Meta to pay another $567m (£421m) for its failure to warn the public about dangers its platforms posed to children, marking the largest fine against the company over child safety. Judge Bryan Biedscheid said the social media giant is a “public nuisance” akin to air pollution and…
Formula 1 tech used to improve train Wi-Fi on GWR
Laura CressTechnology reporter GWR Some of the Great Western Railway fleet will use a hybrid system including low earth orbit satellites in space to create a more-reliable wi-fi connection A new UK-first pilot scheme is aiming to create fast and more reliable train wi-fi, using technology originally developed for Formula 1 cars. It will see…
