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Drivers warned about scam car finance payout calls
Motorists have been warned to be on the alert for scammers posing as car finance lenders offering fake compensation. The warning from the Financial Conduct Authority (FCA) comes after the watchdog announced it would set up a compensation scheme for motorists who were sold car finance deals that were unlawful. Earlier this month, the Supreme…
US Fed holds interest rates and defends central bank independence
Two Fed officials voted in favour of an interest rate cut – Stephen Miran, who is on leave from his post at the White House where he leads Trump’s Council of Economic Advisers, and Christopher Waller, a Trump appointee whose name has been floated as contender to succeed Powell.
Nestle to axe 16,000 jobs as new boss pushes to cut costs
Food and beverage giant Nestle said it will cut 16,000 jobs over the next two years, as its new CEO Philipp Navratil pushes to focus on products with the “highest potential returns”. The Swiss company must “change faster” to keep pace with a changing world and adopt a “performance mindset” that does not accept losing…
Trumps signature to appear on US bank notes in first for sitting president
“There is no more powerful way to recognize the historic achievements of our great country and President Donald J. Trump than US dollar bills bearing his name,” Bessent said. US banknotes have traditionally carried the signatures of Treasury officials.
