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Shares in UK banks jump after car loan court ruling
Shares in British banks rose on Monday after the country's top court spared the sector from the worst of feared compensation claims over controversial car loans. While the court upheld one of the three cases, it narrowed the overall grounds for claims, offering relief to banks that had been bracing for widespread payouts from millions of car buyers.
Tycoon who brought F1 to Singapore pleads guilty in graft case
A Malaysian hotel tycoon who helped bring Formula One to Singapore pleaded guilty Monday to abetting the obstruction of justice, in a rare corruption case in the city-state that saw a former transport minister jailed last year.
Rwanda bees being wiped out by pesticides
The use of pesticides in East Africa, some sold by European firms despite being banned in the EU, is killing off bees in large numbers and threatening whole eco-systems, scientists say. Despite being banned for use in the EU, malathion is still exported by Denmark, France and Germany -- 12.5 tonnes in 2023, according to the European Chemicals Agency.
Tourism boom sparks backlash in historic heart of Athens
Surrounded by a hubbub of blaring music, restaurant terraces and rumbling suitcase wheels slaloming between overflowing litter bins, Giorgos Zafeiriou believes surging tourism has made his historic Athens neighbourhood unrecognisable. Any resident who spots a restaurant terrace encroaching on public space or cars parked on the pavement can report the offenders to this team.
Asian markets fluctuate as traders weigh tariffs, US jobs
Asian markets flitted between gains and losses Monday as investors continued to digest last week's tariff blitz by Donald Trump and a US jobs report that fanned fears about the world's top economy.
Italy's fast fashion hub becomes Chinese mafia battlefield
When Zhang Dayong lay in a pool of blood on a sidewalk in Rome after being shot six times, few suspected a link to Italy's storied textile hub of Prato. Zhang Dayong, the man killed in Rome alongside his girlfriend in April, was Zhang Naizhong's deputy.
AI search pushing an already weakened media ecosystem to the brink
Generative artificial intelligence assistants like ChatGPT are cutting into traditional online search traffic, depriving news sites of visitors and impacting the advertising revenue they desperately need, in a crushing blow to an industry already fighting for survival.
UK lenders face $12 bn plus compensation bill despite court ruling: watchdog
British finance firms behind high interest car loans could have to pay out more than nine billion pounds ($12 billion) in compensation despite the country's highest court ruling that most of the controversial deals were lawful, a financial watchdog said Sunday. "It is clear that some firms have broken the law and our rules.
US trade advisor says Trump tariff rates unlikely to change
New US tariff rates are "pretty much set" with little immediate room for negotiation, Donald Trump's trade advisor said in remarks aired Sunday, also defending the president's politically driven levies against Brazil. "These tariff rates are pretty much set."
AFP
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