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UK Supreme Court opens car loans hearing as banks risk huge bill
The UK's highest court on Tuesday began a hearing to determine whether controversial car loans were unlawful, in a case that could cost banks billions of pounds in compensation. Banks are appealing a landmark ruling by a Court of Appeal in November that deemed it unlawful for car dealers to receive a commission on loans without sufficiently informing borrowers.
Trump signs executive order targeting ticket scalping
With American entertainer Kid Rock at his side, US President Donald Trump signed an executive order Monday clamping down on ticket scalping and live event pricing. By the time you check out, it's $170," said Kid Rock, who wore a straw fedora and American-flag emblazoned red suit to the Oval Office.
Eurozone inflation eases in March as tariff threat looms
Inflation in the eurozone slowed further in March, official data showed on Tuesday, indicating possible breathing room for policymakers despite the threat of turbulence from US trade tariffs. The eurozone inflation data "gives the central bank additional room to prioritize growth without abandoning its inflation mandate," said Daniela Sabin Hathorn, senior market analyst at Capital.com, in a note.
Chinese developer under scrutiny over Bangkok tower quake collapse
A Chinese construction company is facing questions over the deadly collapse of a Bangkok skyscraper -- the only major building in the capital to fall in a catastrophic earthquake that has killed more than 2,000 people in Thailand and neighbouring Myanmar. The Bangkok construction collapse is not the first time CREC and its subsidiaries have come under fire after deadly incidents.
Facing US tariffs, Canadians hunt for business in Europe
With his small steel mill facing hefty US tariffs, Canadian businessman Chris Wyatt is hunting for new European customers at the world's biggest industrial technology fair in Germany. The president slapped 25-percent tariffs on US steel and aluminium imports on March 12, and even briefly threatened to hike the duty to 50 percent on Canadian imports.
Trump says will be 'kind' with tariffs as deadline looms
US President Donald Trump said Monday he would be "very kind" to trading partners when he unveils further tariffs this week, risking global turmoil to address what he says are unfair trade imbalances. Critics warn that the strategy risks a global trade war, provoking a chain reaction of retaliation by major trading partners like China, Canada and the European Union.
Carmakers face doubts and jolts over US tariffs
Raise prices or cut into their margins, open or close factories: carmakers must soon make major decisions as the United States imposes stiff tariffs on imported vehicles. US manufacturers are still hoping that tariffs will be reduced on vehicles imported from Canada and Mexico, where they have numerous factories.
'Heartbreaking' floods swamp Australia's cattle country
Whole herds of cattle have drowned in vast inland floods seeping across the Australian outback, officials said Tuesday as the muddy tide drenched an area the size of France. Officials said more than 100,000 livestock -- cattle, sheep, goats and horses -- had been swept away, were missing, or had drowned.
French prosecutors demand Volkswagen face fresh Dieselgate trial
Prosecutors in Paris have called for German carmaker Volkswagen to face justice in France to compensate French consumers over the Dieselgate emissions fraud scandal, according to a court filing seen by AFP on Tuesday.
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