News

The US's decision to impose tariffs on steel and aluminum has sparked international backlash, with several countries, including Britain, threatening retaliatory measures. While the EU has already implemented countermeasures, Britain is focusing on negotiations towards a UK-US economic agreement before taking any immediate action.

The Financial Conduct Authority (FCA) is planning an industry-wide redress scheme to automatically compensate millions of motorists who were mis-sold car finance, eliminating the need for individual claims. This initiative follows a year-long investigation into hidden commission arrangements within the industry, where banks allegedly incentivized dealerships to push higher interest rates on borrowers.

President Donald Trump's recent policy decisions have raised concerns about their potential impact on the U.S. economy, social security programs, and global alliances, according to Mary Trump, the President's niece and vocal critic. Mary Trump argues that these policies could lead to rising consumer prices, economic slowdown, and a weakening of U.S. standing in the global economy.

Elon Musk's divided attention between Tesla and his role in the Trump administration is raising concerns among investors, who are worried about his commitment to the electric car company and the potential impact on its performance. The uncertainty surrounding Musk's plan to double vehicle production and the ongoing protests and vandalism targeting Tesla are further adding to these concerns.

Rep. John Larson (D-CT) accused Elon Musk and the Trump administration of pushing for Social Security privatization while avoiding public accountability, citing Musk's absence from a congressional hearing and the administration's cuts to the Social Security Administration. Democrats are demanding transparency and accountability, while Republicans defend Musk and the administration's actions.