Even if motorists can provide evidence they’ve paid for parking, they are threatened with bailiffs and courtDrivers have accused a leading car park management company of issuing “false” parking fines – leaving one mother to defend herself from multiple debt collection agencies sent by the company.Jane Winder says she was sent letters from five different debt collection agencies each asking her to pay £170 after she was accused of not purchasing a £2.30 parking ticket at a car park in Lancashire managed by Euro Car Parks. Continue reading...
• Faraday Future's 2025 annual financial report revealed stockholders' equity shifted from negative to positive.
• The company's EAI robotics business posted a positive gross margin in its first delivery quarter this year.
• Faraday Future targets over 1,000 unit shipments for its EAI robotics by end of 2026, signaling expansion plans.
• US Secretary of State Antony Blinken met with EU foreign ministers in Brussels on April 4, 2026, to discuss a potential ceasefire framework for the Russia-Ukraine war amid escalating frontline clashes.
• The proposal includes Russian troop withdrawal from Donbas regions captured since 2022 and $50 billion in reconstruction aid funded by frozen Russian assets, as outlined in leaked diplomatic cables.
• Diplomats emphasized the plan's role in preventing NATO direct involvement, with EU High Representative Kaja Kallas stating, 'This is our best chance to freeze the conflict without capitulation.'
• The Federal Reserve maintained the federal funds rate unchanged at 3.5%–3.75% during its March 2026 meeting, marking the second consecutive session without adjustment.
• Policymakers cited solid economic expansion despite subdued job gains and elevated inflation above target levels.
• The decision reflects caution amid global volatility, including Middle East conflicts driving oil prices up over 40% and renewed US trade frictions.
• Following April 1 shelling that killed 12 Indian soldiers and 8 Pakistani troops, US-mediated talks led to a 72-hour ceasefire along the Line of Control.
• Details include troop pullbacks by 2 km and no-fly zone for drones, verified by US satellites.
• The de-escalation prevents nuclear escalation fears, with markets in Mumbai and Karachi rising 1.8%.
Chancellor says the government is looking at ways they can support people based on household income Good morning. Keir Starmer is giving a press conference this morning where, according to No 10, he will discuss the Iran war, and how the government is supporting people at home. Now we are in April, the new financial year is starting, and the government is highlighting measures it has introduced that will help people with the cost of living. The Conservatives have an alternative list, and they are claiming this morning that “Keir Starmer and his chancellor have piled on extra costs leaving families almost £1,000 worse off this year”.The chancellor, Rachel Reeves, has been doing her own media too. She is on the Jeremy Vine show later, but she has already given an interview to BBC Breakfast in which she gave a marginally clearer idea of what she is planning to do to help people with energy bills than she did when she made a statement to MPs last week.From July to September, gas usage, especially by families and pensioners, is the lowest of any months of the year because it is the summer months …It will be really from the autumn onwards that people’s gas usage starts increasing. So at the moment we are working on a range of contingencies. And we are looking at more targeted measures. We are looking at ways we can support people based on their household income.I want to learn the lessons of the past because when Russia invaded Ukraine, the richest, the best-off third of households got more than a third of the support. That makes no sense at all. Continue reading...
• Berkshire Hathaway disclosed in SEC filings that its position in Apple has grown to $170 billion in market value, reinforcing Apple as the conglomerate's largest single equity holding at approximately 48% of total equity portfolio.
• The increase reflects both organic price appreciation of Apple shares and incremental purchases by Warren Buffett's investment team amid the company's strong iPhone 16 sales and services segment growth.
• The substantial concentration signals Berkshire's high conviction in Apple's long-term competitive moat, capital allocation discipline, and valuation at current levels, providing a powerful endorsement to institutional investors amid market volatility.
• The U.S. Bureau of Labor Statistics reported 145,000 nonfarm payroll additions in March, modestly below the 165,000 forecast but within a range suggesting labor market deceleration without crisis-level deterioration.
• The unemployment rate remained flat at 3.9%, while average hourly earnings grew 3.8% year-over-year, slightly below the 4.0% pace in February and indicating moderating wage pressures that support the Fed's inflation narrative.
• Economists cited seasonal adjustments and service sector softness as factors in the slower jobs growth, though private payroll strength and continued hiring in healthcare and professional services suggest underlying economic resilience despite recent market volatility.
Shift seen away from from traveling to states with legal abortion in favor of telehealth and mail-order pillsThe abortion rate is holding steady in the US despite total and partial bans in some states – largely because of travel across state lines and a significant increase in telehealth appointments, a new report says.US regulatory officials are weighing changes to the ways mifepristone, an abortion medication, may be dispensed, but they have reportedly pushed their review until after the midterm elections, given the widespread support for abortion across the US. Continue reading...
• Kyndryl Holdings, Inc. (NYSE: KD) announced an April 13, 2026, application deadline for class action lawsuits, with investors urged to contact Lewis Kahn, Esq. at Kahn Swick & Foti, LLC.
• The notice follows concerns over potential securities issues, impacting shareholders amid broader market volatility.
• This legal development adds pressure on the IT infrastructure services firm as Wall Street navigates geopolitical and economic risks.
PM indicates he would prefer to focus taxpayer-funded help on poorest households, rather than universal bailoutMinisters are looking at providing support for household bills next winter, Keir Starmer said, as he suggested the energy price shock unleashed by the Iran conflict could continue for months to come.The prime minister indicated he would prefer to focus any taxpayer-funded help on the poorest households, rather than an expensive universal bailout, ahead of an emergency meeting on the economic fallout of the Middle East crisis. Continue reading...
• A federal jury ruled Elon Musk liable for defrauding Twitter shareholders by intentionally driving down the stock price to renegotiate or exit the $44 billion takeover deal in 2022.
• The verdict was reported by Reuters and Bloomberg News on Friday, with damages to be determined in a later phase of the trial.
• This ruling holds significant implications for corporate takeover accountability, potentially affecting future high-profile mergers involving public companies.
• The New York State Senate passed a bill sponsored by Senator John Liu and Assemblymember Ron Kim requiring health insurers to cover diabetes screening for Asian American and Pacific Islander individuals with BMI of 23 or higher, aligning with clinical guidelines for higher metabolic risk.
• Physician Charles Lopresto, DO, from Queens advocated for the bill, noting Type 2 diabetes often goes undiagnosed for years, leading to complications like kidney disease and vision loss in diverse communities where 11% of Queens adults have diabetes.
• The legislation addresses gaps in traditional BMI thresholds of 25+, aiming to enable earlier detection and prevention in at-risk populations per New York Department of Health data.
Consultancy’s forecast of £1,972 annual dual fuel bill follows conflict pushing UK’s gas market past three-year highsBusiness live – latest updatesHousehold energy bills in Great Britain could soar by more than £330 a year to almost £2,000 from this summer after the war in Iran pushed the UK’s gas market past three-year highs.A typical combined household gas and electricity bill is now forecast to reach £1,972 a year from July under the UK government’s quarterly price cap, according to analysis by Cornwall Insight, an energy consultancy. Continue reading...
• The U.S. Federal Reserve decided to hold interest rates steady on March 19, 2026, in its first move since oil prices spiked due to the Iran war.
• Officials cite inflationary pressures from energy disruptions but project stability if conflict de-escalates.
• The decision impacts American consumers facing higher gas prices, influencing mortgage and loan rates nationwide.
Decision comes as concerns mount over economic fallout from conflict bringing fresh cost of living shockBusiness live – latest updatesThe Bank of England has kept interest rates on hold amid growing fears over an inflation shock triggered by the US-Israel war on Iran.As households brace for a rise in living costs, the Bank’s rate-setting monetary policy committee (MPC) voted by a majority to keep its key base rate at the current level of 3.75%. Continue reading...
• The U.S. dollar fell slightly to 159.70 Japanese yen from 159.88 yen, while the euro rose to $1.1478 from $1.1453 in early Thursday trading.
• Currency moves followed Wall Street's slump, with Dow dropping 1.6% to 46,225.15, amid steady Fed rates and oil-driven inflation concerns.
• A stronger dollar, combined with higher U.S. yields and oil prices over $111, pressured Asian assets and currencies significantly.
• Wall Street indices declined sharply on Wednesday, March 18, with the S&P 500 falling 1.4% to 6,624.70, Dow Jones dropping 1.6% to 46,225.15, and Nasdaq sliding 1.5% to 22,152.42.
• The Federal Reserve decided to keep its main interest rate unchanged, opting against resuming cuts to support the job market and economy amid rising inflation pressures.
• Fed Chair Jerome Powell stated, “We just don’t know,” regarding the impact of surging oil prices and President Donald Trump’s tariffs on the economy.
Rolling coverage of the latest economic and financial newsUK wage growth slows sharply as unemployment holds steadyFed holds interest rates steady as Iran war drives up oil prices and inflation fearsMiddle East crisis live: Trump threatens to ‘blow up’ entire South Pars gasfield if Iran strikes QatarUK wage growth has slowed to a five-year low, in a worrying sign for workers as the Middle East crisis pushes up energy costs.Average pay (excluding bonuses) rose by 3.8% in the three months to January, down from 4.1% in October-December 2025, the Office for National Statistics reports.“With unemployment staying steady at 5.2% and a rare gain in payrolls employment, this report paints a mildly more positive picture of the labour market. And with wage growth softer again, in normal times this would have been a relatively reassuring report for the Bank of England.But the report feels stale in light of the Iran conflict, and the inflation risks stemming from the large spike in energy prices. So while today’s Bank of England meeting had once looked like the likely point of the next rate cut, instead policy is set to be kept on hold today as policymakers give themselves more time to see how the conflict plays out. Continue reading...
ONS data for three months to January is unlikely to convince Bank of England to cut interest ratesBusiness live – latest updatesWage growth slowed sharply in the three months to January according to the latest snapshot of the jobs market from the Office for National Statistics.Average earnings fell to 3.8% in the three months to January, from 4.2%, which was a larger fall than forecast by City economists. It was the slowest rate of wage growth in more than five years. Continue reading...
• The House Permanent Select Committee on Intelligence convenes an open hearing on the 2026 Annual Worldwide Threats Assessment on March 19 at 8:30 AM.
• Session addresses global risks including ongoing Middle East conflicts and other geopolitical challenges.
• Timing aligns with US-Iran war escalations and fresh intelligence on threats like China-Taiwan dynamics.
Jerome Powell resists Trump pressure as policymakers weigh energy shock against a weakening US jobs marketSign up for the Breaking News US email to get newsletter alerts in your inboxThe US Federal Reserve held interest rates steady for the second time this year, a widely expected move amid turmoil in the Middle East and rising energy prices.Fed officials faced a confluence of issues to consider in their meeting this week: soaring oil and gas prices, fluctuating inflation that still remains above the Fed’s target of 2% and a weakened job market that unexpectedly saw 92,000 losses last month. Continue reading...
As Iran war drives up cost concerns, thinktank says £3.7bn discount system should be developed before next winterThe UK government is facing calls to spend almost £4bn to launch a “social tariff” providing cheaper energy for poor households amid growing concerns over the Iran conflict.As households brace for an increase in living costs, the Resolution Foundation said ministers should develop a system of discounted domestic energy bills in time for next winter to protect the most vulnerable households. Continue reading...
Baghsarian, 85, was taken in case of mistaken identity before being murdered, NSW police allege. Two men have been charged so farFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastNew South Wales police have released CCTV footage of three further men they want to question over the alleged kidnapping and murder of Sydney grandfather Chris Baghsarian last month.Daniel Stevens, 24, and Gerard Andrews, 29 have previously been charged with murder and detaining in company with intent to ransom, occasioning actual bodily harm. Continue reading...
Borrowers face losing hundreds of dollars a month in higher repayments and rising pump rices will add to the pain, economists warnFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastSurging interest rates and petrol prices have stripped more than $1bn a month from Australian household budgets as economists warn of recession risks.Consumers are preparing for rates to surpass their recent highs after the Reserve Bank delivered back-to-back hikes ahead of an inflation spike driven by the US war on Iran. Continue reading...
But Michael Shanks says government will not be rushed into plans to reduce costs faced by households due to war in IranBritain’s energy minister has said “every penny” levied on household energy bills will be scrutinised after suppliers warned that households could face a price hike of £250 a year due to the war in Iran.Michael Shanks told MPs that the government would stand ready to provide support wherever needed, but it would not be rushed into plans to reduce the costs faced by households or offer direct financial support. Continue reading...
• Ondas Holdings, Nvidia, and Accenture are among the best-performing tech stocks this week according to Wall Street analyst ratings, with Ondas up 3.64%, Nvidia up 1.65%, and Accenture up 1.35%.
• The strength in these stocks reflects investor confidence in AI infrastructure (Nvidia), enterprise AI services (Accenture), and specialized communications technology (Ondas Holdings).
• Tech sector momentum continues amid optimism about AI deployment and enterprise technology spending across multiple verticals.
The Writers Guild of America East said management has failed to offer fair wages and basic job protectionsSign up for the Breaking News US email to get newsletter alerts in your inboxWorkers at CBS News walked out for 24 hours on Tuesday after a new contract agreement was not reached following the expiration of the contract last week.Some 60 workers at streaming service CBS News 24/7 are represented by the Writers Guild of America East. The union is holding rallies and walkouts at the CBS News broadcast center in Manhattan, New York and at KPIX-TV CBS News Bay Area in San Francisco, California. Continue reading...
Board members Jørgen Vig Knudstorp and Beth Ford face scrutiny for the coffee chain’s ongoing labor dispute Starbucks shareholders are pushing to remove two board members at the company who they argue have contributed to stalling the coffee chain’s long-fought-over union drive.The SOC Investment Group, Trillium Asset Management, Merseyside Pension Fund, the non-profit Shareholder Association for Research and Education (Share), and the New York state and New York City comptrollers wrote a letter to Starbucks shareholders to vote “no” on the re-election of board members Jørgen Vig Knudstorp and Beth Ford at Starbucks’s annual shareholders meeting on 25 March. Continue reading...
Ecotricity ranked top in Citizens Advice survey, followed by Outfox, Octopus and Co-operativeBusiness live – latest updatesAround 14 million households in the UK are receiving “below average” customer service from their energy supplier, a consumer group has warned.Citizens Advice said energy suppliers must improve their service, as its survey of 16 companies showed that half of gas and electricity consumers are with suppliers scoring less than three out of five stars for their customer service. Continue reading...