Loan

The prime minister is backing the deal as it would allow British firms to access the contracts funded by the loanGood morning. In the UK many MPs will be spending the bank holiday campaigning for the elections on Thursday, but Keir Starmer is in Armenia, where he has announced that he wants the UK to join the EU’s €90bn (£78bn) loan for Ukraine.Starmer is attending a European Political Community summit in Yerevan. The EPC is the group set up four years ago comprising all the EU countries, plus almost all the other European countries that are not EU members. Mark Carney, the Canadian PM, is also attending (on the grounds, presumably, that in the light of the geopolitical upheavel caused by Donald Trump, the Canadians now count as honorary Europeans.)In relation to the EU loan that we are discussing participating in, that is very good for Ukraine, because it will give Ukraine capability that is desperately needs in year five of this conflict.It’s very good for the UK, because of the capability that leads to jobs in the United Kingdom.The extra funding to Ukraine could unlock opportunity for British businesses to fill urgent capability needs for Ukraine as part of the initiative and give British defence industry access to major contracts.The move is a significant step towards a new ambitious relationship between the UK and EU – building on the prime minister’s calls at the Munich Security Conference in February to deepen defence and security cooperation to match the rapidly evolving threats faced by both sides. It also comes ahead of the UK – EU summit, expected to be held this summer, where both sides will discuss further economic and security cooperation. Continue reading...

Watchdog says legal challenges from Consumer Voice and three lenders ‘create fresh uncertainty for millions of consumers’Business live – latest updatesThe UK financial watchdog is facing four legal challenges against its £9.1bn compensation scheme for victims of the motor finance scandal.The Financial Conduct Authority (FCA) said that it will defend the scheme “robustly” as the “fastest, simplest route for consumers and the most efficient way for firms to put things right”. Continue reading...

MPs call for investigation into Essar Energy, owner of Stanlow refinery, which shifted loans from ‘Putin’s piggy bank’ VTB to MauritiusDays after the first wave of Russian tanks surged over the border into Ukraine in March 2022, dockers at a port in northern England took a stand.Appalled by Vladimir Putin’s brutality, workers at Ellesmere Port in Cheshire vowed never to unload any Russian oil destined for the nearby Stanlow refinery, a major hub for UK fuel supplies. Continue reading...

Leaders will discuss how to respond to surging energy prices amid the war in the Middle EastEurope live – latest updatesEU leaders have welcomed the end of diplomatic deadlock over a long-awaited €90bn (£78bn) loan for Ukraine, after the bloc finalised the agreement along with a 20th package of sanctions against Russia.After weeks of delay, the EU signed off on the loan on Thursday, in time for summit talks in Cyprus that are scheduled to begin in the evening and will include talks over a dinner with the Ukrainian leader, Volodymyr Zelenskyy. Continue reading...

Move comes after Hungary and Slovakia dropped opposition following reopening of the Druzhba oil pipelineEU leaders are set to meet in Cyprus this evening to discuss the latest on the Middle East and the next EU budget, starting in 2028.But it looks like they will have a bit of a detour – and a reason to celebrate, too – as the long-awaited €90bn loan for Ukraine and the 20th package of sanctions against Russia are on course to be unblocked after four months of delays caused by Hungary’s Viktor Orbán. Continue reading...

Agreement for urgently needed loan reached after Ukraine resumed pumping Russian oil to Hungary and SlovakiaEurope live – latest updatesEU member states have reached agreement on unblocking an urgently needed €90bn (£78bn) loan for Kyiv and a new package of sanctions against Moscow after Ukraine resumed pumping Russian oil to Hungary and Slovakia, prompting Budapest to lift its veto.Cyprus, which holds the bloc’s rotating presidency, said member states’ ambassadors had agreed to launch “written procedures” for the final approval of the loan and the sanctions package, with formal sign-off on both due by Thursday afternoon. Continue reading...

Member states meet this morning to discuss loan after longstanding disagreement between Kyiv and outgoing Hungarian PM Viktor OrbánAfter four months of very public disagreements between Ukraine and Hungary, today could be the day when the EU finally signs off (for the second time) on the critical €90bn loan for Kyiv.Ukraine’s president Volodymyr Zelenskyy confirmed yesterday that the Druzhba pipeline, carrying Russian oil imports to Hungary and Slovakia, has been repaired and is ready to be used again. EU’s top diplomat, Kaja Kallas, said yesterday she expected “a positive decision” within the next 24 hours. Continue reading...

Filings suggest manufacturers’ lending arms have massively underestimated bill from FCA’s £9.1bn redress schemeCarmakers are under pressure to drum up £3bn to cover payouts for motor finance scandal victims after failing to adequately prepare for a UK-wide compensation scheme that is due to begin this summer.Company filings show the lending arms of big vehicle manufacturers including Ford, BMW, Stellantis and Volkswagen may have massively underestimated the final costs of the financial regulator’s £9.1bn redress scheme. Continue reading...

EU economy commissioner says Iran war is feeding Russia’s war machine; Trump condemns massive strikes on Ukraine. What we know on day 1,513The EU expects to start releasing a new €90bn loan to Ukraine in the second quarter, the bloc’s economy chief told AFP on Thursday. The EU’s economy commissioner, Valdis Dombrovskis, was speaking on the sidelines of the International Monetary Fund and World Bank’s spring meetings, which brought finance ministers, central bankers and other leaders to Washington. “Our support for Ukraine, also continued pressure and sanctions against aggressor Russia was very much part of the agenda,” Dombrovskis said. He warned that Moscow was “emerging as a winner from this war in Iran, because it provides windfall profits to feed Russia’s war machine”.Russia hammered civilian areas across Ukraine with drones and missiles on Thursday, killing at least 17 people and wounding more than 100 others in the worst aerial attack in weeks, Ukrainian authorities said. Nearly 700 drones and dozens of ballistic and cruise missiles were used, as Ukrainian officials said vital stocks of advanced interceptors were running low.Donald Trump on Thursday condemned a massive Russian drone and missile attack across Ukraine that ripped through apartment buildings in the capital, Kyiv. Asked by reporters at the White House for his reaction to the barrage, Trump said: “I think it’s terrible.”It is not in the interest of the US that Russia is the winner of the Iran war, the German vice chancellor, Lars Klingbeil, said on Thursday in Washington. “It’s not in our interest and it cannot be in the interest of the United States,” he said in a joint statement with the finance ministers of Ukraine and Norway on the sidelines of the IMF spring meetings. Klingbeil said the Russian economy was growing thanks to the Middle East conflict and the country was profitting from the energy situation. As the conflict in the Middle East dominated the gathering of finance officials at the IMF in Washington, the ministers of Norway, Germany and Ukraine spoke about not forgetting to support Ukraine in its defence against Russia. “All the meetings here are about the question of what’s happening with the war in Iran, and I think it’s really important we show solidarity with our friends in Ukraine,” Klingbeil said.The heads of the EU and Nato on Thursday discussed efforts to bolster Europe’s arms production, as Donald Trump threw doubt on Washington’s commitment to the transatlantic alliance. “We need to invest more, to produce more and to do both faster,” the European Commission’s president, Ursula von der Leyen, posted online after meeting Nato’s chief, Mark Rutte. European nations are scrambling to bolster their militaries in the face of Russia’s war on Ukraine and pressure from Trump. Continue reading...

Luther Davis, a national champion with the Crimson Tide, is said to have worn wigs and make-up to secure fraudulent loansA former University of Alabama football star plans to plead guilty later this month to orchestrating an alleged scheme in which he impersonated NFL players and defrauded lenders out of nearly $20m. The alleged scam is described in detail by the US attorney for the northern district of Georgia, including depictions of the former defensive lineman donning disguises during loan closings.Luther Davis, a member of the Alabama team that won the 2010 national championship game, along with a partner, CJ Evins, “obtained at least thirteen fraudulent loans totaling more than $19,845,000”, the criminal information filing alleges. A criminal information (CI) document is filed by a US attorney when a defendant agrees to waive the constitutional right to indictment by a grand jury and instead proceed by typically entering a guilty plea; both Davis and Evins are doing so according to the court docket.Aliya Sports and Sure Sports did not reply to a request for comment for this article. Continue reading...

Student Finance England tells about 22,000 students their universities wrongly told them they were eligibleMore than 20,000 university students in England who received government maintenance loans and grants worth thousands of pounds have been told they will have to pay them back because their universities wrongly told them they were eligible for the money.About 22,000 students studying for weekend courses at 15 universities and colleges have received letters from Student Finance England, part of the government-owned Student Loans Company, telling them they must hand back the money because their university “made an error when providing your course details to us. Unfortunately, they didn’t tell us you only attended on [sic] the weekend.” Continue reading...

Minister says change for plan 2 and 3 loans in England and Wales will ‘protect borrowers’ from impact of global conflictUK politics live – latest updatesThe interest rate on plan 2 and plan 3 student loans will be capped at 6%, the Department for Education has announced.Graduates with plan 2 loans currently pay interest rates based on the retail price index (RPI) measure of inflation, plus up to 3% based on their earnings. Current students on plan 2 and plan 3 loans attract an interest rate of RPI +3% while they are studying. Continue reading...

• The U.S. Energy Department announced plans Wednesday to loan an additional 10 million barrels of crude from the Strategic Petroleum Reserve as part of a 172 million-barrel drawdown. • West Texas Intermediate crude prices exceeded $112 per barrel due to ongoing Iran conflict disruptions, prompting the reserve release to curb domestic fuel costs. • Critics warn the extensive SPR drawdown heightens U.S. energy vulnerabilities during prolonged geopolitical tensions and supply chain risks through key chokepoints.

• CoreWeave, Inc. (CRWV) shares jumped 12% after securing an $8.5 billion loan to scale its AI infrastructure. • The financing strengthens investor confidence in CoreWeave's expansion plans amid booming demand for AI computing power. • This deal highlights growing capital inflows into AI-focused firms, potentially accelerating sector growth in 2026.

Law firm is preparing claim on behalf of 30,000 consumers who fear the FCA’s redress scheme will shortchange themLloyds Banking Group is facing a court battle with 30,000 aggrieved car loan customers who are set to abandon the City regulator’s official redress scheme amid fears it will shortchange consumers and favour lenders.The claims law firm Courmacs Legal is planning to file a £66m omnibus claim on behalf of borrowers who believe they were financially harmed by car loan contracts set up by Lloyds’ motor finance arm, Blackhorse. Continue reading...

Court’s decision to eliminate Save plan and internal shuffling on who handles what when it comes to student loans presents new challenges for borrowersSign up for the Breaking News US email to get newsletter alerts in your inboxMany Americans with student debt are again facing future upheaval after a federal appeals court recently ordered the end of a Biden-era student loan repayment program, known as the Saving on a Value Education (Save) Plan, a move that coincided with another grim revelation: new education department data shows that by the end of 2025, 7.7 million borrowers had defaulted on $181bn in federal student loans.The Save plan, which was launched in 2023, is an income-driven repayment program created with the goal of cutting undergraduate loans in half, bringing some borrowers’ monthly payments to $0, and offering early forgiveness for low-balance borrowers. Shortly after the program was announced, Republican attorneys general across the country sued to get it killed, arguing that it was an overstep of executive power and imposed heavy taxpayer costs. Continue reading...

Hungarian PM, who is facing an upcoming election, appears in no mood to compromise as EU leaders meet in Brussels this morningThe new Dutch prime minister, Rob Jetten, is making his European Council debut this morning.Asked about Viktor Orbán’s position, Jetten insisted that “it is obvious that Ukraine needs out full support to win this war against the Russian aggression,” as he stressed the EU loan “is crucial to make sure Ukraine can prepare for the next winter.” Continue reading...

Hungarian PM shows no sign of backing down while Volodymyr Zelenskyy urges EU to resolve disputeHungary’s prime minister, Viktor Orbán, will face pressure from other EU leaders to stop blocking a vital €90bn loan for Ukraine over a political dispute about an oil pipeline.Ahead of an EU summit on Thursday, Orbán, who faces elections next month, showed no sign of backing down in his veto of the loan. He said he would not allow it until the damaged Soviet-era Druzhba pipeline supplying Hungary with Russian oil via Ukraine was repaired. Continue reading...

• The U.S. meets the Dominican Republic in the 2026 WBC semifinals on March 15 at 8 p.m. ET at loanDepot park in Miami, after advancing with a 5-3 win over Canada. • U.S. boasts a red-hot offense with 40 runs in their last 5 games (wins over Canada 5-3, Mexico 5-3, Greece 9-1, Brazil 15-5; loss to Italy 8-6); leaders include Brice Turang (.467 AVG), Aaron Judge (2 HR). • Dominican Republic counters with strong pitching (3.40 team ERA, .184 opponent AVG); Vladimir Guerrero Jr. leads at .500 AVG; U.S. favored at -141 odds, total runs over/under 8.5.

Poland's President Andrzej Duda vetoed legislation on March 14, 2026, blocking access to nearly €44 billion in EU defense loans, escalating tensions with his government. The move comes amid broader EU-US friction over Ukraine support and Middle East conflicts. Critics argue it weakens collective defense as Russia benefits from lifted sanctions. Warsaw anticipates legal challenges and potential EU funding cuts.