Loan

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...