Money Moves

Two 17-year-old boys have been arrested in connection with a cyber-attack on Kido, a nursery chain in London. The Metropolitan Police apprehended the individuals at residential locations in Bishop’s Stortford, Hertfordshire, citing suspicions of computer misuse and blackmail. The cyber attack reportedly involved the theft of personal information, including photographs, names, and addresses, of approximately […]

Tesla has introduced lower-cost models of its popular Model Y and Model 3 vehicles in the U.S. The new pricing is aimed at stimulating sales following the expiration of a significant U.S. tax credit for electric vehicles. The prices for these models are set to be $39,990 for the Model Y and $36,990 for the

The Financial Conduct Authority (FCA) has proposed a compensation scheme regarding mis-sold car finance agreements, potentially affecting 14 million deals from April 2007 to November 2024. This figure represents approximately 44% of the total agreements made during this time frame. The FCA’s move follows a Supreme Court ruling that limited compensation eligibility by siding with

Victims of the UK’s car finance scandal are set to receive average compensation payouts of approximately £700, according to the Financial Conduct Authority (FCA). This announcement stems from the identification of 14 million unfair loans. The total compensation bill for lenders may reach between £8.2 billion and £9.7 billion, though this figure represents a lower

The European Union (EU) has announced plans to increase tariffs on imported steel, which the UK steel industry has described as a significant challenge for its future. The EU Commission aims to cut the quota for tariff-free steel imports to 18.3 million tonnes per year, representing a 47% reduction from 2024 levels. Beyond this quota,

The Financial Conduct Authority (FCA) has proposed a new compensation scheme for millions of individuals who may have been affected by mis-selling in car finance agreements. This could impact around 14 million motor finance agreements made between April 2007 and November 2024. While initial estimates suggested compensation could be less than £950 per deal, the

Businesses in the U.S. have raised concerns about the negative impacts of tariffs imposed by President Donald Trump earlier this year. Farmers are being targeted for relief as the Trump administration plans to allocate billions of dollars in support, specifically aimed at soybean growers who have faced a significant decline in purchases from China, traditionally

Delivery service DPD may experience service disruptions due to an ongoing dispute with some of its drivers over recent changes in payment rates. A group of drivers has initiated a three-day work refusal in response to DPD’s decision to reduce the payment for small parcel deliveries by 65p. Some drivers estimate that this cut could

Research indicates that North Korean hackers have stolen over $2 billion (£1.49 billion) from cryptocurrency holders in 2025, marking a record year for such activities. These thefts now contribute to approximately 13% of North Korea’s gross domestic product (GDP) per United Nations estimates. Over recent years, groups like the Lazarus Group have targeted cryptocurrency companies,

Travel association ABTA has reported an increase in the use of artificial intelligence (AI) in holiday planning and booking among travelers. The use of AI has risen from 4% to 8% over the past year, with younger travelers showing a greater propensity to use this technology. However, traditional methods such as internet searches and consulting