consumer-protection
FinanceBarclays Loses UK Motor Finance Challenge as Redress Looms
Top StoriesBritain’s Parliament to Vote on Strict Anti-Smoking Rules
BusinessHyundai Recalls Over 145,000 Electrified US Vehicles on Loss of Drive Power
FinanceEnergy Bills to Rise for Most Britons After 1.2% Price Cap Rise
Australia Regulator to Ramp up Focus on Protecting Consumer Savings
Date: November 14, 2024
(Reuters) – Australia’s corporate watchdog said on Thursday its focus next year will be on protecting consumers bearing the brunt of rising cost-of-living pressures by clamping down on wrongdoing across the financial sector. The Australian Securities and Investments Commission (ASIC) said it would intensify its spotlight on misconduct that exploits retirement savings, with a particular...
Meta’s Zuckerberg Not Liable in Lawsuits Over Social Media Harm to Children
Date: November 8, 2024
By Jonathan Stempel (Reuters) – A federal judge said Meta Platforms CEO Mark Zuckerberg is not personally liable in 25 lawsuits accusing his company of addicting children to social media. U.S. District Judge Yvonne Gonzalez Rogers in Oakland, California rejected accusations on Thursday that Zuckerberg directed Meta’s efforts to conceal from children the serious mental...
Volkswagen to Recall Over 114,000 US Vehicles Over Airbag Concern, Nhtsa Says
Date: November 8, 2024
(Reuters) -Volkswagen will recall 114,478 vehicles in the United States on concerns over the driver-side airbag, the National Highway Traffic Safety Administration said on Thursday. The recall consists of some Beetle and Passat vehicles from model years 2006-2019. “The driver’s side frontal airbag inflator may explode due to propellant degradation occurring after long-term exposure to...
Temu to Be Investigated by EU Tech Regulators Over Sale of Illegal Products
Date: October 31, 2024
By Foo Yun Chee BRUSSELS (Reuters) – Chinese online retailer Temu will be investigated on whether it may have breached EU tech rules against the sale of illegal products, EU tech regulators said on Tuesday, in a move which could lead to hefty fines for the company. The EU investigation will also focus on the...
Santander UK Delays Q3 Results to Assess Motor Finance Ruling Impact
Date: October 29, 2024
MADRID (Reuters) -The UK arm of Spain’s Santander on Monday postponed the release of its third-quarter results while it assesses the impact of a court ruling on motor finance commissions, although the parent bank said it did not expect a hit to financial targets in 2024. A London court ruled last week that motor...
McDonald’s E. Coli Crisis Reveals Why Vegetable Contamination Is Harder Problem Than Beef
Date: October 25, 2024
By Waylon Cunningham (Reuters) – Moves by major U.S. fast-food chains to temporarily scrub fresh onions off their menus on Thursday, after the vegetable was named as the likely source of an E. coli outbreak at McDonald’s, laid bare the recurring nightmare for restaurants: Produce is a bigger problem for restaurants to keep free of...