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The Latest Breaking News from PPI

Car finance scandal could be as big as PPI, City regulator says

FCA lawyer admits scale of compensation could be larger than first thought, and as big as PPI, which cost banks £50bn

The Guardian - UK

£31.1bn sitting unclaimed in ‘lost’ pension pots – research

The total value of lost pension pots in the UK has jumped by nearly £12 billion since 2018, the Pensions Policy Institute calculated.

Evening Standard

Albanese’s hot mic moment in Tonga lights up China’s WeChat groups, and they’re not happy

Beijing’s official reaction to Albanese’s comments has been fairly mild. Not so the response in the Chinese blogosphere.

Crikey

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Pacific backs Australia's regional police initiative

Anthony Albanese has wasted no time getting to work at the Pacific Islands Forum in Tonga, announcing support for his Pacific Policing Initiative.

AAP

Pacific Islands leaders to meet as region faces ‘polycrisis’ of threats

Climate change will top the agenda as leaders of 18 nations meet in Tonga from August 26.

Al Jazeera

Car finance mis-selling is not the next PPI scandal, says UK watchdog

Financial Conduct Authority says prompt intervention should ensure wrongdoing will be dealt with efficiently

The Guardian - UK

What US Economic Measures Can Be Expected If Trump Is Reelected?

Former US president Donald Trump campaigned on the economy during his failed reelection bid in 2020 and it remains a major theme in his push to retake the White House again in 2024.

International Business Times

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CPI Preview: Will Inflation Data Deliver Another Head Fake For S&P 500?

Core CPI inflation ran a bit hot in November, but tame PPI data set the stage for the dovish Dec. 13 Fed meeting that sent the S&P 500 surging.

Investors Business Daily

The Tories have squandered their advantage with working-class voters. Labour can win them back

To attract his party’s traditional supporters Keir Starmer needs to give people hope that if they work hard, they will have a good life, writes Labour’s former executive director of policy Claire Ainsley

The Guardian - UK

Cal Wells III named CEO of Legacy Motor Club NASCAR team

Wells, 68, has recently served as a consultant to the organization and will assume his new role immediately. The move was announced Wednesday by team co-owners Jimmie Johnson and Maury Gallagher.

Motorsport

How does MLB take over a local broadcast? Even with months of planning, it's a mad scramble

Major League Baseball's takeover of San Diego Padres' broadcasts involved months of planning, a playbook MLB is following this week with Arizona Diamondbacks' telecasts

The Independent UK

More than 1m UK small businesses ‘trapped in high-cost energy tariffs’

Trade groups say many firms had to renew contracts at market peak in ‘biggest mis-selling scandal since PPI’

The Guardian - UK

The Most Influential Black Figures in College Football

From coaches to administrators, these individuals can sway the future of college athletics.

Sports Illustrated

‘They might have to give birth in chains’: Abortion access behind bars after the end of Roe v Wade

Abortion access in prisons was already ‘abysmal.’ The end of Roe v Wade made things even worse, Josh Marcus reports

The Independent UK

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Reason

Tackling Mass Incarceration Requires More Than Freeing Nonviolent Drug Offenders

A new report emphasizes that the U.S. would still have a very high incarceration rate even if all drug war prisoners were released.

People

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