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Lloyds Banking Group announced on Monday that it will take an additional charge of £800 million ($1.07 billion) related to the UK motor finance mis-selling scandal, raising its total provision to £1.95 billion. The move follows new guidance from the Financial Conduct Authority (FCA), which expanded the scope of potentially affected cases. The FCA’s proposed […]
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The European Union will announce new emissions-cutting targets for 2035 and 2040 ahead of the COP30 climate summit in November, European Commission President Ursula von der Leyen confirmed on Tuesday. The bloc had missed the recent U.N. deadline to submit updated climate goals, known as nationally determined contributions (NDCs), while other major economies including China