CHARLOTTE, N.C. — An insurance magnate who was once a big political donor in North Carolina is in federal custody after pleading guilty in connection to what prosecutors call a $2 billion scheme to defraud insurance regulators, policyholders and others through a myriad of companies from which he skimmed funds for personal benefit. Greg E. … Read more
Getty Images Regulators want to give more time to car dealers potentially facing a deluge of claims for mis-sold finance agreements. A decision by judges at the Court of Appeal has blown open an ongoing saga into hidden commission payments, with buyers possibly in line for payouts totalling billions of pounds. Now the Financial Conduct … Read more
US inflation accelerated in October from the pace it set a month earlier — raising doubts whether the Federal Reserve will continue to cut interest rates before the end of the year. The Consumer Price Index rose 2.6% versus a year ago last month — above the 2.4% increase seen in September, but falling in … Read more
ROME — Italian President Sergio Mattarella sharply rebuked Elon Musk on Wednesday for weighing in on Italian court rulings that have stymied the government’s plans to process some asylum-seekers in Albania. Musk, who is expected to have a top advisory role in Donald Trump’s new administration, wrote Tuesday on X that “these judges need to … Read more
TOKYO — Japan’s nuclear watchdog on Wednesday formally disqualified a reactor in the country’s north-central region from restarting, the first rejection under safety standards that were reinforced after the 2011 Fukushima disaster. The decision is a setback for Japan as it seeks to accelerate reactor restarts to maximize nuclear power. The Nuclear Regulation Authority said … Read more
General Motors is recalling nearly 462,000 pickup trucks and SUVs with diesel engines because the rear wheels can lock up, increasing the risk of a crash DETROIT — General Motors is recalling nearly 462,000 pickup trucks and big SUVs with diesel engines because the rear wheels can lock up, increasing the risk of a crash. … Read more
The snap judgment among legal experts was that a federal judge’s dismissal on Nov. 7 of a copyright infringement lawsuit against OpenAI, the leader in advanced chatbots, will short-circuit an ever-growing effort by artists and writers to keep AI firms from stealing their content. There’s no question that the ruling handed down Thursday by Judge … Read more
Fifty-five years ago, preschoolers were captivated by the TV performance of a fuzzy blue monster, two striped shirt-wearing best friends and a big yellow bird. Today, in the now-crowded field of children’s media, one big-headed, animated toddler named JJ is running to the top. Born from YouTube, JJ and his friends in the animated kids’ … Read more
Prices in shops and pubs will rise as a result of tax rises on businesses announced in the Budget, two bosses have warned. Andy Higginson, chair of JD Sports and the British Retail Consortium, which represents supermarkets, said tax increases from April, including a rise in National Insurance, would lead to a jump in costs … Read more
BRUSSELS — President Joe Biden intends to bolster U.S. military support to Ukraine in the final months of his administration, U.S. Secretary of State Antony Blinken said on Wednesday, after Russia launched a sophisticated missile and drone attack on Kyiv. The U.S. will “continue to shore up everything we’re doing for Ukraine to make sure … Read more