200K+ Heated Socks Recalled from Costco After Burn Reports
More than 200,000 pairs of 32 Degrees Heated Socks sold at Costco are recalled after reports of second-degree burns. Shoppers urged to stop use and return for refund.
Category : Regulations
Annie Knight: Six-Figure Monthly Earnings, Prefers British Men
Annie Knight reveals she makes six figures monthly from OnlyFans, owns a $3M house and three investment properties, and believes British men are better lovers than Australians.
HMRC Letters Alert Britons to Unclaimed £2,000 Trust Funds
HMRC is writing to 21-year-olds with unclaimed Child Trust Funds, averaging £2,200. Over 750,000 accounts hold £1.5 billion. Use Gov.uk or Share Foundation to claim.
FCA in Global Crackdown on Illegal Finfluencers
The FCA is among 17 regulators globally in a week of action against illegal finfluencers, issuing 120 takedown requests and identifying 1,267 illegal adverts reaching over 2.3 million UK accounts.
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Meta Cuts 10% of Jobs to Offset AI Investments
Meta announces layoffs of nearly 8,000 employees, about 10% of its workforce, as part of restructuring to offset investments in artificial intelligence and improve efficiency.
Trump Admin to Reclassify Marijuana to Schedule III
The Trump administration proposes moving marijuana from Schedule I to Schedule III, easing federal restrictions and acknowledging medical benefits.
HMRC Reunites Young Britons with Lost Child Trust Funds
HMRC launches a campaign to help 21-year-olds reclaim forgotten child trust funds averaging £2,200, with over 750,000 accounts unclaimed.
Trump to Announce Regeneron Deal for Lower Drug Prices
President Trump will unveil a deal with Regeneron to lower drug costs under his most-favored-nation pricing initiative, including a $225 cholesterol drug on TrumpRx.
Oil Traders Placed $430M Bets Before Trump Iran Announcement
Traders placed $430 million in bets on falling oil prices just minutes before Trump extended the Iran ceasefire, marking the fourth such suspicious trade this month.
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Hong Kong Fines PwC $166M for Evergrande Audit
Hong Kong regulators fined PwC $166 million over audit failures for collapsed developer Evergrande, citing overstated revenues and serious breaches of professional duties.
Inheritance Tax Threshold Frozen Since 2009 Hits More Estates
New research from Saltus reveals that 50% of high net worth individuals believe the IHT threshold should rise, while 30% want it abolished. The nil-rate band has been frozen at £325,000 since 2009.
Consumer Group Sues FCA Over Car Loan Compensation
Consumer Voice is taking legal action against the FCA, claiming its £9.1bn redress scheme for car loan victims unfairly favours lenders over drivers, potentially delaying payouts.
UK Tightens Export Controls to Block Goods to Russia via Third Countries
British firms will face stricter export licence checks to prevent goods from reaching Russia through other nations, following concerns over sanctions evasion linked to the war in Ukraine.
Private Equity's Grip on Public Services Exposed
Hettie O'Brien's 'The Asset Class' reveals how private equity firms exploit essential services for profit, damaging society from London to Africa.
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HMRC Warns Self-Employed of New Tax Digital August Deadline
HM Revenue and Customs has issued a reminder to self-employed individuals and landlords earning over £50,000 annually about the new Making Tax Digital system. The first quarterly update deadline is August 7, requiring digital record-keeping and online sub
Consumer Group Challenges FCA's Car Finance Compensation Scheme
Consumer Voice launches legal challenge against the FCA over its £9.1bn car finance redress scheme, arguing it undercompensates millions of drivers by hundreds of pounds per claim.
Lufthansa Cancels 20,000 Flights Amid Fuel Price Surge
Lufthansa Group cancels 20,000 flights to cut costs as jet fuel prices double, reducing summer capacity by 1% and grounding 27 CityLine aircraft.
Rolls-Royce Tops UK's Most Iconic Trade Marks List
Rolls-Royce has been voted the UK's most iconic trade mark, with Radio Caroline, Twinings, and Cadbury following. The IPO marks 150 years of trade marks.
HMRC Mandatory Tax Adviser Registration May 2026 Sparks Warnings
Tax expert Rick Schofield warns of costly errors as HMRC makes registration mandatory for all tax advisers from May 2026, with penalties up to £10,000 for non-compliance.
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Amazon Accused of Price-Fixing Collusion in California
Newly unsealed emails reveal Amazon allegedly coordinated with vendors like Levi's and pet treat makers to raise prices on products sold by Walmart and Chewy, according to California Attorney General Rob Bonta's antitrust lawsuit.
Jim Chalmers Proposes Major Tax Deduction Reforms
Australian Treasurer Jim Chalmers has unveiled significant reforms to tax deduction claims, aiming to streamline processes and enhance compliance for taxpayers nationwide.
Amazon Accused of Price Fixing by California in Court Filing
California's attorney general alleges Amazon used its market power to force vendors to raise prices on competing platforms, artificially inflating costs for consumers in an illegal scheme.
US Ticketmaster Verdict Sparks Calls for Australian Ticketing Probe
Following a US court ruling against Live Nation and Ticketmaster, Australian consumer advocates and politicians are urging a local investigation into ticketing rules to prevent monopolistic practices and protect consumers.
Prediction Markets: Profiting from Misery or Insight?
Prediction markets allow betting on future events, raising ethical concerns about profiting from disasters and human suffering, while proponents argue they provide valuable economic data.
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California AG Alleges Amazon Price-Fixing in Unsealed Docs
Newly unsealed records reveal Amazon pressured sellers to raise prices on rival sites like Walmart, California's attorney general claims in an anti-trust lawsuit.
Utah Law Targets Overcharging at Dollar Stores After Investigation
Utah lawmakers have passed a new law doubling penalties for retailers that repeatedly overcharge customers, prompted by a Guardian investigation into pricing practices at Dollar General and Family Dollar.
Smokers and Vapers Hit by Dual Price Hikes in New Taxes
Millions of smokers and vapers in the UK will see prices rise from October 2026 due to a new vaping tax and increased tobacco duties, as part of broader health legislation.
AA Driving School Fined £4.2m Over Hidden Fees Scandal
The CMA has fined the AA £4.2m and mandated refunds for 80,000 learner drivers due to illegal drip pricing practices, marking its first penalty under new consumer law powers.
Live Nation and Ticketmaster Found Guilty of Harmful Monopoly
A US federal jury has ruled that Live Nation and Ticketmaster hold a harmful monopoly over major concert venues, stifling competition and overcharging consumers in the ticketing industry.
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Live Nation, Ticketmaster Found Liable as Harmful Monopoly
A federal jury in New York has ruled Live Nation and Ticketmaster operated as a harmful monopoly over large venues, following Taylor Swift's 2022 criticism of their ticket rollout.
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