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Video shows black smoke pouring from facility in Sochi, while Russian attack on Mykolaiv wounds seven peopleAn overnight Ukrainian drone attack on an oil depot near the Russian Black Sea resort of Sochi ignited a raging fire, as the two countries traded strikes at the end of one of the deadliest weeks in Ukraine in recent months.More than 120 firefighters worked to put out the blaze, said the regional governor, Veniamin Kondratyev, as emergency officials reported a fuel tank with a capacity of 2,000 cubic metres (70,000 cubic feet) had burned before it was extinguished. Continue reading... Source link :

FCA says motorists should start to receive payments in 2026 with most individual payouts likely to come in under £950Drivers could be handed a share of between £9bn and £18bn in compensation next year, after the City regulator said it would consult on a redress scheme for consumers affected by the car finance scandal.The Financial Conduct Authority (FCA) said on Sunday that it plans to launch the redress scheme in 2026, with consumers “starting to receive compensation next year”. Continue reading... Source link : https://www.theguardian.com/business/2025/aug/03/city-regulator-unveils-car-loan-compensation-scheme-worth-up-to-18bn Author : Kalyeena Makortoff Banking correspondent Publish date : 2025-08-03 14:29:00 Copyright for syndicated content

Common Wealth report calls discounted sales of council homes one of the ‘largest giveaways in UK history’Margaret Thatcher’s right-to-buy scheme has cost UK taxpayers almost £200bn, according to a report into the policy’s contribution to Britain’s housing crisis.In its report into the sale of millions of council homes to their tenants at steep discounts since 1980, the Common Wealth thinktank said the policy had fuelled vast shortages in social housing and turbocharged inequality. Continue reading... Source link : https://www.theguardian.com/society/2025/aug/03/right-to-buy-england-fuelled-housing-crisis-cost-taxpayers-common-weath-report Author : Richard Partington Senior economics correspondent Publish date : 2025-08-03 11:31:00 Copyright for syndicated content belongs to the linked Source.