Sunday, February 23, 2025
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Lloyds units apart £1.2bn for automotive mortgage mis-selling scandal

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Lloyds units apart £1.2bn for automotive mortgage mis-selling scandal


Lloyds Banking Workforce has just about tripled the volume it’s atmosphere apart to hide the auto finance mis-selling scandal to £1.2bn, knocking its earnings for the 12 months.

It’s striking apart an additional £700m to hide doable reimbursement bills, on most sensible of £450m earmarked previous.

Lloyds, and different suppliers of finance for automotive loans, are underneath hearth for now not being transparent sufficient over fee paid to automotive sellers, with thousands and thousands of motorists probably in line for reimbursement.

Then again, workforce leader government Charlie Nunn informed the BBC the problems round motor finance weren’t similar to the PPI mis-selling scandal, which price the financial institution billions.

Mr Nunn stated the availability made to hide doable automotive finance reimbursement bills used to be the financial institution’s “best possible bet at this level” and that the financial institution’s general efficiency used to be robust.

“Underlying efficiency has been actually tough and we have now noticed actually excellent enlargement within the trade,” he stated.

Then again, the financial institution reported a pre-tax benefit of £5.97bn, down from £7.5bn a 12 months previous, as the United Kingdom economic system faltered and rates of interest got here down.

In April, the Very best Courtroom will rule at the query of whether or not other people putting off automotive loans have been correctly knowledgeable over how fee used to be paid, in all probability main them to be charged extra.

About two million new and second-hand automobiles are offered the usage of finance agreements yearly, with consumers paying an preliminary deposit after which a per thirty days rate, together with passion.

Banks and different lenders would possibly now be in line to pay reimbursement over some offers, in particular earlier than regulations have been modified in 2021.

Lloyds, which owns motor finance corporate Black Horse, faces a possible hefty invoice.

“Whilst it’s good to argue the availability is overly wary, Lloyds holds the biggest publicity of any main UK financial institution, and the end result stays unsure,” stated Matt Britzman, senior fairness analyst, Hargreaves Lansdown.

Then again Lloyds’ percentage worth rose following its newest effects, reflecting an underlying “tough efficiency”, he stated.

Different banks have additionally made provisions for motor finance reimbursement. Barclays has put aside £90m, whilst Spanish financial institution Santander has made a £295m provision.

Lloyds confronted the biggest invoice following the mis-selling scandal round fee coverage insurance coverage (PPI) a decade in the past, which in the end price UK banks tens of billions of kilos.

Shoppers have been compensated after insurance coverage insurance policies – that have been supposed to hide mortgage bills if, for example, they fell sick – have been offered very extensively, frequently to those that didn’t need it or didn’t want it.

The full paid out by way of Lloyds over the PPI mis-selling saga stood at £21.9bn in 2019.



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Six Israeli hostages freed forward of Palestinian prisoner liberate

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Six Israeli hostages freed forward of Palestinian prisoner liberate


Lucy Clarke-Billings

BBC Information

grey placeholderReuters Tal Shoham, dressed in grey anorak, blue hoodie and black hat, smiles and gestures towards a crowd after being released by HamasReuters

Tal Shoham was once launched after being abducted by means of Hamas on 7 October, 2023

Hamas has launched six extra hostages held in Gaza, in change for 602 Palestinian prisoners to be freed in a while Saturday.

The launched hostages integrated 4 abducted all over the 7 October 2023 Hamas assault on Israel – Tal Shoham, Omer Shem Tov, Eliya Cohen and Omer Wenkert.

The 2 different males freed, Avera Mengistu and Hisham al-Sayed, had been held in Gaza for years – Mr Mengistu since 2014 and Mr al-Sayed since 2015.

The six are the overall hostages nonetheless alive to be returned as a part of the primary segment of a ceasefire deal set to finish subsequent Saturday. Israel and Hamas haven’t begun to agree the phrases of a 2d segment.

Afterward Saturday, 602 Palestinian prisoners are set to be launched, the vast majority of whom had been detained after the 7 October 2023 assault.

The BBC understands the ones launched will come with 50 prisoners serving lifestyles sentences and 60 with top sentences, in line with a Palestinian prisoners’ media place of business commentary.

The our bodies of 4 extra hostages are anticipated to be transferred to Israel subsequent week in what is meant to be the overall step within the first segment of the ceasefire.

There are 59 hostages nonetheless held by means of Hamas, round part of whom are believed to be alive. Extra are set to be freed within the subsequent segment of the three-stage ceasefire between Israel and Hamas, which is scheduled to begin on 1 March.

Hamas started liberating hostages, facilitated by means of the Purple Move, in change for Palestinian prisoners in January. Preliminary chaotic scenes grow to be extra choreographed, with hostages flanked by means of combatants on phases ahead of the handovers.

Mr Shoham, 40, and Mr Mengistu, 39, had been handed to the Purple Move in Rafah, south Gaza ahead of being transferred to the Israel Protection Forces (IDF).

Mr Shoham was once visiting circle of relatives at Kibbutz Be’eri in October 2023 when he and others, together with his spouse and two youngsters, had been abducted by means of Hamas. His captured members of the family had been launched after 50 days.

In a commentary, his circle of relatives stated: “That is an unforgettable second, the place all feelings are swiftly blending in combination. Our Tal is with us.”

Mr Mengistu, who’s Ethiopian-Israeli, have been held by means of Hamas since September 2014 when he crossed into north Gaza.

grey placeholderReuters Image shows Avera Mengistu, who entered Gaza around a decade ago and had been held there since, hugging his family members after being released as part of hostages-prisoners swap on February 22, 2025
Reuters

Avera Mengistu reunites together with his circle of relatives

He and Mr al-Sayed, a Bedouin Arab Israeli who entered Gaza in 2015, had each suffered with psychological well being issues prior to now, in line with their households.

Mr al-Sayed’s liberate was once performed privately in Gaza Town on Saturday.

“After just about a decade of combating for Hisham’s go back, the long-awaited second has arrived,” his circle of relatives stated in a commentary.

“Throughout at the moment, we want privateness for Hisham and all of the circle of relatives so we will be able to start to deal with Hisham and ourselves.”

grey placeholderReuters Image shows Hisham al-Sayed walking with a member of the Red Cross as he is released by Hamas Reuters

Hisham al-Sayed strolling with a member of the Purple Move after his liberate

One at a time, at Nuseirat in central Gaza, Mr Shem Tov, 22, Mr Cohen, 27, and Mr Wenkert, 23, had been freed in some other public display by means of Hamas.

All 3 had been taken captive on the Nova song pageant on 7 October 2023.

Mr Shem Tov had first of all escaped by means of automobile when Hamas combatants descended at the pageant, however was once captured when he went again to rescue his pals.

Mr Cohen had concealed together with his female friend, Ziv Abud, in a safe haven on the pageant, however was once found out and pushed away. The safe haven was once bombed, however Ms Abud survived and escaped.

Mr Wenkert controlled to ship textual content messages to his circle of relatives when festival-goers had been being attacked, to inform them he was once going to a secure safe haven, however they misplaced touch with him.

grey placeholderReuters Image shows Omer Shem Tov holding his hands to his face and smiling after he was released as part of a hostages-prisoners swap and a ceasefire deal between Hamas and Israel, at Beilinson Schneider complex in Petah Tikva, Israel, on 22 February, 2025Reuters

Omer Shem Tov returned to Petah Tikva, Israel, on Saturday

grey placeholderReuters Image shows Eliya Cohen, a hostage who was held in Gaza since October 7, 2023, putting his hands into the shape of a love heart as he was released from captivity in Petah Tikva, Israel, on 22 February, 2025
Reuters

Eliya Cohen wore a “thankful” hat after he was once launched

grey placeholderShutterstock Image shows the Israeli hostage Omer Wenkert shortly before he was handed over to the Red Cross in Al Nusairat refugee camp, central Gaza Strip, on 22 February, 2025
Shutterstock

Omer Wenkert all over his liberate in Gaza

Crowds in Tel Aviv’s Hostages Sq. greeted the general public releases with cheers as they watched them spread on a reside feed.

grey placeholderReuters Image shows family members and supporters of Omer Wenkert reacting to his release on 22 February, 2025. Mr Wenkert had been held in Gaza as a hostage since October 7, 2023Reuters

Members of the family and supporters of Omer Wenkert reacted to his liberate

Households celebrating the go back of the six males known as for all last hostages to be launched.

“Our handiest request is to take hold of this window of alternative to safe a deal that may… go back all hostages house,” Mr Shoham’s circle of relatives stated.

Final hostages come with Edan Alexander, a 21-year-old Israeli-American soldier captured on 7 October.

His mom, Yael Alexander, who was once looking at Saturday’s hostage liberate, advised the BBC it was once “wonderful” to look them freed, however for her circle of relatives it’s “very tricky” ready.

“There are greater than dozens of younger males alive, like my son, nonetheless ready to be launched,” she stated. “That is the principle function, to liberate the reside folks now from Gaza.”

Saturday’s pleased scenes contrasted with previous this week, when the our bodies of hostages Shiri Bibas, her two younger sons and some other captive Oded Lifschitz had been returned to Israel.



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Ford, Rivian recall greater than 250,000 cars within the U.S. over seatbelt, headlight problems

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Ford, Rivian recall greater than 250,000 cars within the U.S. over seatbelt, headlight problems


Ford and Rivian have issued remembers affecting a complete of about 257,000 cars in the USA over separate seatbelt and headlight problems, the Nationwide Freeway Visitors Protection Management stated on Friday.

Ford is recalling 240,510 Explorers and Lincoln Aviators from 2020-2021 since the seatbelt buckle anchor bolts at a number of seating positions could also be improperly secured.

Moreover, cars supplied with second-row middle seats may additionally have an improperly secured seatbelt retractor anchor bolt.

2021 Lincoln Aviator SUV
A 2021 Lincoln Aviator SUV on the Chicago Auto Display on July 15, 2021.

Christopher Dilts/Bloomberg by the use of Getty Photographs


The corporate stated a unfastened seatbelt or buckle would possibly not correctly restrain an occupant all over a crash, expanding the chance of harm.

To mend the problem, the corporate stated it could investigate cross-check the seatbelt buckle anchor bolts in all seating positions. If problems are discovered, it’ll change the affected seat elements. The maintenance will probably be carried out totally free at Ford dealerships.

Ford stated it isn’t conscious about any reviews of injuries or accidents associated with this situation.

Rivian remembers sure cars over headlight problems

In the meantime, Rivian stated Friday it’s recalling 17,260 cars within the U.S. because of a headlight factor that would scale back visibility, expanding the chance of a crash.

The recall affects sure 2025 R1S and R1T pickup truck cars that “will have been constructed with headlamps that don’t meet present manufacturing specs because of incorrectly configured portions from the provider.”

The low beam, the corporate stated, might fail to remove darkness from when beginning the car in chilly climate and a message would seem that claims “Low beam lighting now not operating. Provider low beams quickly,” within the driving force’s show.

Rivian stated it isn’t conscious about any crashes, accidents or fatalities associated with this situation. To mend the problem, the corporate stated it could change the headlight regulate modules without charge to consumers.

The problem was once known in cars manufactured between April 29, 2024 and Feb. 3, 2025.



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A brand new technique for higher figuring out animal awareness

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A brand new technique for higher figuring out animal awareness


animal
Credit score: CC0 Public Area

A staff of researchers has defined a brand new technique for higher figuring out the depths of animal awareness, a technique that can yield new insights into the similarities and variations amongst dwelling organisms.

The essay, which seems within the magazine Science, describes a “marker approach” that scientists can use to evaluate animal awareness. It comes to figuring out behavioral and anatomical options related to mindful processing in people and on the lookout for identical homes in nonhumans.

By way of making development within the science of animal awareness, the authors suggest, we will make development on foundational questions concerning the nature of awareness, probably bettering our figuring out of the human thoughts.

“When people and different animals carry out identical behaviors, and when the most efficient reason behind those behaviors in people comes to mindful enjoy, then that may be thought to be proof…of mindful enjoy in different animals, too,” write Kristin Andrews, a philosophy professor at York College, Jonathan Birch, a philosophy professor on the London Faculty of Economics and Political Science, and Jeff Sebo, a professor in New York College’s Division of Environmental Research.

The newsletter comes just about a 12 months after the “New York Declaration on Animal Awareness,” which demonstrated the medical backing for awareness amongst all vertebrates and lots of invertebrates, amongst different species, the Instances of London and others reported.

The declaration, arranged by means of Andrews, Birch, and Sebo, has now been signed by means of greater than 500 scientists and different researchers around the world.

Philosophers, together with Jeremy Bentham, and scientists, particularly Charles Darwin, have thought to be questions related to animal awareness, whilst John Stuart Mill, within the mid-Nineteenth century, said the problem of widely assessing awareness.

Neatly into the twenty first century, a protected idea of awareness stays elusive, and war of words and uncertainty concerning the scope of awareness within the animal kingdom stay ongoing.

Of their essay, Andrews, Birch, and Sebo describe an technique that incorporates “figuring out a specific measurement of awareness,” corresponding to experiencing ache or seeing an object, after which “in search of proof that such markers are provide (or absent) within the goal species.”

They then name for brand spanking new instructions of inquiry, together with analysis on dimensions of awareness as opposed to ache enjoy and non-invasive analysis strategies.

On the other hand, they acknowledge the restrictions of particular person markers to function sturdy proof by means of themselves. “The stage to which a specific marker can build up or lower self belief particularly dimensions of animal awareness will depend on context,” they write.

“For example, linguistic habits is a marker of explicit varieties of mindful concept and emotion in people. However as demonstrated by means of huge language fashions that simulate human dialog, linguistic habits on my own isn’t sturdy proof of awareness in nonhuman techniques.”

In spite of those demanding situations, the authors emphasize the significance of persisted exploration.

“The speculation that there’s a ‘practical chance’ of awareness in all vertebrates and lots of invertebrates would possibly sooner or later get replaced by means of extra assured language,” they conclude. “However for so long as the proof stays restricted and blended, you will need to stay an open thoughts and try to be told extra.”

Additional info:
Kristin Andrews et al, Comparing animal awareness, Science (2025). DOI: 10.1126/science.adp4990. www.science.org/doi/10.1126/science.adp4990

Supplied by means of
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A brand new technique for higher figuring out animal awareness (2025, February 20)
retrieved 22 February 2025
from https://phys.org/information/2025-02-approach-animal-consciousness.html

This file is topic to copyright. Aside from any truthful dealing for the aim of personal find out about or analysis, no
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Global's sea-ice falls to report low

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Getty Images Two emperor penguins standing on ice. The penguin on the left has a chick at its feet.
Mark Poynting and Erwan Rivault

BBC Local weather & Test information journalism groups

grey placeholderGetty Images Two emperor penguins standing on ice. The penguin on the left has a chick at its feet.Getty Photographs

The arena’s frozen oceans, which lend a hand to stay the planet cool, these days have much less ice than ever up to now recorded, satellite tv for pc information presentations.

Sea-ice across the north and south poles acts like a large reflect through reflecting a lot of the Solar’s power again into house.

However as emerging temperatures purpose this vibrant layer to shrink, the darkish ocean beneath can soak up extra warmth, warming the planet additional.

This newest sea-ice low seems to had been pushed through a mixture of heat air, heat seas and winds breaking aside the ice.

Over the 5 days to 13 February, the blended extent of Arctic and Antarctic sea-ice used to be 15.76 million sq km (6.08 million sq miles), in line with BBC research of information from the United States Nationwide Snow and Ice Information Middle (NSIDC).

This breaks the former 5-day report low of 15.93 million sq km (6.15 million sq miles) from January-February 2023.

grey placeholderMultiple line chart showing daily sea-ice extent for Antarctica and the Arctic combined. Each line is a year, with 2025 line breaking a record low on latest data of 13 February, breaking the previous record set in 2023.

Arctic sea-ice is these days at its smallest recorded extent for the time of yr, whilst Antarctic sea-ice is as regards to a brand new low in satellite tv for pc information going again to the past due Seventies.

The decline of Arctic sea-ice based on a warming planet is well-established. Its end-of-summer extent fell from a mean of seven million sq km within the Eighties to 4.5 million sq km within the 2010s.

However till the mid-2010s, Antarctic sea-ice have been remarkably resilient, defying predictions that it will shrink.

Since then, Antarctica has proven a chain of very low sea-ice extents, even though there’s nonetheless a variety of herbal variability.

“Yearly, each information level that we get means that this is not a brief shift, however one thing extra everlasting, like what we have now noticed within the Arctic,” Walter Meier, senior analysis scientist at NSIDC, instructed BBC Information.

“It’s indicating that the Antarctic has moved into a brand new regime of decrease ice extents.”

Antarctic sea-ice is slightly skinny and cell – being surrounded through ocean fairly than continents just like the Arctic – so it may be in particular delicate to winds breaking apart the ice.

However hotter air and hotter waters glance to have performed a key position on this newest 2025 low, in opposition to the top of the southern hemisphere summer season.

The Antarctic ice-shelves – ice flowing off the Antarctic continent, fairly than sea-ice – seem to have had a in particular excessive season of floor melting, pushed through prime air temperatures.

“Atmospheric stipulations in December and January appeared like they have been strongly selling floor melting at the ice-shelves,” mentioned Tom Bracegirdle, analysis scientist on the British Antarctic Survey.

“That might even have contributed to what we have now noticed in Antarctic sea-ice, and ongoing ocean warming is environment the backdrop to all of this as nicely.”

Antarctica’s report sea-ice low of 2023 would had been a one-in-2,000 yr tournament with out local weather exchange, in line with a up to date learn about. But 2025 isn’t a long way from eclipsing it.

grey placeholderTwo multiple line charts showing daily sea-ice extent for the Arctic on one side, and Antarctica on the other side. Each line is a year, with 2025 line breaking a record daily low for the Arctic for the time of year, and just shy of the 2023 record daily low for Antarctica.

On the different finish of the planet, the Arctic must be attaining its annual most, with chilly iciness temperatures serving to the oceans to freeze over.

However present sea-ice extent is just about 0.2 million sq km beneath the rest up to now recorded for the time of yr, and has been monitoring very low since past due 2024.

That is in part because of a past due freeze-up of ice round Hudson Bay, with surprisingly heat ocean waters taking a very long time to chill down.

In addition to hotter seas, some storms additionally disrupted ice across the Barents and Bering Seas, with the results most probably amplified through long-term discounts in sea-ice thickness.

“A thinner ice quilt is extra aware of climate [… so] climate occasions could have a more potent affect than they used to,” mentioned Julienne Stroeve, professor of polar commentary and modelling at College School London.

In fresh weeks, Arctic sea-ice has moved even additional beneath moderate. Temperatures across the north pole have been about 20C above commonplace in early February, resulting in melting stipulations in puts like Svalbard.

This “is relatively astonishing” for the time of yr, in line with Dr Bracegirdle.

grey placeholderTwo maps showing sea-ice concentration on 12 February 2025 for both Antarctica and the Arctic. For each map, the median extent for the 1981-2010 period is shown and areas of missing sea-ice are visible.

This very low iciness extent does not essentially imply the Arctic will finally end up with report stipulations during 2025, as stipulations can exchange briefly on the poles.

However, with the Arctic warming just about 4 instances sooner than the worldwide moderate, declines over the approaching a long time are virtually inevitable.

The Arctic is anticipated to be necessarily freed from sea-ice on the finish of its summer season once or more sooner than 2050, in line with the UN’s Intergovernmental Panel on Local weather Trade. Some fresh research counsel it will occur quicker.

Declining sea-ice at each poles now not handiest has implications for native natural world like polar bears and penguins, but in addition the Earth’s local weather.

Polar sea-ice has already misplaced round 14% of its herbal cooling impact for the reason that early-to-mid Eighties, as the world of vibrant, reflective ice has declined, in line with a learn about revealed remaining yr.

“For those who considerably exchange the ocean ice distribution in and round Antarctica, you alter that a part of the planet which is in fact serving to us combat in opposition to local weather exchange,” mentioned Simon Josey, a professor on the Nationwide Oceanography Centre.

Sea-ice additionally performs a very powerful position within the nice ocean conveyor, the mass motion of water that is helping distribute warmth across the planet and helps to keep puts like the United Kingdom and north-west Europe slightly delicate.

“If we see some other robust iciness loss [of Antarctic sea-ice], persons are going to begin to fear about what it is doing to the sea move,” mentioned Prof Josey.

Further reporting through Becky Dale

grey placeholderThin, green banner promoting the Future Earth newsletter with text saying, “Get the latest climate news from the UK and around the world every week, straight to your inbox”. There is also a graphic of an iceberg overlaid with a green circular pattern.