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EU, UK fine anti-recycling cartel of carmakers $594m

Antitrust authorities in the European Union and Britain on Tuesday fined a cartel involving some of the world’s biggest carmakers approximately 550 million euros ($594 million) for stifling competition on vehicle recycling. According to the European Commission, 15 manufacturers colluded to avoid paying car dismantlers and reduce consumer pressure to recycle more. The commission fined
EU, UK fine anti-recycling cartel of carmakers $594m

Antitrust authorities in the European Union and Britain on Tuesday fined a cartel involving some of the world’s biggest carmakers approximately 550 million euros ($594 million) for stifling competition on
vehicle recycling.

According to the European Commission, 15 manufacturers colluded to avoid paying car dismantlers and reduce consumer pressure to recycle more.

The commission fined the participants, who admitted their involvement and agreed to settle the case, a total of approximately 458 million euros.

“We have taken firm action against companies that colluded to prevent competition on recycling,” EU antitrust chief Teresa Ribera said in a statement.

In the same statement, a parallel investigation by Britain’s Competition and Markets Authority, CMA, reached similar conclusions, fining 10 companies and two trade bodies more than £77 million ($99 million).

The cartel was exposed by Mercedes-Benz, which participated in it but received immunity and avoided substantial fines across both sides of the Channel, for cooperating with the authorities.

EU, UK fine anti-recycling cartel of carmakers $594m

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Russian assets frozen in Switzerland now over $8bn

Russian assets frozen in Switzerland since the start of their full-scale invasion of Ukraine have risen by almost $2 billion in the last year, to over $8 billion, the government revealed on Tuesday. Switzerland decided to align itself with the neighbouring European Union’s sanctions against Moscow. They asked banks to pass on information on targeted
Russian assets frozen in Switzerland now over $8bn

Russian assets frozen in Switzerland since the start of their full-scale invasion of Ukraine have risen by almost $2 billion in the last year, to over $8 billion, the government revealed on Tuesday.

Switzerland decided to align itself with the neighbouring European Union’s sanctions against Moscow.

They asked banks to pass on information on targeted clients or firms.

The State Secretariat for Economic Affairs confirmed in a statement that as of 31 March, the Russian assets frozen were valued at 7.4 billion francs ($8.4 billion).

That represents an increase of 1.6 billion francs ($1.8 billion) compared to a year ago.

“14 real estate assets belonging to individuals, companies, or entities subject to sanctions” the statement added.

The assets include sports and luxury cars, aircraft, artworks, furniture, and instruments belonging to individuals, companies, or entities.

The sanctions against Russia also include several measures in the financial, trade and energy sectors, as well as restrictions in the services and air transport sectors.

Russian assets frozen in Switzerland now over $8bn

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Latvia sends combat drones to Ukraine

Latvia is sending an additional 1,500 combat drones to Ukraine as part of assistance for the country’s armed forces. Latvia’s Defence Minister Andris Sprūds made the announcement on Tuesday and shared photos of the cache in a post on X. “Two Latvian companies will deliver a total of 12,000 drones, worth 17 million euros, to
Latvia sends combat drones to Ukraine

Latvia is sending an additional 1,500 combat drones to Ukraine as part of assistance for the country’s armed forces.

Latvia’s Defence Minister Andris Sprūds made the announcement on Tuesday and shared photos of the cache in a post on X.

“Two Latvian companies will deliver a total of 12,000 drones, worth 17 million euros, to Ukraine in the first half of this year,” he wrote.

The drones are among the supplies that were approved by an international coalition led by the United Kingdom and Latvia.

The drone coalition was established in January 2024 to enhance Ukraine’s unmanned aerial vehicle, UAV, capabilities.

The alliance has reportedly allocated €20 million from a joint fund to procure tactical-level reconnaissance drones for the Ukrainian defence forces.

In March, Sweden directed its Armed Forces to contribute funds to coalitions focused on mine clearance and UAVs under the Ramstein support framework for Kyiv.

Latvia sends combat drones to Ukraine

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• April 1, 2025
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Zazzau emirate bans district heads from

The Zazzau Emirate has prohibited district heads from holding dual positions or receiving two salaries while serving as traditional rulers. His Royal Highness, the Emir of Zazzau, Alhaji Ahmad Nuhu Bamalli, announced this on Tuesday morning during a Sallah homage visit by the district heads. The Emir stated that the Kaduna State Government has issued
Zazzau emirate bans district heads from

The Zazzau Emirate has prohibited district heads from holding dual positions or receiving two salaries while serving as traditional rulers.

His Royal Highness, the Emir of Zazzau, Alhaji Ahmad Nuhu Bamalli, announced this on Tuesday morning during a Sallah homage visit by the district heads.

The Emir stated that the Kaduna State Government has issued a directive requiring all district heads who also hold positions in government agencies to choose one – either resign from their government job or relinquish their traditional title.

He emphasized that non-compliance with this order would result in disciplinary action, including the return of any salaries previously received from the government.

Furthermore, the Emir of Zazzau urged district heads and village chiefs to remain vigilant on security issues. He noted that although there has been a decline in security challenges, particularly in local government areas like Igabi, due to the Kaduna State Government’s peace negotiations with bandits, continuous monitoring of community affairs remains essential.

In his address, Kaduna State Governor Malam Uba Sani, represented by the Jarman Zazzau, warned district heads against unauthorized allocation of government lands. He stressed that the government would no longer tolerate such practices.

The meeting was attended by approximately 80 district heads from the Zazzau Emirate, along with other prominent figures from the Emirate.

Zazzau emirate bans district heads from

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Trump signs executive order targeting ticket scalping

US President Donald Trump signed an executive order clamping down on ticket touting and live event pricing, with American entertainer Kid Rock at his side. The order is said to have sought to prevent unscrupulous middlemen from profiting off reselling tickets for concerts and other events at an enormous mark-up. It mandates the US Attorney
Trump signs executive order targeting ticket scalping

US President Donald Trump signed an executive order clamping down on ticket touting and live event pricing, with American entertainer Kid Rock at his side.

The order is said to have sought to prevent unscrupulous middlemen from profiting off reselling tickets for concerts and other events at an enormous mark-up.

It mandates the US Attorney General and the Treasury Secretary to use all legal means to stamp out soaring price gouging, and calls on the Federal Trade Commission to ensure price transparency at all
stages of the ticket-purchase process, including the secondary ticketing market.

“You can buy a ticket for $100. By the time you check out, it’s $170,” Kid Rock said.

The “Born Free” singer, who appeared with Trump on the presidential campaign trail in 2024, added that due to “bots” tickets were being re-listed for sometimes a 400-500 per cent mark-up.

The administration of Joe Biden also targeted touts, suing concert booking website Ticketmaster and its parent company Live Nation Entertainment last year over monopoly allegations.

In a statement, Live Nation, which has denied monopoly allegations, said it supports Trump’s order, and called for enforcement.

Trump signs executive order targeting ticket scalping

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• April 1, 2025
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Israeli airstrike kills Hezbollah official, three others in Beirut

An Israeli airstrike on Tuesday killed four people in Beirut’s southern suburbs, including a Hezbollah official. The Israeli military identified the deceased official, Hassan Bdeir, as both a member of Hezbollah’s military wing and Iran’s Quds Force. They stated he had been assisting Hamas militants in planning what they described as “a significant and imminent
Israeli airstrike kills Hezbollah official, three others in Beirut

An Israeli airstrike on Tuesday killed four people in Beirut’s southern suburbs, including a Hezbollah official.

The Israeli military identified the deceased official, Hassan Bdeir, as both a member of Hezbollah’s military wing and Iran’s Quds Force. They stated he had been assisting Hamas militants in planning what they described as “a significant and imminent terrorist attack against Israeli civilians”.

Hezbollah confirmed Bdeir’s death, noting he was killed alongside his son, who was also a member of the organisation.

A Lebanese security source told Reuters that Bdeir served as a mid-ranking commander with particular responsibility for Palestinian affairs.

Hezbollah parliamentarian Ibrahim Moussawi, who visited the bombed site, condemned the attack as “a major and severe aggression that has escalated the situation to an entirely different level”. He urged the Lebanese government to “activate the highest level of diplomacy to find solutions”.

Israeli Foreign Minister Gideon Sa’ar maintained that Bdeir represented “a real and immediate threat”, adding: “We expect Lebanon to take action to uproot terrorist organisations operating within its borders against Israel.”

Israeli airstrike kills Hezbollah official, three others in Beirut