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U.S. markets recover from steep losses
LONDON, April 24 (UPI) -- A judge in Britain has ruled against British banks in a case involving overdraft charges, the British Broadcasting Corp. reported Thursday.
Justice Andrew Smith ruled in favor of the Office of Fair Trading by deciding it could apply regulations that oversee consumer contracts when deciding whether a bank's overdraft charges are fair, the BBC reported.
Smith also said that most of the bank policies he reviewed were coherent and fair.
The case stems from widespread issues with overdrafts. In Britain, banks returned a total of $1.5 billion in overdraft charges to 378,000 customers, the BBC estimated.
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CANBERRA, Australia, May 23 (UPI) --
Australia has passed legislation establishing the $10 billion Clean Energy Finance Corp. to provide grants and government investment to green projects.
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NEW DELHI, May 24 (UPI) --
India's state-run National Aerospace Laboratory will work with Kadet Defense Systems to develop NAL's Hansa trainer aircraft into an unmanned airial vehicle.
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The housing inventory rose slightly in April, which is unusual in the middle of the spring sales season. The uptick may be the result of rising seller confidence and it should ease concerns that the super tight inventory levels of the last six months...
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What if Europe turned out to be the new Japan?
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