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AUDI has unveiled its new logo with major changes a mere few days after Jaguar was slammed over the "woke" EV rebrand. The car brand has divided drivers through its launch of a new sub-brand which gets rid of the iconic four rings logo. The German premium vehicle manufacturer has announced a new partnership with SAIC - a Chinese motoring giant. This collaboration is to sell a separate range of Audi models within the market. The sub-brands first reveal shows the model featuring a brand new logo - not with four rings. China has the largest new car market worldwide with around 26 million models sold in 2023 - and Gernot Döllner, CEO of Audi, has shared his excitement for the sub-brand. read more in motors He said: "The automotive industry is undergoing the largest transformation in its history. "With our partnerships in China, we are playing a decisive role in this transformation." Audi are very familiar with the car market in China, having sold its cars there since 1988 after beginning a contract with First Automobile Works (FAW). Here they became the first company to import luxury cars to the brand. Most read in Motors Now the new Audi sub-brand looks to sell unique models with its design to younger motorists. The company pointed out the additional driver-assistance technology in comparison to models in Europe as China is currently enforcing fewer restrictions on autonomous vehicles. But the new models are missing the iconic four ring logo that first popped up in 1932 and instead have 'Audi' written across the front. The rings were originally used by Auto Union and were to represent the four German car brands Audi, Chemnitz, DKW and Horch who were all in an alliance at the time. Users took to Reddit to express their thoughts on the new Audi look in China. One user said: "Honestly? This is hilarious. It's one of those things that make you believe the simulation is real and the creator is going for maximum silliness. "Next week: Mercedes launches 'MERCEDES'." Another commented: "China is a different market. There's an Audi A7 L there. I guess Audi China knows what it is doing. "In my opinion, it looks exactly like one of those new Chinese electric car brands without personality in their designs." Meanwhile a 'new' classic Jaguar has been unveiled with a roaring petrol engine - just days after the British firm's controversial re-brand ahead of its electric revolution. A monstrous version of Jag's iconic XJS model has been revealed for the first time, although the marque won't be the ones making it. Indeed, Berkshire-based car maker Tom Walkinshaw Racing, known as TWR, is the brains behind this very cool looking XJS Supercat. The limited-edition beast is a modernised take on the classic sports car, which Jaguar originally produced between 1975 and 1996. Widely considered one of the most famous Jags, some 115,413 XJS models rolled off production lines in that time - and today it's considered a mainstay at classic car shows. "Available to commission" now, the timing of the arrival of TWR's XJS Supercat couldn't have come at a more curious period in Jaguar's 102-year history, as the manufacturer is in the midst of one of motoring history’s most outrageous rebrands. This month, they began the first phase of their transition by putting a stop to all of their current models being sold in dealerships , with only the F-Pace to be carried over into 2025. READ MORE SUN STORIES This is because the firm is fully committed to going all-electric by next year, with a handful of brand new models to be released - including a four-door GT that's to be fully unveiled in concept form next week. They then sent ripples through the motoring world when they released a new logo along with a bizarre teaser video that received backlash on social media . By Jacob Jaffa , Motors Reporter What is being investigated? The FCA announced in January that it would investigate allegations of "widespread misconduct" related to discretionary commission agreements (DCAs) on car loans . When you buy a car on finance, you are effectively loaned the value of the car while you pay it off. These loans have interest payments charged on top of them and are often organised on behalf of lenders by brokers - usually the finance arm of a dealership . These brokers earn money in the form of commission - a percentage of the interest payments on the loan. DCAs allowed brokers to, to a certain extent, increase the interest rate on a loan, which in turn increased the amount of commission they received. The practice was banned by the FCA in 2021. Who is eligible for compensation? The FCA estimates that around 40% of car deals may have been affected before 2021. There are two criteria you must meet to have a chance at receiving compensation. First, you must be complaining in relation to a finance deal on a motor vehicle (including cars, vans, motorbikes and motorhomes ) that was agreed before January 28 2021. Second, you must have bought the vehicle through a mechanism like Personal Contract Purchase (PCP) or Hire Purchase (HP), which make up the majority of finance deals and mean you own the vehicle at the end of the agreement. Drivers who leased a car through something like a Personal Contract Hire, where you give the car back at the end of the lease, are not eligible.

Iowa Secretary of State Paul Pate spoke at a news conference on election integrity and security efforts ahead of the Nov. 5 general election at the state's State Emergency Operations Center in Johnston Oct. 30, 2024. (Photo by Robin Opsahl/Iowa Capital Dispatch) Iowa Secretary of State Paul Pate and Attorney General Brenna Bird filed a lawsuit in federal court Tuesday accusing the U.S. Citizenship and Immigration Services of unlawfully withholding information about individuals registered to vote who were identified by the state as potential noncitizens. Two weeks before the 2024 general election, Pate issued guidance to county auditors to challenge the ballots of 2,176 registered voters identified by the office as potential noncitizens. These people had reported to the Iowa Department of Transportation or another government entity that they were not U.S. citizens in the past 12 years and later registered to vote. While a majority were likely naturalized citizens, who are legally able to vote, at least some were not citizens — making their registration and participation in Iowa elections illegal. The move was challenged in court by the ACLU, on behalf of naturalized citizens and the League of United Latin American Citizens, on the basis that the guidance prevented U.S. citizens from casting regular ballots. However, U.S. District Judge Stephen Locher ruled that the Secretary of State’s office guidance could stand in a decision days before the election, as it was confirmed there were at least some individuals on the list who were not U.S. citizens. Pate argued the directive was necessary because the federal USCIS office was unwilling to share the citizenship status of the people identified as potential noncitizens. The Secretary of State’s office was denied access to the U.S. Citizenship and Immigration Services’ Systematic Alien Verification for Entitlements (SAVE) database to confirm the individuals’ citizenship, he said. Pate also told reporters that a USCIS employee in Des Moines contacted the Secretary of State’s office check the citizenship status of the listed people, but that the federal office would not release this information. The lawsuit filed Tuesday argues that the federal government “(refused) to comply with law and answer valid requests for information from the Secretary of State of Iowa for the citizenship status of those people on the voter rolls for whom the State cannot verify their citizenship status using existing state resources.” It points to U.S. Code that requires the federal government to respond to inquiries by federal, state and local government agencies to verify the citizenship status of individuals within their jurisdictions. In a news release on the lawsuit, Pate said his office works to uphold a balance between “participation and integrity,” in enforcing election law, and that access to the SAVE database and the federal government’s information on potential noncitizens appearing on Iowa voter rolls is needed to ensure both these components are being met. “We have identified solutions that will allow us to verify voter eligibility at registration – not at the time of voting,” Pate said in a statement. “The combination of access to the SAVE list, citizenship verification already completed by USCIS, and the ability to verify using social security numbers will not only make processes more efficient but will also provide another important tool in our toolbox to safeguard our elections process.” The lawsuit states Iowa plans to “continue to negotiate in good faith to access the SAVE program.” Pate also told reporters Monday that he is looking potential options to address noncitizen voting and access to federal citizenship information that could be passed through the Iowa Legislature in 2025. The ACLU issued a statement Tuesday criticizing Iowa’s lawsuit as a “waste of time and money.” “The federal government already offers access to some of this citizenship data to all states, as long as they simply agree not to misuse the data,” the ACLU said in a statement. “The Iowa Secretary of State is suing instead of agreeing to follow the federal government’s own rules for using the data. All of this is especially concerning because the Secretary has a history of misusing data in a way that denies Iowans’ voting rights. Just this past election, in Iowa hundreds and perhaps thousands of naturalized citizens were improperly targeted and challenged at the polls, including many who were not allowed to vote a regular ballot, because the Secretary improperly used stale Department of Motor Vehicle data to call their citizenship into question — although he partially backed down after we took him to court.” However, Bird said the lawsuit was needed because the federal government was aware of the noncitizens currently on Iowa voter rolls but “has repeatedly refused to tell us who they are.” Federal officials had identified about 250 names on Iowa’s voter registry who appeared to be noncitizens, but did not release the names of the individuals to the state. “The law is clear: voters must be American citizens,” Bird said in a statement. “Together, with the Secretary of State, we will fight to maintain safe and secure elections that Iowans can count on.”

Tweet Facebook Mail The federal government said it is closely looking into Commonwealth Bank 's move to charge their customers a $3 withdrawal fee. It comes the day after Australia's largest bank announced that from January 6, customers will be charged a fee for withdrawing cash over the counter at a branch, post office or over the phone. The fee won't apply to customers under the age of 18 or any ATM withdrawals.  READ MORE:  'Positive shift' as Aussies turn to zero-alcohol drinks over holidays The federal government said it is looking into Commonwealth Bank's "out-of-touch" move to charge their customers a $3 withdrawal fee. Commonwealth is forcing existing customers to move from their complete access accounts to new smart access accounts. Finance Minister Katy Gallagher today urged the bank to reverse the decision. "This type of charging and looking at $3 per transaction, I think, it's really hard, and particularly for those customers that have those types of accounts and want to go into the branches," she told ABC News Breakfast. "So we're having a close look at this ... I would really think that some goodwill here just before Christmas is for the CBA to have a think about the announcement that they made yesterday." READ MORE:  Home buyer battles neighbours swimming in her $1.29m backyard Commonwealth Bank isn't the only institution that charges customers a withdrawal fee. (iStock) Commonwealth Bank's retail banking services group executive Angus Sullivan defended the decision yesterday, saying it would only affect 10 per cent of their customers. "The last thing we want to do is upset our customers," he told Nine's A Current Affair . "We're doing as much as we can to support them with fee-free options, support, exemptions to make this change as manageable as possible. "But the reality is, there's also a cost associated with offering this service." Commonwealth Bank isn't the only institution that charges customers a withdrawal fee. ANZ, NAB and Bendigo Bank charge some of their customers fees ranging from 80 cents to $3.  DOWNLOAD THE 9NEWS APP : Stay across all the latest in breaking news, sport, politics and the weather via our news app and get notifications sent straight to your smartphone. Available on the Apple App Store and Google Play .BOSTON (AP) — Two men, including a dual Iranian American citizen, have been arrested on charges that they exported sensitive technology to Iran that was used in a drone attack in Jordan that killed three American troops early this year and injured dozens of other service members, the Justice Department said Monday. The pair were arrested after FBI specialists who analyzed the drone traced the navigation system to an Iranian company operated by one of the defendants, who relied on technology funneled from the U.S. by his alleged co-conspirator, officials said. “We often cite hypothetical risk when we talk about the dangers of American technology getting into dangerous hands,” said U.S. Attorney Joshua Levy, the top federal prosecutor in Massachusetts. “Unfortunately, in this situation, we are not speculating.” The defendants were identified as Mahdi Mohammad Sadeghi, who prosecutors say works at a Massachusetts-based semiconductor company, and Mohammad Abedininajafabadi, who was arrested Monday in Italy as the Justice Department seeks his extradition to Massachusetts. Prosecutors allege that Abedininajafabadi, who also uses the surname Adedini and operates an Iranian company that manufactures navigation systems for drones, has connections to Iran’s paramilitary Revolutionary Guard. They allege that he conspired with Sadeghi to circumvent American export control laws, including through a front company in Switzerland, and procure sensitive technology into Iran. Related stories Israel will close its Ireland embassy over Gaza tensions Middle East latest: Assad says he wanted to stay in Syria but Russia evacuated him One week into a new Syria, rebels aim for normalcy and Syrians vow not to be silent again Both men are charged with export control violations, and Abedini separately faces charges of conspiring to provide material support to Iran. A lawyer for Sadeghi, a naturalized U.S. citizen who was arrested Monday in Massachusetts, did not immediately return an email seeking comment. U.S. officials blamed the January attack on the Islamic Resistance in Iraq, an umbrella group of Iran-backed militias that includes Kataib Hezbollah. Three Georgia soldiers — Sgt. William Jerome Rivers of Carrollton, Sgt. Breonna Moffett of Savannah and Sgt. Kennedy Sanders of Waycross — were killed in the Jan. 28 drone attack on a U.S. outpost in northeastern Jordan called Tower 22. In the attack, the one-way attack drone may have been mistaken for a U.S. drone that was expected to return back to the logistics base about the same time and was not shot down. Instead, it crashed into living quarters, killing the three soldiers and injuring more than 40. “To the people who were injured by this attack, to the loved ones and family members of the people who lost their lives, as the son of a combat veteran I humbly hope that today’s charges bring some measure of justice and accountability,” Levy said. Tower 22 held about 350 U.S. military personnel at the time. It is strategically located between Jordan and Syria, only 10 kilometers (6 miles) from the Iraqi border, and in the months just after Hamas’ Oct. 7 attack on Israel, and Israel’s blistering response in Gaza, Iranian-backed militias intensified their attacks on U.S. military locations in the region. Following the attack, the U.S. launched a huge counterstrike against 85 sites in Iraq and Syria used by Iran’s Revolutionary Guard and Iranian-backed militia and bolstered Tower 22’s defenses. ____ Tucker and Copp reported from Washington.

Chrystia Freeland’s resignation triggers chaos and Liberal calls for Justin Trudeau to step down

By STEVE LEBLANC, ERIC TUCKER and TARA COPP BOSTON (AP) — Two men, including a dual Iranian American citizen, have been arrested on charges that they exported sensitive technology to Iran that was used in a drone attack in Jordan that killed three American troops early this year and injured dozens of other service members, the Justice Department said Monday. The pair were arrested after FBI specialists who analyzed the drone traced the navigation system to an Iranian company operated by one of the defendants, who relied on technology funneled from the U.S. by his alleged co-conspirator, officials said. “We often cite hypothetical risk when we talk about the dangers of American technology getting into dangerous hands,” said U.S. Attorney Joshua Levy, the top federal prosecutor in Massachusetts. “Unfortunately, in this situation, we are not speculating.” The defendants were identified as Mahdi Mohammad Sadeghi, who prosecutors say works at a Massachusetts-based semiconductor company, and Mohammad Abedininajafabadi, who was arrested Monday in Italy as the Justice Department seeks his extradition to Massachusetts. Prosecutors allege that Abedininajafabadi, who also uses the surname Adedini and operates an Iranian company that manufactures navigation systems for drones, has connections to Iran’s paramilitary Revolutionary Guard. They allege that he conspired with Sadeghi to circumvent American export control laws, including through a front company in Switzerland, and procure sensitive technology into Iran. Both men are charged with export control violations, and Abedini separately faces charges of conspiring to provide material support to Iran. A lawyer for Sadeghi, a naturalized U.S. citizen who was arrested Monday in Massachusetts, did not immediately return an email seeking comment. U.S. officials blamed the January attack on the Islamic Resistance in Iraq, an umbrella group of Iran-backed militias that includes Kataib Hezbollah. Three Georgia soldiers — Sgt. William Jerome Rivers of Carrollton, Sgt. Breonna Moffett of Savannah and Sgt. Kennedy Sanders of Waycross — were killed in the Jan. 28 drone attack on a U.S. outpost in northeastern Jordan called Tower 22. In the attack, the one-way attack drone may have been mistaken for a U.S. drone that was expected to return back to the logistics base about the same time and was not shot down. Instead, it crashed into living quarters, killing the three soldiers and injuring more than 40. “To the people who were injured by this attack, to the loved ones and family members of the people who lost their lives, as the son of a combat veteran I humbly hope that today’s charges bring some measure of justice and accountability,” Levy said. Tower 22 held about 350 U.S. military personnel at the time. It is strategically located between Jordan and Syria, only 10 kilometers (6 miles) from the Iraqi border, and in the months just after Hamas’ Oct. 7 attack on Israel, and Israel’s blistering response in Gaza, Iranian-backed militias intensified their attacks on U.S. military locations in the region. Following the attack, the U.S. launched a huge counterstrike against 85 sites in Iraq and Syria used by Iran’s Revolutionary Guard and Iranian-backed militia and bolstered Tower 22’s defenses. ____ Tucker and Copp reported from Washington.

Controversial Pundit's Oceania Tour Hits Immigration RoadblockNEW YORK, Dec. 03, 2024 (GLOBE NEWSWIRE) -- Ready Capital Corporation (NYSE: RC ) ("Ready Capital" or the "Company") today announced that it priced an underwritten public offering of $115.0 million aggregate principal amount of 9.00% Senior Notes due 2029 (the "Notes"). The Notes will be issued in minimum denominations and integral multiples of $25.00. The Company has granted to the underwriters a 30-day over-allotment option to purchase up to an additional $17.25 million aggregate principal amount of the Notes at the public offering price, less the underwriting discount. The Company intends to use the net proceeds from this offering to originate or acquire target assets consistent with its investment strategy and for general corporate purposes. Morgan Stanley & Co. LLC, Piper Sandler & Co., RBC Capital Markets, LLC, UBS Investment Bank and Wells Fargo Securities, LLC served as book-running managers for the offering. The offering is expected to close on December 10, 2024 and is subject to customary closing conditions. The Company intends to apply to list the Notes on the New York Stock Exchange under the symbol "RCD" and, if the application is approved, trading is expected to commence within 30 days of the closing of the offering. A registration statement relating to the securities was filed with the Securities and Exchange Commission (the “SEC”) and immediately became effective on March 22, 2022. The offering was made only by means of a preliminary prospectus supplement and accompanying prospectus, which have been filed with the SEC. A copy of the prospectus supplement and accompanying prospectus may be obtained free of charge at the SEC's website at www.sec.gov or from the underwriters by contacting: Morgan Stanley & Co. LLC by calling 1-800-584-6837, Piper Sandler & Co. at 1251 Avenue of the Americas, 6th Floor, New York, NY 10020, or by calling toll-free 866-805-4128, or by email at fsg-dcm@psc.com , RBC Capital Markets, LLC by calling 1-866-375-6829 or by emailing rbcnyfixedincomeprospectus@rbccm.com , UBS Investment Bank by calling 1-888-827-7275, Wells Fargo Securities, LLC by calling 1-800-645-3751 or by emailing wfscustomerservice@wellsfargo.com . This press release shall not constitute an offer to sell or the solicitation of an offer to buy any of the Company's securities, nor shall there be any sale of the Company's securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state. About Ready Capital Corporation Ready Capital Corporation (NYSE: RC) is a multi-strategy real estate finance company that originates, acquires, finances and services lower-to-middle-market investor and owner occupied commercial real estate loans. Ready Capital specializes in loans backed by commercial real estate, including agency multifamily, investor, construction, and bridge as well as U.S. Small Business Administration loans under its Section 7(a) program. Headquartered in New York, New York, Ready Capital employs approximately 350 professionals nationwide. Ready Capital is externally managed and advised by Waterfall Asset Management, LLC. Forward-Looking Statements This press release contains certain forward-looking statements. Words such as "believe," "expect," "anticipate," "estimate," "plan," "continue," "intend," "should," "could," "would," "may," "potential" or the negative of those terms or other comparable terminology are intended to identify forward-looking statements. These forward-looking statements are subject to the inherent uncertainties in predicting future results and conditions, many of which are beyond the control of the Company, including, without limitation, the risk factors and other matters set forth in the prospectus supplement and the accompanying prospectus and the Company's Annual Report on Form 10–K for the year ended December 31, 2023 filed with the SEC and in its other filings with the SEC. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by law. Contacts: Investor Relations Ready Capital Corporation 212-257-4666 InvestorRelations@readycapital.com

Indiana manufacturer increases imports from China ahead of Trump tariffs

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe here . > 24/7 San Diego news stream: Watch NBC 7 free wherever you are U.S. government shutdown suspended The U.S. government narrowly avoided a shutdown after President Joe Biden signed a stopgap government funding bill on Saturday. President-elect Donald Trump and Elon Musk thwarted an initial, negotiated funding plan Wednesday by harshly criticizing its provisions, and specifically insisted on suspending the U.S. debt limit for two years. Slight chill in price increases U.S. headline inflation in November rose just 0.1% from October , according to the personal consumption expenditures price index. On an annual basis, prices increased 2.4%. Both readings were 10 basis points lower than expected. Core inflation also came in 10 basis points below forecast. The PCE is the U.S. Federal Reserve's preferred gauge of inflation. Markets in the U.S. bounced On Friday, the S&P 500 rose 1.09%, the Dow Jones Industrial Average added 1.18% and the Nasdaq Composite climbed 1.03%. But all indexes fell on the week . The pan-European Stoxx 600 fell 0.88% to end the week 1.9% lower . Novo Nordisk shares plunged 17.8% after the Danish pharmaceutical company reported disappointing trial results for a new weight loss drug. CEOs see the door Blue-chip companies, such as Boeing , Intel and Starbucks , announced changes in their chief executive officers this year. They're not alone. There were 327 CEO departures in U.S. public companies this year through November, according to outplacement firm Challenger, Gray & Christmas. That's the highest level since the firm started tracking data in 2010. [PRO] Will Rudolph's red nose outshine Santa? After a few rocky weeks of trading, stocks are poised to end December in the red. But the Santa Claus rally , traditionally occurring on the last five trading days of the year and the first two of the next, could reignite seasonal cheer. In data going back to 1969, the S&P has added 1.3% on average, according to the Stock Trader's Almanac. Money Report Asia markets begin Christmas week higher; Nissan-Honda merger deal in focus How Gen X and millennials are changing the face of the traditional family office as they inherit over $80 trillion Stocks sold off on Wednesday after the Fed indicated it sees two quarter-point rate cuts in the year ahead, fewer than the four previously projected. "We have been moving sideways on 12-month inflation," said Fed Chair Jerome Powell at his news conference. But November's PCE came in cooler than expected. "Sticky inflation appeared to be a little less stuck this morning," said Chris Larkin, managing director of trading and investing at E-Trade Morgan Stanley. The Fed has emphasized again and again that it's "data-dependent." Would the Fed, then, have presented the world with a slightly different dot plot, if they'd had the chance to review the PCE data first? Giving slight credence to that train of thought, Chicago Fed President Austan Goolsbee told CNBC's Steve Liesman he's hopeful November's inflation reading "suggests that the couple of months of firming were more of a bump than a change in path." In other words, the economy is "still on path to get to 2%," said Goolsbee. Then again, Powell said in July that the central bank would be "data dependent, but not data-point dependent" in determining when to cut rates. Even if November's PCE index did signal inflation returning to its downward trajectory, one month's data wouldn't have shifted the dots around. Perhaps two consecutive months of cooler reading might have? Those questions are rhetorical. Conditional questions are unanswerable, especially in markets. But in their indeterminacy and circuitous nature, they highlight the fact that trying to time or game the market, especially in volatile times like these, might not be the best idea. Instead, dig deep into the fundamentals — earnings, cash flow, future income — which sway stocks even as inflation and interest rates rise and fall. Remember the days when inflation reports and Fed meetings were just another day in markets? (Not a rhetorical question.) — CNBC's Jesse Pound, Brian Evans and Sean Conlon contributed to this report. Also on CNBC In search of certainty, markets find volatility instead More certainty of increased volatility Thwarted expectations of more Fed cuts hammered markets

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