Banks charged mortgage holders $55m in extra interest after offset account errors, Asic finds

Asic has accused banks of “not getting the basics right”, after the regulator found faulty mortgage offset accounts meant borrowers were being overcharged tens of millions of dollars in extra interest payments.

French Navy carries out 'shooting drill' in English Channel mid BBC interview

ByDaniel Sexton

South East

Updated 2 hours ago

A French Navy patrol boat appeared to fire a round of gunshots "without warning" in the English Channel during a BBC interview with the UK shadow home secretary.

South Korean stock market at three-month low as AI sell-off intensifies

The sell-off in AI stocks has intensified, driving South Korea’s stock market down to its lowest level in three months.

Investors continued to ditch chip stocks on Tuesday, amid rising concerns about the huge amount of borrowing among AI companies to fund their datacentre expansion plans.

UK politics: Tories’ Philp rejects French claim that shots fired from naval boat near him were training exercise – as it happened

From

Philp rejects French claim that shots fired from naval boat near him were training exercise, not intimidation

According to Chris Philp, the French authorities are now saying the shots fired from the boat near him in the Channel were just part of a training exercise. He has accused them of not telling the truth.

Deaths feared after ‘many people’ trapped inside Japanese shopping centre following earthquake – live updates

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Deaths feared after ‘many people’ trapped inside Japanese shopping centre - reports

It is feared that a “considerable number” of people have died in a shopping mall damaged by a major earthquake in southwestern Japan, broadcaster TBS said.

France and Spain brace for heatwave that could worsen raging wildfires

Both countries expect to see temperatures soar into Wednesday, which could cause the blazes to spread.

The spread of wildfires in France and Spain that had come dangerously close to the cities of Bordeaux and Madrid appears to be slowing, authorities say, but they are bracing for yet another stifling heatwave this week, which could fan the flames of current blazes and ignite new ones.

Wildfires in south-west France flare up as region braces for new 40C heatwave

This summer's fourth heatwave was expected to start by Wednesday, bringing temperatures in the area to 40C.

Similar temperatures are expected in Spain.

Dozens of communities are still threatened by wildfires that forced more than 70,000 to evacuate their homes over the last week - although many have now been allowed back.

Andrew and Tristan Tate to remain in jail until next extradition hearing

Social media influencers Andrew and Tristan Tate will remain in jail at least two more weeks until their next hearing as they fight extradition to the United Kingdom, where the brothers are accused of rape and sex trafficking, a federal judge said on Monday.

'Do the right thing': Savannah Guthrie pleads to mother's kidnappers

It was one of two ransom notes believed to be credible that were addressed to Nancy Guthrie's family and sent to news media shortly after her January kidnapping. The first demanded millions in Bitcoin for her release; the second stated that she had died, according to US media, which cited unnamed sources.

US justice department dismisses charges against California union leader

The Department of Justice has moved to dismiss charges against a prominent California union leader who was arrested while protesting against an immigration raid in Los Angeles last year, in the latest US government case against protesters to fall apart.