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Chase Bank Limits Cash Withdrawals, Bans International... Before you read this report, remember to sign up to http://pennystockpaycheck.com for 100% free stock alerts Chase Bank has moved to limit cash withdrawals while banning business customers from sending...

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Richemont chairman Johann Rupert to take 'grey gap... Billionaire 62-year-old to take 12 months off from Cartier and Montblanc luxury goods groupRichemont's chairman and founder Johann Rupert is to take a year off from September, leaving management of the...

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Cambodia: aftermath of fatal shoe factory collapse... Workers clear rubble following the collapse of a shoe factory in Kampong Speu, Cambodia, on Thursday

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Spate of recent shock departures by 50-something CEOs While the rising financial rewards of running a modern multinational have been well publicised, executive recruiters say the pressures of the job have also been ratcheted upOn approaching his 60th birthday...

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UK Uncut loses legal challenge over Goldman Sachs tax... While judge agreed the deal was 'not a glorious episode in the history of the Revenue', he ruled it was not unlawfulCampaign group UK Uncut Legal Action has lost its high court challenge over the legality...

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Workers ‘losing track of pensions’

Category : Business, World News

People changing jobs are losing track of their clutch of workplace pension pots – making retirement planning more difficult, a charity says.

Read more: Workers ‘losing track of pensions’

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Local Cars charged us €1,200 to repair faulty clutch

Category : Business

Algarve car hire firm says we must pay for a burnt-out clutch but we were not to blame

In June we hired a Peugeot 307SW from a Portuguese car hire firm called Local Cars based in the Algarve. Midway through our holiday, I noticed the clutch had started to slip. Not wishing to cause damage, I rang the office and was advised that it probably was not slipping as it had just had a new clutch. I insisted it was, and staff eventually agreed to pick it up and change it for another car.

I was impressed with the service until, later in the week, I found Local Cars had charged me €1,200 (£935). I was told it was because I had burnt out the clutch. We only had the car for eight days and drove carefully to the beach and back, and locally. I have repeatedly asked for this sum to be returned, but the company refuses to budge. What should we do next? SE, London

We are getting so many car hire complaints at the moment we could fill this column each week. We asked Local Cars for an explanation and it said that the €1,200 fee was the excess on the policy, and because you had caused the damage, it thought you should pay.

When we pointed out that, in the circumstances, this was unlikely, it rather bizarrely claimed that you must drive an automatic car (which you don’t). We asked for evidence. It sent a bill for the work supposedly carried out, but this turned out to be an estimate. It claimed to have recovered the damaged car by tow truck, but you watched as they drove it away.

When we asked for further clarifications, the emails stopped.

The most likely cause is that the clutch repair you were told about, wasn’t carried out properly, so the car failed again. On our advice you have logged this with your credit card provider – Sainsbury’s Bank. It will now try to push through a chargeback to get your money back, and will have to ask Local Cars to account for the fee. In the meantime, it has put the amount on hold, meaning you will not have to pay until the dispute is resolved.

Other readers, please save yourself the hassle, and buy excess cover from the various providers – before you go. It costs a few pounds a day and solves most of these problems. The European Commission needs to tackle the car hire industry as we are seeing too many of these types of dispute. Firms are holding consumers to ransom knowing that they face a big battle to get their problems resolved once they have left the hiring country.

We welcome letters but cannot answer individually. Email us at consumer.champions@guardian.co.uk or write to Bachelor & Brignall, Money, the Guardian, 90 York Way, London N1 9GU. Please include a daytime phone number.

Barclays’ (BCS) compliance department was given 3 internal warnings in 2007 and 2008 about conflicts of interest and "patently false" submissions to the panel that sets Libor, but did nothing about it. The failings emerged from the $453M…

Category : World News

Barclays’ (BCS) compliance department was given 3 internal warnings in 2007 and 2008 about conflicts of interest and “patently false” submissions to the panel that sets Libor, but did nothing about it. The failings emerged from the $453M settlement Barclays struck last week. “They never told senior management about this,” a source told the FT, a quote Bob Diamond can clutch at for his defense. Post your comment!

Read the original post: Barclays’ (BCS) compliance department was given 3 internal warnings in 2007 and 2008 about conflicts of interest and "patently false" submissions to the panel that sets Libor, but did nothing about it. The failings emerged from the $453M…

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Web Series Clutch Defies Tradition and Sweeps Awards Circuit

Category : World News

Clutch, a femme fatale web series that plays like a mashup of Oliver and Nikita, has been racking up awards despite it’s R-Rated nature and action genre. This has made it all worth it for creator Jonathan Robbins.

Go here to see the original: Web Series Clutch Defies Tradition and Sweeps Awards Circuit

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Lin comes up big again as Knicks win

Category : World News

Mike D’Antoni shook his fists in the air as Jeremy Lin’s clutch shot fell through the net.
It wasn’t just the basket that had D’Antoni giddy. It’s the feeling that he’s found the point guard who can get his offense running.

View post: Lin comes up big again as Knicks win

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