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Barclays sets aside extra £600m for PPI claims in Q3

Barclays. Credit: PA Wire

Barclays has set aside an extra £600 million to meet compensations claims for the mis-selling of payment protection insurance (PPI) in the third quarter.

The sum brings the total provision over the past two quarters alone to £1 billion, after £400 million was set aside in the second quarter.

The banking industry's PPI bill already stands at more than £30 billion.

Chief executive Jes Staley said the bank is still focused on selling down and disposing its hinterland businesses to concentrate on UK and US operations.

"The growing momentum in attaining our strategic goals means we can feel optimistic of our prospects of completing the restructuring," he added.

On Wednesday, Lloyds Banking Group announced that it set aside a further £1 billion to fund compensation claims for the mis-selling of PPI.

The partly state-owned lender said it has also accounted for a further £150 million to meet other conduct issues, including £100 million relating to packaged bank accounts.


French authorities to speed up demolition of 'Jungle' camp

Police look on as part of the camp goes up in flames. Credit: PA

French officials have said the rate of demolition at the Calais "Jungle" migrant camp will be scaled up today.

Larger machinery will move in after authorities declared the clearance of the camp complete, with 5,596 people evacuated since the operation began on Monday.

However, Save The Children said it was "extremely concerned" about minors who had not been registered as the site went up in flames.

Several large fires started tearing through caravans, tents and shelters in the centre of the camp a little before midday on Wednesday, the third day of the operation to clear it.

Policeman shot dead during Venezuelan protests

Angry scenes as protesters clashed with police. Credit: Reuters

A policeman has been shot dead during protests in Venezuela.

Dozens were reported injured as thousands of anti-government protesters took to the streets in efforts to oust leftist leader Nicolas Maduro.

After launching a political trial against Maduro on in the National Assembly, the opposition coalition held nationwide marches dubbed "Takeover of Venezuela".

"This government is going to fall!" crowds chanted, many wearing white and waving national flags as they congregated at nearly 50 sites across the country.

A protester in chains. Credit: Reuters

Clashes occurred in several cities outside Caracas including the volatile western town of San Cristobal that was an epicenter of violence during 2014 anti-Maduro protests.

Maduro, the unpopular 53-year-old successor to Hugo Chavez, has presided over an unprecedented economic crisis.

He accuses the opposition of seeking a coup with US help and has vowed there will be no vote on his rule.

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