Paying

Labour leadership hopeful says he does not support payments after backlash but is open to other benefitsAndy Burnham has ruled out paying compensation to the “Waspi women” who claim they lost out owing to changes to the state pension age – but said he was open to the idea of giving them other benefits.Burnham had previously indicated he backed compensating as many as 3.6 million women born in the 1950s, some of whom claim they lost thousands of pounds because they were ill-informed about the changes. Continue reading...

• One hundred days after the U.S. and Israel initiated military actions against Iran, civilians across the Middle East are facing severe hardships, including bombings, blackouts, and water shortages. • The conflict has triggered global economic instability, resulting in increased costs for food, transport, and fuel for populations worldwide. • Greenpeace asserts that this crisis is a predictable outcome of global fossil fuel dependency, which allows corporate giants and warring nations to manipulate market prices.

Report into royal property affairs reveals disgraced ex-prince generated private income from Windsor Royal LodgeAndrew Mountbatten-Windsor received private income from subletting three cottages on his Windsor Royal Lodge estate while paying a “peppercorn rent” to the crown estate, a report into royal property arrangements has revealed.The National Audit Office (NAO) review also shows that King Charles pays an “adjusted” rent from his private Duchy of Lancaster income, below open market value, for his disgraced brother’s non-working royal daughters, princesses Beatrice and Eugenie, to live in royal palaces. Continue reading...

Silicon Valley is fighting against regulation, taxes and growth of AI and will benefit from having political leverageSilicon Valley had a big night in California’s primary election, proving that the tens of millions of dollars funding candidates across the state was money well spent. While the tech industry’s preferred candidate for governor came in a scant sixth place, donations to smaller elections proved to be a successful strategy.Tech billionaires have in past months thrown their full weight into politics as the industry fights regulations, taxation and promotes the unfettered growth of artificial intelligence. Getting the right candidates in office, especially in its home turf of California, is existential. With favorable candidates, tech companies can gain both political and regulatory leverage to maintain their dominance in business. Continue reading...

Trump administration to launch online portal on Monday after supreme court struck down tariff policy earlier this yearDonald Trump said US negotiators will be in Pakistan on Monday, and he again threatened to destroy its power plants and bridges if no deal is reached.Trump did not say who would lead the delegation, but a White House official said it was vice-president JD Vance. Continue reading...

Australian treasurer says Iran war having ‘extreme impact on global economy’ as Albanese to address nation about fuel crisis Follow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastJim Chalmers has unveiled a suite of Covid-era support measures including tax deferrals for businesses struggling with soaring fuel prices, in the latest sign the government is preparing for a more severe economic downturn from the US-Israel war on Iran.Addressing the media on Wednesday morning, the treasurer said “the war in the Middle East is having an extreme impact on the global economy, [and[ Australians and Australian small businesses are paying the price for that”. Continue reading...

Court’s decision to eliminate Save plan and internal shuffling on who handles what when it comes to student loans presents new challenges for borrowersSign up for the Breaking News US email to get newsletter alerts in your inboxMany Americans with student debt are again facing future upheaval after a federal appeals court recently ordered the end of a Biden-era student loan repayment program, known as the Saving on a Value Education (Save) Plan, a move that coincided with another grim revelation: new education department data shows that by the end of 2025, 7.7 million borrowers had defaulted on $181bn in federal student loans.The Save plan, which was launched in 2023, is an income-driven repayment program created with the goal of cutting undergraduate loans in half, bringing some borrowers’ monthly payments to $0, and offering early forgiveness for low-balance borrowers. Shortly after the program was announced, Republican attorneys general across the country sued to get it killed, arguing that it was an overstep of executive power and imposed heavy taxpayer costs. Continue reading...