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Politics

Poundland owner extracted millions when chain was on ‘knife-edge’, MPs say

Retailer’s management to seek two-week extension of legal protection from creditors in high court MPs have accused the owner of Poundland of extracting millions of pounds from the budget retailer when it was on a “knife-edge” as it seeks extra time to secure a rescue deal. The management of Poundland, which employs 12,000 people and operates 600 stores in the UK and Ireland, will seek a two-week extension of legal protection from creditors from the high court on Thursday morning. Continue reading...

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Politics

Double amputee marathon runner criticises Badenoch for ‘weaponising his success’

Paralympian Richard Whitehead ‘gobsmacked’ at Tory leader’s speech over proposed £36bn welfare cuts The double amputee marathon runner Richard Whitehead has criticised Kemi Badenoch for “weaponising his sporting success” to justify her proposed £36bn welfare cuts. The Conservative leader used the example of “double amputees running marathons” in a speech this week to explain the reasoning behind her proposed cuts to disability benefits, which she said were enabling people to “live a life of dependency”. Continue reading...

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Crypto

Why Is Crypto Crashing? Elon Musk’s Grok AI Predicts BTC to $40K

Why is crypto crashing today? BTC/USD fell to $73,700 overnight, down another 0.8%, as $744M in liquidations triggered another market-wide crash after hotter-than-expected CPI data on November 10 spiked fears of further rate hikes later this year. With macroeconomic tailwinds driving high volatility, Elon Musk’s Grok AI predicts Bitcoin could crash to $40K by the […] The post Why Is Crypto Crashing? Elon Musk’s Grok AI Predicts BTC to $40K appeared first on Cryptonews.

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International

Ex-member of radical Marxist group scales balcony, escapes house arrest in Argentina

Leonardo Bertulazzi, 74, awaiting extradition to Italy, reportedly used harness to flee custody A 74-year-old former member of Italy’s radical Marxist group the Red Brigades has escaped from house arrest in Argentina, the country’s security ministry confirmed on Wednesday, after he reportedly hid his ankle monitor inside a tube of pork and lowered himself from a fifth-floor balcony. Authorities placed Leonardo Bertulazzi under house arrest in Buenos Aires in 2024, prior to his extradition to Italy to serve a 27-year prison sentence. He had received the sentence in 1987 for joining a subversive

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Sports

‘I’ve had to prove people wrong’: Kane still striving before record England cap

Captain to surpass Shilton with 126th cap against Croatia Kane aims to increase record for younger players to catch Harry Kane says he still feels a pressure to prove his worth, even as he prepares to become England’s most capped men’s player, as he outlined his determination to set records that will stand for years. The captain will make his 126th appearance against Croatia at ­Wembley on Thursday night, moving him ahead of Peter Shilton on the all-time list. Kane is England’s record ­goalscorer with 91, comfortably clear of Wayne Rooney, who retired with 53. Continue reading...

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Sports

Complaint filed to IRS in relation to Fifa head Gianni Infantino’s housekeeper

It calls for inquiry into claims she was on Fifa payroll Fifa: Infantino personally pays for ‘any domestic staff’ A complaint has been filed to the United States Internal Revenue Service calling for an investigation into claims an individual on the Fifa payroll was working privately as a housekeeper for Gianni Infantino. If the IRS investigates and finds the claims to be proven then Fifa could lose its tax-exempt status in the US. Fifa has 501(c)(4) status in the country, a category for organisations “created to promote community welfare for charitable, educational or recreational purposes”. C

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Politics

The Guardian view on welfare reform: time to retire lazy myths and stereotypes | Editorial

A speech by the leader of the opposition exemplifies much that is wrong with the way British politics conventionally talks about benefit claimants There is a big difference between expenditure that is rising and a rise that is “out of control”. The amount Britain spends on social security is in the former category. Too much political rhetoric around the subject assumes that it is in the latter one. The Office for Budget Responsibility forecasts the growth in welfare spending over the next five years at 0.2%-0.5% of gross domestic product, from £353bn this year to £431bn in 2032. That money mig

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Finance

ITV to cut show budgets as UK TV and film production spend drops by more than £2bn

Broadcaster plans to make £30m in ‘temporary’ savings before inquiry into takeover by Sky ITV plans to slash its programming budget as new figures showed that spend on the production of films and prestige TV shows in the UK was down more than £2bn over the last year. The broadcaster plans to make £30m in “temporary” savings, including £25m in content and £5m elsewhere in the business. Continue reading...

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