Bitcoin hovers near $63,000 as markets weigh 66% odds of a September Fed rate hike, with Chairman Warsh's inflation judgment crucial amid mixed indicators ranging from 2.2% to 3.7% above the 2% target
US President Donald Trump expresses trust in Russian President Putin and Chinese President Xi Jinping's assurances that their countries are not supplying weapons to Iran, despite allegations from some US circles.
EPFO introduces Amnesty Scheme 2026, a one-time opportunity for exempted PF trusts to regularize their status for six months starting June 29, 2026. The scheme offers retrospective regularization and waives certain compliance requirements, including pending assessments for dues and damages under specific conditions.
Folarin Balogun's one-game ban was suspended by FIFA after a red card against Bosnia and Herzegovina. Manager Mauricio Pochettino celebrated the decision, calling the initial red card "unfair" and referencing potential lobbying from Donald Trump. Belgium manager Rudi Garcia also commented on the surprising decision.
The UK government announced new NHS performance standards that will rate trusts on how well they address racism, violence, and sexual misconduct towards staff. Starting July, these measures will affect over 1.5 million staff across England, influencing overall trust ratings alongside waiting list and A&E metrics.
President Trump's latest financial disclosure reveals billions in revenue from cryptocurrency ventures, including those linked to Pakistan. This has reignited ethics debates and opened a new geopolitical chapter involving Pakistan, potentially impacting India.
The UK government plans to introduce limits on executive pay in academy trusts, capping salaries at £174,000 and restricting future increases to align with teacher pay awards. This move aims to ensure fairness for taxpayers and teachers, addressing concerns over "banker-style" salaries and excessive pay rises in publicly funded schools.
Revolut is ending its 'remote-first' policy for its 2027 graduate and intern cohorts, requiring them to work in-office at least three days a week. This change, affecting hundreds of junior trainees, aims to foster in-person collaboration and mentoring, but the remote-first policy remains unchanged for its wider 11,000-strong global workforce.
Morgan Stanley filed amended registration statements for proposed Ethereum and Solana ETF trusts, setting a 0.14% annual delegated sponsor fee, the lowest for such products globally. The move aims to position these crypto assets as portfolio building blocks for institutional investors.
As a UK social media ban for under-16s looms, experts suggest replacing online connection with real-world activities like youth clubs, creative projects, and tech-based challenges, emphasizing purpose and belonging over passive scrolling.
The Information Commissioner's Office (ICO) is investigating Oxevision, a camera and sensor system used by 40% of NHS mental health trusts to monitor patients in their bedrooms, over data protection concerns. Patients describe it as 'creepy' and 'spying,' while a bereaved mother claims it contributed to her daughter's paranoia before suicide. Oxehealth (now LIO) states the technology enhances safety and frees up staff time.
Australia's Prime Minister Anthony Albanese has announced expanded capital gains tax (CGT) exemptions for small businesses, including startups and testamentary trusts. The government increased the turnover threshold to $10 million, making the exemption "substantially broader and significantly more generous" in response to industry criticism.
Australia will provide "generous" capital gains tax exemptions for nearly all small businesses, with exemptions for startups and testamentary trusts. The annual turnover threshold for concessions will rise to $10m, benefiting 98% of businesses.
Tata Trusts will boost charitable spending to Rs 2,000 crore this fiscal year, according to CEO Siddharth Sharma. This increase will fund initiatives in cancer care and support the establishment of a new university and hospital, reaffirming the trusts' commitment to societal upliftment.
Tata Trusts vice chairman Vijay Singh has requested an independent inquiry into a 1989 Tata Sons share transfer, citing allegations of illegal diversion of public charitable assets and a potential conflict of interest involving chairman Noel Tata. The inquiry aims to restore public confidence in the Tata Trusts.
A surprise provision in a tax law guide could lead to double taxation for trusts and estates, even those with modest income. Experts are concerned about the impact on charitable giving and the need for clarity from Congress or the Treasury Department.
Lawyers and financial advisors are concerned about a potential double taxation issue for trusts and estates stemming from a new tax law. A footnote in a congressional tax guide suggests that trusts may have to pay taxes on income distributed to beneficiaries, even if all income is distributed, creating a "mathematical nightmare."
Research suggests higher empathy scores in NHS hospitals correlate with improved patient safety, staff wellbeing, and reduced spending on agency staff. The study, which ranked trusts on empathy, found modest increases in scores linked to better CQC ratings and less burnout.
Pope Francis, during the Regina Coeli prayer, entrusted the Christian communities of the Holy Land, Lebanon, and the entire Middle East, who are suffering due to war, to Mary, Help of Christians.
Pep Guardiola is leaving Manchester City after 10 years, expressing trust in the club's conduct despite 115 Premier League financial charges. He will become an ambassador for City Football Group after a break from coaching.
Prime Minister Anthony Albanese passionately defended Labor's proposed tax reforms, including changes to negative gearing and capital gains tax, stating they aim to rebalance the housing market for first-home buyers and support aspiration for all Australians. He faced criticism but received a standing ovation at a state conference.
Ukrainian drones struck the Syzran oil refinery in Russia, over 800km inside the country, causing a fire and killing two people. President Zelenskyy stated this is part of a broader plan targeting Russian oil revenues amid escalating attacks.
Australia's budget proposes a 30% minimum tax on new discretionary trusts, exempting deceased estates and existing testamentary trusts. While critics label it a 'death tax,' experts argue it targets tax minimization, not inheritance value, though it may increase taxes on intergenerational wealth transfer.
SBI Group plans to launch Bitcoin and Ethereum ETFs in Japan, pending regulatory reforms on crypto funds and taxation. The asset manager aims for a $31.5 billion AUM target within three years, leveraging Japan's large household savings and existing investment infrastructure.
