The Christian Brothers religious order is reportedly facing bankruptcy by September, spending $1.7 million weekly on abuse victim payouts. An application for a stay on civil claims was adjourned, with lawyers for survivors seeking more time to assess asset sale plans.
The Anglican Diocese of North Queensland is selling 11 churches and rectories to fund payouts for historic child sexual abuse victims, with receiver estimating obligations to reach $11 million by 2028. Services are being held to deconsecrate buildings, causing grief to long-time congregants.
PGA Tour CEO Brian Rolapp announces a new competitive model starting in 2028, featuring a two-series format: the PGA Tour Championship Series and the PGA Tour Challenger Series, aimed at enhancing competition and increasing winner payouts.
International Distribution Services (IDS) CEO Martin Seidenberg received nearly £7m in pay and bonuses, more than triple the previous year's amount, despite a 20% drop in group profits. The surge in pay is attributed to the £3.6bn takeover by Daniel Křetínský, triggering incentive awards.
Former pupils of Canolfan Brynffynnon in Y Felinheli have spoken out about alleged abuse, including being forced to eat dog biscuits off the floor and being pelted with footballs. Cyngor Gwynedd has admitted abuse took place and apologised, settling nine out of ten claims.
Former pupils of Canolfan Brynffynnon in Y Felinheli have spoken out about alleged abuse, including being forced to eat dog biscuits and being pelted with footballs. Cyngor Gwynedd has admitted abuse took place and apologised, with nine out of 10 claims settled.
BlackRock has launched the iShares Bitcoin Premium Income ETF (BITA), which aims to provide investors with Bitcoin upside while generating monthly income by selling call options on its holdings. The ETF is expected to offer a mid-to-high-teens yield.
Following the abandonment of a proposed "weaponization" fund, allies of former President Trump are now considering the 1946 Federal Tort Claims Act to provide compensation to supporters, including those involved in the January 6th Capitol events. This law allows individuals to file claims against the U.S. government for alleged wrongdoing.
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Despite Justice Department claims that a $1.8 billion compensation fund for Trump allies is not moving forward, insiders suggest officials are exploring ways to compensate loyalists, including January 6 rioters, potentially through the Federal Tort Claims Act.
MassPay and Coinbase have partnered to offer stablecoin cross-border payouts, connecting MassPay's global network with Coinbase's crypto infrastructure. The collaboration aims to reduce costs and settlement times for international payments.
Archax has launched a new system on Hedera that allows tokenized securities to distribute interest payments in USDC in real time. This innovation ensures yield follows ownership continuously, addressing market inefficiencies and building on Archax's previous work with tokenized assets.
The 2026 FIFA World Cup will feature a record $871 million prize pool for national federations and $355 million for clubs, reflecting its expanded scale across the US, Canada, and Mexico. Funds are distributed based on team performance, qualification, and preparation grants, with clubs compensated for player release.
Nationwide's CEO Debbie Crosbie received an 88% pay increase to £4.7m, largely due to a new bonus scheme, while eligible staff get a 3.8% pay rise. The move raises governance concerns among critics, citing the lack of a binding member vote on her pay package and the society's democratic values.
President Trump's $1.8 billion compensation fund for allies faces obstacles, but hundreds of Capitol rioters are seeking payouts via the Federal Tort Claims Act, with at least 600 claims filed so far.
Senate Republicans narrowly defeated a Democratic attempt to block Donald Trump's proposed $1.8bn fund for allies. The amendment failed 49-50, with three Republicans joining Democrats. The fund, intended for those connected to the January 6 insurrection, has caused internal party division.
A $150 million prediction market on Polymarket is in chaos after the platform denied payouts for a correctly predicted Bitcoin sale by Strategy, citing a confirmation date technicality. The dispute exposes flaws in decentralized market resolution mechanisms and has led to accusations of manipulation.
Donald Trump is reportedly reconsidering a $1.8bn fund for allies after facing legal challenges and political backlash, including from within his own party. The fund, intended to compensate victims of politicized prosecutions, has been temporarily blocked by a judge and criticized as a "Maga slush fund."
A Westminster inquiry heard that the UK's Windrush compensation scheme is failing survivors, with nearly 60% of claims denied. Windrush commissioner Clive Foster urged for funded legal support, comparing it to schemes for Post Office Horizon and infected blood scandal victims.
Cyprus, holding the EU Council presidency, is set to reject Germany's demands for significant cuts to the bloc's next seven-year budget. Nicosia plans to unveil new figures by June 10, resisting pressure from wealthier nations to reduce spending on farmers and poorer regions, a move favored by Southern and Eastern European countries.
Democrat-led US states are considering a 100% tax on payouts from Donald Trump's $1.776 billion 'Anti-Weaponization Fund,' intended to compensate victims of alleged government overreach. A federal judge has temporarily blocked the fund's establishment, while critics label it a 'slush fund.'
PFRDA launches Retirement Income Scheme (RIS) under NPS for systematic payouts from 80% of corpus until age 85, aiming for income stability and corpus longevity. RIS offers phased withdrawals with age-linked asset allocation, but payouts remain market-linked and tax treatment is unclear.
Philippine Senator Jose 'Jinggoy' Estrada charged with plunder and violating anti-corruption laws in infrastructure scandal
Employees at Samsung affiliates are expressing dissatisfaction and a sense of deprivation following Samsung Electronics' agreement to provide substantial bonuses, even to loss-making divisions within its semiconductor unit. This has sparked demands for improved compensation systems and expanded rewards across other Samsung companies.
