ABC agrees to pay $15 million to Trump in defamation lawsuit settlement

ABC agrees to pay $15 million to Trump in defamation lawsuit settlement

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ABC has agreed to pay $15 million as a part of a settlement with Donald Trump after the president-electsued the community and host George Stephanopoulos for defamation.

In March, Stephanopoulos pressed congresswoman Nancy Mace about her assist for the previous president regardless of a decide discovering him “chargeable for rape by a jury,” he stated.

“Donald Trump has been discovered chargeable for defaming the sufferer of that rape by a jury,” Stephonopoulos. “It’s been affirmed by a decide.”

Juries in New York discovered Trump chargeable for defaming and sexually abusing E Jean Carroll after he repeatedly referred to as her a liar for talking publicly about allegations that he assaulted her within the Nineties. Trump has appealed the practically $90 million in judgments in opposition to him.

Final 12 months, the decide overseeing these instances wrote that Carroll’s failure to “show that she was ‘raped’ throughout the which means of the New York Penal Regulation doesn’t imply that she didn’t show that Mr Trump ‘raped’ her as many individuals generally perceive the phrase ‘rape.’”

“Certainly, because the proof at trial recounted under makes clear, the jury discovered that Mr Trump in actual fact did precisely that,” US District Decide Lewis Kaplan wrote.

However Trump’s legal professionals sued the community in federal court docket in Florida and accused Stephanopoulos of constructing “patently and demonstrably false” statements about him on air.

Sooner or later after Trump and Stephanopoulos had been ordered to look for depositions in an upcoming trial, legal professionals for the events knowledgeable the court docket that ABC has agreed to pay $15 million in direction of Trump’s presidential library.

ABC can even publish a word on its web site expressing remorse over claims from the March section.

The community can even be on the hook for $1 million in charges to Trump’s attorneys.

It is a growing story


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Alex Woodward , 2024-12-14 21:03:00

Mom killed ‘whereas carrying Christmas presents’ pictured as household pay tribute

Mom killed ‘whereas carrying Christmas presents’ pictured as household pay tribute

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Lin Donnelly, 72, was struck by a blue Ford Focus in Merseyside on Thursday night time.


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Anthony France , 2024-12-14 16:51:00

NatWest to hike chief’s pay as financial institution returns to full non-public possession | UK Information

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NatWest Group is at hand its chief govt a possible multimillion pound pay increase because it returns to full non-public possession after practically 17 years in state fingers.

Sky Information has learnt that the chair of the financial institution’s remuneration committee, Lena Wilson, is consulting main institutional shareholders about an overhaul of its boardroom pay coverage.

The small print will likely be put to a vote at NatWest’s annual assembly subsequent spring, in accordance with guidelines requiring buyers to vote on remuneration insurance policies each three years.

Underneath the plans, Paul Thwaite, who took over because the financial institution’s interim chief govt in July 2023 earlier than being handed the position on a everlasting foundation in February, could be in line for a rise in his most annual bonus from 100pc of his base wage to 150%.

NatWest additionally intends to exchange its restricted share plan (RSP) for Mr Thwaite, which awarded him inventory value a most of 150% of his wage, with a efficiency share plan (PSP) which may pay him as much as 3 times his primary pay every year.

Assuming his wage of slightly below £1.2m stays unchanged, that might imply him being in line for a most reward package deal – excluding pension contributions and different objects – of about £6.6m, up from roughly £4.2m immediately.

Final yr, he was awarded a complete package deal of simply over £2.4m.

The possible improve would carry Mr Thwaite’s compensation extra intently into line with friends together with Charlie Nunn at Lloyds Banking Group and CS Venkatakrishnan at Barclays.

“CEO goal pay will proceed to stay decrease than UK banking friends and is positioned across the FTSE-50 mid-market degree,” Ms Wilson wrote in her letter to shareholders.

Mr Thwaite changed Dame Alison Rose after she was compelled to step down over the debanking row involving Nigel Farage, the Reform Social gathering chief.

Main Metropolis buyers who’ve been a part of the session course of are mentioned to be overwhelmingly supportive of the pay overhaul, notably within the wake of NatWest’s efficiency this yr, which has seen its shares surge by 90% throughout 2024.

Regulators have additionally begun to loosen up guidelines imposed on bankers’ pay imposed after the 2008 disaster, with the Financial institution of England lately signalling plans to cut back the interval over which share awards vest and should be held.

A NatWest Group spokesperson mentioned: “Our remuneration coverage is topic to shareholder approval at our AGM and we’d not touch upon the element of any proposed adjustments.

“Our goal with our remuneration coverage is to make sure alignment between govt pay, efficiency and the long-term worth created for our shareholders.”

Govt pay has been a delicate topic for NatWest, which was beforehand referred to as Royal Financial institution of Scotland Group, ever because it was rescued with £45.5bn of taxpayers’ cash throughout the monetary disaster of 2008.

The pension package deal of Fred Goodwin, RBS’s former chief, and bonuses awarded to Stephen Hester, who was parachuted in to exchange him and stabilise the financial institution grew to become big political complications for the governments of Gordon Brown and David Cameron.

For the reason that sale of the taxpayer’s majority stake in RBS kicked off in 2015, bonuses have grow to be a much less contentious concern for the financial institution.

On Friday, NatWest introduced that the Treasury’s stake had fallen under 10% for the primary time because the bailout.

“We’re happy with the sustained momentum in decreasing HM Treasury’s stake in NatWest Group,” it mentioned.

“Returning the financial institution to full non-public possession is a shared ambition and one that’s within the curiosity of all our stakeholders.”

Sky Information revealed in October that the federal government was on observe to totally exit its NatWest shareholding by the center of 2025 – or sooner if it launches an institutional putting of a part of its remaining stake.

Even after the partial restoration in its valuation, taxpayers will see a loss operating to billions of kilos from the emergency bailout.

On Friday, shares in NatWest closed at 405.5p, giving it a market capitalisation of £32.6bn.


#NatWest #hike #chiefs #pay #financial institution #returns #full #non-public #possession #Information


Enterprise Information – Markets studies and monetary information from Sky


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, 2024-12-14 09:37:00

Reality examine: Savers have lengthy needed to pay tax if incomes greater than £1,000 curiosity

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August Graham , 2024-12-13 16:01:00

Truth test: Savers have lengthy needed to pay tax if incomes greater than £1,000 curiosity

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Your assist helps us to inform the story

From reproductive rights to local weather change to Huge Tech, The Unbiased is on the bottom when the story is creating. Whether or not it is investigating the financials of Elon Musk’s pro-Trump PAC or producing our newest documentary, ‘The A Phrase’, which shines a light-weight on the American girls combating for reproductive rights, we all know how vital it’s to parse out the info from the messaging.

At such a essential second in US historical past, we want reporters on the bottom. Your donation permits us to maintain sending journalists to talk to each side of the story.

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Your assist makes all of the distinction.

A broadly shared video on social media claimed that the Authorities is “now going to tax you in case you have financial savings of over £10,000”.

Analysis

The Authorities doesn’t tax folks on their financial savings, however the curiosity earned on financial savings has lengthy been eligible for revenue tax. Underneath the present guidelines – launched in 2016 – the next price taxpayer should pay revenue tax on any curiosity they earn above £500 annually.

That signifies that if they’ve £10,000 in a financial savings account with a 5% rate of interest they are going to be eligible to start out paying tax. Nevertheless, they will simply keep away from that by placing their financial savings into an ISA account, which is tax-free.

Anybody who earns greater than £10,000 from funding dividends or curiosity on financial savings must fill out a self-assessment tax return.

The info

– Tax on financial savings

It’s unclear the place the unique supply for this declare would possibly come from. It’s doable that the individual posting has seen warnings from monetary journalist Martin Lewis that greater rates of interest imply that individuals who didn’t beforehand pay tax on their financial savings must begin doing so.

As Mr Lewis defined in his ITV present on November 5 2024 (from round 21 minutes), it is because folks can earn as much as a specific amount in curiosity tax-free, relying on their tax bracket.

A primary price taxpayer (incomes between £12,571 and £50,270 per 12 months) can earn as much as £1,000 in financial savings curiosity earlier than paying tax on the surplus; the next price taxpayer (getting between £50,271 and £125,140) could make as much as £500 in tax-free curiosity, whereas these incomes over £125,140 haven’t any tax-free threshold on curiosity.

Any quantity of curiosity above these ranges is eligible for revenue tax.

This technique has been in place since 2016. When rates of interest for savers have been decrease, solely these with excessive ranges of cash put apart may hope to make greater than £1,000 or £500 in curiosity yearly. For instance, at a 1% rate of interest, a primary price payer would want £100,000 in financial savings earlier than they needed to pay revenue tax on the curiosity about their threshold.

As rates of interest have elevated, this calculation has modified, which isn’t straight as a consequence of any change in Authorities coverage; it’s just because savers can now earn greater charges of curiosity.

Mr Lewis used the instance that somebody on who’s incomes between £50,271 to £125,140 per 12 months with £10,000 or extra in financial savings in an account now yielding 5% per 12 months could be incomes no less than £500 in curiosity and due to this fact liable to pay tax on the quantity they obtain over their threshold.

As Mr Lewis additionally factors out, somebody who wished to keep away from this tax may use an Particular person Financial savings Account (ISA) on which tax is rarely paid, regardless of how a lot has collected. Nevertheless, a person can solely put as much as £20,000 a 12 months into an ISA.

– Self-assessment tax returns

It’s also doable that the video is predicated on a misunderstanding of a latest social media publish from HM Income and Customs (HMRC).

On December 3, HMRC’s account on X informed a person that “If in case you have greater than £10,000 from dividends or financial savings and curiosity, you would want to finish a self-assessment tax return.”

To make £10,000 from curiosity on a financial savings account would require somebody to have £200,000 in an account yielding 5%.

As HMRC added: “If in case you have a (sic) Particular person Financial savings Account (ISA), that is tax free in addition to some Nationwide Financial savings and Funding accounts.”

Hyperlinks

Video on TikTok (archived)

The Martin Lewis Cash Present Dwell, November 4 2024

Gov.uk – Earnings tax charges and private allowances (archived)

NS&I – Paying tax in your financial savings (archived)

HMRC publish on X (archived)




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August Graham , 2024-12-13 16:01:00

McKinsey & Firm agrees to pay $650 million to settle federal probe over opioids work

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Your help helps us to inform the story

From reproductive rights to local weather change to Large Tech, The Unbiased is on the bottom when the story is growing. Whether or not it is investigating the financials of Elon Musk’s pro-Trump PAC or producing our newest documentary, ‘The A Phrase’, which shines a light-weight on the American ladies preventing for reproductive rights, we all know how necessary it’s to parse out the info from the messaging.

At such a essential second in US historical past, we want reporters on the bottom. Your donation permits us to maintain sending journalists to talk to each side of the story.

The Unbiased is trusted by Individuals throughout all the political spectrum. And in contrast to many different high quality information retailers, we select to not lock Individuals out of our reporting and evaluation with paywalls. We imagine high quality journalism needs to be accessible to everybody, paid for by those that can afford it.

Your help makes all of the distinction.

McKinsey & Firm consulting agency has agreed to pay $650 million to settle a federal investigation into its work for opioids producer Purdue Pharma, in keeping with court docket papers filed in Virginia on Friday.

McKinsey has additionally entered right into a deferred prosecution settlement to resolve prison costs, together with that it conspired with Purdue Pharma to help within the misbranding of prescribed drugs.

A former McKinsey senior associate has additionally agreed to plead responsible to obstruction of justice, in keeping with the court docket papers.

McKinsey representatives did not instantly reply to cellphone and electronic mail messages on Friday.

Since 2021, McKinsey has agreed to pay state and native governments about $765 million in settlements for its function in advising companies on find out how to promote extra of the highly effective prescription painkillers amid a nationwide opioid disaster.

The consulting agency additionally agreed final 12 months to pay well being care funds and insurance coverage corporations $78 million.

The U.S. has been in an habit and overdose disaster for many years, linked to greater than 80,000 deaths lately. For the previous decade, a lot of the deaths have been attributed to illicit fentanyl, which is laced into many unlawful medicine. Earlier within the epidemic, prescription drugs have been the first reason behind loss of life.

Some advocates say the disaster was touched off when Purdue Pharma’s OxyContin hit the market in 1996.

Three Purdue executives pleaded responsible to misbranding costs in 2007 and the corporate agreed to pay a superb. The corporate pleaded responsible to prison costs in 2020 and agreed to $8.3 billion in penalties and forfeitures — most of which might be waived so long as it executes a settlement via chapter court docket that’s nonetheless within the works.

McKinsey paperwork made public over time describe Purdue utilizing the consulting agency to assist “turbocharge” opioid gross sales in 2013, as blowback in opposition to the opioid disaster meant that the corporate’s medicine have been being prescribed much less.

___

Mulvihill reported from Philadelphia.


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Geoff Mulvihill and Alanna Durkin Richer , 2024-12-13 15:04:00

Lambeth Council to pay £15k after housing mum in flat separating her from disabled youngsters

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The Native Authorities Ombudsman discovered ‘critical failings’ in how the council dealt with the housing wants of Ms X and her disabled youngsters.


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Robert Firth , 2024-12-13 11:00:00

Town of Chicago is ordered to pay practically $80M for a police chase that killed a 10-year-old woman

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From reproductive rights to local weather change to Large Tech, The Impartial is on the bottom when the story is creating. Whether or not it is investigating the financials of Elon Musk’s pro-Trump PAC or producing our newest documentary, ‘The A Phrase’, which shines a light-weight on the American girls preventing for reproductive rights, we all know how vital it’s to parse out the information from the messaging.

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A jury awarded practically $80 million to the household of a 10-year-old Chicago woman who was killed throughout a police chase and crash in 2020.

Town had acknowledged legal responsibility within the loss of life of Da’Karia Spicer. The one challenge for the Prepare dinner County jury was the monetary award.

Attorneys representing town of Chicago stated the quantity must be between $12 million and $15 million, however the jury settled on $79.8 million after listening to closing arguments Wednesday.

“The impression of this incident was catastrophic, and the Spicer household misplaced a shiny, gifted and good 10-year-old woman who was absolutely the gentle of their lives,” legal professional Patrick Salvi II stated.

Da’Karia was amongst members of the family in a Honda Accord when the automobile was struck by a Mercedes that was touring about 90 mph (145 kph) whereas being pursued by Chicago police, in keeping with a lawsuit.

Officers noticed the Mercedes minimize via an alley however in any other case had no affordable grounds to chase the automobile, legal professionals for the household alleged.

“We acknowledge absolutely that there are situations the place the police should pursue. However that wasn’t the case right here,” Salvi stated.

The crash occurred whereas Da’Karia’s father was taking her to get a laptop computer for distant studying throughout the COVID-19 pandemic.

“Town is reviewing the decision and has no additional remark at the moment,” stated Kristen Cabanban, spokesperson on the metropolis’s regulation division.


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Through AP information wire , 2024-12-12 23:59:00

Pay outs for contaminated blood scandal start

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The Authorities has put aside billions of kilos to compensate victims of the scandal.


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Ella Pickover , 2024-12-12 14:42:00

Australia plans to tax digital platforms that do not pay for information

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Your help helps us to inform the story

From reproductive rights to local weather change to Huge Tech, The Impartial is on the bottom when the story is growing. Whether or not it is investigating the financials of Elon Musk’s pro-Trump PAC or producing our newest documentary, ‘The A Phrase’, which shines a light-weight on the American girls combating for reproductive rights, we all know how vital it’s to parse out the info from the messaging.

At such a important second in US historical past, we’d like reporters on the bottom. Your donation permits us to maintain sending journalists to talk to either side of the story.

The Impartial is trusted by Individuals throughout the whole political spectrum. And in contrast to many different high quality information shops, we select to not lock Individuals out of our reporting and evaluation with paywalls. We imagine high quality journalism must be obtainable to everybody, paid for by those that can afford it.

Your help makes all of the distinction.

The Australian authorities stated Thursday it is going to tax massive digital platforms and search engines like google and yahoo except they comply with share income with Australian information media organizations.

The tax would apply from Jan. 1 to tech firms that earn greater than 250 million Australian {dollars} ($160 million) a 12 months in income from Australia, Assistant Treasurer Stephen Jones and Communications Minister Michelle Rowland stated.

They embody Meta, Google, Alphabet and ByteDance.

The tax could be offset by means of cash paid to Australian media organizations. The dimensions of the tax is just not clear.

“The actual goal … is to not elevate income — we hope to not elevate any income. The actual goal is to incentivize agreement-making between platforms and information media companies in Australia,” Jones instructed reporters.

The transfer comes after Meta, which owns Fb, Instagram and WhatsApp, introduced that it will not renew three-year offers to pay Australian information publishers for his or her content material.

A earlier authorities launched in 2021 legal guidelines known as the New Media Bargaining Code that pressured tech giants to strike revenue-sharing offers with Australian media firms or face fines of 10% of their Australian income .

Meta diod not instantly reply to a request for touch upon Thursday.


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By way of AP information wire , 2024-12-12 05:40:00