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At least £64bn of property in England and Wales is hidden behind opaque trusts | Tax havens newsthirst.

The owners of nearly a quarter of a million properties in England and Wales worth a combined £64bn are hidden behind opaque trusts, according to research that prompts concern that such structures are the “go-to vehicle for kleptocrats” stashing money in Britain. The government introduced a register of property held through offshore vehicles in August…

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Runaway rice prices spell danger for Japan’s prime minister as elections loom | Japan newsthirst.

Japan’s government is battling record-low approval ratings as consumers voice anger at soaring rice prices just weeks before key national elections. Attempts to bring down the price of the Japanese staple have had little effect, prompting calls for a reduction in the consumption (sales) tax to ease the cost-of-living crisis. A new poll by the…

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China’s April retail sales growth of 5.1% misses expectations as consumption remains a worry newsthirst.

Citizens are shopping at a supermarket in Nanjing, East China’s Jiangsu province, on March 9, 2024.  Costfoto | Nurphoto | Getty Images China’s retail sales growth slowed in April, data from the National Bureau of Statistics showed Monday, signaling that consumption remains a worry for the world’s second-largest economy. Retail sales rose 5.1% from a…

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UK ‘may need 92,000 extra public workers if fall in productivity continues to 2030’ | Economics newsthirst.

The chancellor, Rachel Reeves, could be forced to spend more than £5bn and employ 92,000 extra workers across the public sector if declines in productivity continue until 2030, according to analysis of official figures. The Centre for Economics and Business Research (Cebr), an economic consultancy, said more workers would be needed by the end of…

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Gary Lineker ‘to leave the BBC this week’ after antisemitism row | Gary Lineker newsthirst.

Gary Lineker is expected to announce he is leaving the BBC on Monday after apologising for amplifying online material with antisemitic connotations, the Guardian understands. The Match of the Day host will reportedly not present the 2026 World Cup or next season’s FA Cup after “bowing out by mutual agreement” with the broadcaster. He is…

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Thunder dominate Nuggets to return to their 1st Western Conference Finals since 2016 newsthirst.

Shai Gilgeous-Alexander scored 35 points, Jalen Williams added 24 and the Oklahoma City Thunder rolled into the Western Conference finals, beating the Denver Nuggets 125-93 in Game 7 on Sunday. The top-seeded Thunder will host the sixth-seeded Minnesota Timberwolves starting Tuesday. It’s Oklahoma City’s first trip to the conference finals since 2016. Oklahoma City won…

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