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Bernie Madoff compensation fund makes final payments
A US government fund to compensate people swindled by Bernie Madoff is making its final round of payments, taking the total paid from the fund to the late fraudster’s victims to $4.3bn (£3.4bn).
The Madoff Victim Fund is paying out $131.4m from forfeited assets to 23,408 people around the globe …
LeBron to Saudi and a UK NFL team: our bold sports predictions for 2025
Here are our bold predictions for 2025 in sports. Please note the
bold
(or should that bebold
?) in bold predictions: these are mostly to be taken with a pinch of salt.LeBron joins the Saudi Basketball League
to Kylian Mbappé’s rejection of …More people dining out on New Year’s Eve in UK rise of ‘experiential leisure’
How a batch of tinned meat fostered fears of the millennium bug
On New Year’s Eve 25 years ago, sane people worried that the modern world was about to melt down.
The millennium bug seemed to be threatening to crash the world’s computer systems, as technology struggled to distinguish between the years 1900 and 2000. The public, faced with daily predictions of …
Female artists’ success helps arrest 20-year slide in UK sales of physical music
Women led the way in recorded music this year, according to the British Phonographic Industry (BPI), topping the …
Can flood of cheap new EVs coming to Europe save its carmakers?
Affordable new electric family cars – particularly those that are EU-made – have been tough to come by in Europe for the past few years. There were no launches of homegrown electric models for less than €25,000 (£20,740) across the EU during 2022 and 2023, according to the campaign group …
Rail passengers face disruption as Avanti train managers strike
Passengers on the London to Glasgow main line face disruption to services in the coming days because of strikes by train managers at Avanti West Coast.
Members of the National Union of Rail, Maritime and Transport Workers (RMT) at the company are due to strike on New Year’s Eve and …
South Korean court issues arrest warrant for President Yoon Suk Yeol
Senior Labour figures urged Tony Blair to delay arrival of EU citizens in UK
Senior figures in Tony Blair’s government, including John Prescott and Jack Straw, urged the then prime minister to delay opening the UK labour market to eastern European nationals shortly before they became EU citizens, newly released documents reveal.
Papers released to the National Archives in Kew, west London, showed Prescott …
If crypto is incorporated into Australia’s financial system, we will be lucky to avoid contagious collapse | John Quiggin
As a principal adviser to the then treasurer Wayne Swan, Jim Chalmers had a ringside seat to observe the impact of the global financial crisis on the Australian economy and financial system. We were spared the initial impact of the GFC largely because, still bearing the scars of financial disasters …