Chancellor earmarks billions in welfare cuts

Michael Grisedale, a coach of an under-10s football team, embezzled over £6,400 raised by parents for a tournament in Barcelona, using the funds for online gambling. His actions led to the cancellation of hotel reservations, prompting community fundraising to ensure the children could still attend; Grisedale received a suspended sentence and is required to repay the stolen money. Explain It To Me Like I'm 5: A soccer coach named Michael took money that parents raised...

A Toronto-area conman, Antonio Palazzolo, failed to appear for his sentencing in a U.S. court after allegedly continuing to defraud victims, even post-guilty plea for a $21 million investment scam involving colored diamonds. Prosecutors revealed he was still scamming clients through his company, Pavillion Diamonds, despite being under bond, leading to an arrest warrant and the withdrawal of support for a reduced sentence. Explain It To Me Like I'm 5: A Toronto conman, Antonio Palazzolo,...

Brigadier General Esmail Qaani, commander of Iran’s Quds Force, appeared in Tehran during "victory celebrations" following a ceasefire with Israel, countering claims of his assassination amid recent Israeli attacks. This marked his second public appearance in a year, emphasizing his survival and leadership amidst ongoing tensions and military actions against Iranian sites. Explain It To Me Like I'm 5: Brigadier General Esmail Qaani, a leader in Iran, showed up at a big party in Tehran...

One of the notable figures from the Trump administration's Department of Government Efficiency, Edward Coristine, known as “Big Balls,” has departed from his position, amidst a series of resignations linked to DOGE. His youth and prior controversies, including being fired for leaking secrets, drew criticism, and he hinted at future plans on social media after leaving the General Services Administration. Explain It To Me Like I'm 5: Edward Coristine, a young and controversial staff member...

Amid escalating tensions, President Trump brokered a swift ceasefire between Israel and Iran after days of airstrikes and missile exchanges, culminating in a fragile peace declared via social media. Despite the temporary halt in violence, uncertainties remain regarding the durability of the truce and Iran's nuclear capabilities, with ongoing diplomatic efforts and concerns over future negotiations. Explain It To Me Like I'm 5: In a dramatic 48-hour period, President Trump helped broker a ceasefire between...

Brussels to Regulate Stablecoins Amid ECB ConcernsBrussels plans to announce new regulations for stablecoins, despite the ECB's warnings about potential risks to financial stability during market volatility. The European Commission aims to clarify the legal status of non-EU stablecoins, which may be treated similarly to EU-issued tokens, while addressing concerns over reserve management and cross-border risks. Explain It To Me Like I'm 5: Brussels is getting ready to set new rules for stablecoins, a type...