Elliott may get Southwest board seats under potential settlement, reports say

Donald Trump and Volodymyr Zelenskyy's strained relationship led to a heated confrontation in the Oval Office, revealing Trump's longstanding animosity towards the Ukrainian president. The public rebukes from both Trump and Vice-President JD Vance resulted in Zelenskyy leaving without finalizing a key deal for US support in peace talks with Russia. The incident has raised concerns about Trump's ability to handle diplomacy and sparked outrage among US allies in Europe. Full Article

Citigroup mistakenly credited $81 trillion instead of $280 to a customer's account in April 2024, a transaction caught and reversed by a third employee 90 minutes later. The error, exceeding the GDP of every country, was disclosed to U.S. regulators, with no funds leaving the bank. This incident follows previous inputting errors at Citigroup, including a $900 million payment to Revlon creditors, leading to fines and regulatory scrutiny. Full Article

Widows and widowers may be eligible to increase their state pension significantly through inherited state pension benefits, with over half a million surviving spouses boosting their pensions by over £5,000 annually. The maximum inheritance for the 2024/25 tax year is £11,365 per year, leading to some individuals receiving up to £22,858 per year. Understanding the complex rules surrounding inherited state pensions is crucial to maximize retirement income and avoid missing out on potential benefits. Full...

President Trump has issued a barrage of tariff threats in his first month in office, citing various reasons such as national security and economic protection, including the goal of generating revenue for tax cuts and balancing the federal budget. However, trade experts argue that these goals are contradictory and may undermine each other. The use of tariffs as leverage in international negotiations could also complicate matters, potentially leading to a reduction in revenue and discouraging...

In order to maximize travel rewards, experts suggest using two credit cards from the same bank to earn more points in different spending categories. By taking advantage of transferable points programs, such as those offered by Amex and Chase, travelers can access better deals on flights and accommodations. While flexibility and timing are key factors in securing premium seats, it is also important to prioritize practicality over perfection when redeeming points to avoid devaluation. Full...

Growth has stagnated and job vacancies are declining, while inflation is rising, making it difficult for the Bank of England to cut interest rates. Chancellor Rachel Reeves faces upcoming challenges, including a rise in employers' national insurance, stamp duty, and the end of business rates relief for pubs and hospitality businesses. Trump's tariffs on Europe could further impact the UK's largest export market. Reeves should consider phasing in the NI rise, reforming business rates, and...