Monday, June 29, 2026
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‘One heart and one mind’: Britain’s oldest Indian restaurant takes Crown Estate to court over eviction, co-owner Ranjit Matrani says all talks have failed

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“一心一意”:英国最古老的印度餐厅因驱逐而将皇冠地产告上法庭,共同所有人 Ranjit Mathrani 称所有谈判均失败<i></i>” title=”Veeraswamy, Britain’s oldest Indian restaurant, takes Crown Estate to court over eviction. ” decoding=”async” fetchpriority=”high”/></div>
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<div class=Veeraswamy, Britain’s oldest Indian restaurant, takes Crown Estate to court over eviction.

Veeraswamy, the UK’s oldest Indian restaurant, will take the Crown Estate to court this month over its ongoing eviction dispute. Co-owner Ranjit Mathrani said all negotiations with the Crown Estate, King Charles’ portfolio, had failed because the estate was bent on fighting a costly court case. The estate hopes to convert the restaurant space in the Victory Building into office space. According to British media reports, Veeraswamy’s parent company MW Eat will present its case to Central London Magistrates’ Court during a five-day hearing starting on June 29.The estate said it wanted to carry out a “comprehensive refurbishment” of offices on the building’s upper floors, which have been vacant since flooding in 2023 affected its power supply. This required them to knock down the wall that separated Veeraswamy’s entrance. It is said they hope to create a larger reception area for office tenants, which will allow them to “substantially increase” the rent they can charge. Veeraswamy agreed to the offer and said it could be done without evicting them, offering to pay the estate’s estimated rent for office space.“We did make every effort to answer all of their concerns,” Matrani said, adding that the estate lost more money in the legal dispute than was needed for the renovation project, which also involved lost rent, because Veeraswamy’s lease was not renewed.“A number of reputable contractors were fully capable of delivering the defendants’ plans of works in a manner suitable for the restaurant business. This was a standard part of many similar refurbishments in London and elsewhere in the UK,” Matrani said in his witness statement.

The sacred history of Veeraswamy

The restaurant opened in April 1926 and has served guests including Winston Churchill, Vivien Leigh, Marlon Brando, Laurence Olivier, Charlie Chaplin and even Queen Elizabeth II. Its menu was created by Edward Palmer, who was inspired by the recipes for Hyderabadi palace dishes he learned from his grandmother. The King of Denmark, who visits Veraswami every time he comes to London, decided to send a keg of Carlsberg beer to store in his restaurant and give him a drink whenever he ate curry, The Guardian reported.

What does the Crown Estate say?

“This is not a decision we take lightly,” a Crown Estate spokesman said. “We need to completely refurbish Victory Building to bring it up to modern standards and make the most of it. We understand how disappointing this is for MW Eat and are offering assistance in finding new premises within our portfolio so that the restaurant can remain in the West End, as well as providing financial compensation. “The estate said: “Following external advice we reviewed alternatives, including that proposed by MW Eat, but unfortunately none of the alternatives met our responsibilities as stewards of this heritage-listed building, our legal obligations and responsibility to steward public funds.”MW Eat says estate compensation is not enough.A petition calling for Veeraswamy to remain at its original location has gathered 20,000 signatures and was sent to Buckingham Palace by the restaurant’s owners in February.

June 17 Social Security Check: Who is eligible to receive a payment this week?

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According to the Social Security Bureau, according to the regular monthly social security payment schedule, the second round of social security in June will be distributed this week, and most people are expected to receive it on June 17. Social Security Administration calendar.

Social security benefits for people born between the 11th and 20th will be paid on June 17. (Photo by Jim Watson/AFP) (AFP)
Social security benefits for people born between the 11th and 20th will be paid on June 17. (Photo by Jim Watson/AFP) (AFP)

Retired and older Americans will wait for the payments, which typically hit accounts on Wednesday. People born between the 1st and 10th of each month usually receive benefits on the second Wednesday of that month.

Social security payment on June 17

People born between the 11th and 20th of each month typically receive Social Security benefits on the third Wednesday of that month. People born after the 20th usually receive benefits on the fourth Wednesday. According to the SSA schedule, the June 17 payment applies to people whose birthdays fall between the 11th and 20th of each month.

The person who started receiving social security benefits A different payment schedule followed until May 1997. They usually receive payment on the third day of each month. If the third day falls on a weekend or holiday, payment will be sent on another business day. Some Americans receive both Social Security benefits and Supplemental Security Income.

Also read: Is coronavirus testing too expensive? GS Labs $4.87M settlement offers cash rebates to qualifying customers

SSI payment date 2026

People who receive both programs typically receive their Social Security payments on the third day of each month. These recipients typically receive their SSI payment on the first day of the month. SSI payments are usually sent on the first business day of each month.

In June 2026, SSI beneficiaries received their monthly payments on Monday, June 1, according to the SSA calendar. The SSA has released the remaining SSI payment schedule for 2026.

2026 SSI payment schedule

  • The next SSI payment will be sent on Wednesday, July 1, 2026, for July benefits.
  • SSI payments for August 2026 will be sent on Friday, July 31, 2026.
  • Payment for September 2026 will be made on Tuesday, September 1, 2026.
  • The October 2026 payment will be made on Thursday, October 1, 2026.
  • Payment for November 2026 will be due in advance on Friday 30 October 2026.
  • Payment for December 2026 will be made on Tuesday, December 1, 2026.
  • Payments for January 2027 will be sent in advance on Friday 31 December 2026.

Shortage of social security funds

In addition to this week’s payment news, Social Security faces long-term financial pressures, according to research cited by USA Today. Some estimates suggest that without changes, Social Security programs could face funding shortfalls as early as 2032.

Social Security benefit cuts

Studies show that without action by Congress, retirees could see their monthly benefits reduced by 28%. Because of these concerns, some organizations and policy groups have proposed different ideas to strengthen Social Security’s finances.

A Washington think tank recently proposed limiting annual social Security Increasing benefits to $100,000 as a way to help protect retirement trust funds, USA Today reported. Currently, beneficiaries born between the 11th and 20th should receive their June Social Security payment on Wednesday, June 17th.

Green Card News: This category is not available for Indians until September 30

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Green Card News: This category is not available for Indians until September 30
Indians will not be able to obtain the EB-5 green card category in fiscal year 2026.

After EB-2, India’s country-by-country limit for the unreserved category of EB-5 has been reached in 2026. The annual limit will reset at the beginning of the new fiscal year (FY2027) on October 1, 2026. This means that India’s EB-5 unreserved immigrant visa category will remain unavailable until September 30. This year’s category limit was reached in the first week of June. Last month, EB-2 applications in India reached their limit.“The Immigration and Nationality Act (INA) limits the number of employment-based preference immigrant visas that may be issued in a fiscal year. Specifically, INA 203(b)(5) sets the annual limit for EB-5 visas at 7.1% of the global employment limit, of which 68% applies to nonreserved visa categories (C5, T5, I5, R5, RU, NU). Additionally, the EB-5 Reform and Integrity Act of 2022 provides that unused EB-5 reserved visas in fiscal year 2024 may be used in the EB-5 non-reserved category in fiscal year 2026. Finally, INA 202(a)(2) provides that natives of any single country may not obtain more than 7% of the total number of employment visas and family sponsorship visas prorated among the different visa categories under INA 202(e). ” stated the U.S. Citizenship and Immigration Services.

EB-5 green card

The EB-5 green card program is designed to allow investors to obtain a green card in the United States by creating jobs. Under current USCIS regulations, EB-5 investors must invest at least $800,000 in targeted employment areas or infrastructure projects and must create at least 10 permanent, full-time jobs for U.S. workers.There are two categories of EB-5: reserved and unreserved. Rural projects and infrastructure projects fall under the reserved category while the rest of the projects fall under the unreserved category.For example, a hotel business may fall into the unreserved category.

Who is affected by the suspension of the EB-5 (Reserved) category?

Those who were supposed to receive such green cards in July, August and September are affected by the pause. They must now wait for their turn in the next financial year, which starts in October.The number of visas was exhausted just months before the end of the financial year, indicating an increase in the number of Indians getting green cards through this investment route. The waiting time for this visa category is approximately three to five years.EB-2 is the green card that many H-1B visa holders apply for, and demand in India is very high and wait times are understandably long. But the latest green card renewal shows that EB-5 is also in high demand.

Is coronavirus testing too expensive? GS Labs $4.87M settlement offers cash rebates to qualifying customers

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Many Americans may be able to COVID-19 test The company called GS Labs after the company agreed to a $4.87 million settlement, according to court records. The settlement comes after 18 states filed lawsuits accusing GS Labs of charging customers for COVID-19 tests and engaging in unfair business practices, according to state investigators.

GS Labs $4.87 million settlement (Reuters/Dado Ruvic/Illustration/File Photo) (Reuters)
GS Labs $4.87 million settlement (Reuters/Dado Ruvic/Illustration/File Photo) (Reuters)

GS Labs agreed to pay $4.87 million to settle the case but denied wrongdoing. People living in Alabama, Arizona, Colorado, Illinois, Indiana, Iowa, Kansas, Massachusetts, Minnesota, Missouri, new jerseyNorth Dakota, Ohio, Oregon, Pennsylvania, South Dakota and Washington state may be eligible for settlement payments, according to terms of the settlement cited by The Sun.

GS Labs Overcharge Claim

Investigators looked into GS Labs’ testing operations nationwide from 2020 to 2022. Investigators said GS Labs charged much more than normal for COVID-19 testing. The investigation also alleged that the company charged customers unexpected administrative fees, according to court documents.

Investigators further claimed that GS Labs frequently failed to provide test results within the promised three days. According to investigators, some coronavirus test kits cost as much as $380 each. Some tests to check for the coronavirus and other illnesses reportedly cost up to $1,000. Nearly 30,000 customers are said to have paid far more for the tests than normal market prices.

Also read: As more borrowers default on U.S. credit card debt, US credit card debt hits $1.25 trillion: Are Americans going back 18 years?

The latest coronavirus test results

The clients are expected to receive about $1.8 million from the settlement fund. State investigators also claim that hundreds of thousands of customers received test results later than promised.

In some cases, customers reportedly had to wait a week or more for results advertised as available within three days. The lawsuit alleges that delayed results create problems for people who need test results for travel, family visits, work or events, according to state officials.

who can get the money

Investigators also accuse GS Labs of telling insured patients they would not cover the additional costs. Despite these assurances, the company allegedly charged an administration fee of up to $49 per test.

Approximately 70,000 customers are affected by these administrative fees. Those customers could receive about $1.7 million from the settlement. People who believe they are eligible can submit a claim through the GS Labs Settlement Website.

Minnesota Attorney General Keith Ellison said in The Sun that he has “no patience” for companies allegedly profiting from the pandemic by charging consumers exorbitant fees. Ellison said many people rely on rapid coronavirus test results when traveling, visiting family and attending events, and delays can cause serious problems. He said the settlement agreement holds GS Labs accountable for allegedly overcharging customers and misrepresenting its services.

GS Labs Response

GS Labs had been a major coronavirus testing provider, processing nearly a third of tests in some states during the pandemic. The company has permanently closed. GS Labs said in a statement that it tested more than 1.4 million American According to “The Sun”, about 200,000 positive cases of the new coronavirus have been found.

GS Labs said that at its peak, it controlled 20% to 30% of the rapid testing market in states such as Minnesota and Washington. The company said the settlement does not mean it admits the allegations are true. GS Labs said it agreed to settle the case simply to end years of investigations and legal disputes.

So eligible customers in 18 states can apply for a refund if they were overcharged, charged unexpected fees or received their coronavirus test results later than promised.

Mamdani effect? Arsenal and New York Knicks’ championship wins create new sports superstition world news

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Mamdani effect? Arsenal and New York Knicks' championship wins create new sports superstitions

Bengal has two poets whose works are considered the most important: Rabindranath Tagore and Qazi Nazrul Islam. Now, fully realizing the absurdity, one might have to add a third name to the footnote: MD Ahnaf Hossain.Hussain, a Bangladeshi-born New Yorker, became a sensation on social media with his slogan: “My mayor is Muslim, my bagel is Jewish, my Dior, Knicks.” Now, this isn’t Gitanjali or Bidrohi, but it does unite New Yorkers, and by extension all members of the global order, who feel like they already live in New York because they remember every episode of Friends and How I Met Your Mother.Only it didn’t quite make it to the Knicks’ Game 4, and superstitious sports fans accused Donald Trump of attending Game 3 at Madison Square Garden, so the slogan had to be updated: “My mayor is still a Muslim and my bagel is still a Jew. Pope is on our side, five points to the Knicks. “Now, while this may seem like poetic indulgence, the first American pope gave a thumbs up when one fan screamed, “Pope Leo, go to the Knicks.” Pope, who shares his alma mater with three current Knicks players, also signed a jersey for Knicks superfan Spike Lee that read “Pope Leo” on the back, leading some to wonder if the Knicks had a divine assist, especially after their miraculous 29-point comeback in Game 4 of the Finals.But now the conversation turns to another sports superstition: the Mamdani effect. While the Mamdani effect sounds like a boost for progressive causes since the election of New York’s first Muslim mayor, that’s actually what The Athletic says Zoran Mamdani Sporting summer after two of his teams, Arsenal and Knicks, ended historic trophy droughts.Arsenal last won the league in 2004 and the Knicks last won the NBA title in 1973, and even that joke connection was too much for Fox News, which wrote: “You would think, then, that these teams’ achievements would be down to the players, coaches, front office and office staff. But this means that many in left-wing sports media organizations simply do not possess a level of awareness and rationality. “While one can understand why Fox would be angry, especially since the only game the Knicks lost was played with Donald Trump in attendance and the octogenarian’s greatest chagrin is that the city he grew up in never embraced him, the “Mamdani Effect” has become a buzzword among sports fans. In strict, non-scientific terms, it was believed that a socialist New York mayor could reverse decades of sports misery simply by supporting one team. This is obviously nonsense, which is why sports fans believe it.The young mayor has certainly leaned into this, arriving for Eid wearing a full Arsenal-themed kurta and telling those who came to him chanting that he was Muslim “that it’s true”.Now sports fans have believed in some weird superstitions over the years, including yours truly.We all know that when Sachin Tendulkar or Virat Kohli bat, cricket fans get completely nervous and risk a bladder infection instead of running to the toilet. At the World Cup, the Democratic Republic of Congo brought a superfan who they believed had the superpower to prevent goals, who stood motionless like a statue for 90 minutes, raising his arms in tribute to Congolese leader Patrice Lumumba.Meanwhile, some believe Italy’s renewed failure to qualify for the World Cup is a sign of the “Curse of Sarajevo”, referring to a rather dark moment in the country’s history when Italian tourists allegedly signed up for “sniper tours” to shoot innocent people during the war in the 1990s. By the way, in 2026, Italy lost to Bosnia and Herzegovina on penalties.There’s also the “Nike World Cup Curse,” a popular ad featuring the top stars of the day that failed many. Dilireba broke her arm, wayne rooneyEngland suffered a disastrous defeat, Ronaldinho didn’t even make it to the World Cup, and Cannavaro’s defending champion Italy was also eliminated in the group stage. Across the Atlantic, Madden became the great American video game theology: putting an NFL star on the cover to wait out his season.But this all brings us back to Mamdani’s summer, and it would really be the icing on the cake if his team ends up winning. No, not the United States, which lost to England in the quarterfinals. He backed Morocco to win the World Cup, beating France in the final. If this does happen and Africa wins its first World Cup title, even the most scientifically minded would find it difficult to argue against the Mamdani effect.

Trump announces US-Iran peace deal, Dow Jones hits record high: Here’s how the market reacts

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U.S. stocks rose on Monday, with the Dow Jones Industrial Average rising 516 points, or 1%, as investors responded favorably. president donald trumpAnnounced that a deal had been reached to end the conflict between the United States and Iran. The benchmark index also hit a new intraday high, reflecting growing optimism among market participants for peaceful development.

The Dow hit a record high after Trump announced a U.S.-Iran peace deal. (Photo by Michael M. Santiago / GETTY IMAGES NORTH AMERICA / Getty Images via AFP) (Getty Images via AFP)
The Dow hit a record high after Trump announced a U.S.-Iran peace deal. (Photo by Michael M. Santiago / GETTY IMAGES NORTH AMERICA / Getty Images via AFP) (Getty Images via AFP)

Broader markets also posted strong gains, with the S&P 500 up 1.5% and the Nasdaq up 2.3%. Investor sentiment was boosted by expectations that easing tensions in the Middle East could reduce the risk of global oil supply disruptions and reduce uncertainty in the world economy.

SpaceX shares rise

SpaceX’s stock price, which was already up 19% in its public market debut on Friday, surged more than 6% on Monday. Brian Mulberry, chief market strategist at Zacks Investment Management, told CNBC that the stock market reaction was more orderly than expected, with investors appearing to be buying and holding stocks rather than trading quickly.

US-Iraq Peace Agreement

Trump said on social media Sunday night that the deal with Iran is “now complete.” Pakistani Prime Minister Shehbaz Sharif said a memorandum of understanding supporting the deal was expected to be signed in Switzerland on Friday. It comes amid concerns that the deal could be delayed or derailed as renewed hostilities between Israel and Iran-backed Lebanese Hezbollah have heightened regional tensions.

Oil prices fall

Trump also announced that he had authorized the reopening of the Strait of Hormuz, one of the world’s most important oil shipping routes. News of the reopening sent oil prices sharply lower as traders expected oil supplies to flow more freely again. U.S. Vice President Vance said he expects the Strait of Hormuz to remain open and free of charge for a long time.

Also read: Crude prices drop 4.7% after US-Iran deal ends war and reopens Hormuz: Here’s what the experts say

U.S. crude oil prices fell about 5% to around $80 a barrel. Mulberry said lower crude oil prices could reduce inflationary pressures and reduce the likelihood of a recession. Fed Interest rates need to be raised. He added that while crude oil prices have fallen, prices for petroleum products such as jet fuel may take longer to fall, CNBC reported.

According to CME’s FedWatch tool, futures markets show a greater than 98% chance that interest rates will remain unchanged through the end of the year.

Airline and cruise stocks rise

Companies benefiting from lower fuel prices saw strong gains following the reopening of the Strait of Hormuz. United Airlines shares rose about 3%. shares Delta Air Lines Up about 1.5%. Shares of cruise operator Royal Caribbean Group rose more than 4%. Carnival Corp. shares rose more than 3%.

Investors expect lower oil prices to lower fuel costs for airlines and cruise lines, improving their profit prospects.

Earlier in the day, stocks opened higher

The Dow was up 607 points, or 1.2%, shortly after trading began at 9:30 a.m. ET. Meanwhile, the S&P 500 and Nasdaq were up 1.3% and 2.2%, respectively, in early trade.

Overall, Wall Street focused more on a U.S.-Iran peace deal, lower oil prices and hopes for stable interest rates, helping push the Dow Jones and other major stock indexes higher.

Make America weird again? In Trump’s America, spectacle trumps statecraft

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Make America weird again? In Trump's America, spectacle trumps statecraft

TOI reporter in Washington: There was a time when Presidents’ Night at the White House meant chamber music, state dinners and in-depth conversations about nuclear disarmament and the trade deficit. Now, that apparently means a UFC fighter grabbed the microphone, thanked President Trump for “having the guts to do something like this,” professed his devotion to Jesus Christ, and declared to the cheers of the crowd that former first lady Michelle Obama is “a man.”Josh Hokit’s post-fight outburst at UFC Freedom 250 — a White House event that blended martial arts, patriotism and MAGA extravaganza — has become another test for a divided America. Critics saw it as a grotesque display of vulgarity and conspiracy theory profanity that would have once disqualified a man from high society, let alone proximity to the president. Supporters hailed it as fearless truth-telling and celebrated another victory in the never-ending “Be Free” movement.For the MAGA faithful, the raucous stadiums are a testament to unfiltered, victorious nationalism. For others, it’s a reminder that vulgarity is the new vernacular in modern American politics.Then there was the fiasco of the Lincoln Memorial Reflecting Pool. The president championed a $14.2 million renovation to prove that only he could restore Washington’s glory, but within days of reopening it was discovered that the iconic pool had developed significant algae growth. Naturally, the MAGA universe skipped right past the engineering failure and jumped straight into conspiracy theories. Real America host Grant Stinchfield sounded the alarm on the X: “President Trump fixed the reflecting pool and a week later it was green again... Destruction… destruction? I believe…the left cannot stand Trump, American greatness, and his quest to make Washington beautiful again. “However, the left is having too much fun with X and should not be insulted, joking that Trump not only failed to drain the swamp, he installed one. “You got me! I did it. I created photosynthesis just to mess with MAGA,” California Democrat Ted Lieu scoffed. Celebrity chef José Andrés also chimed in with a note of culinary neutrality: “Photosynthesis is bipartisan…” New Mexico Rep. Melanie Stansbury dryly said, “Not trusting science really comes back to bite you, doesn’t it?”Local authorities frantically explained that high pH levels in dormant water pipes were to blame, but the damage had been done: What was supposed to be the ultimate symbol of American reflection had become a veritable cesspool.The third episode deals with the effort to rename the Kennedy Center as part of a broader movement to reshape Washington’s cultural identity. The proposal was abruptly abandoned after protests and boycotts, prompting critics to celebrate a rare “MAGA” retreat. Washington think tanks are wondering whether future ventures might include the Trump Dance Performance Center, the Mar-a-Lago Philharmonic, or a production of “Cats” rebranded as “Covfefe.”However, behind the dark humor lies a deeper divide. For the United States, vulgarity represents authenticity, professionalism represents elitism, and frustration is evidence of the destruction of liberal forces. On the other hand, such events signal institutional decay, where expressive anger replaces governance and political point-scoring becomes an end in itself.America has been through strange times before. But to those who know the country well, the moment feels uniquely surreal: part constitutional republic, part reality TV show, part Internet comment section. “It’s a way to celebrate America’s 250th anniversary and the twilight of liberal democracy,” exclaimed Bulwark podcast host Tim Miller.

Nancy Guthrie Update: Experts reveal major breakthrough in Savannah’s missing mother’s case, ‘CertiK seemed to know’

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A former FBI agent recently revealed significant developments in the case Nancy GuthrieHis mother, “Today” co-host Savannah Guthrie, remains missing.

Annie Guthrie and Tommaso Cioni reportedly lived near the kidnapped woman, Nancy Guthrie. (X/@CoffindafferFBI)
Annie Guthrie and Tommaso Cioni reportedly lived near the kidnapped woman, Nancy Guthrie. (X/@CoffindafferFBI)

On Saturday, June 13, retired FBI agent Jennifer Cofindaffer used X to announce important information from a cybersecurity company, more than four months after the 84-year-old was kidnapped in 2017. TucsonArizona.

Nancy Guthrie Update: Coffindaffer announces biggest public breakthrough in disappearance case

Coffindaffer, writing for NewsNation, said: “This is the biggest public breakthrough in Nancy’s case since it was arguably CertiK, the world’s leading cryptographic security company, who designated Nancy’s kidnapping as a wrench attack by proxy.”

She provided a screenshot from CertiK stating that journalist Savannah Guthrie’s 84-year-old mother was kidnapped for a “$6 million Bitcoin ransom demand,” highlighting an established trend in proxy target selection noted in “Our 2025 Report.”

Also read: Barron Trump’s rare public appearance at UFC Freedom 250 elicits mixed reactions: ‘Looks absolutely miserable’

In addition, the former FBI The agent pondered: “Does CertiK know if Savannah has a Bitcoin account?”

“This is a huge breakthrough. Times have changed. The way these networks operate is new to LE [law enforcement]. Unless LE knows who took Nancy, the agent’s wrench is on the table. CertiK seems to know,” she claimed.

Nancy Guthrie Case Update

Savannah’s mother was last seen in her home catalina foothills January 31st. Following Nancy’s family reporting Nancy missing on February 1, pima county The Sheriff’s Department, working with the FBI, has been working to review leads and begin processing DNA evidence. As of this writing, despite an earlier ransom note demanding Bitcoin and Savannah There is a $1 million reward.

Savannah posted an emotional update on her Instagram Stories on June 7, writing, “OMG my soul is crying, soul, it’s shouting,” along with the religious artwork. “Take her home.”

Millionaire banker with royal ties arrested for pushing woman in front of London bus

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Millionaire banker with royal ties arrested for pushing woman in front of London bus

A senior banker with royal connections has been arrested in the long-standing “Putney Pusher” case, nearly a decade after a woman was pushed into the path of an oncoming bus in London.The 44-year-old man was detained with a £1 charge. Four million people were sent to homes in west London on suspicion of attempted grievous bodily harm. He is understood to be a director of a private bank and a former British Army officer who served in several major conflicts.A Metropolitan Police spokesman said: “On Monday, June 15, a 44-year-old man was arrested on suspicion of attempted grievous bodily harm. He was taken into police custody, where he remains. The arrest relates to an incident on May 5, 2017, in which a woman was pushed into the bus lane on Putney Bridge. The investigation continues. “The case relates to a shocking incident on Putney Bridge on May 5, 2017, when a 33-year-old woman was walking during the morning rush hour at around 7.40am. CCTV footage from the time shows a jogger approaching her from the opposite direction and pushing her onto the road.The jogger had room to pass safely, but the woman was pushed directly into the path of a double-decker bus traveling at about 12 mph (43.2 km/h).Bus driver Oliver Salbris braked just in time, almost causing a fatal accident. The woman survived the incident without serious injuries, while the jogger continued crossing the bridge without stopping.The video went viral. Detectives subsequently interviewed approximately 50 men and arrested three suspects.In 2018, the investigation ended without charges being laid, and the case became one of the UK’s most popular cold cases.The latest arrests have reignited interest in the case, with the Daily Mail reporting that the suspect has links to prominent European royal families, including the Windsors, but police have yet to comment on those claims.He is understood to have held senior financial positions in the city, advising wealthy clients and institutions. On professional review platforms, he is described as personable and well-liked by his colleagues.

Kevin Warsh’s first test as Fed chief could put him at odds with Trump on interest rates

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During the swearing-in of Kevin Warsh as the new Chairman FedPresident Donald Trump told him to be independent and make his own decisions. Trump said Warsh should not listen to him or anyone else and instead do what is best for the economy.

Kevin Warsh takes over as Fed chairman as inflation remains high and an interest rate cut is unlikely. (Photo by Aaron Schwartz/AFP) (AFP)
Kevin Warsh takes over as Fed chairman as inflation remains high and an interest rate cut is unlikely. (Photo by Aaron Schwartz/AFP) (AFP)

Warsh’s first big test may come after the Fed’s next policy meeting. Financial markets expect the Fed to keep interest rates unchanged. President Donald Trump has often called for lower interest rates because it would make loans and borrowing cheaper. Warsh could disappoint Trump if the Fed doesn’t cut interest rates.

The Fed typically lowers interest rates when the economy slows and jobs become harder to find. It raises interest rates when prices rise too fast and inflation becomes too high. When officials believe policy is already in a good place, it leaves rates unchanged. Economists say strong job growth and rising inflation related to the Iran war reduce the likelihood of a rate cut, USA Today noted. Some traders are even beginning to anticipate a possible rate hike later in 2026 or early 2027.

Bill Adams, chief U.S. economist at CITIC Bank, said the Fed would likely need a major negative shock to the job market to cut interest rates. Adams said this could come from worsening conflicts in the Middle East or job losses caused by artificial intelligence. According to USA Today, Adams said that without these issues, it will be difficult for the Fed to justify cutting interest rates.

Forecasters expect the Fed to keep the benchmark federal funds rate between 3.5% and 3.75%. The next Fed meeting will begin on June 16 and last two days.

Also read: Crude prices drop 4.7% after US-Iran deal ends war and reopens Hormuz: Here’s what the experts say

Inflation is emerging as Wash’s first big challenge

The Fed mainly focuses on the personal consumption expenditures (PCE) price index. The latest report shows that PCE inflation increased by 3.8% year-on-year in April. Core PCE, which excludes food and energy prices, rose 3.3%. Both figures remain above the Fed’s 2% inflation target.

this consumer price index (CPI) showed that prices increased by 4.2% year-on-year in May. The increase was largely driven by higher gasoline prices. This was the largest CPI increase in about three years. Core CPI inflation rose 2.9% year-on-year.

Core CPI rose only 0.2% in May. This was slower than April’s 0.4% increase. Economists say that could mean higher fuel prices don’t trickle down as strongly to other goods and services.

According to “USA Today”, Boston College professor Brian Bethune said that the PCE censored average may not be the best inflation indicator currently. Bethune said that the effect is better in stable periods such as 2009-2019. He believes that current inflation is driven by supply shocks such as tariffs, oil price spikes and other unusual events. In this case, the PCE’s revised average may underestimate inflation, Bethune said.

Regardless of which inflation measure is used, inflation remains above the Fed’s 2% target. Inflation has remained above this target since spring 2021.

What the Beige Book says about the economy

According to “USA Today”, the Beige Book is a report that summarizes the economic conditions of the Federal Reserve’s 12 regions. Federal Reserve policymakers use it when making interest rate decisions.

The latest Beige Book was released on June 3. The report shows that wage growth has generally kept pace with inflation. Many companies are absorbing higher costs rather than passing them on to customers. This suggests that businesses believe consumers cannot afford more price increases.

University of Michigan Consumer Sentiment Index opinion poll It fell to a record low in May. Joanne Hsu, director of consumer surveys, said 57% of respondents believe high prices are hurting their personal finances, USA Today reported.

The Beige Book shows that growing demand for data centers is creating more manufacturing jobs. However, many industries are still in a “low employment” and “low fire” environment. This means that the company will neither hire aggressively nor lay off employees on a large scale.

The leisure and hospitality industry added employees in May. According to USA Today, Bethune said some of the hires may be temporary and related to the World Cup. Health care and social assistance remain among the strongest sources of job growth.