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Why a bitter legal battle could be ahead for Jeffrey Epstein’s estate

Why a bitter legal battle could be ahead for Jeffrey Epstein’s estate

Finance
Jeffrey Epstein attends Launch of RADAR MAGAZINE at Hotel QT on May 18, 2005.Patrick McMullan | Getty ImagesA long battle lies ahead as Jeffrey Epstein's estate grapples with legal claims over the distribution of his assets.The 66-year-old financier was facing federal charges of sex trafficking minors and sex trafficking conspiracy. He drew up his will on Aug. 8, just two days before he was found dead in a Manhattan jail cell.His death was ruled a suicide by hanging.The will details Epstein's property as being valued at more than $ 577 million, including fine arts, antiques and collectibles whose value is yet to be determined.This is well over the $ 11.4 million per individual federal estate and gift tax exemption for 2019 — the maximum amount you can transfer to your heirs without being s
Amazon fires: ‘Our house is burning’, Macron warns ahead of G7

Amazon fires: ‘Our house is burning’, Macron warns ahead of G7

World
Media playback is unsupported on your device French President Emmanuel Macron has said the record number of fires in the Amazon rainforest is an "international crisis" that needs to top the agenda at this weekend's G7 summit."Our house is burning," he tweeted. Brazil's President Jair Bolsonaro responded by accusing Mr Macron of using the issue for "political gain". He said calls to discuss the fires at the G7 summit in Biarritz, which Brazil is not participating in, evoke "a misplaced colonialist mindset". The largest rainforest in the world, the Amazon is a vital carbon store that slows down the pace of global warming.It is also home to about three million species of plants and animals, and one million indigenous people.Satellite data publish...
A$AP Rocky released from Swedish jail ahead of assault verdict

A$AP Rocky released from Swedish jail ahead of assault verdict

Entertainment
A$ AP Rocky has been released from jail in Sweden ahead of a verdict in his assault trial. Along with two other men believed to be members of his entourage, the American rapper is accused of beating 19-year-old Mustafa Jafari in Stockholm on the evening of 30 June. Following a three-day trial, Senior District Court Judge Per Lennerbrant is due to hand down a verdict on 14 August.US President Donald Trump has previously lobbied for A$ AP Rocky's release, telling Swedish leader Stefan Lofven he would "personally vouch for his bail".Commenting on the rapper's bail, Mr Trump tweeted: "A$ AP Rocky released from prison and on his way home to the United States from Sweden. Advertisement ...
China is not budging ahead of Xi-Trump G-20 meeting

China is not budging ahead of Xi-Trump G-20 meeting

Finance
Flags of the US and China are placed ahead of a meeting between US Secretary of Agriculture Sonny Perdue and China's Agriculture Minister Han Changfu at the Ministry of Agriculture in Beijing on June 30, 2017.Jason Lee | AFP | Getty ImagesBEIJING— The Chinese Ministry of Commerce maintained a firm stance against the U.S. during a weekly press conference Thursday, less than two days ahead of a scheduled meeting between the leaders of the two countries. "We urge the U.S. to immediately cancel its pressure and sanction measures on Huawei and other Chinese companies, and push for the stable and healthy development of China-U.S. trade relations,“ Gao Feng, spokesman for the Ministry of Commerce said in Mandarin, according to a CNBC translation.Gao added the China is unchanged on its position on
Philip Green wins key vote for rescue plan ahead of meeting

Philip Green wins key vote for rescue plan ahead of meeting

Business
Sir Philip Green has won the backing of the Pension Protection Fund (PPF) for his plan to rescue Arcadia ahead of a crucial vote on Wednesday.The owner of Topshop has struck a £385m deal to secure its pension schemes, including a £100m contribution from Lady Cristina Green, Sir Philip's wife and Arcadia's largest shareholder.The PPF said it would now "vote in support" of Arcadia's restructure.But the plan, which includes closing 50 stores, needs the backing of landlords.They would have to agree to a rent cut on Arcadia's stores, which also include Burton, Miss Selfridge, Dorothy Perkins and Wallis.The restructuring would be done through a company voluntary arrangement (CVA), an insolvency process that allows a business to reach an agreement with its credi