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Bet365 boss earns £469m in a single year

Bet365 boss earns £469m in a single year

Business
PAThe boss of the gambling firm Bet365 has been awarded one of the biggest pay packets in UK corporate history.The highest paid director of Bet365 Group - believed to be founder and majority shareholder Denise Coates CBE - earned a salary of £421m in the year ending 29 March.She also earned £48m in dividends, taking her total pay to £469m. The company said the arrangements were "appropriate and fair", despite sales falling at the firm last year.But campaign group the High Pay Centre said it was "appallingly inefficient for single individuals to hoard wealth in this way".Ms Coates, who founded the Bet365 website 20 years ago in Stoke-on-Trent, has been the UK's highest paid boss for several years. How Bet365's Denise Coates hit her own jackpotShe is also one of Britain's wealthiest women an...
Bitcoin suddenly plunges 20% – wiping $10,000 off the value of a single coin

Bitcoin suddenly plunges 20% – wiping $10,000 off the value of a single coin

Technology
Bitcoin plunged by more than 20% over the weekend - wiping more than $ 10,000 (£7,395) off the price of a single coin.The fall puts the cryptocurrency on track for its biggest one-day drop since March, when the COVID-19 pandemic was just beginning to shred global markets. Bitcoin fell as low as $ 30,500 on Monday afternoon - its lowest point since 5 January - after reaching a record $ 42,000 on Friday.The crash prompted the UK's Financial Conduct Authority to warn that those who invest in cryptocurrencies should be prepared to lose all of their money.In a statement, the FCA said crypto investments generally involve very high risks - and some investment companies may understate these dangers while exaggerating potential returns. ...

Two kids, no support system and $167 in unemployment benefits: One single mom’s plight in the age of Covid-19

Finance
Jennifer Haynes, a self-employed chef and single mother living in Rancho Cucamonga, Calif., is struggling to make ends meet after unemployment benefits abruptly stopped in July without explanation. Meanwhile, the 42-year-old is the sole provider for twin boys, one of whom has special needs.Jennifer HaynesJennifer Haynes didn't just fall through cracks in the country's social safety net.In her case, it's been more like a chasm.Haynes, 42, a self-employed chef and single mother living in Rancho Cucamonga, California, had been getting $ 167 a week in unemployment benefits and an extra $ 600 a week from the federal government. The aid was enough to catch up on a few months of bills and feed her 11-year-old twin boys.But then the California unemployment office mysteriously stopped sending ben...
B-52s to fly over all 30 NATO countries in a single day

B-52s to fly over all 30 NATO countries in a single day

Business
Aug. 28 (UPI) -- B-52 Stratofortress bombers will ceremonially overfly all 30 NATO countries on Friday, accompanied by allied aircraft in a statement of solidarity. "Allied Sky" will feature four B-52s currently deployed to Royal Air Force Fairford in Britain, NATO officials said. Advertisement The strategic bombers will travel to each European NATO country, and in some cases integrate with fighter planes and aerial refueling maneuvers. Two B-52s assigned to the 5th Bomb Wing at Minot, N.D., Air Force Base will fly over Canada and the United States. Aircraft from Belgium, Bulgaria, Canada, Croatia, Czech Republic, Denmark, France, Germany, Greece, Hungary, Italy, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Spain, Turkey and Britain are expected to fly along with the B-52s. A...
GoAir launches GoFlyPrivate to allow passengers to book multiple rows on single PNR

GoAir launches GoFlyPrivate to allow passengers to book multiple rows on single PNR

Finance
MUMBAI: Budget carrier GoAir on Friday launched a scheme, 'GoFlyPrivate', to offer passengers "private zone" in the aircraft by allowing them to book multiple rows on a single PNR. The airline said the facility costs "a fraction of a full-fledged private charter flight". GoFlyPrivate allows customers to have the confidence to travel and decide how many rows of seats they want to block, the airline said in a release. "In another first from GoAir, the airline today (Friday) introduced 'GoFlyPrivate' wherein customers can book multiple rows and create their own private zone on a single PNR (passenger name record)," GoAir said. Struggling for revenue amid lack of travel demand due to the coronavirus pandemic, domestic carriers are taking various measures, such as offering adjacent seat to a pa...