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Read previewWarning: Spoilers ahead for "House of the Dragon" season two, episode seven, and the "Fire and Blood" novel. Hugh Hammer casually drops a massive bombshell in the latest episode of "House of the Dragon," which may have complicated the Targaryen family tree even further. Hugh is not directly related to the Targaryens in 'Fire and Blood'Rhaenyra (Emma D'Arcy) recruits new dragon riders in "House of the Dragon" episode seven. Theo Whiteman / HBOIn "Fire and Blood," Hugh is the bastard of an unnamed blacksmith from Dragonstone. In "Fire and Blood," Hugh betrays Rhaenyra and eventually tries to seize the Iron Throne for himself so that he can rule as king.
Persons: , Hugh Hammer, Emma D'Arcy, Targaryen, Hugh, Kieran Bew, Viserys, Daemon Targaryen, Baerlon, Vermithor, Theo Whiteman, Alyssa, Daenerys, Maegelle, Rhaenyra, It's, haven't Organizations: Service, Business, HBO Locations: Dragonstone, Westeros
Barclays has identified a list of global stocks poised to benefit as central banks in Europe and the U.K. prepare to cut interest rates. The European Central Bank and the Bank of England are expected to continue, or begin, reducing interest rates in the second half of this year, continuing into 2025. Barclays economists project that by mid-2025, the ECB's key rate could reach 2.5%, while the Bank of England's rate might settle at 4%. Barclays included the following stocks in its "rate-cut winners basket", among which are: Cellnex Telecom, Royal KPN , Hermes , Zalando , and Siemens Healthineers . While banks are often thought to suffer from lower interest rates, Barclays suggests that any loss in earnings from lower rates could be partially offset by higher lending volumes and reduced provisions for bad loans.
Persons: Royal KPN, Matthew Joyce Organizations: Barclays, European Central Bank, Bank of England, Bank of, Cellnex Telecom, Royal, Siemens Locations: Europe
Artificial Intelligence Gives Weather Forecasters a New Edge The brainy machines are predicting global weather patterns with new speed and precision, doing in minutes and seconds what once took hours. GraphCast GraphCast Miss. specialist at the European Center for Medium-Range Weather Forecasts, the agency that got upstaged on its Beryl forecast. Even so, reliable weather forecasts turn out to be extraordinarily hard to achieve. As a result, weather forecasts can fail after a few days, and sometimes after a few hours.
Persons: Hurricane Beryl, GraphCast, Beryl MEXICO, Hurricane Beryl Miss ., William B, Davis, , Matthew Chantry, Christopher S, Amy McGovern, Dr, McGovern, , Brandon Bell, Maria Molina, Bretherton, Sir Richard Friend, Rémi Lam, GraphCast’s, Lam, . Lam, Beryl, Hurricane Lee, DeepMind’s GraphCast, . Chantry, Chantry, Paul G, Allen, , we’ve, Molina, Jamie Rhome, Rhome, Mr, There’s Organizations: A.I, Beryl MEXICO CUBA European, JAMAICA European, Beryl MEXICO CUBA JAMAICA Hurricane, National Hurricane Center, Hurricane, NOAA, European Press Agency, Google, European Center, University of Washington, University of Oklahoma, University of Maryland, Royal Academy of Engineering, Cambridge University, Getty, Nvidia, Huawei, Fudan University, Allen Institute for A.I, Microsoft Locations: Va . Ky, N.C, Okla, ., Ala . Texas, Texas, Fla, Va, Kan, Mo, Ky, Beryl MEXICO CUBA, VENEZUELA COLOMBIA, Tenn, Okla ., Beryl MEXICO CUBA JAMAICA, Caribbean, Mexico, Houston, London, DeepMind, Land , Texas, A.I, Freeport , Texas, England, Canada, Nova Scotia, China, Corpus Christi , Texas, Miami
The IDF launched a devastating and widespread bombing campaign of Gaza immediately following Hamas' October 7 massacre in Israel, during which some 1,200 people were killed. Palestinians cycle past destroyed buildings leveled as a result of Israeli bombardment in northern Gaza in July 2024. One of the issues that arose was that Israeli tank drivers had a hard time figuring out the depth of a crater left by an explosion while using night vision. To make matters worse, the IDF has suffered from tank shortages during its monthlong campaign in Gaza. The destruction in Gaza also turned the battlespace into an "irregular, congested, and complex visual environment," the RUSI conflict analysts said.
Persons: , OMAR AL, Jack Watling, Nick Reynolds, rubblization, Ohad Organizations: Service, Israel Defense Forces, Royal United Services Institute, Business, IDF, Hamas, Getty, REUTERS Former US, rubblization Locations: Gaza, Israel, AFP, Israeli
Submarines could be very useful for defense of Canadian territory, or asserting a presence in contested Arctic waters. But tripling Canada's submarine fleet will require more than buying new boats. AdvertisementThough Canada acquired its first submarine in 1914, its recent experience with undersea boats has not been a happy one. In 1998, the Royal Canadian Navy bought four used British Upholder-class diesel-electric subs that became surplus as Britain switched to an all-nuclear submarine fleet. Several foreign shipbuilders have expressed interest in selling subs to Canada, including South Korea's Hanwha Ocean and Sweden's Saab.
Persons: , Paul Mitchell, Mitchell, Refits, Sweden's, Michael Peck Organizations: Service, Royal Canadian Navy, NATO, Business, Canadian Forces College, Canada's Department of National Defense, East, Pacific, RCN, Britain, Sweden's Saab, Canada, Shipbuilding Strategy, Royal Canadian Air Force, Defense, Foreign Policy, Rutgers Univ, Twitter, LinkedIn Locations: Canada, Britain, Germany, Victoria, Canadian, Russia, China, Pacific, Davis, Taiwan, Japan, Korea, Barents, West, British Columbia, South, Forbes
Editor’s note: A version of this story appeared in CNN’s Wonder Theory science newsletter. Thousands of years ago, our ancestors produced the first maps of the stars and practiced alchemy, the precursor to chemistry. But ancient alchemists actually developed technology and discovered chemical elements that are still widely used today. Now, a new discovery links both astronomy and alchemy in one intriguing figure who lived during the Renaissance. Once the Starliner mission concludes, SpaceX will ferry a quartet of astronauts for NASA’s Crew-9 mission to the space station.
Persons: Sir Isaac Newton, Uraniborg, Tycho Brahe, Brahe, wasn’t, Butch Wilmore, Suni Williams, Mark Nappi, Craig Smith, Diva Amon, Andrew Sweetman, Sweetman, , David Flannery, Ashley Strickland, Katie Hunt Organizations: CNN, Chemists, Lund University Danish, NASA, Boeing, Engineers, SpaceX, NASA’s, Marine, Scottish Association for Marine Science, JPL, Caltech, Perseverance, CNN Space, Science Locations: Ireland, Brazil, Mars
Royal Caribbean Group oversees Royal Caribbean International, Celebrity Cruises, and Silversea. Here's how the cruise lines compare and how to pick the best one for your needs. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . The cruise line's parent company, Royal Caribbean Group, oversees three businesses that all target different cruising segments: families (Royal Caribbean International), premium (Celebrity Cruises), and ultra-luxury (Silversea).
Persons: , You've Organizations: Royal Caribbean Group, Royal Caribbean International, Celebrity Cruises, Service, Business
Earlier this month, the US and allies practiced taking out a large surface ship with long-range weapons, including, for the first time, a US Air Force B-2 bomber. It showed the US military can use one of its most survivable weapons platforms, the B-2 Spirit stealth bomber, to sink a major surface ship with a low-cost guided bomb. The Air Force says its stealthy characteristics allow it to penetrate heavily defended areas and also fly with a small chance of being detected by radar at high altitudes. Mating it up with relatively cheap and demonstrably effective precision-guided bombs with warheads of up to 2,000 pounds could give the Air Force bombers the “anti-ship lethality” of a submarine-launched torpedo without the liabilities of a submarine, according to a US Air Force website. The Air Force first tested QUICKSINK in 2022, when an F-15 fighter jet released a GBU-31 Joint Direct Attack Munition (JDAM) that destroyed a full-scale surface target in the Gulf of Mexico, according to an Air Force statement.
Persons: , Seleena Muhammad, QUICKSINK, Carl Schuster, ” Schuster, Jon Husman, Alessio Patalano, Mark Hammond, Australia’s, , LSIS Daniel Goodman, USS Fitzgerald, John Wade, RIMPAC, John Bradford, ” Bradford, Zhongping Organizations: South Korea CNN, US Air Force, US, Air Force, Munitions, Royal Air Force, U.S . Air Force, Navy, Air Force Research, Liberation Army Navy, PLAN, US Pacific Command Joint Intelligence Center, U.S . Navy, King’s College, US Navy, Ship, 3rd Fleet, Royal Australian Navy, Naval, Australia, Royal Australian, Kongsberg Defence & Aerospace, US Navy destroyer, US Marine Corps, Task Force, Foreign Relations International Affairs, Times, PLA Navy, Global Times, ” Global Times Locations: Seoul, South Korea, Kauai, China, Tarawa, England, U.S, Gulf of Mexico, Pacific, Taiwan, Philippines, Japan, London, Oahu, Hawaii, Norwegian, USS Dubuque, , Malaysia, Netherlands, China China, Asia, Taiwan Strait, South China
Part of the building site of the Magic City development in Little Haiti. Among the properties is Sixty Uptown Magic City, billed as a collection of luxury residential units. Plaza Equity Partners, a real estate developer and one of the Magic City partners, did not respond to CNBC's requests for comment. Magic City development site in Little Haiti. Magic City investors also invested $31 million in the Little Haiti Revitalization Trust, created and administered by the City of Miami to support community revitalization in Little Haiti.
Persons: Greg Iacurci, Greg Iacurci MIAMI — Nicole Crooks, James Brown, Sam Cooke, Ray Charles, Aretha Franklin, Ella Fitzgerald, Jackie Robinson, Joe Louis, Overtown, Crooks, Nicole Crooks, Carl Gershenson, Gershenson, Moody's, Robert Zangrillo, Princeton's Gershenson, Andrew Rumbach, Chris Rogers, Rumbach, Brown, Fredericka Brown, Carolyn Donaldson, Greg Iacurci Carolyn Donaldson, Donaldson, David Arditi, Greg Iacurci Flood, Arditi, homebuyers, Han Li, Richard J, Grant, Todd Crowl, Urban Institute Paulette Richards, Richards, who's, Carl Juste, Greg Iacurci Carl Juste's, — Viter, Maria Juste, Little, Little Haiti —, " Juste, Juste, Neil Fairman Organizations: Lyric, Greg Iacurci MIAMI, Catalyst Miami, Princeton University Eviction, Magic City, Liberty City —, Dade, Harvard University, Florida International University, Magic City Innovation, Dragon, Miami ZIP, Liberty City, Miami, West Palm Beach, Boca Raton, Urban Institute, Marshall Fire, Photodisc, Georgia Institute of Technology, Brookings Institution, Macedonia Missionary Baptist Church, Macedonia Missionary Baptist, Grove Rights, Community Equity, Development, Developers, City, Aria Development, Federal Emergency Management Agency, University of Miami, Florida International University Institute of Environment, Women, Leadership Miami, Little Haiti, Magic City Innovation District, Dragon Global, Magic, Plaza Equity Partners, Lune, Lambert, Little Haiti Revitalization Trust Locations: Miami's Overtown, Miami, Overtown , Miami, Magic, Little Haiti, U.S, Zillow, Overtown, Allapattah, Liberty, Dade County, Kendall, West Palm, Delray, Honolulu, Louisville , Colorado, Colorado, Coconut Grove, Macedonia, West, West Grove, Bahamas, Grove, City of Miami, Brickell, Caribbean, Liberty City, Haitian Diaspora, Magic City, Lune Rouge
South Sudan, the world’s newest country, captured the hearts of spectators at the World Cup en route to a 17th place finish out of 32 teams. He was forced to leave South Sudan as a young child, escaping the Second Sudanese Civil War. Sporting rootsAfter decades of civil war, South Sudan gained independence from Sudan in 2011 following a referendum, making it the world’s newest widely recognized state. South Sudan players celebrate during the game against Team USA. South Sudan enters the Games bearing the additional responsibility of being the only African men’s basketball team to qualify – Nigeria qualified for the women’s competition.
Persons: LeBron James, Wenyen Gabriel, who’s, Gabriel, James Fearn, ” Gabriel, , Manute Bol, Luol Deng, Deng, Akuot Chol, Bol Bol, JT Thor, Duop, , Nathaniel S, Butler, ” Deng, ” “ We’re, Hakeem Olajuwon, Joel Embiid, they’re, Kin Cheung, Paul Pierce, Gilbert Arenas, Arenas, ” Pierce, , Luol, Royal Ivey, ” Ivey, Guillem Sartorio, Ivey Organizations: CNN, men’s, FIBA, Bright Stars, Olympics, NBA, Los Angles Lakers, Los Angeles Clippers, New Orleans Pelicans, Sudanese, Great, CNN Sport, Sporting, United Nations, South, Getty, Team USA, O2, – Nigeria, Los Angeles Lakers, USA, Houston Rockets Locations: South Sudan, Cairo, United States, Great Britain, Sudan, London, Egypt, Juba, AFP, South Sudanese, Paris, Nigeria, Cameroon, Serbia, Puerto Rico
CNN —A 19th-century shipwreck packed with crates of unopened champagne has been found in the depths of the Baltic Sea. The long-forgotten vessel was brimming with bubbly, according to the team of Polish divers who made the discovery off the coast of Sweden. “The whole wreck is loaded to the brim with crates of champagne, mineral water, and porcelain,” Tomasz Stachura, the leader of the Baltictech diving team that found the wreck, said in a press release sent to CNN. The divers said the wreck was in very good condition. While the champagne certainly provided cause for celebration, it was the bottles of water that perhaps shed most light on the vessel’s history.
Persons: Tomasz Stachura, , , Selters –, Marek Cacaj, , Stachura, MARIS, Johan Rönnby Organizations: CNN, Södertörn University Locations: Baltic, Sweden, Swedish, Öland, , Selters, Hesse
GLD 5Y mountain GLD The SPDR Gold Shares ETF is the world's largest, with BlackRock's iShares Gold Trust and iShares Physical Gold ETC the second and third, respectively. Other top physical gold ETFs include the Borse Commodities GmbH Xetra-Gold and the SPDR Gold MiniShares Trust . Gold mining ETFs Buying gold mining ETFs — which own shares of multiple gold mining companies — is another way to get exposure to gold, and Meyer described those backed by large banks as "relatively safe," in an email to CNBC. "Even though gold equities respond to changes in gold price, the degree of that response has deteriorated over time," he said, adding that the risks and costs of gold extraction can weigh on miners. A selection of gold bars and one-ounce gold coins at Gold Investments Ltd. bullion dealers in London, UK, on Tuesday, May 21, 2024.
Persons: Tom Price, Price, Berenberg, Robin Bhar, Amy Arnott, John Meyer, Colin Hamilton, BlackRock's, Meyer, Barrick Gold Panmure Liberum, George Milling, Stanley, they're, Morningstar's Arnott, Bhar, Chris Ratcliffe Organizations: CNBC, Panmure, Bank of America, Citi, UBS, Gold, Morningstar, SP, CNBC Pro, Royal Mint, BMO Capital Markets, Borse Commodities, MiniShares, Gold Miners ETF, Miners, Barrick, Resolute Mining, Hochschild, Caledonia Mining, Barrick Gold Panmure, Endeavour Mining, Endeavour, Pan, Resources, State Street Global Advisors, Gold Investments, Bloomberg, Getty Locations: Panmure Liberum, U.S . New York, United States, U.S, Hochschild Mining, Zimbabwe, London, West Africa, Berenberg
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewRussia would likely take up to 1.8 million wounded and dead over five years to achieve its goal of fully capturing four major Ukrainian regions, said the new chief of the British Army. On Sunday, he said the UK must be ready to go to war in three years, per the BBC. AdvertisementAnalysts fear that Russia can outlast Ukraine's defense through its aggressive recruitment drives and a defense manufacturing industry that's kicked into overdrive. Russia has poured 40% of national spending into defense and security, essentially putting its economy on a war footing.
Persons: , Sir Roly Walker, he'd, He'd, Walker, Vladimir Putin, Putin, that's Organizations: Service, British Army, Business, Warfare, Royal United Services Institute, , Luhansk —, News, SAS, Staff, BBC, Sky Locations: Russia, Ukraine, British, London, Donetsk, Luhansk, Kherson, Kyiv, Kharkiv, — Donetsk, Ukrainian, Moscow
Prince Harry’s marathon quest against Britain’s tabloids produced a “monumental victory” in the courts, he said in a TV interview that will air Thursday, but it was a “central piece” of the bitter rift between him and other members of the British royal family. Speaking for the first time since winning hundreds of thousands of pounds in damages from Mirror Group Newspapers over his claims that it had wrongfully invaded his privacy, Harry, 39, said that he had been vindicated by the judge’s ruling, even if the price to his relations with his family was high. “I’ve made it very clear that this is something that needs to be done,” Harry said in excerpts released by ITV News, part of an hourlong documentary about the phone-hacking scandal. But he added, “It would be nice if we, you know, did it as a family.”Harry, the younger son of King Charles III, did not explain exactly how his legal battle had further ruptured relations with his father or brother, Prince William. In his memoir, “Spare,” he attributed the rift to multiple causes, including his family’s treatment of his wife, Meghan Markle, a biracial American former actress.
Persons: Prince, Harry, “ I’ve, ” Harry, King Charles III, Prince William, , Meghan Markle Organizations: Mirror Group Newspapers, ITV News Locations: American
Although the thought of saving $1 million or more by the time you reach retirement age may seem overwhelming, the process doesn't have to be — especially if you start early. Instead of focusing on the total, try paying attention to your savings rate, which is the percentage of your annual pre-tax income you're contributing to your retirement investment account. But your savings rate is something you can control. Fidelity recommends a savings rate of at least 15%, inclusive of any employer match. To that point, you can begin your retirement savings journey by setting aside just $10 a day, or $70 a week.
Persons: it's, James Royal Organizations: Fidelity, CNBC
Princess Diana’s handwritten letters go on sale
  + stars: | 2024-07-25 | by ( Rosa Rahimi | ) edition.cnn.com   time to read: +3 min
CNN —Princess Diana’s letters to her family’s former housekeeper are going on sale, providing an “insight” into her life behind closed doors, including wedding preparations to the then-Prince Charles, and details of Prince Harry and Prince William’s childhood relationship. “[Collison] was a constant in Diana’s life, and remained so all her life,” Luke Macdonald, head of art and estates at Sworders, told CNN Thursday. “They were very close,” said Macdonald, adding that the two would correspond for birthdays, Christmases, and even before Diana’s wedding to then-Prince Charles. One letter dated July 8, 1981 – three weeks before the royal wedding – was handwritten by Diana on Buckingham Palace stationary, telling Collison about the pre-wedding preparations. Another letter, written 10 days after the birth of Prince Harry in 1984, thanks Collison for a gift she sent the newborn.
Persons: Diana’s, Prince Charles, Prince Harry, Prince William’s, Violet Collison, Collie, Diana, Collison, Sarah, Jane, Charles, , ” Luke Macdonald, Macdonald, , Prince Charles ., , ” Diana, Harry –, Prince, “ William, Harry, we’re, William Organizations: CNN, House, Sandringham Locations: Sandringham Estate, Norfolk, Sworders, Collison’s Norfolk, , , Kensington
CNN —Prince Harry said in an interview on ITV that despite feeling “vindicated” after a “monumental victory” last year against a major British tabloid, he believes his battle against the press was a “central piece” of the rift that formed between him and members of the royal family. In December last year, Prince Harry was awarded £140,600 after the UK High Court ruled he was the subject of “extensive” phone hacking by Mirror Group Newspapers (MGN) from 2006 to 2011. Justice Fancourt ruled that 15 stories published about Prince Harry by MGN used unlawful information gathering methods such as hacking of voicemail messages and the use of private investigators. Prince Harry described it as a “David vs Goliath situation,” in the ITV documentary. While Prince Harry said he feels vindicated by the Mirror phone hacking decision, he added that he wished his family would have joined him in pursuing the court case.
Persons: Prince Harry, , , Justice Fancourt, MGN, David, “ The Davids, Rebecca Barry, Hugh Grant Organizations: CNN, ITV, Group, Court, Mirror Group, PA Media Locations: British
Royal Caribbean shares fall despite Q2 beat
  + stars: | 2024-07-25 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRoyal Caribbean shares fall despite Q2 beatCNBC's Seema Mody reports on the latest from Royal Caribbean.
Persons: CNBC's Seema Mody Organizations: Royal Caribbean, Royal Locations: Royal Caribbean
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewRussia would likely take up to 1.8 million wounded and dead over five years to achieve its goal of fully capturing four major Ukrainian regions, said the new chief of the British Army. On Sunday, he said the UK must be ready to go to war in three years, per the BBC. AdvertisementAnalysts fear that Russia can outlast Ukraine's defense through its aggressive recruitment drives and a defense manufacturing industry that's kicked into overdrive. Russia has poured 40% of national spending into defense and security, essentially putting its economy on a war footing.
Persons: , Sir Roly Walker, he'd, He'd, Walker, Vladimir Putin, Putin, that's Organizations: Service, British Army, Business, Warfare, Royal United Services Institute, , Luhansk —, News, SAS, Staff, BBC, Sky Locations: Russia, Ukraine, British, London, Donetsk, Luhansk, Kherson, Kyiv, Kharkiv, — Donetsk, Ukrainian, Moscow
Read previewRussia has increasingly been striking Ukrainian positions with its new 6,600-pound glide bomb, a highly destructive weapon that is notoriously difficult to defeat. AdvertisementA FAB-3000 glide bomb is seen in this video released on July 14 by the Russian Ministry of Defense. The new FAB-3000 glide bomb's first known combat usage was in June, and it has been used extensively in the weeks since. AdvertisementOnce released from an aircraft, glide bombs have short flight times, generate small radar signatures, and travel on non-ballistic trajectories. AdvertisementA FAB-3000 glide bomb is seen mid-flight in this video released on July 14 by the Russian Ministry of Defense.
Persons: , Russian Su, Justin Bronk, George Barros, Su, Bronk, Maxim Shemetov, Volodymyr Zelenskyy, Biden, Zelenskyy Organizations: Service, Business, Warfare, Russian Ministry of Defense . Russian Ministry of Defense, FAB, Institute for, Royal United Services Institute, Holding, MGM, Tactical Missile Systems, Russian Aerospace Forces, International Army, REUTERS, Russian Locations: Russia, Russian, Ukraine, Kyiv, Kharkiv, Moscow, Holding Ukraine, Ryazan
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCalls of the Day: Arista Networks, P&G, Colgate-Palmolive, Royal Caribbean and Progressive Corp. The Investment Committee discuss the latest Calls Of The Day.
Organizations: Arista Networks, Colgate, Palmolive, Royal, Progressive Corp Locations: Royal Caribbean
More than 200,000 people are estimated to have been abused by state and religious organizations in New Zealand that had been entrusted with their care, according to the final report from a landmark independent inquiry released on Wednesday. The abuse included sexual assault, electric shocks, chemical restraints, medical experimentation, sterilization, starvation and beatings, said the report from the Royal Commission of Inquiry Into Abuse in Care. Many of the victims were children who had been removed from their families and placed in state, religious or foster care. “For some people this meant years or even decades of frequent abuse and neglect,” the report said. “For some it was a lifetime; for others it led to an unmarked grave.”In a statement accompanying the release, Coral Shaw, the inquiry’s chair, described the abuse as an “unthinkable national catastrophe.”
Persons: Coral Shaw Organizations: Royal Commission of Locations: New Zealand
And, fittingly, in the first full year of his reign, the British monarchy introduced a slew of measures to tackle its rising carbon emissions. The King’s two Bentleys will also be modified within the next year to run on biofuel, according to Britain’s PA Media. The Royal Household aims to transition to an “almost fully electric” fleet of vehicles eventually, the accounts said, without providing a target date. Whether biofuels used for vehicles reduce carbon emissions is contentious and depends on many factors, including their source. Crown Estate profits soared in the 2023-24 financial year to a record £1.1 billion ($1.4 billion), boosted by revenue from offshore wind projects.
Persons: London CNN — King Charles III, Prince Harry, Meghan, , Charles ’, Sovereign Grant —, Sovereign Grant, Angela Dewan Organizations: London CNN, Royal, Windsor Castle, Britain’s, Media, Royal Household, SAF, Sandringham Estate, Sovereign, Northern Ireland — Locations: British, Windsor, Windsor Castle —, Sandringham, United States, London, England, Wales, Northern Ireland
LONDON — Britain's King Charles III is set for a bumper £45 million ($58 million) pay raise after profits at the sovereign's public estate more than doubled, according to official records. Profits of The Crown Estate — a portion of which funds the monarchy — increased 148% from £443 million in 2022-23 to £1.1 billion ($1.4 billion) in 2023-24, an annual report showed Wednesday. The Crown Estate, the national portfolio of historical and commercial land-holdings, is owned by the British monarch but managed independently and its revenues are given to the government. In exchange, the monarchy currently receives 12% of Crown Estate profits — a proportion calculated on funds two years in arrears. Staffing the royal household cost £27.9 million in the last financial year, while property maintenance was £47 million amid continued renovations of Buckingham Palace.
Persons: King Charles III, Grant, King Charles, Dan Labbad, Labbad, Sovereign Grant Organizations: The, Sovereign Locations: British, Buckingham Palace, Kenya
CNN —New Zealand Prime Minister Christopher Luxon expressed regret on Wednesday after a public enquiry found some 200,000 children, young people and vulnerable adults were abused in state and religious care over the last 70 years. Prime Minister Christopher Luxon speaks during the release of The Royal Commission of Inquiry into Abuse in Care report on July 24, 2024 in Wellington, New Zealand. Hagen Hopkins/Getty ImagesThe report by Royal Commission of Inquiry spoke to over 2,300 survivors of abuse in New Zealand, which has a population of 5.3 million. The inquiry detailed a litany of abuses in state and faith-based care, including rape, sterilisation and electric shocks, which peaked in the 1970s. Those from the Indigenous Maori community were especially vulnerable to abuse, the report found, as well as those with mental or physical disabilities.
Persons: Christopher Luxon, ” Luxon, Hagen Hopkins, Pope, of, Charlotte Graham, Luxon, , Tracey McIntosh Organizations: CNN, Zealand, Royal Commission of, Royal Commission, Safe Agency, University of Auckland Locations: New, Wellington , New Zealand, New Zealand, of Canterbury
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