London Daily

Focus on the big picture.

Hello and welcome back. Here we are with your latest news update from around the world.

Hello and welcome back. Here we are with your latest news update from around the world.
Starting with US upcoming election. Tim Mellon, a US banking heir, has donated 50 million dollars to a super PAC supporting former President Donald Trump after his recent conviction.

A super PAC, or Political Action Committee, can raise and spend unlimited amounts of money to influence elections but cannot coordinate directly with candidates.

This significant contribution brings Trump’s campaign funds in line with President Biden's.

In international relations, the US has unveiled a draft plan to restrict investment in Chinese technology.

This proposal aims to limit Chinese advancements instead of focusing on helping American startups become better and more competitive in a market where China has left US companies far behind.

In a shocking legal update, members of the Hinduja family, one of the wealthiest and most influential families in the UK and globally, have been sentenced to jail for exploiting domestic staff.

Among those found guilty by a Geneva court is Prakash Hinduja, highlighting the fact that in the Swiss legal system, unlike the UK legal system,

you cannot buy the justice system with your money, which our dear British audience may find very refreshing news.

In the UK, more and more wealthy foreigners are planning to leave, as taxes increase.

With both major political parties proposing to abolish the 'non-dom' regime, more high-net-worth individuals are considering relocating to countries with fairer, more balanced tax systems that provide appropriate services in return for taxes paid.

In the UK, people face very high taxes and receive very little in return, often experiencing low-quality services, if any.

Finally, in UK politics, the Labour Party has received 15 times more in large donations than the Tories, according to recent figures.

This financial boost could significantly impact the upcoming elections, as money influences democracy much more than agenda.

That's all for now. Stay tuned, for more updates.
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