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Broadcaster ITV has set aside £61m for potential tax liability, according to reports published on Tuesday (27 May). ITV’s annual report for 2024 showed that £61m has been set aside in case the broadcaster faces tax liability related to its use of freelance workers and contractors. Due to ongoing reviews by HMRC, the final amount payable could be significantly different to the amount set aside, the broadcaster has reported. Following correct payment procedures for freelance and contract workers should not be a tick-box exercise, stated Seb Maley, CEO of insurance specialists Qdos. He told HR magazine: “There are a number…

The 10-year U.S. Treasury yield rose 4.5 basis points to 4.493%, while the Dollar Index (DXY) advanced 0.33% to 99.89, buoyed by robust consumer confidence data from the Conference Board, which marked the highest level in four years. “Investors are adopting a wait-and-see approach as the Fed weighs stagflation risks,” noted a senior analyst. Silver Resilient Amid Mixed Market Forces In contrast, silver prices edged higher to around $33.22 per ounce. The metal found support from safe-haven demand amid geopolitical tensions, though its gains were capped by the same factors that pressured gold—rising yields and a firm dollar. Price action…

The Pakistan Freelancers Association (PAFLA), the country’s leading body representing freelancers, has joined hands with Innovista, a national initiative by SIFC focused on collaborative workspaces and innovation, to launch a strategic partnership that will benefit more than 50,000 freelancers each year nationwide. The alliance seeks to transform Pakistan’s freelance sector by providing capacity-building programs, improved digital infrastructure, and advocacy for policy reforms to formally recognize freelancers’ growing role in the economy.  Key initiatives include nationwide training bootcamps, access to co-working and learning spaces at Innovista, awareness campaigns on freelancers’ rights, taxation, and integration with global platforms. Ibrahim Amin, PAFLA Chairman,…

As Bitcoin and Ethereum hover near critical resistance levels, market sentiment is shifting rapidly. Analysts are now calling for an incoming Altseason, with bullish momentum building across the board, even as macroeconomic uncertainty continues to rattle global markets. Despite rising treasury yields and geopolitical tensions, crypto assets are showing strength, and altcoins appear poised to benefit next.Top analyst Axel Bitblaze has spotlighted May 30th as a potentially defining moment in this cycle. This week, over $5 billion in stablecoins will be distributed to FTX creditors—a massive injection of liquidity representing nearly 2% of the entire stablecoin supply. Unlike previous events,…

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A man explores social media on a computer at an internet club in Islamabad. — Reuters/FileKARACHI: The Pakistan Freelancers Association (PAFLA), the national-level representative body of freelancers, and Innovista, the SIFC’s national initiative for collaborative workspaces and innovative platforms, have announced a strategic partnership aimed at creating transformative opportunities, including capacity building and business collaboration, for more than 50,000 freelancers every year across Pakistan. This landmark collaboration is set to reshape the freelance ecosystem through capacity building, digital infrastructure and policy advocacy, paving the way for freelancers to play an even more critical role in the national economy.Chairperson PAFLA Ibrahim…

By Suzanne McGee (Reuters) -REX Financial launched a single-stock exchange-traded fund tied to Nvidia, the powerhouse chipmaker that has dominated stock market returns over the last two years, on Wednesday morning, hours ahead of the release of Nvidia’s earnings. The new fund, the REX NVDA Growth & Income ETF is a form of covered call ETF that uses option strategies to generate income while at the same time giving investors exposure to a portion of the upside in Nvidia’s stock price, REX said. “We think it will allow people to have their cake and eat it, too,” said Scott Acheychek,…

Article contentIt was an exciting weekend as the Mayerthorpe Rodeo played out at the Mayerthorpe Exhibition Centre from May 23 to 25.Article contentThe 2025 rodeo was held by the Mayerthorpe Rodeo Club as part of the community’s Fairthorpe event. Mayerthorpe athlete Koby Ziemmer won Saturday night’s round of tie-down roping with a time of 11.1 seconds during the Mayerthorpe Rodeo. Photo by Brad QuarinThe announcer was Randy Schmidt and the judges were Gary Havell and Barb Alstott, with Schmidt and Havell returning to their roles from the 2024 rodeo. Chet Meston took 63 points with Rocket Paint during novice horse…

The digital bank Starling has suffered a 25% drop in annual profits and said it would turn down government guarantees on £28m of Covid loans losses after conceding its own weak controls were to blame.The admission stirs up a long-running controversy over Starling’s handling of the government-backed bounce back loan (BBL) scheme, which was built to get money quickly to small businesses during lockdown.The scheme offered loans of up to £50,000 at 2.5% interest but carried little risk, with taxpayers picking up 100% of losses if the companies defaulted.On Wednesday, Starling’s chief executive, Raman Bhatia, said the bank had proactively…

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