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Oil prices jump for third straight day

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Yahoo Finance Video

Oil prices (CL=F, BZ=F) are on the move, registering its third consecutive day of gains. This surge comes in the wake of escalating Middle Eastern tensions, as Iran launched a ballistic missile attack on Israel on Tuesday, sparking fears of potential oil supply disruptions in the region.

Yahoo Finance Senior Markets Reporter Ines Ferré delves into the details, analyzing the factors driving the commodity’s price higher.

For more expert insight and the latest market action, click here to watch this full episode of Catalysts.

This post was written by Angel Smith

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Why There Is a Court Battle Over This Beaver

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Why There Is a Court Battle Over This Beaver

A two-year-old beaver named Nibi that has won the hearts of thousands online is at the center of a court battle.

Nibi has lived with Newhouse Wildlife Rescue in Chelmsford, Massachusetts, since she was rescued as a baby, but the organization filed an emergency injunction against the Massachusetts Division of Fisheries and Wildlife (MassWildlife) after the state office told rescuers to release Nibi into the wild.

The issue began after the rescue organization sent a request to MassWildlife for Nibi to be an educational beaver, which would allow Nibi to be taken to schools and libraries. The application was rejected, and MassWildlife said Newhouse Wildlife Rescue would have to release the beaver back into the wild, the rescue organization said in a Facebook post.

Jane Newhouse, founder and president of the rescue organization, told the Associated Press that Nibi would struggle to survive if released since she doesn’t know how to build dams or store her food before the winter. Newhouse also said she’s concerned about how Nibi would interact with wild beavers as the organization has tried to connect Nibi with other beavers without success.

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Newhouse could not immediately be reached for comment.

On Tuesday, a judge ruled that Nibi can stay at Newhouse Wildlife Rescue until a full hearing takes place.

The news came after public outcry, including a petition on change.org calling for Nibi to be protected from “unnecessary removal” that has received nearly 30,000 signatures. Even Massachusetts Gov. Maura Healey got involved, vowing that the state would “do everything we can to protect Nibi,” NBC Boston reported.

A spokesperson for MassWildlife said in a statement to TIME that the department is “committed” to protecting all wildlife, including Nibi. “Nibi will remain in place at this time while we work with Newhouse Wildlife Rescue on the best steps forward,” the spokesperson said.

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A hearing over Nibi’s case is scheduled for Friday.

Newhouse posted a video of Nibi on the organization’s Facebook page on Wednesday, updating the beaver’s devoted fans on the situation.

“So Nibi’s safe now,” Newhouse said in the video. “I want you all to know that Nibi’s doing great. She’s totally fine, living her best life.”

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Warning over tax self-assessment ‘time bomb’

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People who may not know they need to file a tax return for the first time are being warned to check their position and register for self-assessment by the deadline of October 5, or risk potential fines and penalties.

Those who may need to file a tax return for the first time include newly self-employed people, new landlords, new partners in business partnerships, those who earned more than £150,000 during the year, people affected by the high-income child benefit charge and those using online platforms to generate income.

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Advisers are particularly worried about the latter group who include gig economy workers and people with so-called “side hustles” because they will also be affected by new platform reporting rules, that sparked panic earlier this year.

Tax experts say anyone using online platforms to sell goods, arranging short-term property lets or securing private hire or food delivery work should ensure they accurately report their earnings and register for a tax return, if required.

12.1mnThe number of self-assessment tax returns filed in the 2022-23 tax year

From next year, for the first time, HM Revenue & Customs will be able to cross check individuals’ declarations against data received from online platforms.

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“It’s very important that if you are required to file for the first time that you meet the October 5 deadline to register with HMRC,” said Dawn Register, head of private client services at BDO, an accountancy firm. “Ignorance of the rules will not always be an acceptable excuse in HMRC’s eyes.”

Under regulations that came into effect on January 1, platforms such as Amazon, Airbnb, Deliveroo, eBay, Uber and Vinted are required to collect and report seller information and income to the UK tax authority. The first reports will be sent to HMRC by the platforms in January 2025.

Platforms will not be required to report the details of those using their sites or apps who make 30 or fewer sales a year and sell items for less than a total of €2,000 (approximately £1,700).

The rules which are part of an international reform agreed in 2020, came into force in a number of countries this year, and will mean data is shared internationally between tax authorities.

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Experts at the Low Income Tax Reform Group, a charity, accused HMRC of not doing enough to make online sellers aware of the fact they may need to file a tax return and pay tax on their online trading income.

They called on HMRC to avoid a repeat of what happened earlier this year when reports of the new reporting rules caused widespread confusion and the misconception that a new “side-hustle” tax had been introduced.

Claire Thackaberry, LITRG technical officer, said time was “running out for HMRC to defuse this ticking time bomb”.

“The information that HMRC will receive from platforms will be presented by calendar year, therefore covering more than one tax year,” she said.

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“This could make it more difficult to work out when tax is due. Many people will turn to HMRC for help. However, January is an extremely busy time for HMRC ahead of the self-assessment tax return deadline and this will make it harder to speak with someone.”

She urged HMRC to work with platforms and online sellers to help people understand and meet their tax obligations in time.

HMRC described LITRG’s points as “scaremongering”.

The tax authority added: “For people selling personal possessions online absolutely nothing has changed, so it’s deeply disappointing to see this scaremongering from LITRG.

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“We’ve recently published and promoted guidance for online sellers and we run an extensive self assessment campaign every year, which reminds people to check if they need to file a tax return.”

The deadline for telling HMRC you need to file a tax return for the 2023-24 is October 5. Paper returns must be filed by October 31 and the deadline for submitting an online return is midnight on January 31 2025.

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I’m the world’s most travelled man – the best place to holiday in Europe is a country Brits rarely visit

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Kutaisi is one of Europe's oldest cities so is full of history

A MAN who’s racked up over 31,000 hours in the air has revealed a lesser-known holiday destination in Europe is one of his favourite places to visit.

Fred Finn, 84 is the Guinness World Record holder for being the most travelled man – his time in the air equates to one hour for every day he’s been alive – and among the lesser-known places in the world he recommends visiting is Georgia.

Kutaisi is one of Europe's oldest cities so is full of history

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Kutaisi is one of Europe’s oldest cities so is full of historyCredit: Alamy
Batumi is a beautiful city by the sea known for its beaches and casinos

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Batumi is a beautiful city by the sea known for its beaches and casinosCredit: Alamy

Having crossed hundreds of borders and flown in some of the most iconic aircraft of all time, including 718 flights on Concorde, the travel fanatic has a fair few recommendations when it comes to places to visit.

Fred’s travelled to all corners of the globe, but Georgia is one of the places in Europe he enjoys most.

He told Sun Travel: “People don’t really know about Georgia.

“Kutaisi has tremendous history and Batumi on the coast is like the Monaco of the Black Sea.

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“The food is good, the dancing they do is fantastic. It’s got the highest mountain in Europe, it’s got villages and lakes. It’s also very hospitable there.

“And it’s the oldest wine producing country in the world, they’ve been doing it 5,000 years.”

The Saperavi grape is a native Georgian grape variety that is used to make many of the country’s most well-known wines.

Fred explained its a red grape that’s red or black the whole way through.

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Not like grapes you get in the UK that are white in the centre.

Up-and-coming holiday hotspot has £2 beers, £30 hotels & is 3 hours from UK

He said: “This is what makes the wine superlative.”

Georgia also has a local drink called Chacha, a distilled white wine drink.

Fred explained: “It’s probably about 80 percent proof, but it’s actually quite pleasant.”

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Georgia is considered a budget-friendly destination with cheap food and low-cost activities, especially compared to Monaco.

Ukraine was another one of Fred’s favourite lesser-known places to visit before the war started.

He said: “I love it because of its tremendous history and my family are also from there.

“It’s lots older than its neighbour that’s causing it a war – it’s 700 years older than Russia – so the history there is fantastic.

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“Kyiv turned 1500 years old a month or so ago, I think it’s probably the most beautiful city in Europe. I love it.

“When Ukraine wins this war, it will be another nice place to go.”

Fred has now written a book called Sonic Boom where he shares the incredible journeys he’s undertaken over the years, as well as the evolution of commercial aviation and its impact on global culture.

The book is available for pre-order now here.

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Georgia’s must-see places

Tbilisi – Georgia’s capital city is known for its diverse architecture, history, and culture, as well as its natural attractions and nightlife. Tbilisi was a hub on the Silk Road, and its history and culture reflect its diverse ethnic makeup. And its Old Town is a picturesque area on the Mtkvari River, with Georgian and Armenian churches, mosques, synagogues, and the Leaning Tower of Tbilisi.

Kutaisi – it’s one of the oldest cities in the country. The city has impressive architectural monuments, including medieval cathedrals and a futuristic parliament building. The Kutaisi botanical garden features many beautiful trees near the Riono River. And you can take a ride on one of the four new cable car lines for great views of the town.

Batumi – a popular coastal destination in Georgia, Batumi has lush landscapes and orange groves make it a haven for nature enthusiasts.The Batumi Botanical Gardens are a must-see, with a great view of the sea at the top. 

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Fred also rates Ukraine and said Kyiv is one of the most beautiful cities in Europe

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Fred also rates Ukraine and said Kyiv is one of the most beautiful cities in EuropeCredit: Alamy

Former Chief Pilot and Director of British Airways, Al Bridger has shared how food on flights has changed through the years in his book Flavour of Flight: The Food and Drink of British Airways.

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We’ve visited 500 Wetherspoons & there’s one item on the menu we ALWAYS buy… it’s great value

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We've visited 500 Wetherspoons & there's one item on the menu we ALWAYS buy… it's great value

A WETHERSPOONS-obsessed couple has visited 500 Wetherspoons and they always buy the same dish.

Phil, 77, and Julie Fox, 74, challenged themselves over 15 years ago to sample all 809 of the pubs in the UK.

Julie and her husband Phil have explored 500 different Wetherspoons across the UK

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Julie and her husband Phil have explored 500 different Wetherspoons across the UKCredit: SWNS
The couple set themselves a goal 15 years ago

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The couple set themselves a goal 15 years agoCredit: SWNS

They reached a huge milestone with their 500th boozer – The William Adams in Gorleston-on-Sea, Norfolk.

But Phil admitted it may be “impossible” for them to complete the challenge because they would have to visit the six boozers that are located in airport departure lounges.

They always get the halloumi wraps as they are their favourite.

Phil, a former newspaper production worker, said: “We nearly called it quits when we reached 500 but that wouldn’t have lasted long.

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“It’s impossible to do it though because we would have to book holidays abroad, because there’s two at Birmingham Airport.

“So it’s a bit of a trek to go to Birmingham, just to fly to Spain for Wetherspoons.

“But we wrote ‘500’ on a piece of cardboard to prove to our family that we’ve actually done it.”

Grandfather-of-seven Phil originally came up with the idea in 2007, while drinking in his local ale house and said it has been a great way to see other parts of England.

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But the pair originally set out to visit just 100 of the pubs, which are nicknamed “spoons.”

Phil, of Halifax, West Yorks., said: “We ran out of conversation and we were staring at each other, so I asked her how many spoons we had been to.

Inside swanky new £3.5MILLION Wetherspoons pub in town ‘too posh to handle it’… but locals warn punters ‘better behave’

“I worked out we had been in maybe 70, so we decided to do 100.

“We then went for 200 and it’s carried on – it’s become a part-time hobby.”

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Julie and Phil will plan trips to different parts of the UK so they can visit the pubs and will sometimes stay in a Wetherspoons Hotel.

Phil said: “We’ve stayed in the hotels, the ones we’ve stayed in are all quite nice.

“But we will often stay in a Travelodge or a Premiere Inn because of the costs, they are always cheap.

“We did London last year, so we went to eight pubs that all have the word moon in the title, so that was a nice holiday.”

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The pair, who have five children between them, say their favourite pub is The Stamford Post in Stamford, Lincs.

He said: “We used to love the one in Keswick but we’ve got a new favourite.

“It’s called the The Stamford Post – we’ve been there a few times and even visited a few days ago.

“It’s an old newspaper office but it’s really, really nice inside – they modernised it and everything.”

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Julie, a retired retail worker, and Phil both try and have something different every time they visit the boozers.

Phil prefers a IPA beer while Julie often goes for a lager such as San Miguel or Cruzcampo – but both of them love the halloumi wrap.

He said: “There is a good selection of beers, I’ve drifted towards the IPAs and they always have them.

“You go into a lot of modern pubs and they just have lagers, but Wetherspoons come at a good price as well.

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“The food is good and my wife likes a beer, but she likes San Miguel and Cruzcampo.

“They are always introducing new things onto the menu, they are introducing a load of Korean things now, like crunchy chicken with coconut rice.

“We try all the food – we love the halloumi wraps and they are a good price.”

The William Adams in Gorleston-on-Sea, Norfolk, was their 500th Wetherspoons

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The William Adams in Gorleston-on-Sea, Norfolk, was their 500th WetherspoonsCredit: SWNS
FILE PHOTO – Wetherspoons mad couple Phil Fox and his wife Julie at the Moon Under Water Wetherspoon in Boston. Photo released October 3 2024. A pair of Wetherspoons’ fans who are determined to visit every one of the boozers in the UK have had a pint at their 500th one.Dedicated Phil, 77, and Julie […]

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FILE PHOTO – Wetherspoons mad couple Phil Fox and his wife Julie at the Moon Under Water Wetherspoon in Boston. Photo released October 3 2024. A pair of Wetherspoons’ fans who are determined to visit every one of the boozers in the UK have had a pint at their 500th one.Dedicated Phil, 77, and Julie […]Credit: SWNS

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GB News asks High Court to block Ofcom sanctions

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GB News asks High Court to block Ofcom sanctions

GB News has asked a High Court judge to temporarily block Ofcom from sanctioning it for what the regulator says would be the channel’s twelfth breach of its code in less than two years.

The channel is seeking to challenge Ofcom’s provisional decision that a Q&A with then-prime minister Rishi Sunak, which aired on 12 February, was a “serious” breach of its rules, and that attempts to adhere to them were “wholly insufficient”.

In a hearing on Thursday, lawyers for the broadcaster said that the regulator had acted unlawfully by finding that the breach was “serious and repeated”, and asked a judge to pause Ofcom’s “sanctions process”, pending it getting the green light to challenge the watchdog’s decision.

Mr Justice Chamberlain will rule on whether GB News can challenge the decision, and whether Ofcom should be blocked from handing down its sanction in the meantime.

Tom Hickman KC, for the channel, said: “We say that by launching an investigation within three days, Ofcom failed to provide GB News a reasonable and fair opportunity to comply with [Ofcom’s rules].”

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He continued: “It is well arguable that there is nothing that suggests Ofcom had any due regard to the impact of commencing an investigation or fully appreciated that it was possible at all for GB News to comply with [the rules].”

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The programme at the centre of the case, titled People’s Forum: The Prime Minister, saw Sunak answer questions from a studio audience and a presenter.

Hickman said in written submissions that the presenter “made clear” that it was the channel’s intention to hold a similar interview with the Labour leader, Sir Keir Starmer, but this did not take place.

Three days after the show aired, Ofcom told GB News that it was investigating the programme over a possible breach of its rules. It then publicised the investigation on 19 February.

In a statement on its website on 20 May, Ofcom said that it believed the programme “broke broadcasting due impartiality rules” and that it was “starting the process for consideration of a statutory sanction” against GB News.

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The regulator said it received 547 complaints about the hour-long programme and that it found that the programme had not “challenged [Sunak] or otherwise referred to significant alternative views”, and that GB News should have “taken additional steps” to ensure impartiality.

Ofcom can apply a range of sanctions to broadcasters that breach its code, including fines, directions not to repeat content or to broadcast a correction, and suspending licences.

The sanction for the GB News breach has not yet been published, but Ofcom provided a “preliminary view” to the channel in June this year.

Hickman said in written submissions that Ofcom pledged last month not to publish the sanction before Thursday’s hearing and that publishing it would cause “irreparable damage” to the channel’s reputation.

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But Anya Proops KC, for Ofcom, said in written submissions that the breach was the channel’s twelfth since March last year and that it was “not arguable” that it had “erred in law” through its decision.

She continued that the bid to stop Ofcom from publishing the sanction was based on an “inevitably speculative presumption” of what the sanction would be, and that claims the channel would suffer reputational harm “do not withstand scrutiny”.

She said: “Enabling a broadcaster to pause Ofcom’s enforcement actions by challenging the underlying breach decision would have a seriously detrimental impact on Ofcom’s ability to discharge its statutory functions, and by extension on the weighty public interests served by the discharge of those functions.

“Even if publication of a sanction decision would cause some measure of harm to GB News, that harm is inevitably outweighed by the powerful countervailing public interest in ensuring the effective and timely regulation of broadcasters by Ofcom, and, relatedly, the maintenance of public confidence in such regulation.”

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Mr Justice Chamberlain said he will hand down his judgment at 12pm on Friday.

Email pged@pressgazette.co.uk to point out mistakes, provide story tips or send in a letter for publication on our “Letters Page” blog

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MPs to get free vote on UK assisted dying bill

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MPs are to be granted a free vote on legalising assisted dying in the UK by the end of the year, after a bill to give terminally ill people “choice at the end of life” is presented to parliament.

Labour MP Kim Leadbeater announced on Thursday that she will table a private members’ bill later this month setting out proposals to grant eligible adults nearing the end of life the right to control their deaths.

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UK Prime Minister Sir Keir Starmer has previously promised to provide time for a vote on the issue “by way of a private members’ bill”. As the first MP selected in a ballot to table such legislation, Leadbeater is guaranteed an opportunity to present her proposals for debate in the Commons.

Starmer, who has said he is “personally in favour of changing the law” on assisted dying, has committed to giving MPs a free vote on the issue, meaning they are not whipped by their party to vote a particular way.

In 2015, the House of Commons rejected a bill on assisted dying — which the NHS defines as “deliberately assisting a person to kill themselves” — when a bill was debated.

Assisted dying is currently illegal in England, Wales and Northern Ireland and carries a maximum prison sentence of 14 years.

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Across the UK, there is growing momentum behind attempts to change the law, with politicians in Scotland considering the introduction of legislation to allow assisted dying. Politicians on the Isle of Man and Jersey have both noted in favour of reforming the law.

Leadbeater’s bill will be formally introduced in the Commons on October 16 with a debate and vote on the legislation expected later this year.

“I believe that with the right safeguards and protections in place, people who are already dying and are mentally competent to make a decision should be given the choice of a shorter, less painful death”, the MP for Spen Valley said on Thursday.

She added that she would consult “widely” on the details of the legislation, noting the bill would “not put pressure on anybody to agree to an assisted death against their will”.

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Leadbeater said the bill would “not undermine calls for improvements to palliative care nor conflict with the rights of people with disabilities to be treated equally”, and have the respect and support they are right to campaign for.

But some disability rights campaigners and medical figures remain opposed to attempts to change the law on assisted dying, saying those who live with terminal illnesses may feel pressured to end their life for fear of becoming a burden.

Gordon Macdonald, chief executive of campaign group Care Not Killing, said: “I would strongly urge the government to focus on fixing our broken palliative care system that sees up to one in four Brits who would benefit from this type of care being unable to access it, rather than discussing again this dangerous and ideological policy.”

If the law is changed, England would join European countries including Switzerland, the Netherlands and Belgium, as well as several US states, Canada, Australia and New Zealand in giving terminally ill people the choice to control how they die.

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According to an Opinium poll published in March, on behalf of the campaign group Dignity in Dying, 75 per cent of people living in the UK support assisted dying.

Sarah Wootton, chief executive of Dignity in Dying, said: “This is a historic opportunity to bring about real change for dying people; one that commands vast public support and one that MPs must grip urgently.”

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