Author: BBC

South Korean tycoon Chey Tae-won has been ordered to pay his ex-wife 1.38 trillion won ($1bn; £788m) in cash – the country’s largest ever divorce settlement. It comes nearly a decade after Mr Chey’s marriage fell apart following the revelation he had fathered a child with his lover. The Seoul High Court on Thursday ruled that Roh So-young – whom he was married to for 35 years – was entitled to a portion of his company shares.Lawyers for Mr Chey – chairman of the powerful SK Group conglomerate – said he would appeal, claiming the court had taken “Roh’s one-sided…

25 minutes agoKatie Hunter,BBC Scotland NewsBBCRavinder Naga fears his conviction may not be overturned as part of the new Scottish legislationA man who says he falsely confessed to stealing money from his mother’s Post Office to protect her from going to prison is waiting to find out whether his conviction will be quashed.Ravinder Naga pleaded guilty to stealing £35,000 after auditors discovered a shortfall at Belville Street Post Office in Greenock.Hundreds of people across the UK were convicted on the basis of evidence from a faulty Post Office IT system called Horizon.Legislation exonerating all affected sub-postmasters in Scotland was passed…

16 minutes agoMark Savage,Music correspondentGetty ImagesCMAT was nominated for album of the year at last week’s Ivor Novello AwardsPop singer CMAT says she is pulling out of the Latitude Festival in Suffolk, in protest at the event being sponsored by Barclays Bank.It follows a similar action at Brighton’s Great Escape Festival in May, where more than 100 artists pulled out over Barclays’ involvement.Campaigners have accused the bank of increasing its investment in arms companies that trade with Israel, amid the ongoing war in Palestine.”I will not allow my precious work, my music, which I love so much, to get into…

The body of a Kenyan climber who died on Mt Everest last week will remain on the mountain where he died, his family has said. Joshua Cheruiyot Kirui died while on a daring mission to reach the summit of Mt Everest without supplementary oxygen.The 40-year-old mountaineer fell into a crevasse just about 48 metres (160 ft) below the 8,849-metre peak, along with his Nepali guide.Kirui’s family said retrieving his body from such a high altitude would be too risky for the rescue team. Climbing Everest, the world’s highest peak, is considered extremely difficult and risky, even for experienced climbers.Kirui was…

The next two biggest earners are VAT, which is paid on many purchases, and National Insurance (NI), which is another tax levied on people’s earnings.The OBR has forecast that VAT will raise £203 billion in 2024/25.However, the government said it expected to raise, external £2.2bn less from NI this year – about £168bn – after the rate of National Insurance was cut from 12% to 10% in January. The tax categories described as “other” – including capital gains tax, stamp duty and vehicle excise duty – are expected to raise £115 billion in this tax year, according to the OBR.The…

The BBC’s News at One is to start broadcasting from a new home in the north west of England. The broadcaster’s flagship lunchtime programme will be live from MediaCity in Salford from Monday.It makes it the first daily network TV news bulletin outside of London. A new studio has been created for the move, which is part of the BBC’s aim to move power and decision-making across the UK to better “reflect, represent and serve” audiences.The News at One has also been an extended to one hour, and will work with Salford-based BBC Breakfast to focus on more human interest…

Trump trial live: Jury begins second day of deliberations in New York – BBC News BreakingBreaking newsClose breaking news SummaryJurors in Donald Trump’s historic criminal trial will continue their deliberations today – the 12 New Yorkers must reach a unanimous verdictYesterday, after deliberating for about four hours, the jury asked to see several pieces of evidence and hear the judge’s instructions againThe court has heard from 22 witnesses over six weeks, including Stormy Daniels, whose alleged sexual encounter with Trump is at the centre of this caseTrump is accused of concealing a payment made to buy the former adult-film star’s…

6 minutes agoMitchell Labiak,Business reporter, BBC NewsGetty ImagesBoth Labour and the Conservatives will keep income tax thresholds frozen until 2028 if they win the general election, meaning taxes will rise for many.Both parties intend to stick with the threshold freezes – amounting to an effective tax rise because of pay inflation – introduced in response to Covid, for the next three years.Mr Hunt has said the freeze will end after that. Labour has said it will stick to Tory plans.The Institute for Fiscal Studies has warned this would bring 4.5 million more people into higher income tax thresholds by 2028.It…

24 minutes agoMark Savage,Music CorrespondentGetty ImagesFreddie Mercury, who died in 1991, was Queen’s dynamic and charismatic frontmanSony Music is reportedly in talks to buy the music catalogue of the rock band Queen, including hits like Bohemian Rhapsody, Radio Ga Ga and Another One Bites The Dust.According to Bloomberg, Sony is working with another investor on the transaction, which “could potentially total $1 billion” (£790 million).The BBC understands that negotiations are still under way and may not result in a sale. If it goes ahead, the deal would cover Queen’s songs and all related intellectual property – including the rights to…

Kostiantyn Liberov/Libkos/Getty ImagesUkraine’s north-eastern region of Kharkiv is struggling to repel a Russian offensivePressure is growing on US President Joe Biden to allow Ukraine to use West-supplied weapons to strike Russian territory. A number of US allies this week signalled they were open to this possibility. Russia’s Vladimir Putin has warned of “serious consequences”, especially for what he called “small countries” in Europe.On Wednesday, US Secretary of State Antony Blinken said Washington’s stance on the matter would “adapt and adjust” based on changing battlefield conditions. He is currently in the Czech capital, Prague, for a meeting of Nato foreign ministers.White…