Money
George Floyd’s family suing Kanye West for $250m
George Floyd’s family is suing Kanye West for $250, following false claims during a podcast
George Floyd’s family is suing Kanye West in a $250 million lawsuit against the American rapper who goes by the name ‘Ye’.
The lawsuit has been filed on behalf of Floyd’s minor daughter Gianna, following false claims West made about Floyd’s cause of death.
Roxie Washington, Gianna’s mother, is leading the lawsuit and is reportedly “very distressed and hurt by the allegations.”
“Mr. Floyd’s cause of death is well-settled through evidence presented in courts of law during the criminal and civil trials that were the result of his untimely and horrific death. Nevertheless, you have maliciously made statements that are inaccurate and unfounded, causing damage to Mr. Floyd’s estate and his family.”
letter on behalf of floyd’s family
Credit: The New York Post
The family is suing the rapper, his business partners and associates for “harassment, misappropriation, defamation and infliction of emotional distress.”
West made the controversial claims during a podcast episode on ‘Drink Champs’ where he spoke about Floyd’s cause of death.
He was referring to a documentary titled “The Greatest Lie Ever Sold: George Floyd and the Rise of BLM” by conservative commentator Candace Owens.
West claimed Floyd did not die by force to the neck, but instead from the drug Fentanyl.
“When you look, the guy’s knee wasn’t even on his neck like that.”
Kanye west, ye, american rapper via ‘drink champs’ podcast
However, it has been confirmed by legal proceeding that Former Police officer Derek Chauvin did kneel on Floyd’s neck. This ultimately lead to his death by lack of oxygen to the brain.
Money
France receives lowest credit rating due to crisis
France’s credit rating downgraded to record low amid political and fiscal crisis, raising concerns over debt and stability
France’s credit rating downgraded to record low amid political and fiscal crisis, raising concerns over debt and stability
– Fitch Ratings downgraded France’s credit rating to A+, citing political instability and fiscal challenges.
– New Prime Minister Lecornu must secure budget approval amidst rising deficit and potential no-confidence vote.
Fitch highlighted political instability as a key factor undermining fiscal reforms, with France’s debt now at €3.3 trillion, or 113.9% of GDP.
The budget deficit increased to 5.8% of GDP and is expected to rise, posing challenges ahead.
Political Instability
The new prime minister faces a divided parliament and must secure budget approval by October 7.
The far-left plans a no-confidence vote against Lecornu, complicating further cooperation on legislative reforms, with S&P Global hinting at a potential downgrade.
Money
ANZ job cuts spark banking clash
ANZ plans to cut 3,500 jobs, sparking debate on the future of Australia’s banking sector and employment dynamics.
ANZ plans to cut 3,500 jobs, sparking debate on the future of Australia’s banking sector and employment dynamics.
ANZ has announced plans to cut 3,500 staff and 1,000 contractors over the next year, triggering a fierce debate between business leaders, unions, and government about the future of Australia’s banking sector.
The decision raises wider questions about the resilience of the business community and the role of politics, productivity, and technology in shaping employment.
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