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Public funding for King Charles III and royals has been recalculated due to windfarm deal profits

The U.K. Treasury says the amount of public funding for King Charles III and the royal family’s official duties has been recalculated for next year because of an unexpected profit boost from offshore wind farms on the monarch’s Crown Estate LONDON -- The amount of public funding for King Charles III and the royal family's official duties has been recalculated for next year because of an unexpected profit boost from offshore wind farms on the monarch's Crown Estate, the U.K. Treasury said Thursday. Treasury officials say they will halve the proportion of the crown estate’s profit s paid to the royal s from 25% in recent years to 12% next year. Charles and the royal family receive an annual Sovereign Grant from the Treasury that is based on a proportion of profits from the crown estate, a vast collection of land and property across the U.K. The crown estate is run independently and has assets worth around 16 billion pounds (nearly $20 billion), including some of London’s most ex...

Here's how Jordan's royal wedding will reverberate across the region and beyond

Jordan is set to host its biggest royal wedding in years as the country’s young Crown Prince Hussein exchanges vows with a daughter of one of Saudi Arabia’s wealthiest and most influential families The Middle Eastern country of Jordan is set to host its biggest royal wedding in years on Thursday as the country’s young Crown Prince Hussein exchanges vows with Rajwa Alseif, daughter of one of Saudi Arabia’s wealthiest and most influential families. With a VIP list that includes First Lady Jill Biden, White House climate envoy John Kerry and members of several European and Asian royal families, the wedding is sure to provide plenty of fodder for tabloids and gossip columns. But the ceremony will reverberate across the region in other ways as well. It is a test of sorts for Jordan’s ruling family, which has gone through a rough patch in recent years due to economic troubles and some public infighting. It deepens the ties between two countries in a turbulent region. And perhaps most importa...