Here’s what Apple has to say about that €13bn tax ruling August 30, 2016 Apple has responded to the conclusion of a European probe into its tax arrangements that has resulted in a tax bill for the tech company of up to €13bn… and it isn't mincing its words. "The European Commission has launched an effort to rewrite Apple’s history in Europe, ignore Ireland’s tax laws and upend the international tax system [...]
Starwood’s W Hotels announce deal to operate Edinburgh hotel August 30, 2016 | City Talk Starwood Hotels & Resorts is to bring its iconic W Hotels brand to Edinburgh, as the centrepiece of the flagship £850m Edinburgh St James development. W Hotels is a contemporary, design-led lifestyle brand and an industry innovator with 49 hotels and retreats in the most vibrant cities and exotic destinations around the world and it is coming [...]
Mortgage approvals fell to 18-month low in the first full month since the Brexit vote August 30, 2016 Mortgage approvals hit an 18-month low last month, according to figures from the Bank of England. In the first full month after the Brexit vote, approvals fell to 60,912 – down from 64,152 approvals in June. The number of approvals has been falling since March, when the stamp duty hike on second homes came into effect. There [...]
Eurozone economic sentiment fell to a five-month low in August after June’s Brexit vote August 30, 2016 Economic sentiment among the 19 members of the Eurozone fell during August to its lowest level since March, according to new EU data. The European Commission's Eurozone Economic Sentiment Indicator (ESI) fell to 103.5 over the past month, from 104.5 in July – well below the 104.1 forecast by a Reuters poll of economists. Confidence was [...]
Ireland “profoundly disagrees” with the EU’s Apple ruling August 30, 2016 Ireland's finance minister has said he "disagrees profoundly" with the verdict handed down from the EU in its Apple tax probe. Brussels has told Ireland to recover up to €13bn (£1.1bn) in back taxes from the tech giant for breaching rules on state aid. Michael Noonan said the country maintains that all tax due has [...]
Apple handed €13bn tax bill over “sweetheart” Irish deal by EU August 30, 2016 Brussels is forcing Apple to pay back billions of euros in taxes after the competition watchdog ruled the tech giant broke antitrust laws by agreeing a so-called sweetheart tax deal in Ireland. Apple has been handed a tax bill of up to €13bn (£11.1bn) by the European Competition Commission following a two year investigation into its arrangements in Ireland led by [...]
Iconic Art Deco cinema in east London to be knocked down and turned into a Lidl August 30, 2016 One of the few Art Deco cinemas remaining in London is set to be knocked down and replaced by a Lidl. The Towers Cinema on Hornchurch High Street, which is 80 years old, will be bulldozed despite local residents opposing the plans. Hundreds of residents signed a petition calling for councillors in Havering to protect the [...]
Four ways working will change over the next 20 years August 30, 2016 Robots, the generation gap and increased employee demands are just some of the factors expected to change the workforce over the next 20 years, according to new research. The Future of the Workforce, a report commissioned by UBS Wealth Management, sets out the four main ways in which the workforce is "set to significantly change [...]
A Google executive has quit Uber’s board August 30, 2016 An executive with Google has left the board of billion-dollar startup Uber as both companies pursue the development of driverless car technologies. David Drummond, the vice president of corporate development at Google's parent company Alphabet left the Uber board in the last few weeks, the Wall Street Journal reports, due to a growing conflict of interest. [...]