EU watchdog wants Apple to pay €13bn in back taxes after all February 1, 2021 EU competition enforcers are filing to overturn a verdict which they claim was a legal mistake when it abandoned an order for Apple to pay €13bn (£11.46bn) in Irish back taxes. The decision forms part of the European Commission’s clampdown on ‘aggressive’ tax planning by multinationals. The Commission said in 2016 that two Irish tax [...]
High and dry: London medical cannabis company enters administration February 1, 2021 London-based pharmaceutical company Senzer has entered administration, after failing to get enough backing to float on the Alternative Investment Market. Professional services firm Begbies Traynor has been appointed administrator of Senzer, which entered administration in early January. Senzer developed and manufactured respiratory devices for medical cannabis use. Its core product was a breath-activated inhaler that [...]
UK orders 100m doses of Valneva’s Covid-19 vaccine ahead of clinical approval February 1, 2021 French vaccine manufacturer Valneva said this morning that the government has ordered an additional 40m doses of its Covid-19 vaccine candidate, boosting vaccine orders to 100m. Lined up for 2022, the additional vaccines should provide a buffer, particularly if any of the population require revaccination. Interim chair of government’s vaccines taskforce Clive Dix said: “The [...]
Rishi Sunak set to release Covid recovery plan this month February 1, 2021 Rishi Sunak will release a plan for the UK’s post-Covid economic recovery this month alongside Boris Johnson’s roadmap of how the country will ease the current lockdown. The plan will reportedly include a medium-term strategy for how the UK will boost investment and skills as the economy starts its recovery, and will be released before [...]
Central London’s economy hit hardest by Covid as tourist spending plummets £10bn February 1, 2021 Research published by Sadiq Khan shows central London’s economy has been hit hardest by Covid-19, largely due to home working and a sharp drop in tourism. Tourism spending fell by £10.9bn in 2020 compared to the year before, with more than 26,000 jobs at risk in arts and culture alone and the night-time economy also [...]
Premier League set for its lowest January transfer window spend since 2012, barring unexpected deadline day splurge February 1, 2021 The Premier League is heading for its lowest January spend since 2012, barring an unexpected transfer deadline day flurry of activity. Heading into the final hours of the transfer window, English top-flight clubs had forked out around £78m. Unless they spend more than £40m before tonight’s 11pm deadline, it will represent their lowest outlay for [...]
Ryanair on track for record loss after €306m third quarter hit February 1, 2021 Ryanair this morning plunged to a €306m (£222.6m) loss as the Irish carrier continued to suffer “the most challenging year in its history”. The Irish carrier said that passenger numbers were down almost 80 per cent to just 8m people over the three month period. As a result, it said it was reducing its full [...]
Notification and publication of an EIA decision and regulatory decision February 1, 2021 | Sponsored EIA Consent Decision Thames Side West – River Wall Works The Marine Management Organisation (MMO) has carried out an Environmental Impact Assessment (EIA) under the Marine Works (EIA) Regulations 2007 (“the MWRs”) in relation to the Thames Side West development, London. In accordance with Regulation 22 of the Regulations, the MMO has decided to grant [...]
Nintendo profits soar as home gaming booms in 2020 February 1, 2021 Video game giant Nintendo saw its profit almost double in 2020 as the world played games at home during the pandemic. The Japanese company said its April to December profit surged to 376.6bn yen ($3.6bn) from 196bn yen in 2019. It reported more than a 10 per cent rise in its Switch games console sales [...]
Why renewable energy could gain from the green hydrogen trend February 1, 2021 | City Talk What effect will net zero have? One of the most notable features of climate policy over the last couple of years has been the rise of national and supranational “net zero” targets. Countries and regions adopting these targets include Europe, the UK, China, South Korea, Japan, Canada, South Africa and a handful of US states. [...]