Police arrest man over alleged MP abuse incidents outside parliament January 12, 2019 A man in his 30s has been arrested on suspicion of public order offences after an MP was subjected to alleged verbal abuse outside parliament last week. The Metropolitan Police said the man was detained outside St James’s Park tube station in central London shortly before midday in connection with incidents in Westminster on Monday. [...]
Watchdog to launch in-depth probe into Paypal’s iZettle takeover December 5, 2018 The UK’s competition watchdog plans to launch an in-depth investigation into PayPal’s takeover of iZettle amid fears it could drive up prices for customers. The Competition and Markets Authority (CMA) said it is concerned the deal could negatively impact future competition for mobile payment services, which it said could result in higher prices or lower quality service [...]
Consumers could face higher prices after Paypal’s $2.2bn iZettle merger, watchdog warns November 26, 2018 Paypal’s $2.2bn (£1.7bn) takeover of mobile payment company iZettle could drive up prices for customers, the UK competition watchdog has said. The merger between the technology giant and the Swedish startup could also result in a lower quality of service, found the Competition and Markets Authority (CMA), which published its decision today. If Paypal hadn't launched a [...]
The hyperloop train is leaving the station – and the UK must be on it November 7, 2018 Britain can reasonably claim to have invented the railway. Stephenson’s Rocket represented the pinnacle of British industrial-era innovation. The ability to move products and people by steam locomotion had a transformative effect on society. British ingenuity saw railways knit communities together across the country, and eventually the globe. And for the next couple of centuries, [...]
HMRC to sue General Electric for £770m over tax relief claims November 4, 2018 American industrials giant General Electric is being sued by HM Revenue & Customs over allegations it wrongly claimed tax relief amounting to $1bn (£770m). HMRC has accused GE of wrongly claiming tax deductions from 2004 to 2015. The tax man has informed GE that it intends to disallow interest deductions to its financial services arm, GE Capital. Interest deductions reduce the [...]
Paypal hit by additional UK tax bill after HMRC enquiry October 8, 2018 Paypal has paid out an additional €3.1m (£2.7m) in UK tax, after financial accounts showed the results of a review by HM Revenue & Customs (HMRC). The addition resulted in the US payments giant forking out a total of €4.7m in tax in 2017, up from €181,749 the year before. Paypal said in the filing HMRC had been "reviewing [...]
Regulator calls in Paypal’s $2.2bn iZettle merger on day it completes September 20, 2018 The UK's competition regulator has called in Paypal's $2.2bn (£1.7bn) acquisition of Swedish payments firm iZettle on the day it completes. The Competition and Markets Authority (CMA) will investigate whether the merger would lessen competition between payment platforms in the UK, with the firms remaining separate until the CMA concludes its probe. Nevertheless, Paypal said the [...]
Ebay 20th anniversary: Online auction giant celebrates 20 years of buying and selling September 4, 2015 Auction site eBay yesterday marked its 20th birthday – and it has come a long way since computer programmer Pierre Omidyar began the business, listing a broken laser pointer pen as his first item for sale. Amazingly, as he found a buyer, Omidyar knew he was on to a winner. The US-based company [...]
Paypal’s new peer-to-peer payment service Paypal.me makes it even easier to send people money with just a link September 1, 2015 With just a tap of your phone – or even your watch – it’s never been easier to pay people back. Now Paypal wants to make it even easier, with a personalised URL. This could be a good thing in the age of an ever-growing “sharing economy”. Asking friends for money back after footing a [...]
PayPal valued at just under $50bn as it soars past EBay on Nasdaq July 21, 2015 After its first day back as an independent company, PayPal is valued just under $50bn (£34bn). Read more: EBay revenue jumps 7pc as PayPal spinoff draws near The online payments company's share price closed up 5.43 per cent on its first day of trading after splitting from parent eBay, after initially soaring 11 per cent in [...]