Mark Zuckerberg ‘accepts’ Facebook may have to pay more tax in Europe February 14, 2020 Facebook boss Mark Zuckerberg says he recognises that tech giants may to have pay more tax in Europe in future. The social media giant’s founder said he understood the “frustration” surrounding the issue and backed plans from think tank, Organisation for Economic Co-operation and Development, to find a global solution. Facebook and other tech giants [...]
New-look cabinet to meet later after Sajid Javid’s shock exit February 14, 2020 Boris Johnson’s newly reshuffled cabinet will meet for the first time later today after the shock departure of chancellor Sajid Javid. His deputy, Rishi Sunak, is the new Treasury boss after Javid refused to sack his special advisers in order to keep his job. He said “no self-respecting minister” could agree to Prime Minister Boris [...]
After New Hampshire, the search is on for someone – anyone – who can take on Trump for the Democrats February 13, 2020 It was Harold Wilson, the Labour Party’s mid-twentieth century great hope and conjurer of election victories, who first coined the phrase “a week is a long time in politics”. How America’s Democrats could use a politician of his skills and standing as they examine their last week. It wasn’t supposed to be like this. At [...]
Theresa May earns further £112,800 after quitting as PM February 12, 2020 Theresa May has earned another £112,800 in speaking fees and hospitality gifts since quitting as prime minister, on top of more than £380,000 previously declared. The MP for Maidenhead received £96,000 for giving a speech at an event hosted by PwC at the World Economic Forum in Davos, according to the latest House of Commons [...]
How can Elon Musk keep Tesla on the straight and narrow? February 11, 2020 After a rough start to the year, Tesla ended 2019 by delivering on a promise to Wall Street. The pledge made in the summer of 2019 by Tesla chief executive Elon Musk was to return to profit after months of losses, a string of negative headlines — including his forced resignation as chairman in 2018 [...]
Boris Johnson to announce £5bn bus service improvement plan February 10, 2020 Boris Johnson is tomorrow expected to announce £5bn of funding to improve local bus services across the country. The Prime Minister will outline a plan to transform the bus network and cycle links with simpler fares, new vehicles, improved routes and higher frequencies. The five-year funding package will increase the number of services – particularly [...]
Amazon seeks to depose Trump in $10bn Pentagon contract battle February 10, 2020 Amazon is seeking to depose Donald Trump and US defence secretary Mark Esper in a legal battle over whether the president was trying to ‘“screw Amazon” in handing a Pentagon cloud computing contract to Microsoft. Amazon Web Services said Trump influenced the decision to give the $10bn (£7.74bn) Joint Enterprise Defence Infrastructure Cloud contract, which [...]
No, Jeremy Corbyn: Labour leader ‘weak, unpatriotic and too left-wing’, damning election report finds February 10, 2020 Labour’s “impossible” policies, a leader who was “stuck in the past” and a sense that the party is for “middle-class radicals” are among the reasons for the party’s electoral annihilation, according to a damning new report. Jeremy Corbyn was the single biggest factor in causing voters to defect, resulting in Boris Johnson gaining an 80-seat [...]
Architecture firm denies reports that Bill Gates has bought £500m hydrogen yacht February 10, 2020 A Dutch architecture firm has denied reports that Microsoft founder Bill Gates has bought the world’s first hydrogen-powered superyacht after reports that he had went viral. The claim that the billionaire businessman had bought the yacht for an estimated £500m from Sinot Yacht Architecture & Design was published by several national newspapers. However the designer [...]
Fresh blow for Woodford investors as biotech sell-off fails February 9, 2020 Investors in the failed flagship fund of Neil Woodford are facing a further blow after a £550m deal to rescue a portfolio of his stakes in biotech startups collapsed, raising concerns the holdings will be offloaded in a fire sale. WG Partners, a boutique investment bank specialising in life sciences, had been trying to assemble [...]