Facebook’s value tops $1 trillion after judge throws out US lawsuits June 29, 2021 Facebook last night joined an exclusive club of companies worth more than $1 trillion after a US judge dismissed two antitrust lawsuits brought against the social media company. A federal judge ruled that the legal challenges, which were brought by the Federal Trade Commission (FTC) and a coalition of states, were “legally insufficient” and did [...]
800,000 London jobs could be done elsewhere post-Covid June 29, 2021 Around two out of five people living and working in inner London could continue their roles remotely after the pandemic, according to new research. London risks losing more than 835,000 jobs as the pandemic sparks a permanent shift to more flexible working patterns, and city dwellers are able to move out of the capital to [...]
DEBATE: Should the UK have off-shore processing for refugees? June 29, 2021 Priti Patel is planning on introducing controversial plans to process refugees abroad in an attempt to stop the surge of migrants making the dangerous crossing over the channel. This year, more than 5,600 migrants have made the journey. Ms Patel is reported to be considering destinations as far-flung as Rwanda for off-shore processing. Is it [...]
Naysayers of Britain’s future trade relationship in Asia-Pacific are determined to live in the past June 29, 2021 Hot on the heels of the UK-Australia free trade agreement, the UK has launched negotiations to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). Critics, quick to deride the move by pointing out it won’t make up the shortfall from Brexit, completely miss the point. The UK must look forward to the future, [...]
ICAS launches step by step guide to starting and financing a new business June 29, 2021 The ICAS business start-up guide is a visual and user-friendly publication designed to help aspiring business people on the way to setting up and running a successful company. The guide has been prepared by ICAS Members with a breadth of entrepreneurial and business experience, including investors, entrepreneurs and directors. It aims to help those committed to starting [...]
Stamp duty holiday pushes 1.8 million houses into higher land tax bracket in Treasury win June 29, 2021 Intense market activity driven largely by the stamp duty holiday has pushed nearly two million UK properties into a higher stamp duty bracket in a win for the Treasury. Thanks to feverish market activity in the last 12 months, of all UK homes, 940,000 additional properties will now attract some level of stamp duty at [...]
Coinbase gets green light from German regulators June 28, 2021 Cryptocurrency exchange platform Coinbase has announced that its German entity - Coinbase Germany GmbH - has today been granted a licence for crypto trading.
US-UK travel corridor talks hit roadblocks over surge in cases – report June 28, 2021 The chance of the UK and US opening an air “travel corridor” by the end of the summer is growing increasingly unlikely due to the rise in Covid-19 cases in Britain. Citing officials involved in the talks, the FT reported that negotiations between the two nations, which had started last week, were now likely to [...]
E-cigarette maker Juul to pay $40m over teen targeting claims June 28, 2021 E-cigarette maker Juul has agreed to pay $40m to North Carolina to settle a lawsuit by the state accusing it of marketing its products to young people. The settlement, announced on Monday by North Carolina Attorney General Josh Stein, is the first reached by the company with a state government. The deal also includes restrictions on sales [...]
Health secretary Javid says ‘no reason’ for restrictions to go beyond 19 July June 28, 2021 New health secretary Sajid Javid said he saw “no reason to go beyond July 19” with Covid restrictions, in a nod to a full reopening of society in three weeks. In his first statement as health secretary, Javid confirmed Step 4 of England’s roadmap out of lockdown would not be brought forward, but that he [...]
