‘I am proud of them’: Biden backs Apple workers unionising June 20, 2022 President Joe Biden said he was proud of Maryland workers who voted to join a union at the weekend becoming the latest in a tranche of workers in the US unionising, following the likes of Starbuck and Amazon.
Etsy accused of not paying enough UK tax, forking out £128,000 after pocketing £160m in sales June 20, 2022 Online marketplace Etsy has become the latest US retailer to be accused of not paying enough tax in the UK, having forked out just £128,000 as it pocketed £160m in sales. Etsy would have been liable to pay some £7m in corporation tax, had it booked all sales made in the UK at its [...]
Central banks face tough journey to ‘Goldilocks’ policy setting June 19, 2022 Goldilocks found the perfect bowl of porridge through trial and error. The US Federal Reserve, Bank of England and the rest of the central banking elite are following a similar rationale right now. They are grasping for that “just-right” policy setting which allows an economy to reach its full potential without knowing what that setting [...]
Apple shop workers in Maryland join union in first for tech giant June 19, 2022 Apple employees in Maryland have become the latest in a tranche of workers in the US unionising, following the likes of Starbuck and Amazon. Workers at one Apple store voted to join a union over the weekend, the first retail staff working for the tech titan to unionise in the US. After a ballot of [...]
Inside Britain’s food wars: exaggerated veggie claims risk a diet culture war June 17, 2022 Remember being told an apple a day keeps the doctor away? Not so simple, it turns out, as the government discovered with its new Food Strategy, with its plans to halve childhood obesity and make farming in the UK more resilient. The strategy follows an independent review by Henry Dimbleby, the co-founder of restaurant chain [...]
Apple to face £768m lawsuit over claims iPhone update slowed down devices June 16, 2022 Apple is set to face a £768m class action lawsuit over claims it misled iPhone users into downloading updates that slowed old iPhones down. Campaigner and consumer champion Justin Gutmann has filed a claim to the competition appeals tribunal, seeking around £768m in damages for up to 25m British iPhone owners. The lawsuit comes after [...]
Qualcomm comes out victorious in EU antitrust battle as Vestager’s Big Tech crack down starts flailing June 15, 2022 Qualcomm has come out victorious this morning after the chipmaker won its battle against a €997m (£862m) fine imposed by EU antitrust regulators four years ago, raising eyebrows for the bloc's attack on Big Tech dominance.
Watch out Apple: London’s smartphone maker Nothing reveals fresh model following £166m Alphabet funding June 15, 2022 London tech start-up Nothing unveiled the design of its debut smartphone this morning after securing more than $200m (£166m) in funding from the likes of Alphabet’s venture capital arm EQT Ventures.
Trading standards seize thousands of counterfeit chocolate bars from Oxford St candy shops June 15, 2022 More than £100,000 worth of counterfeit or illegal chocolate bars and vapes were seized from US candy shops on Oxford Street yesterday. Trading standards seized a huge haul of dodgy goods yesterday, including 2246 counterfeit Wonka Bars, with a raid worth £22,000 from one shop alone. Council officials are endeavouring to crack down on the [...]
Apple makes biggest sports rights bet so far on 10-year, £2bn Major League Soccer deal June 15, 2022 Apple has agreed to pay $2.5bn (£2.1bn) for the global streaming rights to Major League Soccer for the next 10 years. The deal with the top division of men’s football in the US and Canada represents the tech giant’s biggest investment in sports rights so far. Apple, which bought a package of Major League Baseball [...]