The new rental apartments bringing ‘New York loft living’ to North London September 20, 2019 A new building of rental apartments has just launched, with the somewhat bold aim of bringing ‘New York warehouse-style living’ to Wembley. Ferrum, which is located close to Wembley Stadium, comprises 741 studio, one, two and three-bed homes which can be rented directly from the developer, Tipi. On entering the building, it’s clear that the [...]
Thomas Cook share price crashes as lenders demand extra £200m to seal rescue deal September 20, 2019 Thomas Cook’s share price plunged more than 15 per cent in early morning trading after it confirmed lenders are demanding an extra £200m as part of efforts to rescue the world’s oldest holiday company. The embattled travel operator said today that investors want £200m to finalise a restructuring strategy, coming on top of a further [...]
New Zealand and South Africa will be the main contenders at an evenly poised Rugby World Cup – and this weekend’s match could be crucial September 19, 2019 This is one of the most evenly poised Rugby World Cups in a long time. Previously, New Zealand have been outright favourites, but the once-dominant force have looked fallible during the last 12 months. England, Wales and Ireland have all run the All Blacks close or beaten them, while they also lost to Australia and [...]
Apple accuses EU of misunderstanding its business in €13bn court case September 18, 2019 Apple has accused the European Commission of misunderstanding its business as the tech giant’s appeal against a €13bn tax order entered its second day. The Commission had accused Apple of having dodged taxes and received illegal state aid from Ireland, ordering the company to pay a €13bn Irish tax bill in 2016. Read more: Apple [...]
Do Not Pay founder launches anti-subscription app in the UK September 17, 2019 An app that automatically cancels subscriptions when the free trial period comes to an end has launched in the UK, with thousands of Brits signing up each day. Free Trial Surfing is not linked to customers’ bank accounts or credit cards but uses Visa cards in partnership with a major bank to stop people getting [...]
Apple tells EU court €13bn Irish tax bill ‘defies reality and common sense’ September 17, 2019 An order by the European Commission for Apple to pay a €13bn (£11.5bn) Irish tax bill “defies reality and common sense”, the tech giant said today as it launched a challenge against the ruling. Apple accused the Commission of using its powers to fight state aid to “retrofit changes to national law” at a hearing [...]
Sky and Channel 4 sign advertising deal as streaming threat looms large September 17, 2019 Channel 4 has signed a deal to use Sky’s advertising technology as the broadcasters strengthen ties amid growing competition from streaming rivals. The two companies today announced a multi-year deal that will see Channel 4 use Sky’s Adsmart platform to deliver targeted ads on its linear channels. Read more: Ofcom clears Channel 4 News over [...]
Phonebooth startup Room launches in UK as it dials in to coworking boom September 17, 2019 Room, the US startup specialising in phonebooths for open plan offices, launched in the UK today as it looks to cash in on the rising popularity of coworking spaces. The New-York based firm, which counts Google, Uber, Amazon and Apple among its clients, is also rolling out in six other European countries amid growing demand [...]
Apple prepares to launch EU legal challenge over €13bn Irish tax bill September 16, 2019 Apple is set to launch a legal challenge tomorrow over an order by the European Commission to pay €13bn (£11.5bn) in Irish back taxes, as the EU seeks to crack down on tax avoidance by multinational companies. What’s the case about? The tech giant was accused of having dodged taxes and received €13bn illegal state [...]
Peering through the Brexit haze: What we know so far September 16, 2019 One of my favourite intellectual exercises that we use in my political risk firm is what we call “seeing through the fog”. When a long-standing geopolitical topic seems to resemble nothing so much as King Minos’ labyrinth, senior staff and I repair to a good wine bar and spend an afternoon not talking about all [...]