Tax How Coca-Cola’s earnings are able to hide a tax dispute worth $16bn Simon Rowe Aug 7, 2024 Coca-Cola's dispute with US tax authorities, which has lasted for a decade, could now amount to $16bn, or enough to…
Financial H2O Asset Management will pay €250mn to investors after FCA finds “serious… Simon Rowe Aug 7, 2024 H2O Asset Management agreed to pay €250mn in compensation to investors, after the UK Financial Conduct Authority…
Companies Musk’s X Sues Unilever Mars and CVS for a’massive boycott of… Simon Rowe Aug 7, 2024 Elon Musk’s social media platform X, sued a global ad alliance on Tuesday, along with several major companies…
Markets Airbnb shares fall 12% after company flags a weakening US market Simon Rowe Aug 7, 2024 Vacation rental company Airbnb reported on Tuesday a second-quarter profit that was lower than Wall Street…
NHS NHS IT firm fined £6m over hacking of medical records Simon Rowe Aug 7, 2024 The data protection regulator announced that a software provider could be fined over £6m for a 2022 attack on…
Business Royal Mint opens a factory in South Wales to recover gold from electronic waste Simon Rowe Aug 7, 2024 The Royal Mint unveiled an "innovative" factory which will recover gold from electronic scrap, allowing the…
Airline CrowdStrike retaliates against Delta Air Lines for ‘threats to… Simon Rowe Aug 6, 2024 CrowdStrike has reacted to Delta Air Lines' threats of legal action against the cyber-security company for a…
Financial Retail brokers affected by outages in US stock market sell-off Simon Rowe Aug 6, 2024 Charles Schwab and Vanguard, as well as Fidelity, experienced outages in their trading platforms Monday, preventing…
Google Google Loses US Antitrust Case Over Search Dominance Simon Rowe Aug 6, 2024 The US Department of Justice has won a major victory in its fight against Big Tech. A US federal court ruled that…
Global economy Economists warn that market panic could drag down global growth. Simon Rowe Aug 6, 2024 Economists warn that investors are exaggerating risks of a global economic meltdown. If central banks do not…
Airline We just need to build it: Concorde’s replacement is looking at supersonic… Simon Rowe Aug 6, 2024 Boom Supersonic's founder explains why air travel will be at 1,300mph in the future. The founder of a company…
Companies After pressure from Beijing, over 30 Chinese companies have ditched PwC Simon Rowe Aug 6, 2024 PwC lost dozens big clients in China, as Beijing officials pressed state-owned companies to cut ties with the…
AI Elon Musk Sues OpenAI For ‘Shakespearean Perfidy And Deceit’ Simon Rowe Aug 6, 2024 Elon Musk filed a new lawsuit against OpenAI, the maker of ChatGPT and its CEO Sam Altman. He accused the company…
Food and drink industry Can McDonald’s prevent Greggs from eating their lunch? Simon Rowe Aug 6, 2024 Commentators and institutional investors wondered if the first global sales drop since the pandemic was the result…
Global economy What is the impact of Japan’s turbulence on global markets? Simon Rowe Aug 6, 2024 Just two months earlier, the outlook for Japanese stocks had never been brighter. June Aitken stated that there was…
Global economy Warren Buffett’s empire of stocks loses $15bn due to global market crash Simon Rowe Aug 6, 2024 Warren Buffett’s stock-holding empire has suffered a loss of at least $15bn in the midst of a global market…
Companies Mohsin issa injects £30m to stop Asda’s sales slump Simon Rowe Aug 5, 2024 Asda's chief Mohsin Issa announced an emergency cash injection of £30m amid an alarming drop in sales at the…
Automotive Alpine floods hit Mercedes and Jaguar Production Simon Rowe Aug 5, 2024 Jaguar Land Rover is one of a number of luxury carmakers that have been severely affected by the flooding in…