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Amazon’s UK tax bill up on previous year as revenues widen
Amazon has revealed it paid £932 million in direct taxes in the UK last year, some £150 million more than the prior year. The online marketplace, which is one of the country’s biggest employers, earned about £27 billion in total UK revenues in 2023, up from £23 billion in 2022.Continue Reading
FTSE 100 gains amid fresh China stimulus hopes
The FTSE 100 closed slightly higher on Thursday following reports that China would soon announce another economic stimulus package after already announcing one earlier this week, pushing up European stocks. London’s blue-chip index rose 16.21 points, or 0.20%, to end the day at 8284.91, with most of its early gainsContinue Reading
Diddy ‘very eager’ to testify at criminal trial, lawyer says
Sean “Diddy” Combs is said to be “very eager” to testify at his upcoming criminal trial, according to his lawyer. “I don’t know that I could keep him off the stand,” the music mogul’s attorney Marc Agnifilo said in a teaser of TMZ’s new The Downfall of Diddy: The IndictmentContinue Reading
Starmer’s top minister for social media has not spoken to snubbed Elon Musk
The minister in charge of social media and digital technology has not communicated directly with X (formerly Twitter) owner Elon Musk, after the platform was linked to the summer riots. Sources close to Peter Kyle, the secretary of state for science innovation and technology, have said that the two menContinue Reading
Southern Water draws up plans to ship supplies from Norwegian Fjords
Southern Water is drawing up contingency plans to ship water from Norway to mitigate the risk of supply shortages and droughts. The UK utility’s plan aims to import up to 45 million litres of water a day into the areas it covers – Hampshire, Kent, East and West Sussex andContinue Reading
Snooker star pots ‘winning’ black but still loses frame at British Open
Ukrainian snooker star Anton Kazakov suffered a cruel mishap when potting his cue ball after sinking a ‘match-levelling’ black at the British Open. Kazakov, 19, currently an amateur after losing his status on tour, faced a tough task in Cheltenham with fellow teenager Liam Davies. An underdog for the tie,Continue Reading
Octopus says it will invest £2bn in UK clean power projects by 2030
Octopus Energy has said it aims to invest £2 billion in UK clean energy projects between now and 2030. The company said it has just kicked off the investment drive by buying four solar farms which are being built in Bristol, Essex, Yorkshire and Wiltshire this year and next. WhenContinue Reading
Elon Musk ‘not invited’ to International Investment Summit hosted by UK
Elon Musk has not been invited to the International Investment Summit the UK Government is hosting in October because of his social media posts during last month’s riots. After three children were killed in a stabbing attack in Southport and violence erupted across the UK, X owner Mr Musk postedContinue Reading
Prisoners could cut jail time by earning points in Texas-style reforms to ease overcrowding crisis
Ministers are looking at plans for Texas-style reforms that would allow prisoners to reduce their jail sentences by earning points. Inmates in Texas can cut down the amount of time spent behind bars by earning credit for good behaviour, as well as earning points for taking part in courses aimedContinue Reading
Hundreds of cancer-causing chemicals are found in food packaging, new study shows
Researchers have identified nearly 200 chemicals used to make food packaging that could possibly increase the risk of breast cancer. Found in plastics and paper, some of the potential mammary carcinogens include polysterene and polyamide, which are used in styrofoam to-go containers from restaurants and black plastic spatulas. “If there’sContinue Reading