The US accuses the online behemoth of monopoly.

Creative Media NewsThursday, 28 September 2023, 2:000

The US government has filed a lawsuit against Amazon, alleging that the internet giant unlawfully maintains a monopoly. According to the Federal Trade Commission (FTC), Amazon engages in “a set of interlocking anticompetitive and unfair strategies” to increase prices and stifle competition. Amazon has stated that the lawsuit is “incorrect based on the facts and...

Facebook owner Meta cancels London office lease for £149m.

Creative Media NewsWednesday, 27 September 2023, 22:000

The space’s owner, British Land, dismisses Meta’s decision, stating that it presents an opportunity to accelerate the site’s transformation. Meta has “surrendered” the lease for one of its London offices as tech companies continue their cost-cutting initiatives. The parent firm of Facebook and Instagram let the space at 1 Triton Square from British Land, the...

Jeffrey Epstein: JPMorgan settles with victims and Jes Staley

Creative Media NewsWednesday, 27 September 2023, 18:000

As the repercussions of Jeffrey Epstein’s actions continue to reverberate on both sides of the Atlantic, the agreements eliminate the possibility of lawsuits proceeding to court. The largest bank in the United States has resolved all of its litigation related to the Jeffrey Epstein scandal, including its case against former executive Jes Staley. JPMorgan Chase...

The tools of the stock picker’s trade – and how to use them

Creative Media NewsTuesday, 26 September 2023, 8:000

Access to information stands at the core of successful investments. What you understand and when you learn it about a potential investment holds immense significance. Your prosperity closely correlates with data quality and your skill in analyzing and interpreting it. In any venture, several tools can be employed to significantly enhance the chances of success....

Lego abandons proposal to construct bricks from recycled bottles.

Creative Media NewsTuesday, 26 September 2023, 6:000

In a blow to its efforts to reduce carbon emissions, toy behemoth Lego has abandoned plans to manufacture its bricks from recycled bottles. The company stated in 2021 that it intended to produce non-oil-based bricks within two years. However, the company announced on Monday that the novel material did not reduce carbon emissions. Lego stated...

Aldi sales soar during cost-of-living crisis.

Creative Media NewsTuesday, 26 September 2023, 4:000

According to Aldi’s CEO, consumers have “turned their backs on traditional full-price supermarkets” in favor of low prices. Aldi has reported record sales, attributing the increase to rising living costs. In the year ending in December 2022, annual sales surpassed £15.5 billion, an increase of nearly £2 billion from the previous year and a record...

Santander: Man loses £3k and can’t get bank money

Creative Media NewsMonday, 25 September 2023, 22:000

A disabled former police officer has been unable to access his funds for over a month because Santander blocked his card due to unauthorized withdrawals. Tony Hawkins, from Llandysul, Ceredigion, discovered that his account had been drained of more than £2,000. His associate David Morgan, who contacted Santander on his behalf, criticized the bank for...

HS2: Manchester link cancellation hurts Northern Powerhouse

Creative Media NewsMonday, 25 September 2023, 16:000

The mayor of Greater Manchester has expressed concerns that the cancellation of the HS2 connection between Birmingham and Manchester could “tear the heart” out of plans to improve rail services across northern England if the link is scrapped. Andy Burnham voiced his worries that removing the extension might create a “north-south divide.” Speculation has increased...

Aviva Acquires AIG’s UK Life Insurance Business for £460 Million

Creative Media NewsMonday, 25 September 2023, 12:001

Aviva, a leading FTSE 100 insurer, has announced its acquisition of AIG’s UK life insurance business for a substantial sum of £460 million. Aviva’s CEO, Amanda Blanc, is likely to benefit strategically and financially from this greatest purchase. The transaction involves the purchase of AIG Life UK from Corebridge Financial, a New York-listed company predominantly...

KPMG Faces Record Fine Over Carillion Audit Failures

Creative Media NewsMonday, 25 September 2023, 2:000

KPMG, one of the “big four” audit firms, is on the verge of incurring a record-breaking fine, expected to range between £20 million and £30 million, following serious lapses in its audit of Carillion, the construction giant that collapsed in 2018, causing massive job losses. The Financial Reporting Council (FRC) and KPMG have entered the...

Microsoft’s new Call of Duty contract for UK clearance

Creative Media NewsSaturday, 23 September 2023, 12:000

The UK’s competition watchdog, the Competition Markets Authority (CMA), has expressed optimism regarding Microsoft’s updated offer to acquire Activision Blizzard, the creator of the popular “Call of Duty” franchise. The CMA’s recent statement suggests that this revised proposal may pave the way for the deal’s clearance in the UK. The original $69 billion (£59 billion)...

HMRC Increases Compliance Staff and Targets Inheritance Tax Errors

Creative Media NewsSaturday, 23 September 2023, 10:000

Her Majesty’s Revenue and Customs (HMRC) has taken steps to bolster its compliance division, aiming to reverse a sharp decline in tax revenue. Recent data indicates that HMRC has hired over 3,000 additional personnel for its compliance department since the 2021/22 financial year. However, experts warn that this may not significantly benefit business owners. A...

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