Business News
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Labour: Scrapping non-dom tax humiliates government
Rachel Reeves responded when asked why she did not commend the chancellor for adopting an idea she endorses: "Consider the positive impact that could have resulted had the chancellor and prime minister taken this action years ago… "They have exhausted their supply of ideas." Eliminating the non-dom tax status for affluent foreign nationals, according to shadow chancellor Rachel Reeves, is "a complete disgrace for this government."
U.S. firm Elliot abandons its merger bid for Currys
Elliot Advisors, an American investment firm, reconsidered its acquisition offer for Currys after the retailer's board "multiple times" rejected it. It initially made an offer for the electrical chain, valued at £700 million, subsequently increasing to £757 million. However, Currys rejected the offers, asserting they "substantially underestimated" the company's worth.
The $1 deal’s implications for the American office market
The 61-year-old, who operated from his vantage point on Park Avenue South, supervised the higher education of two children and twelve employees while serving salads and sandwiches to the office workers who flocked in from neighbouring structures. It currently provides a vantage point from which to observe what some are dubbing the "apocalypse" of the workplace in America.
City pay should reflect ‘shocking’ misogyny and assault
The report on sexism in the city recommended that non-disclosure agreements (NDAs) be prohibited in sexual harassment cases so that offenders cannot continue to harm victims while they are compelled to remain mute. As efforts to combat misogyny in the City of London "move at a snail's pace," an influential committee of Members of Parliament has urged the government to provide legal requirements for including pay scales in job advertisements and prohibit employers from inquiring about employment history.
Recent Tesco supermarket to raise employee compensation
Tesco is the most recent supermarket to increase wages to retain employees in light of the increasing minimum wage and other challenges retailers face. In April, the hourly wage for store employees will increase from £11.02 to £12.02, whereas London workers will earn £13.15 per hour. Tesco stated that the increase will benefit over two hundred thousand employees.
Tesla fire: Musk calls ‘stupid eco-terrorists’
Elon Musk described as "dumb" the alleged arson assault that halted production at Tesla's Berlin assembly plant. According to a far-left activist organization, the site was targeted due to its substantial utilization of resources and labor. The automotive manufacturer predicts that production will not recommence until the following week, at a cost in the "high nine-figure euro range."
New share sale brings Rising Tide near $1bn
Tide, established in 2015, is on the verge of announcing a secondary share sale that could make it the latest British technology unicorn. The business banking services platform, Tide, is close to completing a share offering that will potentially value it at $1 billion, joining the ranks of the latest British fintech unicorns.
A family forfeits £165 due to a Ryanair check-in dispute
A passenger who prevailed in his dispute with Ryanair over the £165 airport check-in fee has stated that he has no regrets about flying with the airline. "At that moment, I was so angry that I felt compelled to attempt something. It ruined a few days of my holiday," explained Damian Lloyd, a father of two from Neath.
Currys declines Elliott’s second offer to acquire the company
Currys has declined Elliott's second takeover proposal, stating that the electronics retailer was "substantially undervalued." Elliott increased the retailer's valuation from £700 million earlier this month to approximately £757 million. The British firm is in competition with Chinese rival JD.com, which has also indicated interest in acquiring the American company.
Sony to close London Playstation studio and layoff 900 jobs
Several locations in the United Kingdom are expected to be impacted by the announcement, attributed to significant shifts in the gaming industry. Sony has disclosed its intention to eliminate 900 positions throughout its PlayStation division, including operations in the United Kingdom. The Japan-based company informed employees via email that the PlayStation London studio would be shut down in accordance with the proposals.
Post Office chief under inquiry, ex-chair says
MPs were taken aback by the former chairman of the Post Office's assertion that Nick Read, the current CEO of the organisation, is the subject of an investigation. During a hearing to debate compensation payments to sub-postmasters at the centre of the Horizon scandal, Henry Staunton levied the accusation.
Renowned Renault 5 reappears as £25,000 retro electric car
In 2021, when Renault unveiled an electric concept car based on the cult classic Renault 5, there was tremendous anticipation. The pivotal inquiry was whether Renault would revive its icon from the mid-1970s to the mid-1990s with an antiquated aesthetic.