Starbucks and Fiat must pay €30m each in tax repayments, says EU
The Netherlands acted illegally by offering Starbucks a sweetheart tax, while Luxembourg, which did the same with FIAT, also acted outside the law, the...
ARM posts 27% increase in Q3 profits
ARM Holdings, the British multinational semiconductor and software design company based in Cambridge, England, posted a 27 percent increase in Q3 profits.
The company designs...
Stress test just for larger retail banks, says Bank of England
The Bank of England, the UK’s central bank, said it prefers to concentrate its stress test on major retail banks, which account for about...
Sunscreen killing coral reefs across the planet
While protecting us from sunburn and reducing skin cancer risk, sunscreen is also deadly for coral reefs across the world, according to a new...
CBI favours remaining in a reformed European Union
The United Kingdom is better off inside than outside a reformed European Union (EU), the CBI (Confederation of British Industry) announced today alongside several...
TfL unveils plans to build 10,000 new homes in London
Transport for London (TfL) unveiled plans to build 10,000 homes across the capital over the next ten years as part of an effort to...
We sleep more than our ancestors, surprise find
In today’s world where our homes are lit up in the evenings thanks to electricity, most of us would think we'd get less sleep than...
Asda sales lag behind its “big four” rivals
Asda sales dropped more than any of its “big four” supermarket rivals over the past three months. Sales fell almost twice as fast as its arch...
Tata Steel slashing 1200 jobs in latest blow to UK steel sector
Tata Steel announced almost 1,200 job cuts at plants across England and Scotland. The cuts are the latest in a series of layoffs in Britain’s steel...
BBC cuts booze and 1st class tickets in £50m economy drive
BBC employees and executives will not longer be able to claim for booze on expenses, nor first class train tickets and expensive lunches. The...