LONDON — Google was slammed Friday by U.K. regulators who say it’s taking advantage of its dominance in digital advertising to thwart competition in Britain, ratcheting up pressure that the tech giant is facing on both sides of the Atlantic over its “ad tech” business practices. Britain’s Competition and Markets Authority said that the U.S....
Tag: business
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Atlantic City’s top casino underpaid its online gambling taxes by $1.1M, regulators say
ATLANTIC CITY, N.J. (AP) — New Jersey gambling regulators say Atlantic City’s top-performing casino, the Borgata, underpaid some of its internet gambling taxes twice by taking almost $15 million more in credits than it was entitled to. That led the casino to pay $1.1 million less in taxes than it should have. The state Division...
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Atlantic City’s top casino underpaid its online gambling taxes by $1.1M, regulators say
ATLANTIC CITY, N.J. — New Jersey gambling regulators say Atlantic City’s top-performing casino, the Borgata, underpaid some of its internet gambling taxes twice by taking almost $15 million more in credits than it was entitled to. That led the casino to pay $1.1 million less in taxes than it should have. The state Division of...
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UK says it’s suspending some arms exports to Israel over the risk of breaking international law
LONDON (AP) — U.K. Prime Minister Keir Starmer’s government said Monday that it’s suspending exports of some weapons to Israel because they could be used to break international law — a move with limited military impact intended to increase pressure by Israel’s frustrated allies for an end to the war in Gaza. Foreign Secretary David...
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$100bn wiped off Nvidia amid tech bubble fears – latest updates
$100bn wiped off Nvidia amid tech bubble fears – latest updates Jump to content
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Tech bubble fears grow as Nvidia shares slump
Nvidia’s stock dropped sharply last night despite the chipmaker more than doubling sales to a record $30bn (£22.8bn) in a reaction that will fuel fears of a tech bubble. Shares in the world’s second-largest publicly traded company lost as much as 8pc in fluctuating trading after its quarterly results were released on Wednesday night. The...
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British Steel to axe thousands of jobs despite £600m taxpayer handout
The request for £600m in taxpayer cash is part of a £1.3bn turnaround plan to make greener steel. This should still see an electric arc furnace constructed in Scunthorpe, though sources said they feared a plant would not be up and running for at least five years, resulting in the loss of thousands of jobs....
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Ed Miliband’s oil tax ‘puts thousands of British jobs at risk’
Gas output in particular could fall 80pc by 2030, leaving the UK increasingly dependent on imports. Critics argue that such moves are premature because the UK remains highly reliant on both oil and gas for 75pc of its total energy. About 25m homes rely on gas for heating and hot water, gas-fired power stations make...
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Body of British tech magnate Mike Lynch is among those recovered from yacht wreckage, officials say
PORTICELLO, Sicily (AP) — The Italian coast guard said Thursday the body of British tech magnate Mike Lynch is among those recovered off the coast of Sicily from the wreckage of a superyacht whose builders had called unsinkable. One woman remains missing. She has not been identified, but Hannah Lynch, Lynch’s 18-year-old daughter, is reportedly...
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Reeves paves way for tax rises after £3bn borrowing surge
The spending watchdog said higher pay deals for public sector workers were a key factor. “The difference with our forecast profile is driven primarily by higher-than-forecast consumption spending by government departments (£5.8bn), which appears related to strong growth in public sector pay,” the OBR said. Darren Jones, chief secretary to the Treasury, said the borrowing...
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Who is Mike Lynch? A look at the British tech tycoon killed when his yacht sank off Sicily
Tech tycoon Mike Lynch, who died after his yacht sank off Sicily, had been trying to move past a Silicon Valley debacle that had tarnished his legacy as an icon of British ingenuity. Lynch, 59, struck gold when he sold Autonomy, a software maker he founded in 1996, to Hewlett-Packard for $11 billion in 2011....
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British tech tycoon Mike Lynch was trying to bounce back from HP fraud case before being lost at sea
Tech tycoon Mike Lynch, one of six people missing from a sunken yacht off Sicily, had been trying to move past a Silicon Valley debacle that had tarnished his legacy as an icon of British ingenuity. Lynch, 59, struck gold when he sold Autonomy, a software maker he founded in 1996, to Hewlett-Packard for $11...