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Ikea’s tax affairs to be investigated by the EU

Image copyright EPA The European Commission is to open an in-depth investigation into Ikea’s corporate tax structure. The Commission said Dutch-based Inter Ikea, one of the Swedish giant’s two divisions, may have been given unfair tax advantages by the Netherlands. European Competition Commissioner Margrethe Vestager said all firms “big or small, multinational or not, should […]

Advertising Standards considers inquiry into Amazon Prime

Image copyright Reuters Amazon’s promise of next-day deliveries could be investigated amid customer complaints that it is failing to meet that pledge. The UK Advertising Standards Authority (ASA) is considering whether to launch a formal inquiry into Amazon. The firm’s top service, Prime, offers next-day deliveries for £7.99 a month. The ASA said: “We have […]

IPPR proposes creation of ‘shared market’ for UK and EU

Image copyright AFP A think tank is proposing a post-Brexit trading deal based on the UK and the EU sharing each other’s markets. It would see the UK and EU continuing the regulatory alignment that exists today, and the formation of a new customs union similar to the existing one, the centre-left IPPR said. It […]

Bitcoin trading starts on the huge CME exchange

Image copyright Getty Images Bitcoin has moved another step towards mainstream investing with the start of trading on the huge Chicago Mercantile Exchange financial futures market. It comes as the value of the digital currency approached $20,000 on Sunday, before drifting below $19,000. Last week, Chicago’s CBOE exchange began Bitcoin futures trading – bets on […]

Ryanair pilots in Ireland suspend strike plans

Image copyright PA Image caption Ryanair boss Michael O’Leary had always refused to recognise pilots’ unions Ryanair pilots have suspended a pre-Christmas one-day strike, union bosses have announced. The Impact union, which represents Irish-based pilots, has agreed to meet Ryanair’s management on Tuesday ahead of the planned action on Wednesday. It follows Ryanair’s decision on […]

Pensions: Automatic saving to start at 18 under new plans

Image copyright Getty Images Image caption Waiters are among the workers who have been enrolled in recent years Every worker aged 18 or over will begin saving into a workplace pension unless they opt out, under government plans to extend its automatic enrolment scheme. At present, the scheme means employers must enrol staff aged 22 […]

Sky News faces uncertain future after Disney-Fox deal

Image copyright Getty Images Walt Disney’s agreement to buy most of 21st Century Fox’s business for $52.4bn (£39bn) has raised further questions about the Sky News channel’s future. Before news of the deal, Rupert Murdoch’s Fox had been trying to buy the 61% of satellite broadcaster Sky that it does not yet own. That attempt […]

Cash controversy: The High Streets with too many ATMs

Shoppers in Gallowtree Gate, in the centre of Leicester, should never find themselves short of cash. Within a five minute walk they can find no fewer than 68 cash machines, or Automated Teller Machines (ATMs) as they are more properly known. Including machines inside the banks themselves, there are 41 within a minute of each […]

Unilever sells margarine business to KKR for £6bn

Image copyright Newscast Unilever has agreed to sell its margarine and spreads business, which include Flora and ProActiv, to private equity giant KKR for €6.8bn ($8bn; £6bn). The move follows a wide-ranging review of its business which was prompted by a takeover attempt by rival Kraft. Unilever said it would look for a buyer of […]

US tax bill: Republicans agree sweeping changes

Image copyright Getty Images Image caption Kevin Brady, chairman of the House Ways and Means Committee, revealed details of the final bill to reporters US Republicans from both houses of Congress have revealed their joint bill for the biggest overhaul of the country’s tax system in 30 years. The plan brings the US corporate tax […]

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