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InterviewArtificial intelligence
BCG says AI consulting will supply 20% of revenues this year
...From customer service chatbots to data migration and overhauling research and development in healthcare, Schweizer said BCG is helping companies use AI to cut costs and increase productivity....
April 23, 2024
HM Revenue & Customs
Hunt orders UK tax agency to reverse plan to cut number of helplines
...Chancellor Jeremy Hunt has ordered the UK tax authority to immediately reverse plans to drastically scale back its public helplines, a day after HM Revenue & Customs announced the changes....
March 20, 2024
FT Live
Innovation in Wealth Management Summit
Augmented intelligence for client-centric services
Thursday, 2 May9 Montague Close, London, UK
Lex PopuliInvestments
If you like a company, should you buy its shares?
...Of course it cuts both ways....
April 19, 2024
HM Revenue & Customs
Walkers’ Sensations Poppadoms vs HMRC: Crunch time
...Last week, a verdict was passed down in the case of Walkers Snack Foods Ltd v Commissioners for His Majesty’s Revenue and Customs, with first-tier tribunal judges Anne Fairpo and Sonia Gable ruling against...
January 19, 2024
HM Revenue & Customs
HMRC attacked for slashing number of tax helplines
...HM Revenue & Customs on Tuesday announced that starting next month it would permanently cut the number of telephone lines available to provide taxpayers with help for self-assessment tax returns, VAT and...
March 19, 2024
Brexit
The 22-mile trip for post-Brexit border controls starts next week
...Yet the DPHA said the government plans to cut their funding by 70 per cent. The government said it had strict border controls in place to protect food and animal safety....
April 26, 2024
FT Live
TNW Conference 2024 - The Next Web
Europe’s leading tech event for corporates, startups, investors and governments
Thursday, 20 JuneAmsterdam, Netherlands
LexCredit cards
Visa and Mastercard’s deal to cut fees is a hollow consumer victory Premium content
...The settlement does not specify from whose cut the 4 bps decrease in interchange fees will come....
March 27, 2024
Personal Finance
Podcast: Beyond the Budget tax cuts
...HM Revenue & Customs say they should start a new claim, or opt into benefits, from the start of the new tax year on April 6....
March 15, 2024
Tesla Inc
Tesla to cut 10% of global workforce
...The company has been through previous rounds of job cuts....
April 15, 2024
Brexit
Small businesses face punitive charges from new Brexit border fees
...“We are trying to cut the number of lorries we bring in, so we only bring one every two weeks and focus on bigger quantities....
April 22, 2024
Labour Party UK
Labour seeks to toughen planned tax crackdown on ‘non-doms’
...Reeves will also vow to “take on the tax dodgers” by investing more in HM Revenue & Customs’ ability to police its rules....
April 8, 2024
Chinese economy
Fitch cuts China credit outlook to negative on ‘uncertain economic prospects’
...Fitch Ratings cut its outlook on China’s long-term credit rating to negative on Wednesday, citing uncertain prospects for the economy as the country transitions from its property-led growth model....
April 10, 2024
HM Revenue & Customs
HMRC undermining innovation by failing to award R&D tax credits, say start-ups
...UK start-ups and small businesses have accused HM Revenue & Customs of putting economic growth and innovation at risk by rejecting legitimate claims for research and development tax relief, delaying payments...
April 1, 2024
Exchange traded funds
Fee cuts fail to make significant impact on European ETF flows
...Across all ETFs, regardless of whether they cut fees, 49.7 per cent increased annual net flows compared with the previous year, on average — only slightly lower than for ETFs that cut fees....
March 27, 2024
BlackRock Inc
BlackRock loses appeal over UK tax on $13.5bn BGI deal
...BlackRock, the world’s largest asset manager, has lost an appeal relating to UK tax it sought to reclaim from HM Revenue & Customs on its $13.5bn acquisition of Barclays Global Investors in 2009....
April 11, 2024
FT Live
Finance Disrupted at TNW Conference
Shaking The Foundations Of Finance | Formerly Future of Finance
Thursday, 20 JuneAmsterdam, Netherlands
Tesla Inc
Tesla evacuates German plant after suspected arson attack triggers power cuts
...Tesla has paused production and evacuated its only European car manufacturing plant after a suspected arson attack on a nearby electricity pylon caused widespread power cuts....
March 5, 2024
LexTikTok Inc
TikTok’s value would be cut in a forced sale Premium content
...If the US did order ByteDance to cut ties, the possible pool of buyers for a company this size could include consortiums or big tech companies....
March 14, 2024
Nomura Holdings Inc
Nomura profits soar as Japan’s stock market breaks bubble-era record
...Since taking the reins, Okuda has struggled to turn around the bank and was forced to cut profits targets last May....
April 26, 2024
Tax returns
1.1mn UK taxpayers miss self-assessment filing deadline
...Tax experts said the record number of submissions was partly the result of the government having cut allowances and frozen many tax thresholds since 2022....
February 1, 2024
Investing in funds
Index providers are massively dull — and massively profitable
...It might allow an index fund to cut costs even further, but can look a bit like grading your own homework....
March 19, 2024
Tesla Inc
Tesla’s biggest problem: cars
...A cut-price Model 2 was first teased at the 2023 Tesla AGM, with Musk saying in January that it would be in production towards the end of next year, but the expected spring product announcement never came...
April 26, 2024
NBC Universal Inc
NBC cuts ties with former Republican party chair Ronna McDaniel after backlash
...Rachel Maddow, one of MSNBC’s most popular presenters, on Monday called on her employer to cut ties with McDaniel....
March 26, 2024
AI and jobs
Tech companies axe 34,000 jobs since start of year in pivot to AI
...Overall, 263,000 jobs were cut across the tech sector in 2023, Layoffs.fyi data showed....
February 11, 2024
Unhedged
The Magnificent 7 value trade Premium content
...The price of oil is being kept down by weak Chinese demand, despite Opec production cuts....
January 30, 2024
Claer Barrett
Child benefit reforms are a well-earned tax cut for parents
...wider unfairness of a system where two parents could earn £49,999 each and receive child benefit but a single parent earning £60,000 would lose all of theirs is a much bigger tax problem for HM Revenue & Customs...
March 6, 2024

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