60 h. ago US philanthropists warn against capitulating to Trump: ‘We need to step up’

Foundation leaders say charitable organisations could be next in the firing line – but must ‘stand together’ to resistJohn Palfrey will not be obeying in advance.At a moment when leaders of tech companies, law firms, media corporations and academic institutions have bent the knee to Donald Trump, the president of the John D and Catherine T MacArthur Foundation insists that charitable organisations choose resistance over capitulation. Continue reading...

Events

5 d. ago Google sued for £5bn in UK over allegations of shutting out rivals

Class action argues US tech firm charged more for advertising on its preinstalled apps than it could in fair marketGoogle is being sued in the UK for up to £5bn in damages over allegations it shut out rivals in the internet search market and abused this dominance to overcharge businesses for advertisements. A class action filed at the competition appeal tribunal on Tuesday argues that the US technology company has taken actions that enable it to charge higher prices for the promotions that appear in search inquiries than it otherwise could in a fair market. It alleged that Google, which is owned by the US tech company Alphabet, contracted phone makers to preinstall the Google search app and Chrome browser on Android devices and paid Apple to make it the default search engine on iPhones, with the intention of shutting out competition. The claim is filed by the competition law expert Or Brook on behalf of thousands of businesses and alleges Google ensured its search engine had better ...

Economics

1 week ago Apple said to be flying iPhones from India to US to avoid Trump tariffs

Tech firm has reportedly flown 600 tonnes of handsets from Indian factories as Chinese goods face huge tariffsApple is reportedly chartering cargo flights to ferry iPhones from its Indian manufacturing plants to the US in an attempt to beat Donald Trump’s tariffs.The tech company has flown 600 tonnes of iPhones, or as many as 1.5m handsets, to the US from India since March after ramping up production at its plants in the country, according to Reuters. Continue reading...

Politics

1 week ago China vows to fight tariffs to end, saying trade with US is already balanced

China again vowed to “fight to the end” against Donald Trump’s tariffs in a lengthy policy statement published Wednesday, while arguing that trade between the two countries is in balance as a 104% tax on the country’s exports to the U.S. came into effect

Economics

2 w. ago Labour 'plotting to delay AI copyright law for up to four more years'... while tech firms carry on 'burgling' creatives

The government reportedly wants to conduct a full 'technical review' of its proposal to give Big Tech firms an exemption from copyright law when training AI models.

Politics

2 w. ago Trump to consider final proposal on TikTok as US ban deadline looms

Owner ByteDance required to find non-Chinese buyer for video app’s American operations by SaturdayDonald Trump will consider a “final proposal” over the sale of TikTok’s US operations on Wednesday, according to reports, as a Saturday deadline looms for the Chinese-controlled app to find a buyer.The White House is finalising plans for a deal involving US investors, possibly including the tech firm Oracle and the private equity firm Blackstone, CBS News reported. Continue reading...

Politics

3 w. ago Rachel Reeves considers fresh tax raid on savers in bid to balance books

HMRC estimates that an extra 893,000 people will have to pay tax on savings by 2028-29

Economics

3 w. ago Five economic factors that will govern Rachel Reeves’s spring statement

The chancellor will address MPs on Wednesday, warning of tough spending cuts amid rising government borrowing costsWhat to expect from Rachel Reeves’s (brief) spring statementRachel Reeves will give her spring statement on Wednesday, with a warning that spending cuts are required because “the world has changed” amid rising government borrowing costs.After announcing deep cuts to welfare, provoking a fierce backlash within her party, the chancellor will present updated forecasts from the Office for Budget Responsibility (OBR) on the outlook for the economy and government finances. Continue reading...

Economics

3 w. ago Chancellor faces ‘tough balancing act’ if tax on big tech firms is scrapped

One expert has said the perception of lowering taxes on big businesses while making government spending cuts would likely face criticism.

Economics

4 w. ago Starmer is warned against ‘appeasing’ Trump with tax cut for US tech firms

Labour MP and Lib Dem leader express concern social media companies could be let off hook just as benefits are cutKeir Starmer has been warned against “appeasing” Donald Trump as he considers reducing a major tax for US tech companies while cutting disability benefits and public sector jobs.His chancellor, Rachel Reeves, confirmed on Sunday that there were “ongoing” discussions about the UK’s £1bn-a-year digital services tax that affects companies from Meta to Amazon. Continue reading...

Events