Joe Biden’s tax crackdown on tech giants: Firms face tougher measures under global plan by US President, leaked papers show Tech giants and multinational firms face a tax clampdown under a global deal Biden plans to force companies to pay more tax in the countries they operate in The move is touted as a major … Read more
Watchdog that could rein in the tech giants: New UK digital regulator might have power to suspend or reverse anti-competitive action Digital regulator could investigate Google’s algorithms, says Oliver Dowden Concerns they disproportionately direct enquiries to Left-leaning news sites The Digital Markets Unit (DMU) has already begun work on a code of conduct By Paul … Read more
No10 finalises new bill to stop tech giants from acting as ‘judge and jury’ on news content which they deem ‘harmful’ The Online Safety Bill will purge the internet of offensive material and footage Bill should stop tech companies ‘acting as judge and jury’ on news coverage Government sources insist that penalties could run into … Read more
‘Things need to change’: Web inventor Sir Tim Berners-Lee warns of widening digital divide and says ‘fad’ of internet giants will pass Tim Berners-Lee founded the World Wide Web while at CERN in 1989 On its 32nd birthday he has said the internet is now a ‘basic right’ for all people He wants to get … Read more
Oil was the main talking point after Opec decided against ramping up production in April. The surprise decision taken by the organisation, which includes Saudi Arabia, Iran and a host of African countries, sent Brent crude prices almost 5 per cent higher to $67.20 per barrel – its highest level since January 2020. Analysts said … Read more
German chemicals giant BASF pays directors and staff bonus worth €360m after borrowing £1bn from Bank of England By Neil Craven, Financial Mail on Sunday Published: 21:51 GMT, 27 February 2021 | Updated: 21:51 GMT, 27 February 2021 German chemicals giant BASF has paid its directors and staff a bonus worth €360million (£312million) after borrowing … Read more
Biden administration drops Trump’s objections to a ‘global digital tax’ on US tech giants, paving the way for a deal by summer Treasury Secretary Yellen told G20 on Friday that a global tax can go forward Plan would set a global minimum corporate tax rate and rules for multinationals Trump’s objections would have let Google, … Read more
The chairman of DMGT has condemned the Australian ‘surrender’ to tech giants and says its watering down of laws forcing them to pay for news is ‘bad for democracy’ across the globe. Lord Rothermere said the laws, which were given final approval by Australian senators today, will allow Facebook and Google to ‘decide what news … Read more
City giants call for cuts to red tape and taxes to boost Britain’s financial sector after Brexit Finance firms want it to be easier for professionals from abroad to work in the UK The cap on bankers’ bonuses could be ditched to make the Square Mile more attractive to top talent Lobbying offensive comes amid … Read more
Facebook has blocked Australians from accessing and sharing news in protest at a new law which would have forced the site to pay for the content it hosts. Furious Prime Minister Scott Morrison said the move shows big tech companies ‘think they are bigger than governments and that the rules should not apply to them’. … Read more