Financial news

• Why is Apple facing a €500m fine from EU over music streaming?

  19-02-2024 21:10
  
  After a complaint by Spotify European Commission will reportedly hand down punishment after Apple imposed ‘unfair trading conditions’Apple reportedly faces €500m fine from EU over music streaming access Apple is to be fined €500m (£427m) for allegedly hobbling rivals in the music streaming market.The Financial Times reported that the EU’s executive arm, the European Commission, will hand down the punishment after a long-running investigation. Continue reading...
  
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• Kemi Badenoch accuses Post Office chair she sacked of seeking revenge – video

  19-02-2024 20:54
  
  The business secretary has accused the Post Office chair she sacked of a 'blatant attempt to seek revenge' after he made explosive allegations about the government’s handling of the Horizon scandal. Kemi Badenoch launched an extended attack on Henry Staunton in the Commons on Monday. The furore began over the weekend after Staunton gave an interview to the Sunday Times accusing the government of wanting to stall compensation payments to victims of the Horizon scandal until after the genera
  
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• Severn Trent fined more than £2m for ‘reckless’ pollution of River Trent

  19-02-2024 20:13
  
  Huge amounts of raw sewage were discharged into the river between November 2019 and February 2020Severn Trent has been fined more than £2m for polluting the River Trent near Stoke, with the Environment Agency calling its storm contingency plans “woefully inadequate”.Huge amounts of raw sewage were discharged into the river from Strongford wastewater treatment works near Stoke-on-Trent, Staffordshire, between November 2019 and February 2020. Continue reading...
  
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• Yorkshire Building Society to pull 'competitive' 6% interest savings account in days

  19-02-2024 18:48 via express.co.uk
  
  Savers have until Wednesday to apply for Yorkshire Building Society's Base Rate-beating account.
  
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• HMRC alert for married couples to make 'tax saving' of £252 a year - can you claim?

  19-02-2024 18:36 via express.co.uk
  
  Britons are being encouraged to make the most of the tax allowances available.
  
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• EU opens investigation into TikTok over online content and child safeguarding

  19-02-2024 18:31
  
  Video platform under scrutiny over potential breach of Digital Services Act in areas such as age verificationThe EU has launched a formal investigation into whether TikTok has broken online content rules including the safeguarding of children.The European Commission said it had opened official proceedings against the Chinese-owned short video platform over potential breaches of the Digital Services Act (DSA). Continue reading...
  
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• What are the proposals to restrict short-term lets in England?

  19-02-2024 18:02
  
  Ministers hope a registration scheme for holiday lets on sites such as Airbnb will increase the supply of homes for localsNew rules for short-term holiday lets in England were unveiled by the government on Monday, with the aim of reining in a sector that campaigners claim is “out of control”.Amid growing concern about an explosion in the number of properties being let out on a short-term basis, leading to local residents being pushed out of their communities, ministers are proposing
  
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• Currys board should play hardball with opportunistic bidders | Nils Pratley

  19-02-2024 17:40
  
  Electricals retailer is worth more than US hedge fund Elliott’s offer and should look for close to £1bnCurrys shares soar as Chinese retailer enters takeover battleIt’s a long time since anybody described Currys, or Dixons as it was in a former incarnation, as a jewel of the London stock market. The electricals retailer was relegated from the FTSE 100 index as long ago as 2017, soon after its foolish value-destroying merger with Carphone Warehouse. These days it exists in that
  
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• EDF scheme helps thousands slash energy bills by up to £228 this winter - can you save?

  19-02-2024 13:35 via express.co.uk
  
  Over 139,000 EDF customers have taken part in the scheme this year so far.
  
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• Sim-swap fraud: How your bank account can be emptied by phone

  19-02-2024 10:00
  
  Criminals are using personal data to get hold of a replacement sim, take over your mobile and then clean out your savingsA north London teacher has warned others to be on their guard if their mobile phone suddenly stops working. Fraudsters apparently used the ID information she had given to a lettings agent to first take over her phone and then clean out her bank account.Angela Nevin* says she is still reeling from the episode that caused her “no end of anxiety and stress” as she wai
  
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• Apple reportedly faces €500m fine from EU over music streaming access

  19-02-2024 09:39
  
  Brussels to issue levy after Spotify complained about block on telling users about cheaper alternatives to app store, according to FTApple is reportedly facing a €500m fine from the EU over restrictions on access to music streaming services, in what would be a landmark blow to the US tech company.The European Commission is investigating whether Apple blocked music streamers from telling users about cheaper ways to subscribe outside its app store where it takes a significant cut of revenues.
  
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• A united Ireland is closer than ever. Let’s make it a paradise for all of us, not just corporate tax-dodgers | Colin Gannon

  19-02-2024 09:00
  
  Arguing over anthems and flags is a distraction. This is our one chance to create an inclusive society across our whole islandIn the blink of an eye, a united Ireland has transformed from a largely unsayable demand into what feels like a new political reality. This turn in the tide has allowed the Sinn Féin president, Mary Lou McDonald, to recently claim a referendum will happen by 2030. Galvanised by the return of power-sharing to Stormont and the historic resonance of a nationalist beco
  
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• BA’s failures stopped me from visiting my dying grandmother

  19-02-2024 08:00
  
  She wanted to see my newborn baby but I couldn’t even board the plane because of a problem with my ticketBritish Airways’ failures deprived me of the chance to say goodbye to my dying grandmother. After she was diagnosed with terminal cancer, my mother and I booked flights from Hong Kong, where I was working, to the UK so she could meet my newborn baby. Shortly before our trip in September, we learned that her condition had deteriorated and she was asking for us. She was desperate to
  
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• When your food comes via a delivery app, the exploitation is baked right in | Nesrine Malik

  19-02-2024 07:00
  
  Delivery services have changed the way we live, but they are only viable if someone is underpaid. No wonder riders went on strikeThe working life of a delivery app rider is dictated by the tyranny of time. Time between deliveries, the time it takes to make a delivery, the time that a rider needs to rest, go to the bathroom, eat.Ulisses Cioffi is a rider who is part of a group that organised last week’s Valentine’s Day strike. There are only a certain amount of deliveries that he can
  
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• Citizens Advice says Sizewell C costs should not be paid with energy bill hikes

  19-02-2024 06:00
  
  Independent advice provider calls for clarity on funding and says project may offer ‘poor value for money’Ministers have been urged by Citizens Advice to protect consumers from a hike in household energy bills to pay for the proposed Sizewell C power station, amid international tensions over the rising costs of nuclear projects.The UK’s largest independent advice provider has raised concerns that the project in Suffolk may offer “poor value for money” and called for
  
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• Amount of fraud in UK more than doubled to £2.3bn in 2023, report finds

  19-02-2024 01:01
  
  Accounting firm BDO also warns of future impact of fraudsters using artificial intelligence to rip off customersThe amount of fraud committed in the UK more than doubled to £2.3bn in 2023, marking the second-biggest year for scams in the last two decades, according to a report that also warns of the future impact of fraudsters using artificial intelligence to rip off consumers.The accounting firm BDO’s latest FraudTrack report found that the number of reported cases rose by 18% to a
  
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