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Price hikes and 12-hour trips: ‘Furious’ Britons scramble to leave Portugal ahead of travel list change
Double the usual number of flights to the UK are due to leave Portugal as holidaymakers scramble to leave on the last day before the country moves to the amber travel list.Thirty-nine flights were due to depart from Faro Airport in the Algarve for the UK on Monday, nearly twice as many as are scheduled …
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Lowest-paid workers ‘most at risk of losing jobs’ after ‘rollercoaster’ pandemic year
Britain’s lowest-paid workers are most at risk of unemployment when the government’s furlough scheme ends later this year, according to a new study.They were also three times more likely to have already lost their jobs during the pandemic, after a “rollercoaster” year, researchers at the Resolution Foundation said. The think tank, which focuses on living …
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The tone for future international diplomacy has been set – and it’s very different indeed
When considering the landmark deal on global taxation agreed today by the group of seven leading industrialised economies, it’s easy to fixate on the question marks and criticisms – after all, there are plenty of them.It is not as ambitious a deal as many had hoped for. The global minimum corporate tax rate (one of …
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Google and Facebook welcome ‘historic’ deal to stop big tech tax avoidance
Google and Facebook have welcomed a G7 deal on tackling corporate tax avoidance by big tech companies.The agreement will see a global minimum corporate tax of at least 15% – lower than a floor of 21% mooted by President Biden – and changes to which countries will benefit. Chancellor Rishi Sunak called the deal “a …
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Ousted Barclays chief Jenkins worth £200m after BlackRock deal
Antony Jenkins, the former Barclays chief executive, is on the verge of a deal with the world’s biggest asset manager that will catapult him into the ranks of Britain’s super-rich.Sky News has learnt that Mr Jenkins, who was sacked as the British bank’s boss in 2015, is close to selling a stake in 10x Future …
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Sky News
Businesses bidding for major govt contracts will have to sign pledge to be net zero by 2050
Businesses looking to secure government contracts will have to pledge to be net zero by 2050 under new requirements.From September, firms seeking public sector contracts worth more than £5m a year will also have to publish “clear and credible carbon reduction plans” before being considered, the Cabinet Office said. The move, which coincides with World …
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Facebook under new investigation by competition authority
Facebook is under investigation in the UK by the competition regulator once again, this time for the social media giant’s advertising practices.The Competition and Markets Authority (CMA) said on Friday that Facebook may hold an “unfair advantage” due to its dominant market position in the digital advertising space. Facebook might be abusing that dominance, the …
Business
Sky News
Facebook under new investigation by competition authority
Facebook is under investigation in the UK by the competition regulator once again, this time for the social media giant’s advertising practices.The Competition and Markets Authority (CMA) said on Friday that Facebook may hold an “unfair advantage” due to its dominant market position in the digital advertising space. Facebook might be abusing that dominance, the …
Business
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Johnson and Sunak summon City chiefs for COVID recovery talks
Boris Johnson will hold talks with the bosses of Britain’s biggest banks and insurers next week as the government seeks assurances about the sector’s commitment to financing the post-pandemic recovery.Sky News has learnt that the prime minister and Rishi Sunak, the chancellor, have invited more than a dozen of the City’s top executives to a …
Business
Sky News
Industry attacks travel changes, G7 targets tech tax-avoiders, and textiles get 21st century twist
The travel industry counts the cost of tourists fleeing Portugal, G7 urged to tackle tax avoidance by tech firms, and the British company taking textiles and giving them a 21st century twist.:: Listen and subscribe to The Ian King Business Podcast here. Advertisement
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Sky News
Cost pressures on the rise for booming construction sector
Price pressures for construction companies are rising at their fastest rate since records began, according to new research, leading to a sharp increase in supplier delivery times. The latest IHS Markit/CIPS Construction Purchasing Managers’ Index (PMI) – an early indicator of economic health – rose to 64.2 from 61.6 a month ago, its highest level since …
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Sky News
Space fund Seraphim in countdown to London stock market launch
The world’s first venture capital fund to be focused on the space industry is plotting a rocket-fuelled launch onto the London stock market amid record levels of funding being ploughed into the sector.Sky News has learnt that an arm of Seraphim Capital is working with bankers on plans for a public share sale that could …

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