Deal-making surge boosts Wall St giants Goldman Sachs and JP Morgan

Deal-making surge boosts Wall St as Goldman Sachs and JP Morgan rake in bumper profits By Daily Mail City & Finance Reporter Published: 22:26 BST, 13 July 2021 | Updated: 22:26 BST, 13 July 2021 Wall Street titans Goldman Sachs and JP Morgan raked in bumper profits between April and June amid a surge in … Read more

Real Madrid’s Bernabeu stadium on FIRE as Spanish giants see £500m redevelopment work jeopardised

Real Madrid’s Bernabeu stadium catches FIRE amid £500m redevelopment… but ‘small foam insulation’ blaze was put out in just ’15 minutes’ despite plumes of smoke billowing out Real Madrid’s Bernabeu caught on fire and firefighters have been called The fire was put under control but extent of the damage is yet to be determined The … Read more

Real Madrid’s Bernabeu stadium on FIRE as Spanish giants see £500m redevelopment work jeopardised

Real Madrid’s Bernabeu stadium catches FIRE amid £500m redevelopment… but ‘small foam insulation’ blaze was put out in just ’15 minutes’ despite plumes of smoke billowing out Madrid’s Bernabeu Stadium has caught on fire and firefighters have been called The fire is under control but the extent of the damage is yet to be determined … Read more

Joe Biden’s tax crackdown on tech giants

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

Web inventor Berners-Lee says “fad” of internet giants will pass

‘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

MARKET REPORT: Shares in oil giants surge after slick move from Opec

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

City giants call for cuts to red tape and taxes

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

IAN HERBERT: If big tech giants do not use AI to unmask trolls then they are as good as condoning it

We’ve spent the last week hearing the social media giants’ assurances about all the work they’re doing to protect players from abuse. Facebook’s Fadzai Madzingra told the BBC last week that abusive accounts would be stopped ‘the moment they are created.’ So I undertook a random 20-minute check, today, of accounts which have issued racist, … Read more

Amazon and other online giants are facing double tax raid on their finances including Covid windfall

Amazon and other online retailers are facing the prospect of a double tax raid, including one on the huge profits made by some web-based businesses during the Covid pandemic. Treasury officials are reportedly weighing up plans for an online sales tax in a bid to re-balance the scales between booming online businesses and struggling high … Read more

Football to tackle social media giants over online racism and heavy fines could be imposed

English football will challenge social media companies to prove they are serious about protecting players from sickening online abuse following another depressing week. Marcus Rashford, Reece James, Anthony Martial, Axel Tuanzebe and Romaine Sawyers have all suffered disgusting racial abuse on the internet in recent days, while at least one other Premier League player was targeted … Read more