The EU General Court overturned a European Commission order that would have required Amazon to pay about €250 million in back taxes, dealing another setback to the commission’s crusade against preferential state aid deals.
Major players in the electronics industry, accustomed to the long time horizons of chip production, have mostly avoided major disruptions from the chip shortage.
The Confederation of British Industry’s latest quarterly business optimism gauge rose to +38 from -22 in January, its survey of UK manufacturers found.
Interest in cannabis-related business opportunities continues to grow. Global sales of cannabis products are projected to hit more than $55 billion, according to research cited by Reuters.
A new study led by the University of Cambridge suggests that many economies will see credit rating downgrades within a decade, increasing the cost of sovereign and corporate debt.
The Bank of England has warned firms to complete the switch away from the LIBOR, or London Interbank Offered Rate used in contracts, by the end of 2021.
Sentiment has risen for three consecutive quarters in a quarterly survey of CPA executives in business and industry. Revenue and profit are projected to increase in the next year.
The UK’s chancellor of the exchequer set out measures that included extending the government’s furlough scheme until the end of September, changes to corporation tax, and more.
