Business

Online betting firms to pay billions more in UK tax, Reeves confirms

The chancellor almost doubled remote gaming duty in Wednesday’s budget, taking it to 40% from April next year Online casinos and bookmakers will pay billions of pounds more in tax under a steep rise in duties levied on their takings from British gamblers. In her second budget as chancellor, Rachel Reeves announced duty changes expected to raise an extra £1.1bn a year by 2029-30, raiding a fast-growing sector that made £12.6bn from punters last year. Continue reading… Source link

China

Trump reportedly urged Japan’s PM to avoid further escalations in dispute with China

The report comes after the Wall Street Journal claimed the US president told Sanae Takaichi to ‘dial down the volume’ in dispute over Taiwan Donald Trump asked the Japanese prime minister, Sanae Takaichi, to avoid further escalation in a dispute with China during a call this week, according to two Japanese government sources who spoke to the Reuters news agency. Takaichi sparked the biggest diplomatic bust-up with Beijing in years when she told parliament earlier this month that a hypothetical Chinese attack on Taiwan could trigger Japanese military action. Continue reading… Source link

Top Stories

Champions League roundup: Mbappé hits four at Olympiakos, Atlético stun Inter

Real Madrid edge home 4-3 in Greece Giménez heads home in injury time for Atlético Kylian Mbappé scored the second-fastest hat-trick in the Champions League as he helped himself to all four goals in Real Madrid’s 4-3 win at Olympiacos. The La Liga leaders were trailing to Chiquinho’s early strike at the Stadio Georgios Karaiskakis before Mbappé intervened with a seven-minute treble after 22, 24 and 29 minutes. Continue reading… Source link

Business

Hong Kong fancy dress squash event serves up HK$390,000 for Operation Santa Claus

Squash players in comical outfits swung their rackets nonstop with enthusiasm at an annual fundraising tournament last week to support vulnerable communities in Hong Kong. Held at the Hong Kong Football Club (HKFC) squash centre, the 27th Wing Ding Squash Charity Tournament has raised HK$390,000 so far, with a goal of reaching HK$500,000 for Operation Santa Claus (OSC), an annual citywide fundraising initiative run by the South China Morning Post and public broadcaster RTHK since 1988. Stephen… Source link

Politics

‘A bit of a relief’: a City trading floor reacts to Reeves’s budget

After initial chaos caused by OBR leak, London financial traders say markets do not appear to have been upset Budget 2025: key points at a glance As financial traders milled around 26 floors up in a tower in the Canary Wharf district of London, there was little sign of nerves ahead of Rachel Reeves’s second budget – until the surprise accidental early release of the government’s official economic analysis started to move markets. Headline numbers from the Office for Budget Responsibility (OBR) flashed through on banks of computer screens, followed shortly by the detailed analysis itself. Continue reading… Source…

China

Campbell’s denies 3D-printed chicken claim as it fires US executive

Food giant Campbell’s said on Wednesday it has fired an executive who was recorded making racist comments and mocking the company’s products and customers. Martin Bally, a vice-president in Campbell’s information security department, was named in a lawsuit filed last week by Robert Garza, a former Campbell’s employee who said he was fired January 30 after he reported Bally’s comments to a supervisor. The lawsuit was filed in Michigan, where both Garza and Bally live. Campbell’s is based in… Source link

World

Two Australian homes win top places in international 2025 Dezeen awards

A Dracula-inspired bathroom in Sydney and an outside-inside home in Melbourne claim interior design and architecture prizes Get our weekend culture and lifestyle email Point Piper in Sydney’s eastern suburbs is home to one of the best bathrooms in the world, according to the annual Dezeen awards, a global design accolade. Its dark, moody and luxurious interiors were partly inspired by Bram Stoker’s Dracula. Continue reading… Source link