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Advocacy group Tax Justice Network has ranked the British Virgin Islands, followed by the Cayman Islands and Bermuda as "most complicit" in helping corporations underpay corporate income tax. Traffic_analyzer | Digitalvision Vectors | Getty ImagesBritish overseas territories are the world's top enablers of corporate tax abuse, according to a ranking by tax advocacy group Tax Justice Network. The British Virgin Islands is the territory "most complicit" in helping multinational corporations underpay corporate income tax, followed by the Cayman Islands and Bermuda, according to the latest update to TJN's Corporate Tax Haven Index earlier this month. TJN estimates that the UK and its British tax havens cost other countries an estimated $84 billion in corporate taxes annually. Defending themselves against the charges made by the advocacy group, spokespersons from some of the governments said they were in full compliance with international tax standards set by the Organisation for Economic Co-operation and Development.
Persons: FCDO, Broad, TJN, pushback Organizations: Tax, Network, Getty Images, Tax Justice Network, Corporate, TJN, CNBC, Switzerland, Organisation for Economic Co, Development, British, Foreign, Commonwealth, Development Office, OECD, CRS, Crown Dependencies, Overseas, BVI Finance, British Virgin Islands, UK Government, United Nations, UN Locations: British Virgin Islands, Cayman Islands, Bermuda, British, Singapore , Hong Kong, Netherlands, United Kingdom, Jersey, Overseas Territories, British Virgin, U.S, Australia, Canada, Israel, Japan, New Zealand, South Korea
CNN —The United States has warned Israel it may stop supplying the country with weapons unless the humanitarian situation in Gaza improves. This is not the first time Israel’s major ally has threatened to turn off supplies. Here’s a breakdown of who supplies Israel with weapons:The United States:The United States is overwhelmingly the biggest supplier of arms to Israel. In 2023 69% of Israel’s arm imports came from the US, according to a report into international arms transfers by the Stockholm International Peace Research Institute (SIPRI). Germany:While in 2023, Germany contributed 30% of Israel’s weapons, that supply has significantly reduced over the course of 2024.
Persons: Joe Biden, Benjamin Netanyahu, Hassan Nasrallah, Olaf Scholz, Kay Nietfeld, Israel “, Antonio Tajani, SIPRI, David Lammy, Gil Cohen, Pedro Sanchez, , , Emmanuel Macron, Macron, CNN’s Mia Alberti, Christian Edwards, Inke Kappeler Organizations: CNN, United, Stockholm International Peace Research Institute, US State Department, Foreign Military, International Court, Justice, Bundestag, Pagella, Labour, MIM, Magen, Getty, Spanish Ministry of Foreign Affairs, European Union and Cooperation, Israel, Spanish, International Court of Justice Locations: United States, Israel, Gaza, Rafah, Stockholm, Germany, Italy, France, Spain, Beirut, Nicaragua, Nazi, United Kingdom, AFP, Lebanon
It exposed me to the amount of tech talent in the region. I felt guilty about leaving my team behind, but I'm determined to keep platforming tech talent in Lebanon and support the people who want to keep working. Many people don't know Lebanon has a vibrant tech sceneIn recent years, the tech sector in Lebanon has been booming. On multiple occasions, I'd leave Beirut to stay with friends in the mountains during the night. AdvertisementI didn't want to leave Lebanon and my team, but the UK government were urging British nationals to leave.
Persons: Laura Jardine Paterson, , I'd, I've, we've, there'd, there's, Paterson, I'm, They've Organizations: Service, Tech, Business Locations: Lebanon, London, Palestinian, Syrian, Europe, Syria, Egypt, Jordan, UAE, Beirut, Israel, Southern Lebanon
London CNN —Former Scottish First Minister Alex Salmond has died at 69, according to statements from Scotland’s main political parties and UK media reports. Salmond was taken ill while in North Macedonia, collapsing after delivering a speech on Saturday, according to British media reports. For many years he was the father of the nation and for several years he has been a father-like figure to me. British Prime Minister Keir Starmer said: “For more than 30 years, Alex Salmond was a monumental figure of Scottish and UK politics. After losing his seat in parliament, Salmond remained a major figure in both Scottish and British politics, working as a commentator and hosting the Alex Salmond Show on Russian state broadcaster RT.
Persons: Alex Salmond, Salmond, , Alex, Alex Salmond’s Alba, Chris McEleny, Keir Starmer, ” Salmond, Nicola Sturgeon, Alex Salmond’s, , Anas Sarwar, “ Alex Organizations: London CNN — Former Scottish, Scotland, British, Scottish, First, Alba Party, RT, Bute House, Daily, Scottish Labour, Scottish National Party, CNN Locations: North Macedonia, Scotland, British, Bute, Scottish
Washington CNN —The Justice Department and Microsoft on Thursday announced the seizure of more than 100 web domains that a Russian intelligence agency allegedly used to try to hack current and former US officials, civil-society groups and Russians living in the US. It’s the latest in a series of moves from the Justice Department to expose alleged covert Russian operations targeting US democracy in the runup to the 2024 presidential election. The UK government last year accused the same Russian hacking group of conducting a “sustained unsuccessful attempts to interfere in UK political processes” over several years that hacked politicians, civil servants and journalists. The hackers operate on behalf of Russia’s FSB intelligence agency, the prime successor to the Soviet-era KGB, according to US officials. Another FSB-linked hacking group has posed a direct threat to US critical infrastructure by targeting energy facilities, according to US officials.
Persons: Steven Masada, , , John Scott, Natalia Krapiva Organizations: Washington CNN, The Justice Department, Microsoft, Justice Department, CNN, FSB, University of Toronto’s, Russian Embassy Locations: Russian, Ukraine, United Kingdom, Eastern Europe, United States, Washington ,
CNN —Britain’s last coal-fired power plant will close on Monday, ending 142 years of coal-generated electricity in the nation that sparked the Industrial Revolution. The Ratcliffe-on-Soar station in central England is to finish its final shift at midnight, after more than half a century of turning coal into power. The UK government hailed the closure as a milestone in efforts to generate all of Britain’s energy from renewable sources by 2030. We owe generations a debt of gratitude as a country.”An aerial view of the Ratcliffe-on-Soar Power Station emitting steam on January 10, 2024 in Nottingham, England. An archive image dated to 1964 of Ratcliffe-on-Soar Power Station under construction.
Persons: CNN —, Ratcliffe, Uniper, Michael Shanks, Christopher Furlong, , Thomas Edison’s, Dhara Vyas, ” Vyas Organizations: CNN, Britain, Energy, Thomas Edison’s Edison, National Grid Locations: Soar, England, Sweden, Belgium, Nottingham, London, Uniper
CNN —Two climate activists in their early 20s were sentenced to prison by a London court Friday for throwing soup over Vincent Van Gogh’s “Sunflowers” painting during a protest against fossil fuels. Phoebe Plummer, 23, and Anna Holland, 22, from the protest group Just Stop Oil were imprisoned for two years, and 20 months, respectively, according to PA Media. 🚨 BREAKING: 2 VAN GOGH PAINTINGS SOUPED HOURS AFTER PHOEBE AND ANNA SENTENCED🥫 3 Just Stop Oil supporters have thrown soup over 2 of Van Gogh paintings in the 'Poets and Lovers' exhibition at the National Gallery. Hehir is the same judge who recently handed yearslong prison terms to five climate activists for their roles in disruptive protests. All were from Just Stop Oil or its allied group, Extinction Rebellion.
Persons: Vincent Van Gogh’s, Phoebe Plummer, Anna Holland, Van Gogh Organizations: CNN, PA Media, Oil, Gallery
Researchers at Aston University in England estimated that between 2021 and 2023, annual UK exports of goods to the EU were 17% lower than they would have been had Brexit never happened. Exports in most sectors have decreased since 2021, according to the report. “The UK-EU trade relationship remains crucial for both parties,” Tuesday’s report said, adding that the relationship “underpins” economic stability and growth. According to the study’s lead author, Professor Jun Du, the post-Brexit trade deal has “introduced substantial barriers” to UK-EU trade. The report is the latest piece of research to highlight the negative effects Brexit has had on the UK economy.
Persons: London CNN — Brexit, , Keir Starmer, , Jun Du, ” Du, Brexit, Sophie Hale, , Olesya Dmitracova Organizations: London CNN, European Union, Aston University, Labour, EU, Locations: United Kingdom, England, EU,
London CNN —Harland & Wolff, the 163-year-old firm that built the Titanic, has declared itself insolvent after failing to secure funding to continue trading. The Titanic under construction at a Harland & Wolff shipyard in Belfast. Krista Few/Corbis/Getty ImagesThis is not the first time that Harland & Wolff has prepared for bankruptcy. Last year, Harland & Wolff, which completed the Titanic in 1912, delivered its first finished vessel from its historic Belfast site in two decades. Activity on the Islandmagee project will also continue as normal, Harland & Wolff said.
Persons: London CNN — Harland, Wolff, Harland, , , Russell Downs, Krista Few, Harland & Wolff, Matt Roberts, GMB Organizations: London CNN —, Administration, UK Export Finance, Belfast, Harland, Storage, , UK’s Ministry of Defence Locations: United Kingdom, , Belfast, British, Northern Ireland, Scotland
Russia announced the expulsions hours before British Prime Minister Keir Starmer met U.S. President Joe Biden at the White House, a crucial step towards winning the go-ahead for Kyiv to use long-range missiles against targets in Russia. Neither Biden nor Starmer addressed long-range missiles in brief comments in front of reporters. Sources say the meeting is another step in talks to allow Ukraine to use Western long-range missiles against targets in Russia, something Ukrainian President Volodymyr Zelenskyy has been demanding for months. The six UK diplomats were named on Russian state TV, which also showed photographs of them. The FSB said Russia would ask other British diplomats to go home early if they were found to be engaged in similar activity.
Persons: Keir Starmer, Joe Biden, , ” Biden, Starmer, Biden, ” Starmer, Vladimir Putin, Putin, , Volodymyr Zelenskyy, John Kirby, Kirby, Maria Zakharova, ” Zakharova Organizations: British, White, Ukraine, FSB, Soviet KGB, Russian Federation, Federal Security Service, Ministry of Foreign Affairs of Russia, British Embassy, British Foreign, Biden, United Nations General Assembly, House, The New York Times, Russian Foreign Ministry Locations: Moscow, Ukraine, Britain, Russia, Kyiv, United States, Russian, Western, Washington, London, Iran, Soviet, British, Eastern Europe, Central Asia, Europe, Vienna
Just Stop OilThe laws were purpose-built to target protest groups like Just Stop Oil. ExxonMobil told CNN that they do not currently fund Policy Exchange or American Friends of Policy Exchange, but did not answer questions about past funding. The UK’s lengthy jail terms stand out globally, but the creeping clampdown on disruptive climate protest is also happening elsewhere. Leon Neal/Getty ImagesThe Just Stop Oil case amplifies the near erasure of legal defenses available to protesters who take part in disruptive demonstrations. The same report compared Just Stop Oil to “terror groups” and recommended their actions be banned.
Persons: Cressie Gethin, , — Louise Lancaster, Daniel Shaw, Lucia Whittaker, Abreu, Roger Hallam, , ” —, ” Gethin, Michael Forst, “ ’, ’ ” Cressida Gethin, Jodie Beck, Toby Melville, Rishi Sunak, ” Sunak, Gethin, , ALEC, Exxon’s, Stephanie Keith, UN’s Forst, Leon Neal, ” Tim Crosland, — Lord Walney, John Woodcock —, Israel . Woodcock, Henry Nicholls, Beck, ” Beck, she’s Organizations: London CNN, Prosecutors, CNN, HMP, Airport, Big Oil, Conservative, International Energy Agency, Labour, London, Police, Amnesty International, Liberty, Stop, ExxonMobil, Exchange, Atlas Network, of Policy, London Metropolitan Police, Met Police, Global, US Civil Rights, Climate Rights International, International Center, Profit, Dakota Access Pipeline, American Legislative Exchange Council, Chevron, Energy, Center for Media, Democracy, Dakota, Pipeline, Oil, Palestine, British, Reuters Locations: North, London, HMP Bronzefield, London’s, , US, Germany, France, Australia, Mandan , North Dakota, United Kingdom, Israel, England, Northern Ireland
CNN —European travelers visiting the UK without a visa will soon be required to pay a £10 (around $13) waiver fee. This will be extended to include most other nationals, including those from the US but excluding Europeans, in November. By next spring, the program will be expanded again to incorporate European nationals. Jordanian nationals can no longer apply for an ETA to enter the UK, according to the UK government website. Meanwhile, the roll out of the European Union’s ETIAS, valid for three years, which will cost travelers 7 euros (about $7.50,) has been postponed to 2025.
Persons: Yvette Cooper, ” Cooper Organizations: CNN, Qatar, European Union, UK, United Locations: Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, United Arab Emirates, United States
London CNN —Local governments across England, Scotland and Wales face a £4.3 billion ($5.6 billion) hole in their finances in the coming year, according to a new report. Many of Britain’s local governments have faced chronic funding shortfalls over the past decade, partly as a result of deep cuts to funds from the central government in the 2010s. “Councils are teetering on the brink of financial disaster,” Unison general secretary Christina McAnea said in a statement. The number of public toilets dropped by 1,629 over the same period, and the number of council-run libraries fell by 1,376, according to Unison. Giving examples of further cuts to come, Unison said Shropshire Council in the West Midlands region of England plans to slashup to 540 jobs.
Persons: Keir Starmer, “ We’re, , , Christina McAnea, David Phillips Organizations: London CNN — Local, Wales, United, Labour, Unison, Institute for Fiscal Studies, Britain …, Shropshire Council, Derbyshire County Council, Council Locations: England, Scotland, Birmingham, London, Britain, Shropshire, West Midlands, slashup, Derbyshire, East Midlands, Hampshire
Related storiesMushroom coffeeAlam drinks coffee containing lion's mane mushroom extract each morning. Alam started taking lion's mane to help him cut down on coffee. Whether this is down to the lion's mane is unclear — there isn't much research on the impact of the mushroom on energy levels or sluggishness. In the US, about 35% of adults have vitamin D deficiency, according to Cleveland Clinic. It's up to the individual to decide whether to take vitamin D supplements, but, like zinc, they are unlikely to cause harm when taken in safe amounts, Alam said.
Persons: , Venus Williams, LeBron James, Arnold Schwarzenegger, Zalan Alam, Alam, Michelle Lee Organizations: Service, Business, BI, Cleveland Clinic
London CNN —Social media has played a big role in fueling the anti-immigration riots engulfing towns and cities in the United Kingdom. Musk later apologized for what he called his “dumbest” ever social media post. The UK government this week vowed to prosecute “online criminality” and has pushed social media companies to take action against the spread of false information. “Social media has put rocket boosters under… not just the misinformation but the encouragement of violence,” UK Home Secretary Yvette Cooper said Monday. It is unclear that the UK government has the tools to hold social media platforms accountable for their role in the riots.
Persons: Elon Musk, Tesla, , , Axel Rudakubana, ” Isabelle Frances, Wright, Musk, White, dumbest, Tommy Robinson, Yvette Cooper, Keir Starmer, Peter Kyle, Rob Picheta, Lauren Kent Organizations: London CNN — Social, Institute for Strategic, IDS, CNN, BBC Radio, Facebook, Meta, Ofcom Locations: United Kingdom, , England, Israel, Gaza
"A lot of these individuals had been deplatformed, so they wouldn't have had an opportunity to amplify," Van der Linden said. Musk has also claimed that the UK police's response "does seem onesided" — a viewpoint commonly promoted by far-right activists. Van der Linden said Musk might be being radicalized by his own platform. Musk's echo chamber on X is increasingly conspiratorial, Van der Linden added. Representatives for X did not immediately respond to a request for comment from Business Insider, made outside normal working hours.
Persons: , Axel Muganwa Rudakubana, Elon Musk's, Ali Al, Shakati —, Taylor Swift, Andrew Tate, Sander van der, Tommy Robinson, Stephen Yaxley, Lennon, Tate, Musk, Van der Linden, Downing, Kier Starmer, he's, he's radicalizing Organizations: Service, Business, Facebook, The, University of Cambridge, Twitter, Prime Locations: Britain, South Yorkshire, Cardiff , Wales, Southport, Liverpool, London, Sander van der Linden, Soviet Union
London CNN —Far-right riots swept Britain over the weekend, with outbreaks of anti-immigrant violence in a number of cities and towns, leaving the new UK government scrambling to control the worst disorder in more than a decade. Throughout Friday, Saturday and Sunday, violent protesters congregated in city and town centers across the UK, many of them apparently intent on clashing with police and causing havoc. The gatherings ostensibly started as anti-immigration marches, organized on social media platforms like X and on WhatsApp and Telegram groups. Violence also took place in Sunderland, Middlesbrough, Stoke-on-Trent and several more cities, mostly across the Midlands and north of England. The man in charge of bringing those offenders to justice was Keir Starmer, then Britain’s Director of Public Prosecutions.
Persons: Keir Starmer, , , Constable Lindsey Butterfield, Owen Humphreys, we’ve, ” Starmer, Christopher Furlong, Nigel Farage, Priti Patel, Diane Abbott, Britain’s, Elon, Tommy Robinson, Joe Mulhall, Robinson, Peter Powell, Musk, , Starmer, underfunding Organizations: London CNN, Labour Party, Protesters, Rotherham, South Yorkshire Police, Middlesbrough, Stoke, Trent, Office, National Police Chiefs ’ Council, , Downing, Police, . Police, Reform, Conservative Party, Farage, Conservative, CNN, Getty, Public Prosecutions, British Ministry of Justice, State, Justice, PA Media Locations: Britain, Southport, England, WhatsApp, Rotherham, Tamworth, Midlands, Middlesbrough, Sunderland, United Kingdom, Manchester, AFP, , British, London, gridlock, Wales, Afghanistan
The UK is bracing for a new wave of protests on Sunday, after a stabbing attack in northwest England this week sparked disorder fueled by the far right. David Young/PA WireThere have been discussions to bring in the army to assist police, but currently “there is no need to bring in the army,” Johnson said. “The police have made it very clear that they have all the resources they need at the moment. There’s mutual aid, as I’ve just described, and they have the powers that they need.”Several UK cities saw violent protests on Saturday. UK Home Secretary Yvette Cooper denounced the incidents of public disorder and unrest on Saturday and said “thuggery” won’t be tolerated.
Persons: Dame Diana Johnson, Keir Starmer, “ We’ve, ” Johnson, David Young, , Yvette Cooper, Taylor Swift, Jonathan McCambridge, Joe Mulhall, , Mulhall, Stephen Lennon, a.k.a, Tommy Robinson, Elon Musk, Organizations: CNN, BBC, Labour, Belfast City Hall, PA Media, Southport, Research, Hope, Elon Locations: England, Belfast, Liverpool, Southport, Welsh, Cardiff
And, fittingly, in the first full year of his reign, the British monarchy introduced a slew of measures to tackle its rising carbon emissions. The King’s two Bentleys will also be modified within the next year to run on biofuel, according to Britain’s PA Media. The Royal Household aims to transition to an “almost fully electric” fleet of vehicles eventually, the accounts said, without providing a target date. Whether biofuels used for vehicles reduce carbon emissions is contentious and depends on many factors, including their source. Crown Estate profits soared in the 2023-24 financial year to a record £1.1 billion ($1.4 billion), boosted by revenue from offshore wind projects.
Persons: London CNN — King Charles III, Prince Harry, Meghan, , Charles ’, Sovereign Grant —, Sovereign Grant, Angela Dewan Organizations: London CNN, Royal, Windsor Castle, Britain’s, Media, Royal Household, SAF, Sandringham Estate, Sovereign, Northern Ireland — Locations: British, Windsor, Windsor Castle —, Sandringham, United States, London, England, Wales, Northern Ireland
CNN —Five activists of the Just Stop Oil environmental campaign have been handed prison sentences for their involvement in organizing protests that blocked a major London highway in 2022, PA media reported, sparking a wave of criticism from climate advocates. Hallam was sentenced to five years’ imprisonment while the remaining four defendants were each handed four years in prison each. ‘Obscene perversion of justice’The sentences have drawn criticism from environmental agencies and scientists. The judge’s characterisation of climate breakdown as a matter of opinion and belief is completely nonsensical and demonstrates extraordinary ignorance. The judge’s characterisation of climate breakdown as a matter of opinion and belief is completely nonsensical and demonstrates extraordinary ignorance.
Persons: Roger Hallam, Daniel Shaw, Louise Lancaster, Lucia Whittaker De Abreu, Cressida Gethin, Christopher Hehir, Hallam, , , Jocelyn Ledward KC, Bill McGuire, Amy Cameron, Sir David King Organizations: CNN —, Prosecutors, Metropolitan Police, University College London, Greenpeace UK’s, Geophysical Locations: London
Tax-free shopping for tourists has been axed, and EU visitors now need a passport to visit, which most don’t have. Matt Cardy/Getty ImagesAs a result of Brexit, in 2021 the UK government abolished tax-free shopping for non-EU citizens. It means the UK is now the only European country not offering tax-free shopping to visitors from outside the continent. “The impact of losing tax-free shopping is clear to see,” says Dee Corsi, chief executive of the NWEC. “Whilst the likes of Italy and France are actively leveraging tax-free shopping as a driver of growth, British businesses continue to trade at a disadvantage.
Persons: CNN —, Rishi Sunak, what’s, JC Milhet, Hans Lucas, Tom Jenkins, , , ” Patricia Yates, Kayla Zeigner, Marcy Zyonse, We’ve, , Yates, ” There’s, Zeigler, Zyonse, , Owen Humphreys, VisitBritain, That’s, she’s, Keir Starmer, VisitBritain's Yates, Phil Noble, ” “, Marcus Lee, hasn’t, Matt Cardy, Dee Corsi, Jenkins, “ It’ll, King Charles, John Sibley, London “, Mia, ” She’ll, Britain Organizations: CNN, UK’s Labour Party, Conservative, Labour, Getty, European Tourism Organisation, VisitBritain, Destination, Tourism, New, London, , UK, , China Travel, Visitors, West End Company Locations: Britain, Italy, Luxembourg, London, AFP, Europe, Caribbean, Greece, Lake, Ireland, It’s, Spain, France, New York,
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailJD Wetherspoon Chairman says UK government has been 'dire in understanding what makes business tick'Tim Martin, chair of JD Wetherspoon, talks about the potential impact of a new government for the hospitality sector.
Persons: Tim Martin, JD Wetherspoon
Rachel Wells, 24, is fairly new to being fully self-employed after a contract job got cut short and a tough job search. Wells is a career coach under her business, Rachel Wells Coaching, and writes articles as a Forbes contributor, among other self-employed income streams. Why one should have multiple income sourcesWells finds it important to diversify income sources regardless of who employs you — whether working for yourself or an employer. Wells also finds your income streams can be in the same type of work. "Never be so comfortable and cushy within your role that you don't seek to develop yourself outside of the job," Wells said.
Persons: Rachel Wells, Wells, I've, she's, Wells doesn't Organizations: Service, Business, Forbes, YouTube
He completed several years of training before heading off to work on offshore oil rigs. Moray West Offshore Wind Farm – Ocean WindsHe made the jump at a good time. Moray West Offshore Wind Farm — Ocean Winds. Mitchell said he'd been able to advance his career in the wind industry a lot faster than in oil and gas. "With offshore wind, there's always new sites going up, and they need so much personnel.
Persons: Shaun Mitchell, Halliburton, Shaun Mitchell wasn't, Mitchell, You'd, you'd, Vestas, Engie that's, He's, it's, he'd, It's Organizations: Service, Halliburton, North East Scotland College, Bloomberg, EDP Renewables, Engie Locations: Scotland, Thailand , New Zealand, Australia, Sydney, Aberdeen, Aberdeen Bay, Moray, Scotland —, China, Britain, Brazil, Colombia, Egypt, India, Japan, Kenya, South Korea, Vestas
Two climate protesters were arrested for spraying orange powder paint on Stonehenge. The protesters were part of Just Stop Oil, a group demanding that the UK phase out fossil fuels. English Heritage, which manages Stonehenge, criticized the vandalism but said the site is open. Sign up for our newsletter to get the latest on the culture & business of sustainability — delivered weekly to your inbox. Just Stop Oil is demanding that the incoming UK government commit to ending the extraction and burning of oil, gas, and coal by 2030.
Organizations: Service, Business Locations: Wiltshire, England
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