Month: October 2023

UK lost out on £2bn in tax in 2021 as big tech shifted profits abroad, claim campaigners

TaxWatch analysis estimates British arms of seven major tech firms paid £750m in corporation tax instead of possible £2.8bn The UK might have missed out on as much as £2bn in tax in 2021 from big tech companies shifting their profits elsewhere, according to an estimate by a group campaigning for greater tax transparency. Seven …

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Billionaire space race: can Bezos’s Project Kuiper catch up to Musk’s Starlink?

As the world’s wealthiest men chest-thump in low-Earth orbit, others wonder how their mess will eventually be cleaned up You’re a mega-billionaire. You already own one of the world’s most influential social media platforms, and dominate more than half of the US electric car market. You are regularly named as one of the world’s most …

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Musk’s plan X: keep users in the dark, feed them dung and watch sales mushroom | John Naughton

The social network owner’s business model appears to include a slurry of unmoderated toxicity, such as footage of a murder At 4am a couple of weeks ago, Ryan Carson, a young activist for social justice, was sitting with his girlfriend at the B38 bus stop at Lafayette Avenue and Malcolm X Boulevard in New York. …

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Forza Motorsport review – an icy, luxuriant driving sim that honours raw V8 power

Microsoft; PC, XboxWith the spin-off series eclipsing Forza’s original game, Turn 10 has upped the ante with a return to Motorsport after six years that might even win over some Horizon fans What is a studio to do when their spin-off eclipses the original? That is where Turn 10 finds themselves in 2023, as it …

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Telegraph auction poses litmus test for value of newspapers in digital age

While falling sales suggest the demise of print, the industry has proved adaptable and remains attractive to media barons The imminent auction of the Telegraph is being viewed as a litmus test of the value of influential national newspaper titles in the era of increasingly digitally led profitability. Media barons and conglomerates, who have hung …

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‘Even in his wrinkled suit, I found him elegant’: Frédéric Murarotto’s best phone picture

It was the photographer’s birthday, and this image was a gift Frédéric Murarotto remembers the day he took this shot because it was his birthday. He was headed to a meeting via the Paris Métro and just ahead of him stood this man, waiting for the next train. “I was drawn to the way his …

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Caroline Ellison’s testimony against Sam Bankman-Fried: five key takeaways

The former Alameda CEO offered stunning testimony against her ex-boyfriend and failed crypto mogul being tried for fraud In the second week of FTX founder Sam Bankman-Fried’s crypto fraud trial, Manhattan federal prosecutors called their star witness to the stand: former Alameda Research CEO Caroline Ellison. She delivered stunning, detailed testimony against the failed crypto …

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Israel-Hamas war poses early disinformation test for Meta’s Threads

Young app seems to have few viral falsehoods, perhaps because it’s still small and used differently from competitors When Meta launched Threads, its Instagram-linked Twitter clone, in July, the company promised a kinder and friendlier experience than the divisive content and extremism that often dominate other social networks. Now, as social media users seek out …

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Microsoft’s $69bn deal to buy Call of Duty maker Activision Blizzard cleared by UK

Competition regulator had initially moved to block acquisition but concerns addressed The UK’s competition watchdog has cleared Microsoft’s $69bn (£54bn) deal to buy Activision Blizzard, the maker of games including Call of Duty and World of Warcraft, in a move that paves the way for both companies to complete the transaction. The Competition and Markets …

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