Thousands of British technology workers face soaring costs after Donald Trump confirmed plans to impose a $100,000 (£74,000) fee on specialist US visas. The dramatic increase applies to the H-1B visa, which is widely used by tech companies to hire foreign workers. Last year, 1,462 Britons received H-1B visas – more than any other European nation – while 985 have ...
Boohoo has warned suppliers that payments could be delayed as the fast-fashion group grapples with growing financial pressures. The retailer, which also trades as Debenhams, wrote to some suppliers saying it was “running behind on payments” and asked how much stock they could deliver in September without receiving further payment, according to an email seen by Business Matters. The warning ...
Amazon is shutting down all 19 of its Amazon Fresh grocery stores in the UK, putting around 250 jobs at risk as the company pivots towards online sales and expands its Whole Foods brand. The US retail giant confirmed it has launched a consultation process with employees, warning that while some staff may be redeployed elsewhere in the business, many ...
The UK is forecast to have the highest rate of inflation among the world’s richest economies this year, according to the Organisation for Economic Co-operation and Development (OECD). In its latest outlook, the OECD raised its prediction for UK inflation to 3.5% across 2025, up from a previous estimate of 3.1%, citing rising food prices and higher business costs. Although ...
Jurors in Fort Pierce, Florida, are expected to begin deliberations Tuesday on the federal criminal charges brought against Ryan Routh, the man accused of attempting to assassinate then-presidential candidate Donald Trump at his golf course in Florida last year. Routh, who has been representing himself in the federal criminal trial, ended his defense after less than a day on Monday. ...
President Donald Trump will highlight the ‘return of American strength’ in his second administration during his speech at the United Nations General Assembly Tuesday, while delivering ‘blunt’ and ‘tough talk’ about the ‘failures of globalism,’ a White House official told Fox News Digital. The president is scheduled to deliver his first address of his second administration at the UN General ...
In the end, Disney and ABC had absolutely no choice but to rehire Jimmy Kimmel. The reason the late-night host is returning to the air tonight is that this whole thing has been an utter PR debacle for ABC, and more personally for Disney chief Bob Iger, who even got whacked by his predecessor as CEO, Michael Eisner, accusing him ...
Tyl by NatWest has announced a new strategic partnership with akru, the cloud-based point-of-sale (POS) platform powered by Zonal, to deliver a fully integrated payments and POS solution for UK hospitality venues. Under the agreement, Tyl by NatWest becomes the preferred payments partner for akru, combining its secure, reliable payment processing with akru’s smart POS technology. The move is designed ...
Nvidia is set to invest up to $100bn in OpenAI and supply the ChatGPT-maker with advanced data centre chips, in one of the most significant partnerships yet in the global race to dominate artificial intelligence. The deal, announced Monday, will be structured as two interlinked transactions. OpenAI will pay Nvidia in cash for chips, while Nvidia will take non-controlling shares ...
Rachel Reeves is under pressure to overhaul the UK’s tax system after the Resolution Foundation urged her to cut employee national insurance contributions by 2p and offset it with an equivalent rise in income tax. The thinktank, which has close ties to senior Labour ministers, said the measure could raise an additional £6bn a year by spreading the tax burden ...