Kyle Handley The US Supreme Court will soon decide whether the president can use the International Emergency Economic Powers Act (IEEPA) to impose tariffs on imports from dozens of countries. That law was never meant for this purpose. Congress passed it in 1977 to let presidents freeze assets or restrict transactions during genuine emergencies, not to create a standing tariff ...
Carmakers say Rachel Reeves’ plan to tax employee vehicle ownership schemes will backfire — cutting sales, jobs and Treasury revenue. Britain’s leading carmakers have warned that a Treasury plan to impose company car tax on employee car ownership schemes (Ecos) could cost the Exchequer £500 million in lost revenue and threaten thousands of manufacturing jobs. The Society of Motor Manufacturers ...
Sir Charlie Mayfield says ill-health is driving millions out of work, costing employers and the economy billions — but the problem is “not inevitable.” Britain is at risk of an “economic inactivity crisis” as the number of sick and disabled people out of work continues to rise, according to a government-commissioned review led by Sir Charlie Mayfield, the former John ...
Officials and liquidators are pursuing businesses behind 21 movies that sought nearly £16 million in incentives from a joint HMRC and British Film Institute scheme. Businesses controlled by prolific film producer Alan Latham — whose films have featured stars including Elizabeth Hurley, Kelsey Grammer, and Bill Nighy — are being investigated by HM Revenue & Customs (HMRC) amid questions over ...
Judgment in Getty Images v Stability AI seen as a setback for copyright owners as calls grow for new UK rules on AI training data A London-based artificial intelligence company has won a closely watched High Court case that tested whether AI developers can lawfully train their models using vast libraries of copyrighted material. Stability AI, whose board includes Avatar ...
Phoebe Gormley, founder of Savile Row’s first women’s tailoring house, launches Fit Collective — an AI-powered platform aiming to cut billions in clothing returns. The entrepreneur behind Gormley & Gamble, the first women’s tailoring business on London’s Savile Row, has raised £3 million for her new venture Fit Collective, a technology start-up using artificial intelligence to fix one of fashion’s ...
The number of Bitcoin millionaires has surged in the year since Donald Trump was confirmed as winner of the 2024 US presidential election, according to new on-chain data analysed by Finbold Research. Between November 2024 and November 2025, the number of Bitcoin (BTC) wallet addresses holding at least $1 million in BTC rose by 44,783, marking a 33.8 per cent ...
Michael Burry, the investor famed for predicting the 2007 subprime mortgage collapse and inspiring The Big Short, has wagered $1.1 billion against two of the world’s most prominent artificial intelligence stocks — Nvidia and Palantir Technologies. Regulatory filings show that Burry’s hedge fund, Scion Asset Management, has bought put options — which profit when prices fall — on one million ...
New York City socialist candidate Zohran Mamdani cruised to victory on Tuesday night, defying the laundry list of critics who railed against him over several high-profile controversial stances and statements. Communist label Mamdani dismissed the ‘communist’ label throughout the campaign, maintaining that he is a democratic socialist. His past comments promoting the abolition of private property, seizing the means of ...
Senate Democrats are trying to figure out their exit strategy from the ongoing government shutdown as lawmakers on both sides remain cautiously optimistic that the end is near. At hand are offers Senate Republicans have made since nearly the beginning of the shutdown, which crept into record-breaking territory Tuesday night. Among the options Senate Minority Leader Chuck Schumer, D-N.Y., and ...