Amazon and Microsoft are facing a referral to the UK’s competition regulator over allegedly harming competition in the online cloud services market, amid “significant concerns” that big tech companies are abusing their positions.
Category: News
The latest news affecting small and medium sized (SME) businesses in the UK
‘Realistic’ sellers cut house asking prices by £14,000
People who are accepting discounts when selling their houses are selling properties with reductions of 4 per cent, or £14,000 on average.
Lloyds will not delay closures of last banks in town
Lloyds has become the only leading high street bank to say it will not delay the closure of any remaining last branches in towns until a replacement banking hub is ready.
Cornwall Spaceport launches explanation plans despite Virgin Orbit setback
Spaceport Cornwall is pressing ahead with the expansion of its “cluster” of space-related firms in Newquay and aims to see launches resume next year, with officials “stepping up talks” with other rocket firms.
Salcombe house prices rise to £1.2m as it becomes priciest seaside town
Salcombe in Devon, nicknamed Chelsea-on-Sea by locals, has overtaken Sandbanks in Dorset as the most expensive seaside town for homebuyers in Britain.
Google faces new multi-billion advertising lawsuit
A lawsuit has been filed against Google to seek £3.4bn ($4.2bn) in compensation for publishers for lost revenue.
CBI business group faces new sexual misconduct claims
An investigation into sexual misconduct at one of Britain’s biggest business lobby groups has been widened after new allegations have emerged.
TikTok fined £12.7m for misusing children’s data
TikTok has been fined £12.7m for failing to protect the privacy of children, the UK’s data watchdog has said.
Richard Branson’s rocket firm Virgin Orbit files for bankruptcy
Sir Richard Branson’s rocket company Virgin Orbit has filed for bankruptcy in the US after failing to secure new investment.
Lord Sugar enjoys payout after selling stake in The Apprentice star’s business
Lord Sugar has enjoyed a multi-million pound pay-out after selling his stake in a skincare business run by a former contestant on The Apprentice.
Multi-tasking and burnt-out, but working Brits are sleeping more than they did in the 1970s
Women are working an average of 13 per cent longer hours compared to the 1970s, while men’s working hours dropped by an average of two per cent, a think tank report has found.
British manufacturing still in a slump even as headwinds ease
The slump in the UK’s manufacturing sector deepened last month, with output levels worse than expected despite a decline in inflationary pressures.
Pub bodies warn of ‘Worse than the pandemic situation’ and closures as energy bills relief scheme ends
Hospitality bodies have warned that business failure is worse now than it was during the pandemic as the sector braces itself for the first month of trading following the end of the government’s energy bill relief scheme.
Paris bans e-scooters after mini referendum, could London be next?
Parisians have overwhelmingly voted to banish for-hire e-scooters from the streets of the French capital, in a mini-referendum the mayor said sent a “very clear message”.
Passport workers start five week strike as Brits fear disruption to holiday plans
Passport Office workers are beginning a five-week strike in the increasingly bitter civil service dispute over jobs, pay, pensions and conditions.
