business
The Money Shop Shuts Because Everyone Hates it

427 staff serving in more than 100 branches of The Money Shop – which recently pivoted from payday loan provider to a more traditional classic pawnbroker operation – are facing redundancy, as the chain literally surrenders under the weight of negative public opinion. Read More >>

google
Facing Antitrust Pressure, Google Starts Spinning Its Own Too Big to Fail Argument

While billboards go up in Silicon Valley calling for the break-up of big tech, executives at Google and Facebook continue to argue that the massive scale of their companies is a key asset in the emerging tech cold war between the United States and China. Read More >>

business
G20 Countries Agree on Approach to Shut Down Big Tech’s Tax Loopholes

The group of 20 finance ministers meeting in Fukuoka, Japan reached a tentative agreement on Saturday to “compile common rules to close loopholes used by global tech giants” such as Amazon, Apple, Facebook, and Google, Reuters reported—with a particular focus on reducing the practice by some companies of routing profits through countries that offer rock-bottom corporate tax rates, like Ireland and Luxembourg. Read More >>

business
Mike Ashley Pops Out to Buy a Game

Not just any old game, not just the new shooting one or the new driving one, but the entire chain of shops operated by Game Digital. He'll then be able to waltz in and order staff to hand over any game he likes. Read More >>

uber
Uber Lit £791 Million on Fire Last Quarter Because That’s What Uber Does

In its first earnings as a public company, Uber posted losses of $1 billion (£791 million) over the previous quarter, more or less matching investor expectations, because sending the GDP of Vanuatu off a cliff every three months is Uber’s current business model, more or less. Read More >>

food
Jamie Oliver’s Restaurants Plunged into Fryer of Administration

Celebrity chef Jamie Oliver's celebrity businessman credentials are about to be called into question, as the company that operates all of his high street restaurant brands has called in the administrators. It's the global finance equivalent of doing a runner without paying. Read More >>

news
Poo-Testing Startup Founder Allegedly Lied About Her Age, Just About Everything Else

The founder of uBiome, an embattled startup claiming to employ “machine learning, artificial intelligence, and advanced statistical techniques” and probably a few other buzzwords to assess gut health, repeatedly misrepresented her actual age, Business Insider reports, landing her on several minimally-prestigious lists of influential young people. Read More >>

apple
A Looming US-China Trade War Means Either Apple’s Stock Will Drop or iPhone Prices Will Rise

You’ve likely heard about the intense conversations between the United States and China over tariffs. The US government has been inconsistent, thus far, on what affects a trade war could have on the average person, and the stock market—which loves consistency—has taken a beating with all the rumours and speculation. However, at least one thing is clear: Apple phones are going to get more expensive, especially in the US. Read More >>

business
Mr Richer Gives Richer Sounds to its Employees

Julian Richer is 60 years old now, so he's decided to pack away his loud toys and become a man. Or go on more cruises perhaps, as he's handed over control of his business – the eponymous Richer Sounds tech empire – to each and every one of the company's 531 staff. Read More >>

business
Telecom Giant Orange on Trial in France After 19 Employees Died by Suicide

Orange, a French telecom giant, is being sued for moral harassment, among other charges, after 19 employees died by suicide and another 12 attempted to kill themselves over a three-year span. Over 100 people have claimed work culture at the company contributed to employees’ mental health issues. Read More >>

money
1p and 2p Coins are Here to Stay

After Philip Hammond floated a proposal in the 2018 Spring Statement that would scrap 1p and 2p coins for being too hard to store, the Treasury faced backlash from groups claiming that millions of people in the UK still relied on cash as their main spending method. Read More >>

business
The Sainsbury/Asda Takeover is Off

The mega-merger between supermarket giants Sainsbury and Asda has been killed off by the UK's competition watchdog, which says creating such a grocery monster would undermine competition when it comes to us lot deciding where to buy our cheese and chocolate chip cookies from. Read More >>

business
Microsoft and GitHub Workers Take a Stand Against Grueling, Inhumane ‘996’ Culture in China

For tech workers in China, a brutal work schedule of 9am to 9pm, 6 days a week (usually just called "996") is not only commonplace, it’s been hailed as “a huge blessing” by the likes of Alibaba’s eccentric and fantastically wealthy taskmaster, Jack Ma. Read More >>

business
Swatch Wins Rights to Trademark That Definitely Doesn’t Resemble One of Apple’s Most Famous Slogans

The Apple Watch might have taken a big bite out of The Swatch Group’s market share, which owns luxury timepiece brands like Tissot and Omega. But the Switzerland-based company recently countered with a small victory over Apple when a Swiss court ruled in Swatch’s favour over the use of its “Tick different” slogan; which is similar to Apple’s memorable “Think Different” advertising campaign. Read More >>

business
Johnson & Johnson Hit With £22.4 Million Verdict Over Its Talc Products

A woman who alleged that Johnson & Johnson products containing talcum powder were linked to her mesothelioma was awarded millions by a jury in the US, Reuters reported Wednesday. The verdict follows a nine-week trial that began shortly after the start of the year. Read More >>