Toys R Bust: All UK Toys R Us Stores Expected to Close

It's bad news for anyone with nostalgic feelings about Toys R Us. It's now expected that the company will be closing its 100 UK stores after ending up in administration and being unable to find a buyer. Read More >>

The Chancellor is Threatening Tech Companies With New Tax Rules

If there's one thing everyone can agree on, it's that big companies are excellent at paying as little tax as possible. Whether that means allegedly currying special tax deals from governments, fudging the books so they only pay significant tax in countries with deliberately low rates of corporation tax, and so on. Phillip Hammond, Chancellor of the Exchequer, brought this topic up again in his Spring statement, promising to do more to ensure big tech companies pay an appropriate amount of tax. Read More >>

MIT Receives Millions to Build Fusion Power Plant Within 15 Years

Nuclear fusion is like a way-more-efficient version of solar power—except instead of harnessing energy from the rays of a distant sun, scientists create miniature suns in power plants here on Earth. It would be vastly more efficient and much cleaner than current methods of energy production. The main issue is that actually realising fusion power has been really difficult. Read More >>

Apple Details Alarming Labour Issues In Latest Supply Chain Report

Apple released its annual Supplier Responsibility Progress Report on Wednesday, detailing the ways in which the company is trying to improve the state of its supply chain. It’s an important practice given Apple has come under fire in the not-so-distant past for its factory workers’ hellish working conditions. Read More >>

Travis Kalanick Is Going to Be an Investment Fund Guy Now

Uber founder Travis Kalanick, who was forced out of his CEO role last year amid widening scandals about its toxic work culture, legal troubles, and a video of him screaming at a bankrupt driver, seems an awful lot like he’s finally admitting defeat in the unending slew of backroom drama that plagued the company in his wake. Read More >>

Maplin Joins Toys R Us in Going Full Woolworths

Two UK high street names have called in the administrators on the same day, with Toys R Us officially now in the hands of the accountants and Maplin joining the toy chain in admitting defeat and throwing in the Samsung-branded smart-towel. Read More >>

Cashier-Less Shopping Startup Takes Aim at Amazon Go With System ‘Orders of Magnitude Bigger’

Amazon is on a mission to redefine the brick and mortar businesses that it disrupted out of existence. With its Amazon Go convenience store, Amazon is pioneering locations with no checkout lines. But innovators spawn imitators and an emerging startup thinks it can retrofit any store with its AI-powered item tracking system starting next year. Read More >>

Toys R Us Enters Administration

It's been a tumultuous few months for Toys R Us. First, the US side of the company filed for bankruptcy in September last year. Two months later, the toy giant announced that 26 branches in the UK would be closing. A week after that, the whole chain nearly went — but a last minute deal saved it. Then, earlier this month the whole UK side of the business was put up for sale. And now, the store has gone into administration. Read More >>

Why Scientists Taught Monkeys to Associate Brand Logos With Genitals

Humans assign value to brands. Brands represent wealth, strength, and yes, sex. We are our brands. And for some rhesus macaques in a lab, one brand, Adidas, represents monkey genitalia. Read More >>

Government Plans New Tax to Catch the Internet Giants

The offshore titans that rinse the UK population for all of its money then book it through Luxembourg, Ireland, Laos or the International Space Station or whatever they do, might be about to trigger a reworking of the tax laws specifically to stop the annual outrage at how little corporation tax these firms pay. Read More >>

Uber’s Blowing Through Billions Faster Than Ever, Which Is All According to Plan

Uber is huge and blowing lots of cash to stay huge. Finance reports revealed to investors show the ride sharing titan lost $4.5 billion (£3.2 billion) in 2017, its annus horribilis that began with accusations of heinous sexism and ended with bombshell revelations about a dubiously legal network of spies. Co-founder and CEO Travis Kalanick was replaced by Dara Khosrowshahi, who promises a kinder, gentler Uber in 2018. Read More >>

Samsung’s Heir-Apparent Has Been Released From Prison by an Appeals Court

Back in August news broke that Lee Jae-yong, billionaire heir-apparent to the Samsung corporation, had been found guilty of charges involving corruption and sentenced to five years in prison. Lee had been arrested just under 12 months ago, and had continued to deny the charges brought against him. Now he's been freed, thanks to a South Korean court of appeals. Read More >>

Coca-Cola Spends £759,000 Rebranding Iced Tea That Sounds Like Vulgar Word for Genitals in Europe

Last month, Coca-Cola announced that it was bringing its billion-dollar tea brand, Fuze Tea, to 37 countries in Europe. The only problem is that “fuze” doesn’t mean what they might have liked it to in German-speaking Switzerland. Read More >>

Ministry of Defence Says No to Lakes Zip Wires

Those arguing against plans to erect a zip wire ride in the Lake District have had a powerful ally join the team, with the Ministry of Defence lodging an objection against the scheme on the grounds that it could cause a risk to low-flying pilots training in the area. Read More >>

Apple Successfully Avoids $50 Billion in American Taxes

Apple, the world’s most valuable company, has always proudly trumpeted its California roots. But the most American of all tech companies has never been a fan of paying back into the system that facilitated its success. On Wednesday, it announced that now that the US government has sufficiently capitulated on corporate tax rates, it will pay a fraction of the taxes it previously would have owed. Read More >>