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George Osborne says UK has been left behind in cryptocurrency boom
Ex-chancellor criticises hesitant approach to crypto and warns country in danger of missing next surge in market Business live – latest updates The UK has been left behind in the cryptocurrency boom and is in danger of missing a second wave of demand, according to the former chancellor George Osborne. Osborne, who has an advisory…
Apple quietens Wall Street’s fears of China struggles and slow AI progress
Tech giant sees double-digit revenue rise, with huge gains in iPhone sales, despite stock-price drop and looming tariffs Apple has been under pressure this year. It’s playing catch-up to its fellow tech giants on artificial intelligence, it’s seen its stock fall by double digits since the year began, it closed a store in China for…
Uber loses UK supreme court appeal over tax on private-hire rivals
Rival taxi operators will not face a 20% tax charge on their profit margins outside London Business live – latest updates Uber’s rival taxi operators will not have to pay 20% VAT on their profits outside London after a UK supreme court verdict in a long-running case. The court ruled that private-hire operators do not…
Musk hails $16.5bn Samsung deal to supply Tesla with AI chips
South Korean tech company will produce carmaker’s next-generation semiconductors at new plant in Texas Business live – latest updates Samsung has agreed a $16.5bn (£12.3bn) deal to manufacture artificial intelligence chips for Tesla, in a move hailed by Elon Musk. The South Korean tech company announced the contract with an unnamed client in a regulatory…