Loophole allows Uber to avoid UK tax, undercut rivals

Uber is able to avoid VAT by exploiting a loophole in how the tax is collected for business-to-business sales across EU borders, which arises because it treats its 40,000 UK drivers as separate businesses, each too small to register for VAT. It confirmed to Reuters...

WPP’s Martin Sorrell says shareholder revolt shows ‘improving trend’ for executive pay

Martin Sorrell has claimed that WPP shareholders are growing increasingly accepting of his multi-million pound executive pay package, despite facing opposition from more than a fifth of voters at the advertising company’s annual general meeting (AGM) on...

UK Election: How influential are newspaper endorsements in today’s digital age?

While this election initially expected to see the Conservatives win outright, latest polls indicate this majority is becoming less predictable, therefore last-minute events could have some influence in swaying undecided voters. One sector that has a degree of...

Sony’s PlayStation VR headset sales top 1 million units

The sales momentum supports analysts’ view that Sony is in a good position to build an early lead in the high-end VR headset race with its more modest price tag and by tapping the nearly 60 million users of its flagship PlayStation 4 console. The headset,...

Turkey to fast-track draft bill approving troop deployment in Qatar: Officials

Saudi Arabia, Egypt, the United Arab Emirates (UAE) and Bahrain severed relations with Qatar and closed their airspace to commercial flights on Monday, charging it with financing militant groups. Qatar vehemently denies the accusations. It is the worst split between...

Apple’s new software is a game changer for augmented reality, experts say

Virtual and augmented reality product company Marxent has been developing AR apps for Apple products for 6 years. The company’s CEO and co-founder, Beck Besecker, says the announcement is a “game changer”, as it will help to embed the tech into...