Dive Brief: Consumer anxiety around personal data is on the rise, with 77% of survey respondents agreeing that they are concerned about how their information is used by companies online, according to GroupM’s second annual assessment of attitudes toward technology. That figure marks a five percentage-point increase from last year’s […]
rises
most people, including Tory voters, support tax rises
Almost half (46pc) of the general public would support this measure, the report found, with 18pc opposing such a move. Conservative voters were more enthusiastic about this measure than the wider public, with 54pc supporting against 20pc in opposition. In addition, 63pc of the public said that they were supportive […]
Tax rises will be ‘acid rain on green shoots’ as investors flee overseas, warns minister
He warned: “Unlike normal, lots of investors will be thinking that the UK has had a bad Covid and it has got a pretty incompetent Government.” He added: “We live in a much more mobile world. They’ll just disappear overseas. There are all sorts of places and it is much […]
Tax rises could ‘choke off’ recovery, Rishi Sunak is warned
Tory MPs are nervous about any increase in corporation tax, in particular, because increasing it to 24 per cent would parrot Labour’s tax policy. Stephen Barclay, the Chief Secretary to the Treasury, refused to rule out rises and insisted such issues were a matter for the Budget. He told Times […]
Inflation rises to 1pc as pent-up demand pushes up prices
As a result inflation rose unexpectedly last month. Overall consumer prices rose by 1pc compared with July 2019, firmly below the Bank of England’s 2pc target, but higher than anticipated and the steepest increase since March. It could raise difficult questions for the Bank as officials work out how best […]
Ocado aims for supermarket sweep as online shopping star rises
One grocery rival says: “They’re already at capacity, how are they going to deliver all these new orders?” Investors may not care, however. Most of the excitement surrounding Ocado is focused on its prospects as a technology provider, able to sell the same set of robotic warehouses and website systems […]
Coronavirus latest: Dow rises 600 points on economic reopening
The Nikkei Asian Review is tracking the spread of the new coronavirus that originated in the central Chinese city of Wuhan. Global cases have reached 5,495,061, according to Johns Hopkins University. The worldwide death toll has hit 346,232. To see how the disease has spread, view our virus tracker charts: […]
Google ad revenue rises 10%, masking slowdown from pandemic
Dive Brief: Google’s total ad revenue including YouTube rose 10% to $33.8 billion in Q1, per its quarterly report. Describing the first three months of the year as a “tale of two quarters,” parent company Alphabet’s CFO Ruth Porat said in a conference call with analysts that advertising sales were […]
China food chains eat humble pie after anger at price rises
SHANGHAI – Two Chinese restaurant operators have apologized after a customer backlash over recent price increases, highlighting the difficulty that the country’s businesses face in recovering from the coronavirus outbreak. Both Haidilao International Holding and Xibei Youmiancun admitted they were wrong to hike some prices to try to mitigate rising operating […]