UK grocery watchdog investigating Amazon over alleged supplier payment delays; company insolvencies jump – as it happened | Business

Autumn tax rises ‘increasingly likely’ Despite UK government borrowing slightly undershooting forecasts so far this financial year, tax rises in the autumn are likely. That’s the view of City consultancy Capital Economics, who told clients this morning: Despite the overshoot in May, public borrowing was £2.9bn below the OBR’s forecast …

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Royal Mail boss quits after just one year as new owner takes over

Emma Gilthorpe, chief executive of Royal Mail, has stepped down from her role after just over a year in the job, marking the first major leadership change since Czech billionaire Daniel Kretinsky completed his £3.6 billion takeover of the postal group’s parent company, International Distribution Services (IDS). Gilthorpe’s departure, confirmed …

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With his ‘golden share’ in U.S. Steel, Trump turns to a mechanism more common elsewhere in the world

U.S. President Donald Trump turned to a little-used mechanism—the “golden share”—to ensure that a Japanese-owned U.S. Steel doesn’t become a threat to national security. Nippon Steel, the U.S. steelmaker’s soon-to-be owner, is granting Washington special authority over the company’s operations, though the extent of those powers remains unknown.  Yet while …

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