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Crypto users forced to share account details with tax officials
Posted onRachel ClunBusiness reporter Getty Images People buying cryptocurrency in the UK now need to share their account details or face penalties, in changes that came into effect on 1 January. The move by the UK’s tax body is designed to ensure they pay all relevant tax on buying and selling crypto, including capital gains tax….
Roomba vacuum cleaner firm iRobot files for bankruptcy
Posted onThe US firm behind the Roomba smart vacuum cleaner, iRobot, has filed for bankruptcy protection after facing competition from Chinese rivals and being hit by tariffs. Under the so-called pre-packaged Chapter 11 process, the main manufacturer of its devices, Shenzhen-based Picea Robotics, will take ownership of the firm. The tough commercial landscape had forced iRobot…
Menacing Disney advert featuring severed body banned
Posted onDisney subsidiary Twentieth Century Studios, which produced the film, said it was rated 12A, and the advertisement had been designed with that in mind. The company argued the brief and stylised nature of the scene meant the alien character or other imagery used would be unlikely to cause harm or offence.
Lululemon boss to step down early next year
Posted onThe boss of Lululemon Athletica, the brand known for its expensive yoga leggings and other sports clothing, is to leave the company early next year. Calvin McDonald, the firm’s chief executive, will depart at the end of January after more than seven years at the helm. The decision comes amid a run of poor sales…
