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Pay rise for 2.7 million people as minimum wage increase comes into force
Posted onBut Spencer says his business is being squeezed from every angle – as well as minimum wage, he has had increases in business rates, national insurance, and statutory sick pay. He also expects energy bills to go up because of the war in the Middle East.
Kim Kardashian’s Skims hits $5bn valuation
Posted onOsmond ChiaBusiness reporter Getty Images Skims, the shapewear brand co-founded by celebrity and entrepreneur Kim Kardashian, says it has raised $225m (£171.5m) of new funding, bringing its value to $5bn. The company says it plans to use the money from investors, including an arm of Wall Street banking giant Goldman Sachs, to open more shops…
What’s behind Rachel Reeves’s hokey cokey on income tax rises?
Posted onAfter weeks of wondering will she, won’t she, and recent heavy hints that she would indeed raise income taxes in the Budget, Chancellor Rachel Reeves has now decided against the manifesto-breaching move. Amid the fog of Budget speculation, here is what we do know. That plan, to raise income tax rates by 2p but compensate…
Why Spotify has no button to filter out AI music
Posted onIt is a challenge, acknowledges Manuel Moussallum, Deezer’s head of research, but the company’s detection technology has so far maintained a low false positive rate, he says, and research to better understand hybrid cases, where AI is only partially used, is ongoing.
