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Average Guernsey income down in real terms, survey says
Average income for islanders is 12% lower in real terms than five years previously, a survey says. More than 2,000 people responded to the 2023/24 Household Expenditure Survey to find the average cost of living in Guernsey. It said while gross income – before taxes and other costs are factored in – of £77,619 per…
US approves sale of Nvidias advanced H200 chips to China
Osmond ChiaBusiness reporter Getty Images Nvidia CEO Jensen Huang The US government has given chip giant Nvidia the green light to sell its advanced artificial intelligence (AI) processors in China, the Department of Commerce said on Tuesday. The H200, Nvidia’s second-most-advanced semiconductor, had been restricted by Washington over concerns that it would give China’s technology…
EU steel tariff hike threatens ‘biggest crisis’ for UK industry
The EU has announced plans to hike tariffs on imported steel in a move the UK’s steel industry has said could be “perhaps the biggest crisis” it has ever faced. The commission has set out plans to cut the amount of steel that can be imported into the bloc by half – beyond which the…
Englands mayors to be given power to introduce tourist tax
The idea was first raised under former Prime Minister Sir Keir Starmer in November and is similar to schemes running in Scotland and European destinations. The Overnight Visitor Levy, which was outlined in the King’s Speech in May, has not been brought forward in Parliament yet. Prime Minister Andy Burnham is framing the policy as…
