Business

Airbnb to report homeowners' income to Danish tax authorities

Image copyright Getty Images Airbnb will automatically report homeowners’ income to tax authorities in Denmark under a landmark move. It will make it easier to spot tax evasion by homeowners renting out rooms and properties via the site. Danish tax minister Karsten Lauritzen said the country wants a “sharing economy” to flourish, but on condition […]

Business

'We do custom artwork on our skateboards'

During an impressive career as a professional downhill skateboarder, South African Kent Lingeveldt started tinkering with custom-made boards for his friends. Seventeen years later, he now hand makes 500 boards a year. Africa Business Report went to meet Kent in his workshop. Source link

Business

How the video game became a million dollar idea.

Video games are the biggest entertainment business in the world, worth $100bn a year – more even than the Hollywood film industry. Aaron Heslehurst explains how the industry was all started by a bunch of American students in the early 1960s. Video journalist: Jeremy Howell Source link

Business

China drops sanctions probe into US sorghum imports

Image copyright Reuters Image caption The US is the world’s largest producer of sorghum China says it is dropping an anti-dumping probe into sorghum imports from the US, as the two sides discuss ways of easing trade tensions. In April, Beijing introduced a high tariff on the imports as part of a tit-for-tat trade spat […]

Business

Carbon rocks

Image copyright G Svanberg Image caption Harnessing the power of the volcanoes: Hellisheidi is Iceland’s largest geothermal plant Nested in the snow-covered mountains of western Iceland, a maze of turbines and pipes belches thick billows of steam. This mammoth structure is responsible for providing power to a country where 100% of the electricity comes from […]

Business

Broadband speeds 'far slower than in ads'

Image copyright Getty Images Image caption Which? said consumers had been let down by false speed claims for broadband services Which? says many UK households get half the broadband speed they pay for. Customers on a 38Mbps service received average speeds of 19Mbps, according to its findings, taken from 235,000 uses of its broadband speed […]

Business

TGI Fridays workers walk out over tips and wages

Image copyright PA Workers at two branches of the American diner chain TGI Fridays are holding walk-outs over changes they say will cost them hundreds of pounds a month. The firm has introduced a new pay policy at its family-oriented restaurants, which redistributes customer tips from waiters to kitchen staff. The Unite union has forecast […]

Business

First UK investment fund to boost gender diversity launches

Image copyright Getty Images The first fund aimed at encouraging gender diversity among UK companies has been launched by Legal and General Investment Management (LGIM). The investment fund will favour shares in firms that have the best record on gender diversity. LGIM will score and rank companies according to four different diversity measures, including women […]

Business

PayPal in 'talks to buy Swedish payments firm iZettle'

Image copyright iZettle PayPal is reportedly in talks to buy iZettle, a Swedish mobile payments company that sells a card-reader aimed at small businesses. The potential takeover comes less than three weeks after iZettle said it would list shares on the Nasdaq Stockholm. The firm said the move would help it raise money and expand. […]

Business

CBS loses initial battle with shareholder

Image copyright Getty Images Image caption Shari Redstone wants to merge CBS with Viacom, another National Amusements company The US media company CBS has lost an initial court battle amid a dispute with one of its biggest shareholders over control of the company. A Delaware judge on Thursday lifted a temporary restraining order against National […]

Business

London shares close at record after Ocado boost

Image copyright AFP London’s main index, the FTSE 100, closed at a record high on Thursday, boosted by a sharp rise in grocery delivery firm Ocado and oil company shares. The index closed 0.7% higher at 7,787, just above its previous high point of 7,778 on 12 January. Ocado’s share price jumped 44% after it […]