Tuesday, August 9News That Matters
Shadow

Tag: companies

Companies back moratorium on deep sea mining

Companies back moratorium on deep sea mining

Science
A long-running dispute over plans to start mining the ocean floor has suddenly flared up.For years it was only environmental groups that objected to the idea of digging up metals from the deep sea.But now BMW, Volvo, Google and Samsung are lending their weight to calls for a moratorium on the proposals. The move has been criticised by companies behind the deep sea mining plans, who say the practice is more sustainable in the ocean than on land.The concept, first envisaged in the 1960s, is to extract billions of potato-sized rocks called nodules from the abyssal plains of the oceans several miles deep.Rich in valuable minerals, these nodules have long been prized as the source of a new kind of gold rush that could supply the global economy for centuries.Interest in them has intensified beca...
Phone companies ‘must do more’ to stop fraud calls

Phone companies ‘must do more’ to stop fraud calls

Business
Phone companies must do more to stop fraudsters who spoof phone numbers to trap victims, one of the UK's top law enforcement officers has said.Graeme Biggar, director general of the National Crime Agency's National Economic Crime Centre, says the UK needs "a step change in our response" to fraud.It costs the economy up to £190bn each year.Phone companies say they are committed to taking action over nuisance calls.Mr Biggar says there has been an "explosion" in the number of criminals spoofing phone numbers in the past 12 months."Phone companies have been used for fraud since they've been invented and it's a constant arms race to stop vulnerabilities and then stop them.Covid fraudsters steal £34.5m in scamsFraudsters 'scammed me out of every penny I had'Fraud epidemic 'is now national secur...
Terra Carta: Prince Charles asks companies to join ‘Earth charter’

Terra Carta: Prince Charles asks companies to join ‘Earth charter’

Science
.css-94m6rd-HeadingWrapper{border-bottom:solid 1px #BABABA;padding-bottom:1.5rem;}.css-94m6rd-HeadingWrapper > *:not([hidden]):not(style) ~ *:not([hidden]):not(style){margin-top:1rem;}.css-vk3nhx-ComponentWrapper{margin:1.5rem 0;}.css-2y05cd-StyledFigure{font-family:ReithSans,Helvetica,Arial,freesans,sans-serif;font-weight:400;font-size:0.875rem;line-height:1.125rem;}.css-kwaqyc-StyledFigureContainer{position:relative;}.css-1xtcmof-Placeholder{position:relative;display:block;padding-bottom:56.25%;background-color:#EEEEEE;}.css-1xtcmof-Placeholder img{overflow:hidden;position:absolute;top:0;right:0;bottom:0;left:0;display:-webkit-box;display:-webkit-flex;display:-ms-flexbox;display:flex;-webkit-box-pack:center;-webkit-justify-content:center;-ms-flex-pack:center;justify-content:center;-webki...
Companies that undertook mergers are now stuck with tax credit issue

Companies that undertook mergers are now stuck with tax credit issue

Finance
Several companies that had initiated mergers are now facing issues in recovering tax credits due to delays in getting necessary approvals and conclusion of the process after the lockdowns disrupted the timelines. Tax credits on the amount paid to revenue authorities when the process is on are getting stuck as the tax department undertakes a detailed scrutiny in merger cases which take long to conclude. For some of the larger companies, the amount stuck in tax credit runs into hundreds of crores, say insiders. People in the know said that hundreds of companies — both with external mergers or intra-group—have been affected by this delay. Tax credit is a refund that can be set off against future tax liabilities. “In case of merger, there is a gap between appointed date and effective date. T...
Covid vaccines: Will drug companies make bumper profits?

Covid vaccines: Will drug companies make bumper profits?

Business
.css-94m6rd-HeadingWrapper{border-bottom:solid 1px #BABABA;padding-bottom:1.5rem;}.css-94m6rd-HeadingWrapper > *:not([hidden]):not(style) ~ *:not([hidden]):not(style){margin-top:1rem;}.css-vk3nhx-ComponentWrapper{margin:1.5rem 0;}.css-2y05cd-StyledFigure{font-family:ReithSans,Helvetica,Arial,freesans,sans-serif;font-weight:400;font-size:0.875rem;line-height:1.125rem;}.css-kwaqyc-StyledFigureContainer{position:relative;}.css-1xtcmof-Placeholder{position:relative;display:block;padding-bottom:56.25%;background-color:#EEEEEE;}.css-1xtcmof-Placeholder img{overflow:hidden;position:absolute;top:0;right:0;bottom:0;left:0;display:-webkit-box;display:-webkit-flex;display:-ms-flexbox;display:flex;-webkit-box-pack:center;-webkit-justify-content:center;-ms-flex-pack:center;justify-content:center;-webki...