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Amazon pays less tax despite profits rise

Amazon pays less tax despite profits rise

Technology
Online retail giant Amazon paid far less tax in the UK last year, despite seeing a jump in profits.Amazon Services UK, its retail logistics arm, paid tax of £1.7m, down from £7.4m in 2016, but operating profits rose from £48m to £80m.One reason for the lower tax bill was a rise in share-based payments for staff.Over the past five years, full-time staff in the fulfilment centres have received, on average, shares worth more than £1,000 a year, the spokesman said.As Amazon's share price has risen so sharply, these are often worth more when they are sold to the open stock market. That sale price is the one on which the tax bill, for both the company and the individual, is based. Amazon UK Services, the division that runs the war...
Serena Williams 25th seed for Wimbledon despite being outside top 32 in rankings

Serena Williams 25th seed for Wimbledon despite being outside top 32 in rankings

Sports
Wimbledon 2018Venue: All England Club Dates: 2-15 July Starts: 11:30 BSTCoverage: Live across BBC TV, BBC Radio and the BBC Sport website with further coverage on BBC iPlayer, Red Button, Connected TVs and mobile app.Seven-time Wimbledon champion Serena Williams is the 25th seed for this year's tournament, despite being outside the top 32 in the rankings.The 36-year-old American is continuing her return to action after giving birth to her first child in September.Williams, a 23-time Grand Slam singles winner, has played only three tournaments in the past 12 months and is ranked 183rd in the world. Slovakia's world number 32 Dominika Cibulkova has not been seeded.On Tuesday, Cibulkova said it ...
Wage growth weakens despite employment surge

Wage growth weakens despite employment surge

Business
Wage growth weakened to 2.8% in the three months to April though there was a strong increase in the number of people in work, official figures show. The data from the Office for National Statistics (ONS) shows pay is still increasing more quickly than inflation.But the pace of regular wage growth - excluding bonuses - has slipped back after reaching 2.9% in the previous month's set of figures - which was the best increase since 2015.It could further douse expectations of an interest rate hike this summer - already dampened by indications of sluggish economic growth after a first quarter in which the UK slowed to a near standstill.But there was a better than expected increase in the number of people in work, by 146,000 to 32.39 million, while unemployment fell by 38,000 to 1...
G7 commits to 'rules-based trading system' despite tensions with US

G7 commits to 'rules-based trading system' despite tensions with US

World
Media playback is unsupported on your device All the G7 nations have agreed at their summit in Canada on the importance of a "rules-based trading system", despite tensions with the US.The joint statement signed by US President Donald Trump and his counterparts comes amid a row over high US tariffs imposed this month on steel and aluminium imports.The EU and Canada have taken steps to retaliate.Mr Trump says tariffs are needed to reverse America's trade deficit.Soon after the joint statement was announced, the US president tweeted defiantly about not allowing "other countries to impose massive tariffs and trade barriers on its on farmers, workers and companies".The G7 summit, held in La Malbaie, Quebec province, also covered such issues as rel...
NBA Finals: Warriors beat Cavaliers in Game 1, despite LeBron effort

NBA Finals: Warriors beat Cavaliers in Game 1, despite LeBron effort

Sports
June 1 (UPI) -- The Golden State Warriors held off the Cleveland Cavaliers 124-114 in Game 1 of the 2018 NBA Finals. Golden State pulled off the victory despite LeBron James netting 51 points -- his most ever in a playoff game -- Thursday at Oracle Arena in Oakland. Stephen Curry led the Warriors with 29 points. Kevin Durant scored 26 points in the victory. The Cavaliers failed to steal a rare road triumph in the series, fumbling away a chance to win the game in the final seconds of regulation. Cavaliers guard George Hill made the first of two free throw attempts, tying the game at 107-107 with four seconds remaining. J.R. Smith pulled down the rebound of Hill's miss and had a chance to attempt a game-winner, but dribbled out the clock instead. He ended up throwing the ball back to Hill,...