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Church of England to keep Amazon shares despite Welby criticism

Church of England to keep Amazon shares despite Welby criticism

Technology
The Church of England has said it will keep its shares in Amazon - a day after the Archbishop of Canterbury said the firm was "leeching off the taxpayer".The Church Times has revealed Amazon was among the 20 biggest global investments by the Church last year. A statement from the CofE said it considered the most effective way to seek change was to be "in the room with these companies" as a shareholder.Amazon has repeatedly said it pays all taxes required in the UK.Archbishop Justin Welby, in a speech to the Trades Union Congress on Wednesday, said: "When vast companies like Amazon and other online traders, the new industries, can get away with paying almost nothing in tax, there is something wrong with the tax system."They don't pay a real living wage, so...
Perk up: Drinking coffee is safe, despite confusing studies

Perk up: Drinking coffee is safe, despite confusing studies

Health
Sept. 10 (UPI) -- Americans drink an average of three cups of coffee a day -- in the morning as a wake-up jolt, during the afternoon for a workday treat and at night for energy to pursue activities before going to bed. Studies have shown the ingredients from the roasted bean can increase mental alertness, memory, stamina and concentration. But they also can heighten anxiety and stress and cause stomach problems in some people. Studies have shown potential health benefits of drinking coffee to prevent diseases -- but also suggested the risk of certain conditions, including cancer. Scrutiny has intensified recently as a California state judge ruled that coffee companies must use labels to warn customers that the carcinogen acrylamide is created during the roasting process. Does all of this...
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...