Author: Euronews

Published on 12/08/2025 – 9:42 GMT+2 ADVERTISEMENT The decline in payroll employment in the UK eased in July, with employers cutting headcount by 8,000, compared to a month-on-month drop of 26,000 in June. July’s figure marks the smallest decline in headcount since a modest rise in January, offering a glimmer of hope for the sluggish UK job market. The early estimate of payrolled employees for July 2025 decreased by 164,000 on the year, added the Office for National Statistics (ONS). Tuesday’s data “tallies with some of the business surveys which suggest hiring appetite has begun to improve after a torrid…

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Published on 11/08/2025 – 10:30 GMT+2 ADVERTISEMENT Nvidia and AMD have agreed to pay 15% of their revenues from sales of artificial-intelligence chips in China to the US government. The unprecedented deal, first reported by the Financial Times on Sunday, is part of a bargain to secure export licenses for the Chinese market. Nvidia will share revenue from sales of its H20 chip, while the pledge applies to AMD’s MI308 chips. According to FT sources, the Trump administration has not yet decided how to use the money. “The unusual arrangement is another example of a mega tech company acquiescing to…

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ADVERTISEMENT Brits are swapping London’s glittering storefronts for Paris’ grands magasins and Milan’s Quadrilatero della moda — and the numbers behind the luxury exodus are startling. Since tax-free shopping became possible for UK visitors in the EU after Brexit in January 2021, British consumers have increasingly directed their high-end spending towards brands and stores across the Channel. According to a recent report published by the Association of International Retail (AIR), Britons shelled out €854 million (£730mn) on VAT-free shopping in the EU in 2024, a five-fold leap from €169mn in 2021. “This is not the same people spending a bit…

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