business-investment
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Changes on the Way for R&d Tax Relief
Date: July 13, 2022
By Anthony Lalsing, tax partner at accountancy firm, Menzies LLP The Research and Development (R&D) tax relief scheme has changed little since its introduction in 2000, but significant reforms are now in the pipeline. From April 2023, there could be an opportunity for businesses to increase the value of their claims, whilst encouraging more problem-solving...
Exclusive-Pernod Told India Its Protracted Tax Fight Inhibits Fresh Investments There-Letters
Date: July 12, 2022
By Aditya Kalra NEW DELHI (Reuters) -French spirits group Pernod Ricard has warned India that a long-running tax disputes with authorities on valuing liquor imports has inhibited fresh investment and its current business, according to company letters seen by Reuters and two sources with direct knowledge of the matter. Its shares fell 1.8% on the...
British Airways Cancels More Flights at ‘most Challenging Period’ in History
Date: July 5, 2022
LONDON (Reuters) – British Airways is cancelling more flights scheduled for the summer holiday season, it said on Tuesday, at a time of widespread disruption at airports caused by staff shortages and a surge in travel demand. The airline said it would now reduce its April-October schedule by 11%, having said in May the cuts...
UK Firms See Small Pick-Up in June but Inflation Worries Mount – PMI
Date: July 5, 2022
LONDON (Reuters) – Growth among British businesses last month was a touch stronger than originally thought but there were further signs of how surging inflation is dragging on new orders, raising fears of a recession, a survey showed on Tuesday. The composite S&P Global/CIPS Purchasing Managers Index – spanning services and manufacturing firms – edged...
Moscow Mall Opens for Russian Business After Big Brand Exodus
Date: June 30, 2022
MOSCOW (Reuters) – Western fashion brands are conspicuous by their absence at a gleaming new shopping centre on the outskirts of Moscow – and customers say they scarcely miss them. Following Moscow’s decision to send thousands of troops into Ukraine at the end of February, international fashion brands from Adidas to Zara have paused operations...
German Business Sentiment Clouds Over but No Sign of Recession – Ifo
Date: June 24, 2022
BERLIN (Reuters) -German business morale fell more than expected in June but a recession was not yet in sight despite rising energy prices and the threat of gas shortages, a survey showed on Friday. The Ifo institute said its business climax index dropped to 92.3 following a reading of 93.0 in May, when the closely...