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Tim Cook required to fly only by private jet

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In documents filed with the US markets regulator, Apple said the policy was "in the interests of security and efficiency". Apple reported that Mr Cook's personal travel expenses came to $93,109 (£69,253) in 2017. His personal security expenses came to $224,216, the tech giant added. In 2017, the chief executive's salary was just over $3m. He also received $9.3m in bonuses, plus $89m of shares that were promised to him if he met certain targets. Apple's market capitalisation rose to $868bn in November, making it the world's most valuable publ... Read More »

Tesla’s Elon Musk promises pick-up truck and new features

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Elon Musk made the promise on Twitter after asking his followers for suggestions about how the firm could improve. He said the open-backed truck would follow the Model Y - a yet-to-be detailed car, which is expected to be based on its Model 3 sedan. But experts note Tesla has suffered repeated delivery delays. That has led some to question whether the loss-making company can meet its existing commitments - which also include a forthcoming articulated lorry and sports car. Mr Musk also made several promises about new features Tesla intends to... Read More »

Gambling-style apps offered on Facebook without age checks

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The company behind thousands of the UK’s fixed-odds betting terminals (FOBTs) is offering gambling-style apps on Facebook without age checks, prompting allegations that children are being exposed to the risk of addiction. Earlier this month, the industry watchdog warned that more than 60,000 children were either gambling addicts or were in danger of becoming hooked. Experts have warned that games mimicking real-life gambling are the “number one risk factor” for developing a problem later in life. Tom Watson, Labour’s deputy leader, who ha... Read More »

Which big names in business are 2018’s ones to watch?

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Michael O’Leary In 2011, the chief executive of Ryanair, Michael O’Leary, outlined his pitch for one of the most sought-after honours in the world: “There hasn’t been a war in Europe for 50 years, because they’re all too busy flying on Ryanair. I should get the Nobel peace prize – screw Bono.” Shamefully, the Nobel committee continues to overlook O’Leary as a potential laureate, although he is increasingly being recognised in other areas. Having admitted that his company may not always have treated its passengers quite as they hoped, O... Read More »

World’s Biggest Education Market Is Opening For Business

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Successive reforms of strict prohibitions on foreign-owned schools has seen the number of students enrolled in international schools rise, with the Chinese market now the largest in the world. And the most lucrative end of the market is in line for a significant fillip in 2018 following changes introduced this year. Suspicion of western influence has been behind a historical reluctance on the part of the Chinese authorities to allow international schools to gain anything more than a toe-hold in the country. Access was generally denied to Chi... Read More »

Chinese skyscraper to be auctioned online

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A 156m (511ft) skyscraper in northern Shanxi province has been listed on Taobao, China's largest e-commerce website, by a local court. The 76,000 sq m repossessed building is due to go on the block on 2 January, with a sky high asking price of 553m yuan ($84m; £62m). The site said online auctions helped with transparency in property sales. Construction on the building first began in 2006 and was due to be completed by 2011, according to Chinese state media outlet Xinhua. However, the developer ran into funding troubles. The building was even... Read More »

Obama warns against ‘irresponsible’ social media use

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He warned that such actions were distorting people's understanding of complex issues, and spreading misinformation. His successor Donald Trump is a prolific user of Twitter, but Mr Obama did not mention him by name. Mr Obama was quizzed by Prince Harry on BBC Radio 4's Today programme. The ex-president said those in positions of power should be careful when posting messages, warning that social media is distorting civil discourse. He expressed concern about a future where facts are discarded and people only read and listen to things that reinfo... Read More »

5 Big Apple Predictions for 2018

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1. Apple takes mid-range smartphone share Investors widely expect the iPhone X and its successor(s) to do brisk sales in 2018, and with good reason. What might not be as well-appreciated is how Apple is positioned to gain ground in a mid-range segment dominated by Android OEMs. In tandem with launching the iPhone X and 8/8-Plus, Apple decided to keep not only the iPhone 7 and 7-Plus around at $100 discounts to their original prices, but to also do the same for the iPhone 6S (now starts at $449) and 6S-Plus ($549), instead of discontinuing... Read More »

Aston Martin to recall over 5,000 vehicles in U.S. – safety agency

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The recalls are expected to begin on Feb. 1., 2018 and come as the owners of the carmaker made famous by fictional spy James Bone prepare for a stock market listing or sale of the company. The documents on the NHTSA website say Aston Martin is recalling 3,493 DB9, DBS, Rapide, Virage and Vanquish models that were made between 2009 and 2016 due to problems that can cause the transmission park pawl to not engage, which could make the vehicle roll and increase the risk of a crash. The Gaydon, England-based company is also recalling 1,953 DB9... Read More »

Facebook caves under pressure from governments to change tax structure

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It currently re-routes revenue through its international headquarters in Dublin and attracted criticism in the UK after it was shown to have paid just over £4,000 in tax in 2014. Corporate taxation has become a hot-button topic in the wake of revelations of tax avoidance schemes by multinationals which have led to calls for companies to pay more tax. The company is expected to start paying tax on its local operations across roughly 30 jurisdictions outside the United States including France, Germany and eight other EU countries where Faceboo... Read More »

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