Equalities watchdog submits formal guidance after UK supreme court transgender ruling
Shein UK accused of moving ‘vast bulk of income’ to Singapore to cut British tax
Shein’s UK arm has been accused of transferring the “vast bulk of income” to its Singaporean parent in order to cut its British tax bill.The company, which had been considering a £50bn float on the London Stock Exchange but is expected to list in Hong Kong, paid just £9.6m in corporation tax despite taking £2bn in sales last year.The payment is equivalent to 25% of the £38.2m in pre-tax profits it made in the UK in 2024, according to accounts filed at Companies House, in line with the UK corporation tax rate
UK phone retailers lock shop doors while trading to tackle rising thefts
Mobile phone retailers are locking their doors during trading hours and considering using “kill switches” to disable stolen devices, as incidents of theft increase more than ninefold in some high streets due to organised crime.VodafoneThree, which operates the largest retail network with 650 stores across the UK, has experienced a 967% increase in theft incidents in the first half of this year compared with the same period in 2024.“In recent months, the telecoms sector has seen an alarming surge in aggressive robberies and attempted robberies in stores, particularly across London and the south-east of England,” said a spokesperson for the company. “VodafoneThree has seen a nine-times increase in these types of incidents.”In response, the company has introduced measures including a locked door policy in some stores, which requires security guards to open the store’s doors to customers during trading hours, rather than them remaining open at all times
Tesla offers Elon Musk a trillion-dollar pay package
Elon Musk could become the world’s first trillionaire if he hits targets set by Tesla, under a scheme disclosed by the electric car company he runs and in which he is the largest shareholder.Tesla outlined the terms of the incentive package, unprecedented in corporate history, in a section of its latest stock market update that began: “Yes, you read that correctly.”Musk, the company said, will have to increase the value of Tesla from just over $1tn now to $8.5tn over 10 years.If he presides over growth on that scale, the 54-year-old will receive new shares that would push his stake in the company from nearly 16% to well beyond 25%, increasing the fortunes of the world’s richest man to more than $2tn
Trump hosts US tech leaders at White House dinner – minus Elon Musk
As Donald Trump hosted leaders from the biggest US tech companies at a lavish White House state dining room dinner on Thursday night, there was one notable absence. Elon Musk, once inseparable from Trump and a constant, contentious presence in the White House, was not in attendance.The dinner, which included Meta’s Mark Zuckerberg, Microsoft’s Bill Gates, Apple’s Tim Cook and OpenAI’s Sam Altman, was exactly the type of event where Musk would have sat at Trump’s right hand only a few months ago. Instead, the Tesla CEO stated on his social media platform X that he had been invited but could not make it. He said he planned to send a representative and spent the day on X posting a familiar stream of attacks on immigration and trans people
US Open tennis 2025: Aryna Sabalenka beats Amanda Anisimova in women’s singles final – as it happened
Right, it’s time for me to take my leave, but we’ll have Tumaini’s match report on the site shortly. And then Daniel will be here for Alcaraz v Sinner tomorrow, the lucky chap. Many thanks as always for joining us. Bye!Sabalenka seems unsure whether to go for the cheque or the trophy. I think I’d dive for the cheque, given it’s for $5m, but she opts for the trophy
Aryna Sabalenka sweeps aside Amanda Anisimova to retain US Open title
After such a bittersweet season filled with near-misses and heartbreak at the final hurdle, Aryna Sabalenka returned to the US Open final with one final chance to win the grand slam title she felt she was owed.Such an occasion could have been the source of more anxiety and stress, another reason for her to fall apart, but Sabalenka’s increasingly legendary career has been driven by her ability to learn from her losses, no matter how painful they are. This time, the No 1’s nerves perfectly held up under pressure as she maintained her composure during a late surge from Amanda Anisimova before closing her US Open title defence with a 6-3, 7-6 (3) win.As the best player in the world at the peak of her powers, Sabalenka continues to establish herself as one of the greatest players of the 21st century. She has now won four grand slam titles, drawing level with Kim Clijsters, Arantxa Sánchez Vicario, Naomi Osaka and Hana Mandlikova
Marks & Spencer food chief calls for ‘concrete target’ on British produce
Revisions and rising unemployment: what to know about the US jobs report
Head of UK’s beleaguered Alan Turing Institute resigns
Quantum computing firm reaches $10bn valuation as investor interest builds
Ellie Kildunne ruled out of England’s Rugby World Cup quarter-final after head injury
Red Roses must relish unfamiliar pressure in quest for World Cup glory | Andy Bull