‘Most special day of my life’: world No 733 Tarvet enjoys limelight in Alcaraz defeat
Capital gains for the rich and persistent gender pay gaps: what we can learn from the ATO’s annual tax statistics | Greg Jericho
On Friday, the ATO released the annual taxation statistics. These provide the data on everyone’s 2022-23 tax returns.If you love spreadsheets, you’ll love this release – one of them has 167 columns of data on everything from how many people earned “less than $0” (110,372) to how many of those who earned more than $1m had a Hecs debt (73). It also revealed that 91 millionaires paid no tax because they were able to reduce their “taxable” income to below the tax-free threshold.But as most of you are sensible and do not love spreadsheets, let me dive into them and tell you what you need to know
London is leaving the door wide open to private equity raiders | Nils Pratley
This shouldn’t happen in a well-functioning stock market: a grownup industrial company, listed in London since 1988, with revenues of £1.3bn last year and pre-tax profits of £191m, is being taken out by private equity at a 96% premium to the pre-action share price. How can a business be worth twice as much in private hands than on the public markets?The company is Spectris, a low-profile but high-quality FTSE 250 maker of precision instruments and testing equipment used in everything from food manufacturing to automotives. The buyer is KKR with an agreed offer of £4.1bn that beats fellow US private equity house Advent’s £3
Google undercounts its carbon emissions, report finds
In 2021, Google set a lofty goal of achieving net-zero carbon emissions by 2030. Yet in the years since then, the company has moved in the opposite direction as it invests in energy-intensive artificial intelligence. In its latest sustainability report, Google said its carbon emissions had increased 51% between 2019 and 2024.New research aims to debunk even that enormous figure and provide context to Google’s sustainability reports, painting a bleaker picture. A report authored by non-profit advocacy group Kairos Fellowship found that, between 2019 and 2024, Google’s carbon emissions actually went up by 65%
‘A billion people backing you’: China transfixed as Musk turns against Trump
Few break-ups have as many gossiping observers as the fallout between the once inseparable Donald Trump and Elon Musk.The ill-fated bromance between the US president and the world’s richest man, which once raised questions about American oligarchy, is now being pored over by social media users in China, many of whom are Team Musk.The latest drama comes from Musk’s pledge to found a new political party, the America party, if Trump’s sweeping tax and spending bill, which Musk described as “insane” passed the Senate this week (it did). Musk had already vowed to unseat lawmakers who backed Trump’s flagship piece of legislation, which is expected to increase US national debt by $3.3tn
Wimbledon 2025: Raducanu beats Vondrousova, Fritz survives, Osaka through, Paolini exits – as it happened
That’s all for today. Thanks as always for following along with us and be sure to join us tomorrow for more coverage from SW19.And Fritz finishes it off, helped out by a couple of Diallo unforced errors. He advances to a third-round tie with the winner of the match between Botic Van de Zancschulp and Aleandro Davidovich Fokina, which was suspended for darkness and will resume tomorrow.Diallo does his part in holding from love-15 down
Raducanu revels in Centre Court joy after ‘one of the best matches I’ve played’
Emma Raducanu has described her stellar second-round victory over Marketa Vondrousova at Wimbledon as one of the best matches she has played in a long time as she set up a highly anticipated meeting with the world No 1 Aryna Sabalenka.Raducanu produced an excellent performance to reach the third round of Wimbledon with a 6-3, 6-3 win over the 2023 champion Vondrousova, ensuring that she has now reached the third round or better at Wimbledon on three of her four appearances.“That was one of the best matches I’ve played in a long time, which I’m very proud of,” said Raducanu. “At the same time, I didn’t feel like I was doing anything outrageous, which gives me a lot of confidence. I think I was just doing the basics very, very well
Pound and UK bonds recovering after Starmer backs Reeves, easing market panic – business live
Nearly 1,000 Britons will keep shorter working week after trial
Fears AI factcheckers on X could increase promotion of conspiracy theories
AI helps find formula for paint to keep buildings cooler
Owen Farrell in line for Lions call-up to Australia after Elliot Daly arm injury
Architect behind MCG’s Shane Warne Stand says mooted upgrades ‘don’t pass the pub test’