News

Two British minicab companies, Delta Taxis and Veezu, are locked in a legal battle with Uber over the application of Value Added Tax (VAT) to private-hire operators outside London. The case, set to be heard by the Supreme Court in July, could have significant implications for the future of the minicab industry.

Former US President Donald Trump has threatened to impose a 200% tariff on European wine and champagne in retaliation for the EU's planned 50% surcharge on American whiskey, escalating the possibility of another trade war between the US and the EU. This move could have significant impacts on businesses and consumers on both sides of the Atlantic.

Large-cap stocks faced a turbulent week, with several companies experiencing significant declines due to factors such as acquisitions, economic concerns, and earnings guidance adjustments. The tech sector was particularly impacted, with companies like Teradyne, Trade Desk, and Coinbase Global facing substantial losses.

The TON token has surged over 20% following the return of Telegram founder Pavel Durov's passport, highlighting the influence of his leadership on the cryptocurrency's market performance. The price increase coincides with the introduction of new features to the Telegram Wallet app, further boosting investor confidence.

A new poll by NBC News reveals widespread public dissatisfaction with the economy and key figures like President Donald Trump, Elon Musk, and the Democratic Party. The poll indicates that 54% of voters disapprove of Trump's handling of the economy, while Musk's personal approval rating stands at a low 39%, and the Democratic Party received the lowest ratings in the poll, with only 27% of voters holding positive views.