The Guardian
Coinciding with the OECD's announcing proposals to make the tech giants pay tax where revenues are earned, Facebook has posted massive sales figures for the UK of GBP1.6bn last year. However, this only amounted to a taxable profit of just GBP97m. This left the social media giant paying just GBP28m in corporation tax on revenues of GBP1.6bn, "The Guardian" reports.
City A.M.
Snap's UK losses were reduced to $312.8m in 2018, compared to $447m the year before. City A.M. reports this follows a trend of improved sales that have narrowed losses in the company's international bases.
The Guardian
Films, music and television are being credited by "The Guardian" as the sectors showing strongest growth in the UK economy, helping the country avoid negative growth in the three months until the end of August.
Independent.co.uk
James Dyson is dropping plans to develop an electric car, saying the project is not economically viable, according to "The Independent."
The Telegraph
Apple has come under heavy criticism for removing a news service from its app store in China. According to "The Telegraph," the Quartz app has been banned because of its coverage of the protests currently taking place in Hong Kong.
Press Gazette
A comment from Reuters Institute for the Study of Journalism director Rasmus Nielsen sums up how many at a media conference feel about the UK's coverage of Brexit. According to "Press Gazette," he summed up British journalists as being played by government leaks and briefings in their coverage of Brexit.
Press Gazette
Ofcom has ruled that LBC broke its guidelines by not signalling that an interview with healthcare provider BUPA was paid for, "Press Gazette" reports. The interview was arranged as part of a deal with the radio station, and the company offered upfront control of any questions that would be asked.
Sky News
The OECD has unveiled plans for new tax rules that would force the tech giants to pay tax in the countries where their revenue is generated, "Sky News" reports.
NetImperative
That statistic sounds a little high, but the latest research from Epsilon-Conversant suggests 8 in 10 marketing decision makers are reaching the wrong type of customer because they are not using data effectively to understand consumers, Netimperative reports.
The Independent
It is a social media sensation like no other. Coleen Rooney, wife of Wayne Rooney, has accused Rebekah Vardy, wife of Jamie Vardy, of selling stories about her private life. As "The Independent" explains, Coleen whittled her following down to one person to spread false stories. When they appeared in "The Sun," she claims to have found the culprit. Rebekah denies the charge.