One million more people are expected to pay income tax or move into a higher tax band this year due to the frozen tax thresholds, according to new analysis. The Taxpayers’ Alliance says the freeze will also bring around 500,000 lower-paid workers into paying income tax for the first time. First introduced in 2021 and
Situational Awareness, a hedge fund formed by former OpenAI researcher Leopold Aschenbrenner, has sold the majority of its public stock portfolio to Ken Griffin’s Citadel following steep losses over the past month, the Wall Street Journal reported earlier on Thursday. It’s a big comedown for the rising star who has been described as both “scarily
Leopold Aschenbrenner’s Situational Awareness Capital did not collapse because investors suddenly lost faith in artificial intelligence. The hedge fund, which had reported a 439 per cent net return through June and was managing tens of billions of dollars, was forced to unwind after losses on a highly leveraged portfolio triggered mounting margin pressures on both
Teletrac Navman has launched Energy Hub, a new solution within its all-in-one fleet management platform TN360. Energy Hub is designed to provide businesses with a unified view of energy usage across mixed-energy fleets. The solution combines electric vehicle (EV) charging visibility with traditional fuel data in a single platform, while supporting a broader range of
Quick Read Bloom Energy beat Q2 estimates with 165% revenue growth, and BE shares surged 26% Thursday while FuelCell Energy stock jumped 27% on the sentiment wave. Plug Power stock lagged BE and FCEL with a 9% gain and remains up 4% YTD, while the HYDR Global X Hydrogen ETF surged 10%. CEO KR Sridhar
Under this model, a 45-year-old worker on an average salary would pay around £1,200 in contributions per year, or £100 a month. The report did not recommend this catch-up payment approach. Instead it warned against the higher tax rates which were “unlikely to offer the most deliverable route to reform” by targeting workers whose incomes
One of the most talked-about hedge funds in AI investing just hit the eject button on every single public stock it owned. Situational Awareness LP, the fund run by former OpenAI researcher Leopold Aschenbrenner, sold its entire public equities portfolio before Thursday’s trading session, reportedly offloading everything to a single buyer. The reason? Margin pressure.
HMRC plans to use the policy to improve compliance and free up resources so it can focus on more complex cases of tax avoidance. But experts have warned the proposals could impose a “greater burden” on taxpayers. Nimesh Shah, of accountancy firm Blick Rothenberg, said: “Most people are not represented by a tax adviser –
Board points to stronger finances and digital progress The Cyta board of directors on Thursday presented its report covering its February 2024 to July 2026 term, describing the period as one marked by major transformation, strategic reforms and significant investments aimed at strengthening the organisation’s role in Cyprus’ digital future. The board reported that its
Ripple and Aviva Investors went live on July 29, 2026, with a tokenized share class of the Aviva Investors USD Liquidity Fund on the XRP Ledger, the first tokenized fund structure approved by the Central Bank of Ireland on a public blockchain. BNY Mellon is charged with holding the underlying assets, Komainu providing regulated digital