United attempt to 'reassure' fans over R&D tax claim
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Daily Mail
11 minutes ago
- Daily Mail
China to explain redacted blueprints for 'mega-embassy' in London
If China does not do this, the deputy prime minister has ordered it to 'identify precisely and comprehensively' the withheld parts and explain why the floorplan for the basement and other areas of the Royal Mint Court development have been 'greyed out'. According to Rayner's (pictured) letter to the Chinese embassy, she highlighted that two suites of anonymous rooms and a tunnel were redacted 'for security reasons'. Other buildings on the plans were also partly greyed out, including the Cultural Exchange Building and Embassy House. It also highlights a Home Office request for a 'hard perimeter' around the embassy that may represent a 'material amendment to the application that would require further consultation'. The letter asked for further information in order for the Housing Secretary to make a 'lawful determination' on whether to allow the site to go up, adding that 'no view has been formed yet.' The new embassy, if built, would sit opposite the Tower of London in the former Royal Mint and would be China's largest in Europe. Critics fear the site will become the centre of increased espionage operations and may be used to harass Chinese dissidents. The US has already expressed 'deep concern' over the project, as it sits close to the City of London, home to some of the world's largest financial institutions. MPs in the Netherlands have also raised similar concerns. The site was sold to China by the UK government in 2018 for £255million. A full decision on whether the embassy will be allowed to be built will be made by September. It comes after diplomatic sources warned the Mail on Sunday that the new embassy will have on-site accommodation for more than 200 intelligence officers. A source said: 'There will effectively be a student-style campus for spies in the heart of the City. And those spy dungeons are so deep that the sensitive cables are virtually at head height.' The MoS can also reveal that the embassy plans exempt a 'cultural exchange' section from 'inspection and verification' by UK authorities. A US security source said 'cultural interests/exchange' is a 'euphemism for intelligence and security services', adding: 'It's where they often stuff their security and intelligence staff, among other diplomats. And if it's a "cultural" centre/space, why do they always declare it off limits in planning documents?' Ex-Tory leader Iain Duncan Smith said: 'Everywhere there is a mega embassy... Chinese state-sponsored, trans-national repression of those who have fled the Chinese state or who criticise it grows dramatically. It's simple: a bigger embassy has more spies and more repression.' Shadow Levelling Up Secretary Kevin Hollinrake (pictured) said Labour had been 'caught red-handed trying to ram through this sinister embassy' in a 'desperate attempt to woo the Chinese Communist Party to bail out their failing economic policies'. He added: 'It is shocking Labour want to sign a legal document that will ban British officials checking what is being built in the embassy building. This is yet another surrender document from a Labour Government that puts foreign interests over British interests.'
Finextra
12 minutes ago
- Finextra
Genesis Global names James Harrison as CEO
Genesis Global today announced the appointment of James Harrison as CEO, succeeding his fellow co-founder Stephen Murphy, who is stepping down after ten successful years heading the firm. 0 Genesis delivers software and solutions for financial markets developed on its robust, AI-native application development platform. Over ten years, Murphy and Harrison built Genesis into a global company transforming how software is developed and delivered in the financial industry. Today, firms throughout financial markets have partnered with Genesis to accelerate their digital transformation strategies for modernizing legacy systems, reducing vendor dependencies and replacing end-user computing with robust, compliant solutions. 'Leading Genesis has been the thrill of my career,' said Stephen Murphy, Co-Founder and CEO of Genesis. 'I am deeply proud of what we have built in partnership with our inspirational clients, strategic partners and investors. With AI leading a new wave of software innovation in financial markets, the opportunities ahead for Genesis far exceed what James and I imagined when we started our journey.' 'It's an absolute honor to succeed Stephen as CEO and advance the Genesis mission to become the leaders in software innovation across all of financial markets,' said James Harrison, Co-Founder and incoming CEO of Genesis. 'The power of the Genesis platform and the world-class industry expertise across our entire team give us unique ability to innovate alongside our clients and partners. We remain laser focused on building on these relationships and in helping our clients capitalize on AI and other technical changes in the market.' In the last year, the firm has experienced growing demand for its solutions targeting imperatives like T+1 compliance in Europe and market-wide pressures to reduce risks emanating from spreadsheets and other manual processes. The financial industry is also turning to Genesis for its AI expertise. Clients can extend and customize Genesis solutions or buy to build, with the component-driven architecture of the Genesis platform providing guardrails that make AI a predictable, compliant tool within the platform and their technology ecosystems. With AI, Genesis is the first technology to empower non-technical business users to build robust, compliant financial applications. At runtime, Genesis applications are AI-ready for the future, when work will be more AI-driven. The platform embeds controls to govern interactions with digital assistants and AI agents designed to automate workflow, data processing and other financial operations. Genesis clients include Bank of America, BNY, Citi, ING, Marex, Neptune Networks, Octaura, StoneX and many other financial sector innovators. James Harrison is a deeply experienced financial industry technology executive. Prior to Genesis, he held senior technology-focused positions at Credit Suisse, Merrill Lynch, Bear Stearns, HSBC and Fidessa. During his career, James has worked in London, Sao Paulo and Hong Kong and now is based in New York.
Daily Mirror
14 minutes ago
- Daily Mirror
Boy, 15, now teen millionaire after 'randomly' inventing hit game when he was 7
Alex Butler, 15, and his parents sold his original card game Taco vs. Burrito to PlayMonster last month - and the teen says he wants to buy "a Lambo" with the money A teenager has become a millionaire after inventing a best-selling card game when he was just seven years old. Alex Butler, now 15, sold the popular game Taco vs. Burrito, which he developed with his parents Leslie Pierson and Mark Butler, to PlayMonster last month for an undisclosed amount. "It was never something that I've been attached to or anything," the teenager said. 'It's not super important to me. I just kind of wanted to get the most money out of it." It comes after thousands of Brits to get shock letter from HMRC after drastic new tax rule comes into force. Mindless yobs damage 41 cars in vandalism rampage through sleepy market town The game - which asks players to compete to make the priciest meal - sold for an unspecified amount. However, the youngster has revealed how he and his parents are investing the money, and about his plans to "buy a Lambo", the Seattle Times reports. Alex - who said he didn't even like the Mexican dishes at the time - said the idea for the game popped into his head "randomly". He and his family often played card games, which inspired him to develop his own. Alex would regularly test out prototypes for the game with his parents at their local coffee shop. En route home, he would often develop new ideas to add, according to his mum, Leslie Pierson, who describes herself as a "serial entrepreneur". He soon introduced the game to pals and due to its popularity Leslie started a fundraiser online to cover startup costs. After the first day, Alex was left stunned when his mum told him they'd raised $1,000 (£745). "He lost it, mind blown," Pierson said. The fundraiser, and a promotion event at Comic Con, eventually raised $25,000 (£18,624) and Alex's father decided to set up a company, Hot Taco Inc. Alex owns the majority share. Then came choosing a manufacturer. Pierson said they found one who "treated Alex like an adult" and then spent over $25,000 on the products, which were then put on Amazon. By the end of year one, they'd made just shy of $1.1million (£819,285). Since then, 1.5million copies of Alex's card game have been sold. They realised their operation was too small to cater to the huge demand, and started considering a buyout. Eventually they settled on PlayMonster, with Alex having a key role in the decision making. Jonathan Berkowitz, CEO of PlayMonster, told the Seattle Times he loved the game because the "characters are amazing." "It's always fun when kids can beat their parents in a game, but the parents can still truly enjoy playing," he said.
