Four accountants walk into a room. What could possibly go wrong?
Finance
Prem Sikka: Here’s how Caffe Nero made £2bn in sales but didn’t pay a penny in corporation tax
Prem Sikka explains how a company can make billions in profit, but book a loss at the end of the year, thus paying no taxes. Read here
Climate Crisis
DeSmog UK: Majority of Directors of World’s Top Insurance Companies Tied to Polluting Industries
Analysis found links to Exxon, Koch Industries, and the US Chamber of Commerce, raising concerns about a potential “revolving door,” one campaigner said, between the insurance and fossil fuel industries. Read here
Geopolitics
AA: Saudi economy contracts 4.8% in Q2, most in 6 years, as oil activity tumbles
Saudi Arabia’s economy contracted 4.8% year-on-year in the second quarter of 2026, the steepest decline recorded since the COVID-19 pandemic, as a deep decline in oil activity outweighed modest growth in the non-oil and government […]
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