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Economy just about returns to growth after two months of contraction
The UK economy just about returned to growth in November after two months of contraction, the latest official figures show. Gross domestic product (GDP), the standard measure of an economy’s value and everything it produces, grew by 0.1% compared to the previous month, according to data from the Office for National Statistics. It was expected …
Business
Sky News
Europe’s largest economy is facing a possible third consecutive year of recession
Forget this week’s minor decrease in the UK inflation number. The most important European data release was the confirmation from Germany that, during 2024, its economy contracted for the second consecutive year. Europe’s largest economy shrank by 0.2% during 2024 – on top of a 0.3% contraction in 2023.Now it must be stressed that this was …
Business
Sky News
TikTok to be banned in the US from Sunday, Supreme Court rules
TikTok is to be banned in the US from Sunday if it is not sold by its Chinese parent company, the Supreme Court has ruled.However, President Joe Biden has said he will not enforce the ban for the few remaining hours he is in office, leaving it up to Donald Trump to decide what to …
Business
Sky News
TikTok to be banned in the US from Sunday
TikTok is to be banned in the US from Sunday if it is not sold by its Chinese parent company, the Supreme Court has ruled.However, President Joe Biden has said he will not enforce the ban for the few remaining hours he is in office, leaving it up to his successor Donald Trump to decide …
Business
Business Live
Inflation falls to 2.5% in surprise dip as fuel costs rise
In a surprise move, the UK’s inflation took a downward turn last month as lower hotel prices helped balance out an increase in fuel costs, newly released official statistics indicate. The Consumer Prices Index inflation rate dropped to 2.5% in December, down from November’s 2.6%, per the Office for National Statistics (ONS). Forecasts had largely …
Business
Sky News
Good news on inflation could be quickly erased by tax rises and Trump turbulence ahead
A fall in December’s CPI inflation of 0.1 percentage points to 2.5% is marginal, but by being below expectations it delivered an above-expectations boost to Rachel Reeves.The chancellor has been under intense scrutiny for the last week as UK borrowing costs have risen (in line with US and European peers) and the value of the …
Business
Sky News
Surprise fall in inflation after two months of rises
There’s been a surprise fall in inflation to 2.5% after two months of rises, official figures show.It means prices are still rising but at a slower pace than before, according to Office for National Statistics (ONS) data for December. Economists had expected the figure to remain at 2.6%, the level recorded in November.Money latest: What …
Business
Sky News
Musk sued over buying Twitter shares at artificially low prices by US finance regulator
Elon Musk is being sued for failing to disclose his purchase of more than 5% of Twitter stock in a timely fashion.The world’s richest man bought the stock in March 2022 and the complaint by the US Securities and Exchange Commission (SEC) said the delay allowed him to continue buying Twitter stock at artificially low …
Business
Sky News
Apple AI feature ‘must be revoked’ over notifications misleading users
Apple AI is sending misleading push notifications about sensitive stories like Gisele Pelicot’s mass rape trial, Britain’s grooming gang scandal and a prison officer filmed having sex with an inmate.Concerns have now been raised with Apple by multiple news organisations over the AI summary feature, which is available on iPhones with Apple Intelligence. The feature …
Business
Sky News
TikTok reacts to report of Musk ownership to prevent US ban
TikTok has described a report it could sell its threatened US business to Elon Musk as “pure fiction”.The short video platform’s Chinese owners ByteDance are facing the prospect of TikTok being shut down permanently in America on Sunday. That is when a US government ban, on national security grounds, is due to take effect.Money latest: …
Business
Sky News
Chancellor accused of refusing to ‘face up to her own failures’ amid market turmoil
Chancellor Rachel Reeves has been accused of refusing to “face up to her own failures” by “jetting off to Beijing” during a week of market turmoil.Shadow chancellor Mel Stride accused the chancellor of ducking difficult questions as the “government was losing control of the economy” while Ms Reeves visited China over the past week with …
Business
Sky News
Trump to deliver Davos speech days after inauguration
Donald Trump will address business and world leaders at the World Economic Forum (WEF) in Davos, Switzerland, in a virtual appearance from the US three days after his inauguration as President.The Davos event, which starts on Monday, will attract more than 3,000 business and political leaders to the Swiss Alps. They will include 900 company …

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