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TikTok shuts down in US as law comes into force – a day before Trump’s inauguration
TikTok users in the US are opening the app to find a message saying they “can’t use” the social media platform “for now” due to a law enacted in Washington.A ban on the app was due to take effect today after outgoing President Joe Biden signed a law last year requiring ByteDance, TikTok’s China-based parent …
Business
Business Live
New Humber business survey results ‘not pretty’, Chamber says
Results from a survey of businesses in the Humber area are “not pretty”, the Chamber of Commerce says. The Hull and Humber Chamber’s quarterly survey for the last three months of 2024 found the optimism of the previous period evaporating, to be replaced by worries over higher overheads. The survey found domestic sales and orders …
Business
Sky News
Poundland owner drafts in advisers amid discounter crisis
The owner of Poundland, one of Britain’s biggest discount retailers, has drafted in City advisers to explore radical options for arresting the growing crisis at the chain.Sky News has learnt that Pepco Group, which has owned Poundland since 2016, has hired consultants from AlixPartners to address a sales slump which has raised questions over its …
Business
Sky News
TikTok could go dark: What does this mean for users and content creators?
TikTok has said it could go dark on Sunday in the US after the Supreme Court ruled against its bid to avoid a ban that could shut the app down.The looming ban is the end result of 2024 legislation passed on national security concerns that called for TikTok parent ByteDance to sell the popular short-video …
Business
Sky News
Time’s up for US TikTokers: What does this mean for users and content creators?
TikTok has gone dark across the US – affecting 170 million American users – after the Supreme Court ruled against its bid to avoid a ban that has shut the app down.The ban is the end result of 2024 legislation passed on national security concerns that called for TikTok parent ByteDance to sell the popular …
Business
Sky News
Major UK stock index closes on record high
The UK’s benchmark stock index has reached another record high.The FTSE 100 index of most valuable companies on the London Stock Exchange closed at 8,505.69, breaking the record set last May. It had already broken its intraday high at 8532.58 on Friday afternoon, meaning it reached a high not seen before during trading hours.Money blog: …
Business
Sky News
UK’s main share index closes at all-time high
The UK’s benchmark stock index has reached an all-time high.The FTSE 100 index of most valuable companies on the London Stock Exchange closed at 8,505.69, breaking the record set last May. It had already broken its intraday high at 8532.58 on Friday afternoon, meaning it reached a high not seen before during trading hours.Money blog: …
Business
Business Live
‘Digital humans’, lightsabers and ‘Airbnb for EVs’: Tech entrepreneurs take to the stage for Baltic Ventures accelerator day
Never mind Dragons’ Den – business pitching is much more fun when it’s short, snappy, and part of a party closed by an AI-powered “digital human” DJ. Tech accelerator Baltic Ventures took over Liverpool warehouse venue Camp & Furnace for this year’s Accelerator 2024 Demo Day, where entrepreneurs from 10 companies in its annual accelerator …
Business
Sky News
Bad economic news brings end to market turbulence and interest rate benefits – as more cuts expected for 2025
A week of news showing the UK economy is slowing has ironically yielded a positive for mortgage holders and the broader economy itself – borrowing is now expected to become cheaper faster this year.Traders are now pricing in three interest rate cuts in 2025, according to data from the London Stock Exchange Group. Earlier this …
Business
Sky News
Surprise fall in retail sales in crucial Christmas shopping month
There has been a surprise contraction in retail sales in December, despite the month being key for many retailers due to Christmas shopping, official figures show.Retail sales fell 0.3% last month, according to the Office for National Statistics (ONS). No drop at all was expected, not least a 0.3% drop. Sales growth of 0.4% had …
Business
Sky News
China’s economy grows by 5% but people remain worried about future job prospects
China has released a slew of economic data this morning, showing its economy grew last year by a solid 5% percent, meeting the government’s target.Other annual figures released show that total retail sales of consumer goods were up by 3.5% last year, compared to 2023. But despite these positive indicators China’s economy is still facing …
Business
Sky News
Fit for purpose? Fears over robustness of UK’s enforcement of Russia sanctions
Fears have been raised over the robustness of Britain’s trade sanctions against Russia after the main government department enforcing the rules admitted it has no idea how many cases it is investigating.HM Revenue and Customs (HMRC), which monitors and polices flows of goods in and out of the country, says it had no central record …

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