Trump to ‘save’ Tiktok as RedNote rises ahead of Sunday’s ban January 16, 2025 President Donald Trump has reportedly considered rescuing the Chinese-owned social media app Tiktok from its looming ban. Once in office, Trump may suspend the enforcement of the ban-or-sale law through executive order, reported the Washington Post. He has been exploring unconventional ways in which he could save the app, which now hosts over 170m users [...]
Polestar 2 review: Popular premium EV now tops 400 miles January 13, 2025 First launched in 2022, the Polestar 2 was the first fully electric model from the Chinese-owned Swedish brand. However, things move fast in the EV market, so Polestar has given its stylish crossover a substantial overhaul. The Polestar 2 faces a lot more competition than when it initially went on sale. The market for electric [...]
Chinese investment of £600m in UK ‘a start’, says Cabinet minister January 12, 2025 China committing to putting £600m in the UK is “a start” and “will lead to future investment”, a Cabinet minister has said. Science Secretary Peter Kyle said the Chancellor has returned with “solid commitments for investment” as the Government commits to “rebuilding the relationship with China”. Rachel Reeves has been criticised by the Conservatives and [...]
Reeves vows ‘action’ to meet fiscal rules amid rise in borrowing costs January 11, 2025 Rachel Reeves has said she will “take action” to meet her fiscal rules following turbulence on the gilt markets. Increases in the Government’s borrowing costs have sparked concern that the Chancellor will be unable to meet her debt and spending targets, requiring either tax rises or deeper spending cuts when she delivers a fiscal statement [...]
Rachel Reeves says fiscal rules ‘non-negotiable’ during bid to boost ties with China January 11, 2025 Rachel Reeves vowed to stand by her “non-negotiable” fiscal rules, as her mission to China was overshadowed by further turbulence in the gilt markets. Visiting bicycle-maker Brompton’s flagship Beijing store on Saturday, the Chancellor declined to give a running commentary on the financial markets in the UK, but said the rules she set for herself [...]
Kia EV3 review: Futuristic family SUV sets a new benchmark January 9, 2025 It would have been unthinkable not long ago, but Kia almost toppled Ford in the 2024 new car sales chart. When the numbers were crunched, the Kia Sportage had notched up 47,183 registrations – just 1,157 behind the first-placed Ford Puma. However, the success of the Sportage is now under threat from an enemy within. [...]
Group hits Shein with labour abuse dossier ahead of Select Committee January 6, 2025 Shein has been provided with a dossier of evidence alleging supply chain abuses ahead of its appearance before a Select Committee on Tuesday.
Monzo, Open AI, Revolut and Klarna: The IPOs to watch out for in 2025 January 3, 2025 While economic uncertainty prompted a cautious approach to IPOs in 2025, several high-profile companies are preparing to float in 2025. From leading fintechs such as Monzo, Revolut, and Klarna to global giants such as OpenAI and SpaceX, some of the most exciting growth companies in recent years could IPO this year. Here is a look [...]
Avoid Tesla, Intel, oil and German equities in 2025 say analysts January 3, 2025 Wall Street analysts have pencilled in strong gains for equity markets in 2025, following a robust performance in 2024. However, while analysts are optimistic about the outlook for the market as a whole, there are some assets Wall Street believes will underperform in the year ahead. Here are the four assets analysts are advising investors [...]
Lenovo UK sales near £1bn amid Huawei retreat January 2, 2025 Sales at the UK arm of Chinese technology giant Lenovo jumped closer to the £1bn mark during its latest financial year. The division has reported a turnover of £982.8m for the 12 months to 31 March, 2024, up from the £969.3m it generated in the prior year. Newly-filed accounts with Companies House also show that [...]