TikTok reacts to Musk ownership report to prevent US ban | Money News Aitrend

TikTok reacts to Musk ownership report to prevent US ban | Money News

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TikTok has dismissed a report that it could sell its threatened US operations to Elon Musk as “pure fiction”. The Chinese owners of the short video platform, ByteDance, face the prospect of a TikTok be closed permanently in America on Sunday. It was then that a US government banfor reasons of national security, should come … Read more

FSB urges watchdogs to heed Starmer’s growth decree | Money News Aitrend

FSB urges watchdogs to heed Starmer’s growth decree | Money News

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Britain’s leading small business group has appealed to economic watchdogs to heed Sir Keir Starmer’s executive order to remove regulatory barriers to growth with a new list of reform demands. Sky News has obtained a letter from the FSB to more than half a dozen regulators, including Ofgem and the Financial Conduct Authority, in which … Read more

UK to ‘put AI into veins’ under Sir Keir Starmer’s new plans | Political news Aitrend

UK to ‘put AI into veins’ under Sir Keir Starmer’s new plans | Political news

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The Government will “put AI into the veins” of the UK, with plans revealed today by Sir Keir Starmer. The Prime Minister is expected to promise investment, jobs and economic growth as the sector booms. It comes as his government battles allegations that it mismanaged the economy and hindered growth with last fall’s budget. The … Read more

Pizza Hut’s UK restaurants chart new direction in rescue deal | Money News Aitrend

Pizza Hut’s UK restaurants chart new direction in rescue deal | Money News

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Pizza Hut’s largest franchise restaurant in the UK is set to agree a rescue deal that would save the vast majority of its UK outlets and jobs. Sky News has learned that Directional Capital, an investment company which already controls much of Pizza Hut’s restaurant operations in Denmark and Sweden, is in advanced talks to … Read more

Starmer says Treasury will be ‘ruthless’ in cutting spending amid market turmoil | Political news Aitrend

Starmer says Treasury will be ‘ruthless’ in cutting spending amid market turmoil | Political news

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Sir Keir Starmer has said the Treasury will be “ruthless” in cutting public spending as market turmoil continues. Responding to a question about the economic situation from Sky News’ political editor Beth Rigbyhe said: “The number one mission of this government is economic growth. “And that was provided for in the budget, but we are … Read more

Rachel Reeves faces ‘pressure’, but ‘people should give her time’, says Wes Streeting | Political news Aitrend

Rachel Reeves faces ‘pressure’, but ‘people should give her time’, says Wes Streeting | Political news

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The Health Secretary said the cabinet was aware of the “pressure” on Chancellor Rachel Reeves amid volatile markets and a wider, difficult economic situation – but called on the public to “give up their time “. Wes Streeting argued the public “underestimates” the “amount of heavy lifting” Ms Reeves has had to do and will … Read more

The Chancellor’s China gamble: What price is Rachel Reeves willing to pay for closer trade ties? | Money News Aitrend

The Chancellor’s China gamble: What price is Rachel Reeves willing to pay for closer trade ties? | Money News

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With government bond yields rising, sterling falling and, all things considered, markets looking rather choppy in the UK, it is highly likely that Rachel Reeves’ trip to China will be overshadowed by rumors. There’s a chance the dominant narrative doesn’t speak China himself, but why didn’t she cancel the trip. But make no mistake: this … Read more

The proportion of 25-34 year olds living in “mom and dad’s hotel” has increased by a third since 2006 | UK News Aitrend

The proportion of 25-34 year olds living in “mom and dad’s hotel” has increased by a third since 2006 | UK News

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The proportion of 25- to 34-year-olds living with their parents has increased by more than a third in just under two decades, according to a new analysis. Last year, the share of the age group living at home was almost a fifth (18%), up from 13% in 2006, the Institute for Fiscal Studies (IFS) said … Read more

Gloomy economic news raises the stakes for embattled chancellor Rachel Reeves’ controversial China trip | Political news Aitrend

Gloomy economic news raises the stakes for embattled chancellor Rachel Reeves’ controversial China trip | Political news

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Rachel Reeves’ trip to China – the first by a British chancellor since 2019 – was always going to spark controversy. In recent years Conservative governments have kept Beijing remotely – amid concerns about espionage, the situation in Hong Kongand the treatment of Uighurs. David CameronThe so-called “golden age” of commitment to continued economic investment, … Read more

Rachel Reeves aims to ‘make Britain better’ on China trip – as she backs ‘non-negotiable’ Budget | Political news Aitrend

Gloomy economic news raises the stakes for embattled chancellor Rachel Reeves’ controversial China trip | Political news

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Improving Britain’s situation will be “at the forefront of the Chancellor’s concerns” during her visit to China, the Treasury has said, amid controversy over the trip. Rachel Reeves soared on Friday after ignoring calls from opposition parties to cancel the long-planned project due to domestic market turmoil. Last week saw a fall in the pound … Read more