8 h. ago US and China reach deal to transfer TikTok ownership, trade officials say

Framework deal is breakthrough in long-running dispute over app’s ownership amid security concerns in WashingtonJamieson Greer, a US trade representative, said on Monday that Washington and Beijing have struck a framework agreement on transferring TikTok to US-controlled ownership.Speaking after emerging from negotiations with Chinese officials, Scott Bessent said the deal was coming but declined to reveal the commercial terms. Continue reading...

Politics

12 h. ago The US says a deal has been reached on TikTok, but details are sparse

A framework deal has been reached for the ownership of popular social video platform TikTok, U.S. Treasury Secretary Scott Bessent said after weekend trade talks between the U.S. and China in Spain

Economics

12 h. ago US agrees commercial terms on TikTok sale, as Trump says China talks went ‘very well’ – business live

Rolling coverage of the latest economic and financial news, as Beijing escalates its inquiry into Nvidia over takeover of Mellanox Today’s warnings about higher food prices coming in the UK are likely to cause fresh worries about how long borrowers will have to wait until Bank of England policymakers vote for another cut, reports Susannah Streeter, head of money and markets at Hargreaves Lansdown.Streeter adds:They are set to leave the base rate unchanged on Thursday and aren’t expected to make a move until next Spring.The Food and Drink Federation is forecasting food inflation could reach 5.7% by the end of December and still be running at 3.1% by the end of 2026. Higher employer and packaging taxes are being blamed for increasing costs for companies, which they can no longer absorb.“I’m delighted that we are on track to deliver yet another period of double-digit revenue growth and a strong profit performance, whilst maintaining our globally leading customer service standards.Our s...

Politics

16 h. ago First annual drop in UK house asking prices since January 2024

Rolling coverage of the latest economic and financial newsToday’s warnings about higher food prices coming in the UK are likely to cause fresh worries about how long borrowers will have to wait until Bank of England policymakers vote for another cut, reports Susannah Streeter, head of money and markets at Hargreaves Lansdown.Streeter adds:They are set to leave the base rate unchanged on Thursday and aren’t expected to make a move until next Spring.The Food and Drink Federation is forecasting food inflation could reach 5.7% by the end of December and still be running at 3.1% by the end of 2026. Higher employer and packaging taxes are being blamed for increasing costs for companies, which they can no longer absorb.“I’m delighted that we are on track to deliver yet another period of double-digit revenue growth and a strong profit performance, whilst maintaining our globally leading customer service standards.Our strategy as set out at our full year results is working and we have an exc...

Politics

16 h. ago FTSE 100 Live 15 September: Centrica and Sainsbury’s shares rally, AO World boosts outlook

Sainsbury’s shares have surged after the supermarket disclosed talks to sell Argos to Chinese e-commerce giant JD.com.

Politics

17 h. ago FTSE 100 Live 15 September: Centrica nuclear deal, Sainsbury's rallies on Argos talks

The outlook for interest rate cuts is in focus during a packed week of economic updates.

Economics

18 h. ago FTSE 100 Live 15 September: Centrica to build new reactors, BT appoints Bharti directors

The outlook for interest rate cuts is in focus during a packed week of economic updates.

Politics

46 h. ago China launches probes targeting US semiconductors ahead of Madrid trade talks

China has launched two probes targeting the U.S. semiconductor sector ahead of trade talks in Spain

Events

3 d. ago Business news live: Firms demand ‘no more taxes’ in Budget as economy stalls

Economic and stock market news and latest business and finance updates from Friday

Economics

3 d. ago FTSE 100 Live 12 September: Index near record as miners rally, UK economy fails to grow

New GDP figures today showed the UK failed to grow during July, adding to pressure on Chancellor Rachel Reeves.

Events

3 d. ago Business news live: Firms demand ‘no more taxes’ in Budget as economy stalls, FTSE 100 rises again

Economic and stock market news and latest business and finance updates from Friday

Economics

3 d. ago Business news live: Economic growth continues to slow as firms demand ‘no more taxes’ in Budget

Economic and stock market news and latest business and finance updates from Friday

Economics

3 d. ago FTSE 100 Live 12 September: UK economy fails to grow, index nears record

New GDP figures today showed the UK failed to grow during July, adding to pressure on Chancellor Rachel Reeves.

Events

4 d. ago Business news live: Klarna see same growth ‘in 4 hours to Wise in 4 years’, UK inflation expected to stay at 3.8%

Stock market news and latest business and finance updates from Thursday

Economics

4 d. ago Business news live: Klarna IPO success compared to Wise struggles, Elon Musk regains richest person tag

Stock market news and latest business and finance updates from Thursday

Economics

4 d. ago FTSE 100 Live 11 September: Trainline shares surge, John Lewis loss widens

John Lewis Partnership today posted a half-year loss after highlighting the impact of higher National Insurance costs.

Politics

4 d. ago Business news live: Klarna shares soar after huge IPO, Elon Musk regains richest person tag

Stock market news and latest business and finance updates from Thursday

Economics

4 d. ago FTSE 100 Live 11 September: Trainline bolsters guidance, John Lewis posts loss

John Lewis Partnership today posted a half-year loss after highlighting the impact of higher National Insurance costs.

Politics

4 d. ago Rising costs push John Lewis Partnership into deeper loss; London tube strike enters fourth day – business live

Rising costs push John Lewis Partnership into deeper loss; London tube strike enters fourth day – business live  The Guardian

Economics

4 d. ago German exports threatened by trade war tariffs and weak demand; London tube strike enters fourth day – business live

German exports threatened by trade war tariffs and weak demand; London tube strike enters fourth day – business live  The Guardian

Events