Business

Image copyright Getty Images Image caption American rapper Lil Nas X said “TikTok helped me change my life.” TikTok has hit back against claims of Chinese government interference over content shown on the video-sharing app. The popular platform, owned by Beijing-based Bytedance, said it “does not remove content” based on Chinese sensitivities. It follows concerns […]

Image copyright Getty Images Image caption Pressure is mounting for the US and China to resolve their trade row Global trade used to be a slightly worthy topic – loved by economists and confined to the financial pages of newspapers. But recent high profile trade rows have changed all that, underlining its value and importance

Image copyright Getty Images More than 3,000 local bus routes have been lost or reduced over the past decade, according to a new study. The Campaign for Better Transport said local authority funding had fallen by more than 40% while central government funding had fallen by 19% in that time. The group said the service

Ismail Ahmed, the CEO of WorldRemit – a global digital money transfer service operating in six continents – has been named the most influential black Briton. The Powerlist 2020 covers the most powerful people of African and African Caribbean heritage in the UK and includes grime artist Stormzy and the Duchess of Sussex. Adina Campbell

Image copyright Getty Images Amazon delivered another quarter of sales growth above 20%, but a spike in shipping costs cut the firm’s bottom line. Shares dropped sharply in after-hours trade after the e-commerce giant said profits fell by about 25% to $2.1bn in the three months to 30 September. The firm said it spent nearly

Image copyright QuickQuid website The UK’s biggest remaining payday loan provider will close, with thousands of complaints about its lending still unresolved. QuickQuid’s owner, US-based Enova, says it will leave the UK market “due to regulatory uncertainty”. Compensation claims have been made from customers who said they were given loans they could not afford to

Image copyright Getty Images Image caption In remote areas, post offices can be the only places offering banking services Barclays has reversed its decision to prevent customers withdrawing money from the Post Office network. It prompted fury when it announced its debit card holders could deposit money but not withdraw cash from a post office

Image copyright Getty Images Regis UK, the owner of the Supercuts hairdressing chain, has appointed administrators, putting 1,200 jobs at risk. Accountants Deloitte have been called in to look for options for the 220 salon chain. The Supercuts locations will remain open as it looks for a possible buyer. Regis UK’s collapse follows its attempt

Image copyright Getty Images Dirty money has spread throughout the UK economy, reaching as far as private schools and interior designers, says watchdog Transparency International. Corrupt individuals are now channelling their ill-gotten gains through service industries that fall outside anti-money-laundering rules, it said. This allows them to “spend their money with impunity”, it added. UK

Image copyright Getty Images Twitter has reported quarterly profits that are less than a quarter of what analysts had predicted after product bugs hampered advertising sales. The micro-blogging site said it made $37m (£28.7m) profit in the third quarter. Revenues were 9% higher than the previous year at $824m, but still at the lower end