The US and China have reached a framework agreement to transfer TikTok into US-controlled ownership, marking a major step in the long-running dispute over the app’s security. US trade representative Jamieson Greer confirmed the deal, while Treasury Secretary Scott Bessent said commercial terms had been agreed but declined to provide details. Chinese negotiator Li Chenggang stated that both sides had reached a basic consensus on resolving TikTok-related issues through cooperation. The move addresses US national security concerns over ByteDance, TikTok’s Chinese parent company, following legislation in April 2024 requiring a sale to a US-approved buyer or a ban. The TikTok…
Author: Andrew Rogers
Andrew Rogers
Andrew Rogers is a freelance journalist based in the USA, with over 10 years of experience covering Politics, World Affairs, Business, Health, Technology, Finance, Lifestyle, and Culture. He earned his degree in Journalism from the University of Florida. Throughout his career, he has contributed to outlets such as The New York Times, CNN, and Reuters. Known for his clear reporting and in-depth analysis, Andrew delivers accurate and timely news that keeps readers informed on both national and international developments.
Former Bank of England policymakers have called on governor Andrew Bailey to scale back or halt the central bank’s bond-selling programme, warning it is pushing up government borrowing costs. Four ex-members of the Bank’s monetary policy committee (MPC) said Britain’s long-term gilt yields, now at a 27-year high, are intensifying pressure on chancellor Rachel Reeves ahead of her 26 November autumn budget. While global factors such as trade tensions and US Federal Reserve policy contribute, the Bank has acknowledged its £100bn programme of quantitative tightening (QT) is adding to the strain. Since last year, the Bank has sold around £100bn…
Fitch Ratings has downgraded France’s credit rating from AA- to A+, citing political instability and uncertainty over managing rising public debt. The agency warned that without decisive action, France’s debt, currently at 113.2% of GDP, could reach 121% by 2027, and the deficit is unlikely to fall below 3% by 2029. The downgrade follows the ousting of Prime Minister François Bayrou after a failed budget plan. Finance Minister Eric Lombard emphasized the strength of the economy and ongoing consultations to restore public finances, but economists note France’s high deficit and political fragmentation make fiscal consolidation difficult. Despite these concerns, inflation…
AstraZeneca has halted its £200m Cambridge research site expansion, putting its entire £650m UK investment plan on hold.The project was expected to create 1,000 jobs, following the earlier cancellation of a £450m Merseyside vaccine facility.A spokesperson said the company continually reassesses investment needs and offered no further comment.Meanwhile, AstraZeneca plans $50bn in US investments by 2030, including new facilities in Virginia and lab expansions in several states.The pause comes amid wider UK industry setbacks, with Merck scrapping a £1bn London research centre and cutting 125 jobs.Sir John Bell warned major pharmaceutical companies may halt further UK investment due to growing…
The European Central Bank kept its benchmark deposit rate at 2% during Thursday’s policy meeting.Other rates were also unchanged: main refinancing at 2.15% and marginal lending at 2.40%.The deposit rate has hovered at its lowest level in over two years since June 2024.ECB President Christine Lagarde said inflation is near 2% and projections point to medium-term stability.Flash estimates show eurozone prices rose 2.1% in August, following 2% readings in June and July.The ECB’s decision follows the EU-US trade agreement, though the full impact on the economy remains unclear.Political uncertainty in France could slow investments and affect eurozone growth in the…
Larry Ellison became the world’s richest person after Oracle shares surged 40%, valuing his stake at $393bn.Elon Musk’s fortune now stands at $384bn, according to Bloomberg’s billionaires index.Oracle’s stock jumped to $340 per share, marking the company’s largest single-day increase ever.Ellison, 81, also holds wealth from Tesla shares, a sailing team, the Indian Wells Open, and a Hawaiian island.He has a close relationship with Musk, serving on Tesla’s board and investing $1bn in Twitter’s purchase.Both men share past ties to Donald Trump, though Musk’s relationship soured earlier this year.Oracle’s growth is driven by AI demand for its cloud services, powering…
Apple will reveal its slimmest iPhone yet at Tuesday’s “awe-dropping” event in Cupertino.The iPhone 17 lineup will include standard, Pro, Pro Max, and a new iPhone Air.Observers predict iPhone Air will be Apple’s lightest flagship, echoing the design of slim MacBooks.Apple will also present the Apple Watch series 11 and updated AirPods earbuds.Rumors suggest AirPods may feature live translation, matching Google’s Pixel Buds capability.Apple plans to announce launch dates for iOS 26 and macOS Tahoe.Trump’s tariffs may disrupt Apple’s global supply chain and raise iPhone prices.Tim Cook shifted production to India and shipped devices to avoid tariff costs.Apple Intelligence, its…
Volkswagen is close to a tariff deal with the US, CEO Oliver Blume said, as the company faces heavy costs from Donald Trump’s 27.5% tariffs, reduced to 15%. The levies, combined with a turbulent market, have already cost “several billions.” Volkswagen plans major US investments and may localise Audi production to ease the burden. Porsche Hit Hard by Tariffs and Weak China Market Blume highlighted that Porsche is especially affected, as most US-bound cars are made in Germany. “It’s several billion euros on our balance sheet that this situation costs this year,” he said. Affordable Electric Cars and BMW Moves…
This Sunday, 7 September, Europe will witness a blood moon—a total lunar eclipse visible across much of the continent. Lasting around 82 minutes, it will be the longest such eclipse since 2022. The Earth will pass directly between the sun and the moon, casting a shadow that darkens the lunar surface. Only red light refracted through Earth’s atmosphere reaches the moon, giving it the iconic “blood-red” glow. Throughout history, blood moons have been steeped in meaning. In cultures from Babylon to China and Central America, they were often seen as ominous signs of war, natural disasters, or divine punishment. Conversely,…
Max Verstappen set the fastest lap in Formula 1 history to claim pole for the Italian Grand Prix at Monza, posting 1:18.792 and averaging over 164mph. He edged out McLaren’s Lando Norris and Oscar Piastri in a tightly contested session. The result marks a turnaround for Verstappen, who struggled at the same track last year. Red Bull now shows renewed form under new team principal Laurent Mekies following Christian Horner’s departure. Ferrari impressed at their home race, with Lewis Hamilton finishing fifth in qualifying behind Charles Leclerc, though a grid penalty drops him to 10th. Norris held off Piastri to…