TikTok’s UK arm has raised the amount set aside for potential legal battles and regulatory investigations to more than $1 billion, in the same year that the business swung to profit and recorded its first annual operating profit. Provisions and contingent liabilities for “legal and related matters” rose by moreContinue Reading

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails The FTSE 100 closed higher in London on Monday, outperforming European peers, as oil pricesContinue Reading

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails Online fast fashion retailer Shein could achieve a market valuation of up to $27 billionContinue Reading

Andy Burnham has launched a review into how business rates are calculated for pubs and hotels, in an attempt to make the tax fairer for two sectors hit hard by this year’s revaluation. The prime minister has appointed Jerry Schurder, a business rates expert who has repeatedly called for reformContinue Reading