Business News

President Joe Biden will not enforce a ban on social media giant TikTok which is due to take effect the day before he leaves the White House, a US official has said.
Fears have been raised over the robustness of Britain's trade sanctions against Russia after the main government department enforcing the rules admitted it has no idea how many cases it is investigating.
Former Bank of England governor Mark Carney has announced he is running to replace Justin Trudeau as leader of the Liberal Party and prime minister of Canada.
The City watchdog is considering a formal proposal to increase Britain’s £100 contactless spending limit as part of a response to the prime minister's order for regulators to tear down barriers to economic growth.
The International Monetary Fund (IMF) has warned against the prospects of a renewed US-led trade war, just days before Donald Trump prepares to begin his second term in the White House.
The future of Pizza Hut's restaurants in Britain has been salvaged after the business was sold out of insolvency proceedings to the brand's main partner in Denmark and Sweden.
Train passengers caught without a ticket should be given a "yellow card" warning instead of a fine for a first offence, a watchdog says.
Freetrade, the British stock-trading app, is facing a backlash from early investors after announcing a sale to London-listed IG Group for a fraction of the valuation it targeted during earlier fundraising talks.
Approval has been given for the first UK launch of a traditional "vertical" rocket.
BP has announced it is cutting 4,700 jobs from its global workforce.

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