ByteDance, the Chinese company behind the smash-hit video app TikTok, saw its earnings double last year. An internal memo released to staff showed that the firm’s total revenue jumped by 111% to $34.3bn (£25.6bn) for 2020. The figures underscore TikTok’s continued global popularity. It comes as ByteDance and several other Chinese technology giants have come under increasing pressure from governments ...
JP Morgan has struck a deal worth about £700 million to buy Nutmeg, the digital wealth manager, as America’s biggest bank seeks to kickstart plans to build a consumer business in Britain. The surprise move by the Wall Street financial services group comes before the launch of its long-awaited online retail bank in the UK this year. Nutmeg will sit ...
Employers can claim from the furlough scheme for staff who are self-isolating. The entitlement exists despite government guidance stating it is not what the scheme is intended for. The little-known entitlement was first reported by Politico magazine after emails from civil servants complaining about government guidance were leaked. One email from a civil servant said the Treasury was “reluctant” to ...
The UK faces shortages of British-produced meat as problems with recruitment continue, the industry has warned. Brexit and coronavirus have meant many EU workers have returned to their own countries, putting a squeeze on production. The poultry industry is reporting a 10% fall in the number of birds being slaughtered for meat in recent weeks. But vegans said the labour ...
British food and drink exports to the EU fell by £2bn in the first three months of 2021, with sales of dairy products plummeting by 90%, according to an analysis of HMRC data. Brexit checks, stockpiling and Covid have been blamed for much of the downturn, but the sector has said the figures show structural rather than teething problems with ...
The number of Britons who own cryptocurrencies has risen to an estimated 2.3 million amid signs that fewer consumers believe that putting money into the nascent market is a gamble. The Financial Conduct Authority said yesterday that its latest research indicated that about 400,000 more adults had recently bought bitcoin and other cryptoassets. The regulator’s survey suggests that 4.4 per ...
Web traffic is the most valuable commodity in the world of e-commerce. If your website generates traffic, you’ll earn money – generally, it’s that simple. When you’ve just launched a new e-commerce site, though, it’s highly unlikely that the site will generate substantial traffic right off the bat. Getting your site to the point where it receives consistent traffic ...
It is safe to say that NGOs and multi-nationals have never seen eye to eye. When it comes to international oil companies, particularly those who operate in emerging markets, the relationship between the two can easily be described as acrimonious and often outright hostile. Campaigns are regularly framed as a David Vs. Goliath battle, often presenting the NGO as ...
When you are starting a new business it is very important for you to know exactly what to do to make it grow. This part is not easy and you always have to consider many details and other things and they all have to work in sync. Luckily, you do not have to do all of those things by ...
In the Forex world, if you snooze, you lose. To win at the foreign currency trading game, you need to be plugged into both economic and political news, you must learn to read the charts, and you have to be constantly keeping on top of everything going on around you. This is not a market for the lighthearted or ...