TikTok’s Chinese owner ByteDance has signed binding agreements with US and global investors to operate its business in America, the company’s chief executive told staff on Thursday.
Half of the joint venture will be owned by investors including Oracle, Silver Lake and Emirati firm MGX, according to a memo from Shou Zi Chew. The deal, due to close on 22 January, resolves years of Washington pressure to force ByteDance to sell its US operations over national security concerns. It follows a September agreement when President Donald Trump delayed enforcing a law that would have banned the app unless sold.
The widespread adoption of artificial intelligence is likely to displace people from jobs in ways similar to the Industrial Revolution, according to the governor of the Bank of England.
Andrew Bailey said the UK must have training, education and skills in place so workers can move into roles using AI. He told BBC Radio Four people with those skills would find work easier, but warned younger and inexperienced workers may struggle to secure entry level jobs.
The suspect in the deadly shooting at Brown University in the United States has been found dead.
Two students, Mukhammad Aziz Umurzokov and Ella Cook, were killed and nine were injured during the shooting inside a classroom building at the Ivy League university in Providence, Rhode Island, on Saturday. Police speaking at a news conference in Providence said the suspect was found dead.
European Union leaders have agreed to provide Ukraine with a £90bn euro interest free loan to support its war effort and economic needs for the next two years.
European Council President Antonio Costa announced the deal after an intensive day of talks in Brussels. Kirill Dmitriev, a key Kremlin envoy in recent negotiations with the Americans, described EU leaders as warmongers. He said voices of reason within the bloc had been ignored.
Millions of people will soon be able to set their own contactless card payment limits or remove limits entirely, according to the financial regulator.
From March, banks and card providers can set higher or unlimited single payment amounts without entering a four digit PIN. The Financial Conduct Authority is encouraging customers to choose personal limits or switch contactless off, despite limited demand to change the current one hundred pound cap.
Golfer Rory McIlroy has been voted BBC Sports Personality of the Year twenty twenty five after completing the career Grand Slam and helping Europe win the Ryder Cup.
The thirty six year old from Northern Ireland secured the feat in April by winning the Masters at Augusta National. He became the sixth man and first European to achieve the Slam.
Britain’s roads, railways and airports are expected to be extremely busy as festive travel reaches its peak.
The AA warns of gridlock on Friday with twenty four point four million cars due.
