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TikTok says to increase investment in Britain
TikTok says to increase investment in Britain
by  AFP

TikTok plans to raise its investment in the UK, its biggest community in Europe, with the creation of 500 more jobs, the Chinese-owned social media giant announced Monday. Around half the UK population, more than 30 million people, use TikTok each month, making it the platform's "largest user-community in Europe", the statement added.

Defence or environment? London faces spending choices
Defence or environment? London faces spending choices
by  AFP

Torn between growing geopolitical tensions and constrained public finances, Britain's finance minister Rachel Reeves is set to unveil feared trade-offs in a government spending review on Wednesday. Reeves, the chancellor of the exchequer, is to detail day-to-day spending plans in her review to parliament on Wednesday.

Chinese consumer prices continue to fall as US trade talks loom
Chinese consumer prices continue to fall as US trade talks loom
by  AFP

Chinese consumer prices fell for the fourth straight month in May, data showed Monday, as the world's second biggest economy struggles with sluggish spending and global trade turmoil. The China-US talks in London will mark the second round of formal negotiations between the world's two largest economies since Trump launched his global trade blitz in April.

Asian markets rally ahead of latest China-US trade talks
Asian markets rally ahead of latest China-US trade talks
by  AFP

Stocks rallied Monday on hopes that a fresh round of China-US trade talks later in the day will ease tensions between the economic superpowers, while investors were also cheered by forecast-topping US jobs data. The talks come days after Trump and Chinese counterpart Xi Jinping held their first publicly announced telephone talks since the US president returned to the White House.