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UK Parliament shuts down its TikTok account over China concerns

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4 years ago

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Downing Street and senior ministers are being urged to shut down their TikTok accounts amid rising tensions with Beijing.

Conservatives have been pushing for the UK Parliament’s account to be closed. British MPs said they had not been informed about the account, and shared concerns over security.

“In light of your feedback and concerns expressed to us, we have decided that the account should be closed with immediate effect.”

Lindsay Hoyle, HOUSE OF Commons Speaker

Iain Duncan Smith is a Conservative MP, who is urging Downing Street and senior ministers with TikTok accounts to abandon the platform.

“[It] should send a strong signal to everybody else that they shouldn’t be setting up TikTok accounts because they’re a threat,” he said.

Some MPs have been reportedly sanctioned by Beijing for speaking out against alleged human rights abuses.

“While it is important to reach people through a wide range of channels, we would never jeopardise our security and take all our arrangements extremely seriously.”

DOWNING STREET SPOKESPERSON

TikTok has reportedly offered to meet the MPs and share their processes for protecting data.

“While it is disappointing that Parliament will no longer be able to connect with the millions of people who use TikTok in the UK, we reiterate the offer to reassure those members of Parliament who raised concerns and clarify any inaccuracies about our platform,” a company spokesperson said.

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Costa is a news producer at ticker NEWS. He has previously worked as a regional journalist at the Southern Highlands Express newspaper. He also has several years' experience in the fire and emergency services sector, where he has worked with researchers, policymakers and local communities. He has also worked at the Seven Network during their Olympic Games coverage and in the ABC Melbourne newsroom. He also holds a Bachelor of Arts (Professional), with expertise in journalism, politics and international relations. His other interests include colonial legacies in the Pacific, counter-terrorism, aviation and travel.

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U.S. dollar weakens while Australian dollar rises amid global market shifts

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3 days ago

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January 30, 2026

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US dollar weakens as Trump comments; Australian dollar gains from commodity prices and RBA rate hike expectations


The US dollar is coming under pressure as the economy remains strong and President Trump comments on its decline. We explore how this is impacting major currencies around the world and what it means for investors.

Meanwhile, the Australian dollar is benefiting from rising commodity prices and growing expectations of an RBA rate hike. Global investors are increasingly drawn to Australia’s bond market as economic conditions shift.

Currency trading strategies are adapting to this changing landscape, with potential implications for interest rates and international markets. Steve Gopalan from SkandaFX breaks down the trends.

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#USDDollar #AustralianDollar #ForexTrading #RBA #InterestRates #GlobalEconomy #CurrencyMarket #Ticker


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Wall Street slides as AI spending raises investor concerns

Wall Street dips as AI spending scrutiny rises; Microsoft struggles while Meta thrives. Tune in for insights!

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3 days ago

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January 30, 2026

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Wall Street dips as AI spending scrutiny rises; Microsoft struggles while Meta thrives.


Wall Street closed lower on Thursday, with the Nasdaq leading losses as investors questioned whether Big Tech’s massive AI spending will pay off. Microsoft shares tumbled after revealing record AI infrastructure costs, while Meta rallied on strong earnings and a bullish outlook.

Kyle Rodda from Capital.com joins us to explain what spooked markets, which tech names are holding up, and whether AI budgets are getting too big.

We also discuss rate expectations, macro risks, and what to watch in the upcoming earnings season.

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Tesla brand value plummets amid Elon Musk’s political focus

Tesla’s brand value plummeted to $27.61 billion in 2025 amid Musk’s political shift, sparking investor concern.

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5 days ago

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January 28, 2026

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Tesla’s brand value plummeted to $27.61 billion in 2025 amid Musk’s political shift, sparking investor concern.

Tesla’s brand value plummeted by $15.4 billion in 2025, falling to $27.61 billion from $66.2 billion in early 2023. Analysts say Elon Musk’s political focus and a slowdown in new models have distracted the company’s core business.

In the U.S., Tesla’s recommendation score sank to just 4 out of 10, down from 8.2 in 2023. Despite this, loyalty among existing owners remains high at 92 per cent, showing a strong but shrinking fan base.

#TeslaNews #ElonMusk #BrandValue


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