Connect with us
https://tickernews.co/wp-content/uploads/2023/10/AmEx-Thought-Leaders.jpg

Money

UK Parliament shuts down its TikTok account over China concerns

Published

on

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.

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.

Continue Reading

Money

Warner Brothers & Discovery considers splitting up to boost stock value

Published

on

Warner Bros Discovery is considering a strategic breakup to enhance its stock performance, according to a Financial Times report.

The potential move aims to unlock value by separating its media assets from its reality TV and lifestyle businesses.

This decision follows pressure from investors to improve stock performance, amidst challenges in the media industry #featured #trending

Continue Reading

Money

Investors worldwide grow increasingly optimistic about Trump winning the election

Published

on

Investors are increasingly optimistic about Donald Trump’s potential re-election, prompting a resurgence in the so-called ‘Trump trade’.

Market participants are closely monitoring Trump’s political strategies and public sentiment, influencing their investment decisions.

Kyle Rodda from Captial.com joins to discuss all the latest.

Continue Reading

Money

Netflix expands use of ads despite slow subscriber growth

Published

on

Netflix is intensifying its efforts to introduce an ad-supported tier amidst a plateau in subscriber growth.

The streaming giant hopes to attract new users and boost revenue by offering a cheaper alternative that includes advertisements.

This move marks a significant shift from its traditional ad-free model, reflecting Netflix’s response to competitive pressures and evolving consumer preferences.

Continue Reading

Trending Now