News

Tom Pellereau, the first winner of The Apprentice to secure an equity investment from Lord Sugar, has regained full ownership of his business after buying out Lord Sugar’s 50 per cent stake. The deal, agreed 14 years after the original investment, returns Styl Pro to 100 per cent founder ownership and marks the end of one of the show’s longest-running business partnerships. Financial terms of the buyout have not been disclosed. Pellereau founded Styl Pro...

Trump Media & Technology Group, the company behind President Donald Trump’s Truth Social platform, is set to merge with fusion energy company TAE Technologies in a deal valuing the combined business at more than $6bn (£4.4bn). The tie-up, announced by the two companies on Thursday, marks a striking strategic pivot for Trump Media, taking it beyond social media and financial products into the fast-developing world of next-generation energy. The firms said the transaction would create...

Millions of people could soon be able to spend more than £100 with a single tap of their bank card, after the financial regulator confirmed plans to lift the current contactless payment limit. From March, banks and card providers will be allowed to set their own maximum limits for contactless payments, including the option of removing the cap altogether, without requiring customers to enter their PIN. The Financial Conduct Authority (FCA) has also encouraged firms...

TikTok has taken a decisive step towards securing its future in the United States after its Chinese owner, ByteDance, signed binding agreements with a group of US and international investors to operate the app’s American business. In a memo to staff on Thursday, TikTok’s chief executive, Shou Zi Chew, confirmed that the deal will see a new joint venture take control of the platform’s US operations, bringing to an end years of political uncertainty and...

The UK has named veteran diplomat Christian Turner as its new ambassador to the United States, replacing Lord Peter Mandelson, Downing Street has confirmed. Turner, a career Foreign Office official with nearly three decades of experience across Whitehall and overseas postings, will take up one of Britain’s most senior diplomatic roles at a pivotal moment in the transatlantic relationship. His appointment follows the departure of Mandelson, who was removed by Prime Minister Sir Keir Starmer...

Are you running a small business that’s growing? Congratulations. Chances are that you’re dealing with several things at once. Maybe you’re managing your team and chasing invoices, all while trying to find five minutes for lunch. Your plate is full. It’s because of this that you may forget about waste management. You might not realise it, but inefficient waste disposal can cost you time, money, and impact your team’s productivity. All that debris adds up,...

You’re getting solid results. ROAS looks healthy. You go to increase your daily budget and Facebook refuses to let you go beyond $50. Frustrating? Definitely. Random? Not at all. What you’re running into isn’t a mysterious bug. It’s part of Meta’s risk and pacing system — and once you understand how it works, you can plan around it instead of fighting it. Daily Budget vs. Account Spending Limits First, it helps to separate two different...

Artificial intelligence is likely to displace workers from jobs in a way comparable to the Industrial Revolution, the governor of the Bank of England has warned, as concerns grow over the impact of the technology on entry-level employment and younger workers. Andrew Bailey said the rapid adoption of AI across the economy made it essential that the UK invested in training, education and skills to help workers transition into new roles created by the technology....