Business

TikTok is being accused of “backtracking” on its safety commitments, as it puts hundreds of moderator jobs at risk in its London office.  In August, the company announced that hundreds of jobs were at risk in its Trust and Safety offices. In an open letter to MPs, the Trades Union Congress (TUC) said on Thursday…

A “significant” step has been taken in establishing a national restorative justice programme for victims of the Post Office’s Horizon IT scandal. Children of affected postmasters, as well as those directly hit by the faulty accounting software, will be part of the partially Fujitsu-funded programme, as the UK’s Restorative Justice Council acknowledged more than financial…

The manager of the bulk of TGI Fridays’ restaurants around the world has swooped to buy its British operations in a deal which preserves all 2,000 jobs at the chain. Sky News has learnt that Sugarloaf TGIF Management, run by former TGI Fridays chief executive Ray Blanchette, has struck a deal to take control of…

Tech giants Apple and Amazon have defied industry predictions with better-than-expected financial results. Apple’s success is largely thanks to record-breaking iPhone sales, while Amazon’s is down to cloud computing arm Amazon Web Services (AWS), in spite of last week’s outage which knocked out thousands of websites. AWS revenue accelerated 20.2% to $33bn (almost £25bn), which…

Virgin has cleared the first step in its plan to launch a rival Eurostar service. The company, owned by billionaire Sir Richard Branson, has been granted access to share Eurostar’s Temple Mill international depot in east London. The decision, by the rail regulator, the Office of Rail and Road (ORR), is an important first step…

Monzo, the digital bank which counts one in five British adults among its customers, is shaking up its leadership ahead of a public flotation that investors hope could value it at up to £10bn. Sky News has learnt that Monzo is to name Diana Layfield, a former Google and Standard Chartered executive, as its new…

Some of the world’s biggest tech giants reported quarterly earnings on Wednesday – with a mixed bag of results as fears grow that a bubble is forming in artificial intelligence. Microsoft revealed that its spending on AI infrastructure hit almost $35bn (£26.5bn) in the three months to the end of September, a sharp rise compared…

Victims of the Post Office Capture scandal say they are being treated as second-class citizens – accusing the government of running a “two-tier” compensation system. It comes as the Department for Business and Trade announced the launch of the first-ever redress scheme for those wronged after faulty software created false accounting shortfalls in the 1990s….

Every month, the Money blog interviews top chefs from around the UK, hearing about their cheap food hacks, views on the industry and more. Today they speak to Sian Almond, senior chef de partie – and former breakfast supremo – at the Michelin-starred restaurant Pavyllon London. My favourite budget recipe is… a spag bol, absolutely…

Roughly 14,000 corporate jobs are to go at tech giant Amazon, the company announced. The impact on the 75,000-strong UK workforce is not immediately clear from the announcement, which said impacted people and teams would hear from leadership on Tuesday. Money blog: ‘We’ve assets worth £1m – how much inheritance tax will we owe?’ A…