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But the Financial Times reports that the bank also warned unemployment will remain high until at least the end of next year, adding that Chancellor Rishi Sunak is coming under pressure to extend the jobs furlough scheme. The paper’s lead story says Microsoft has shifted its focus to buying the whole of Chinese social media company TikTok, instead of just its US operation.

Financial Times Front Page 24th of January 2025

During a speech at the World Economic Forum, Trump called for OPEC to reduce oil prices and urged central banks to lower interest rates, suggesting that such measures could help end the conflict in Ukraine and arguing that borrowing costs should align with the United States.

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