US-China tensions rise over TikTok; markets eye manufacturing reports – business live

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US-China tensions rise over TikTok; markets eye manufacturing reports – business live
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TikTok reportedly relocating to London as Microsoft confirms acquisition plans; HSBC profits hammered by Covid-19 and China-US tensions; gold hits new record high

London risks losing its aura as a ‘fun’ place to work, a think tank has warned. The capital could also lose £178m each month in spending on lunch, after-work drinks, coffee/tea, snacks, stationery and other office equipment if companies don’t bring back office workers from WFH.

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Facebook seems to be the only winner.

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