Closing post
Time to wrap up…
The governor of the Bank of England has urged the world’s leading global institutions to fight back against the rise of populism, warning it represents one of the biggest threats to improvements in living standards.
In a thinly veiled response to Donald Trump’s attempts to interfere with the independence of the US Federal Reserve, Andrew Bailey said that he and the heads of other institutions had a duty to “challenge back” populist narratives.
“Part of the purpose of international agencies is that from time to time they have to tell us what we don’t want to hear, let alone act upon,” he said. “Of course, they have to be accountable for the accuracy and quality of the assessment. But, accepting that, we have to call out messenger shooting.”
TikTok will begin to roll out new age-verification technology across the EU in the coming weeks, as calls grow for an Australia-style social media ban for under-16s in countries including the UK.
ByteDance-owned TikTok, and other major platforms popular with young people such as YouTube, are coming under increasing pressure to better identify and remove accounts belonging to children.
The system, which has been quietly piloted in the EU over the past year, analyses profile information, posted videos and behavioural signals to predict whether an account may be belong to a user under the age of 13.
Water access has been restored to most homes in the Tunbridge Wells area after almost a week of disruption, the provider South East Water has said.
The outage began on Saturday, which SEW blamed on Storm Goretti causing burst pipes and power cuts. It forced many of the affected households in the Tunbridge Wells area to pick up bottled water from makeshift distribution centres and travel out of the area to wash and use flushing toilets.
US markets open stronger
The US stock market has opened stronger today, with the S&P 500 nudging up 0.23%. The Nasdaq Composite is up 0.47%.
The biggest riser so far today in the S&P is Micron Technology, the semiconductor manufacturer, which has shot up 7%.
