Monday newspaper round-up: TikTok, London salaries, Airbus

(Sharecast News) - TikTok said on Sunday that it was restoring services in the US after Donald Trump pledged earlier in the day to give the video app a reprieve on its US ban. Trump wrote on Truth Social that after taking office on Monday he would sign an executive order allowing the Chinese-owned video app additional time to find a buyer before facing a total shutdown, and proposing that the US or an American firm take a 50% ownership stake. - Guardian

The average London worker could quit their job in August and still be paid what an average worker in Burnley would make in a year, according to a report highlighting Britain's stark regional pay divide. Calling on the government to close regional pay divisions and increase economic growth, the Centre for Cities said the average annual wage for an employee in London was almost £20,000 higher than in the lowest-paid places in the UK. - Guardian

Ministers must enforce a ban on foreign state ownership of newspapers to force the sale of The Telegraph by an Abu Dhabi fund, the former Conservative leader Sir Iain Duncan Smith has said. He accused the Government of "foot-dragging" over the process out of concern for relations with the United Arab Emirates, which has been overseeing what has been dubbed "the auction from hell". - Telegraph

Airbus is providing financial assistance to some of its industrial suppliers in an attempt to raise production in 2025 despite continuing disruption to the supply chain since the pandemic. Last year the company missed its delivery targets primarily because of issues at one of its main engine providers, CFM, a joint venture between America's GE and Safran of France. - The Times

The cost of improving the Office for National Statistics' labour market survey has almost doubled over the past year amid persistent delays to its publication, underscoring concerns over the validity of UK economic data. A response to a freedom of information request from The Times revealed that the agency has spent £40.4 million on creating the transformed labour force survey, up from an earlier estimate of £24.1 million. - The Times