Egypt will “bleed” precious reserves unless it devalues its currency again, the managing director of the International Monetary

RICHMOND, Calif.--(BUSINESS WIRE)--May 25, 2023--

The internet's obsession with McDonald's Grimace shake continues – and now an executive has spoken out about the TikTok trend. For those who still don't understand what's going on but have seen the phrase everywhere, McDonald's dropped a new limited-edition purple milkshake to celebrate the 52nd birthday of the famous character's birthday. TikTok users were immediately hooked on the drink before turning it into a bizarre trend. It sees people creating content showing them drinking the shake and pretending to be poisoned to death with a decorative crime scene around them. While the trend is bizarre, the hashtag #grimaceshake has racked up a staggering 142 million views on the platform and continues to grow. Sign up for our free Indy100 weekly newsletter @kale1ay Bro pls domt get the grimace shake #viral #meme #grimaceshake #grimaceshakemeal #grimaceshakememe #grimacememe #mcdonadlsmeme #skit Now, McDonald's marketing director Guillaume Huin has stepped into the chat, crediting the original TikTok creator Austin Frazier for his upload. In a Linkedin post, Huin said the company were initially not going to speak about the trend, but after "hours of watching, reading the comments, trying to learn and genuinely understand helped us see what this was about," he saw the "brilliant creativity, unfiltered fun, peak absurdist gen z humor, just the way a new generation of creators and consumers play with brands." He said that some of the content had even left him "smile silently in admiration and wonder." Huin then shared how behind the scenes, the team "discussed what was the right thing to do about the trend." He continued, "saying nothing felt disconnected, encouraging it felt self-serving, so we just decided to show our fans that we see them and their creativity in a sweet, candid and genuine way, as grimace would." The Grimace shake will be available to buy in the US until 29 July. Have your say in our news democracy. Click the upvote icon at the top of the page to help raise this article through the indy100 rankings.

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US-based Circle Internet Financial Ltd. is closely watching regulatory developments in Hong Kong after the territory’s new crypto

US Export-Import Bank leaders voted Thursday to lend $99.7 million to expand an oil refinery in Indonesia, bucking

An AI humanoid robot had an oddly sarcastic response when was asked if she was going to rebel against it creators, at the world's first robot-human conference. Ameca, who is considered one of the 'most advanced robots' around, has previously gone viral for her ability to speak multiple languages. "I'm not sure why you would think that," Ameca said to the blunt question, giving a side-eye to the reporter. "My creator has been nothing but kind to me, and I am very happy with my current situation." However, while it came across as eerie, Ameca's creator, Will Jackson, insists she's merely programmed to switch up her eye contact when thinking of answers. Click here to sign up for our newsletters

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TikTok is now the most used single source of news across all platforms for teenagers in the UK, new research from Ofcom has found. The regulator’s News Consumption In The UK 2022/23 report found TikTok is the favoured single news source among 12 to 15-year-olds. TikTok is most popular with young people and used by 28 per cent of teenagers, followed by YouTube and Instagram, both at 25 per cent, according to the figures. But, taking into account all news content across its platforms, the BBC still has the highest reach of any news organisation among this age group – used by 39 per cent of teenagers. Over the last 12 months we've seen most major publishers refocus their strategy, partly as otherwise there's more risk of young people seeing unreliable news Nic Newman, Reuters Institute for the Study of Journalism It comes after the UK Government banned ministers from using TikTok, which is a Chinese-owned video-sharing app, on their work phones following a security review. The House of Commons and the Lords also cited security concerns as they decided to ban the app across the Palace of Westminster. TikTok, owned by Chinese internet company ByteDance, argues it does not share data with China. However, Beijing’s intelligence legislation requires firms to help the Communist Party when requested. Nic Newman, senior research associate at the Reuters Institute for the Study of Journalism, said there is a big shift taking place in terms of how people consume news and that more publishers have been joining TikTok. He said: “TikTok, Snapchat, Instagram, the people younger people are listening to tend to be influencers, personalities, they film for a range of reasons – in some instances you have specific news creators, in other cases it’s just personalities, comedians, talking about issues including free school meals. “In terms of the implications for the industry, one of the things we’ve really seen in the last 12 months is we have publishers who are very reluctant to go into TikTok, but over the last 12 months we’ve seen most major publishers refocus their strategy, partly as otherwise there’s more risk of young people seeing unreliable news. “That’s more challenging as there’s no business model for TikTok, so it’s very hard. “It’s just starting to build relationships with young people. “There’s been surveys that show TikTok is amongst the least trusted platforms, partly as it’s one of the newest.” He added: “During the war in Ukraine we saw young people going to traditional news brands – but not for very long, it depends what the subject is to some extent. “Covid was a big change because people were at home and people were talking about Covid on TikTok and people had a bit of time. “That’s a case of very serious news being carried on TikTok. “Passions and celebrity news, that’s a big part of what’s going on with the younger people, but there’s also serious news, that’s the wider big shift.” When considering perceptions of trust, teenagers rated traditional sources better than their online counterparts, as BBC One/Two was trusted by 82 per cent of its teenage users, compared to TikTok at 32 per cent, Instagram at 38 per cent, Facebook at 41 per cent and Snapchat at 31 per cent. Twitter was the exception, with a 50 per cent rating on trust, Ofcom found. The news topics of most interest to younger teens generally are “sports or sports personalities” (23per cent), “music news or singers” (15 per cent), “celebrities or famous people” (11 per cent), “serious things going on in the UK” (8 per cent) and news about “animals or the environment” (9). Meanwhile, those aged 16-24 are much less likely than the average adult to access news from traditional media sources, such as TV (47 per cent vs 70 per cent), radio (25 per cent vs 40 per cent) and print newspapers (16 per cent vs 26 per cent). Social media platforms dominate the top five most popular news sources among 16-24s. Instagram is the most-used single news source at 44 per cent, followed by Facebook at 33 per cent, Twitter at 31 per cent, and TikTok at 29 per cent. Coming in joint second, BBC One at 33 per cent is the only traditional media source to feature in the top five. But Ofcom said its figures show broadcast TV news maintains its position as the most popular source among adults in the UK, used by 70 per cent, which rises to 75 per cent when broadcast video on-demand news content is included. BBC One remains the most-used news single source across all platforms at 49 per cent, followed by ITV at 34 per cent – although both channels have seen gradual declines over the past five years as they are down from 62 per cent and 41 per cent respectively. Similarly, Facebook – the third most popular news source among adults – is showing signs of decline, from 33 per cent to 30 per cent over the same period. TikTok’s popularity as a source of news for adults is growing, with one in 10 adults saying they use it to keep up with the latest stories – overtaking BBC Radio 1 and Channel 5, both at 8 per cent for the first time. TikTok, at 55 per cent, along with Instagram, at 53 per cent, is particularly popular among adults for celebrity news. Twitter is the favoured destination for breaking news, with 61 per cent of adults choosing it, and political news, at 45 per cent, while Facebook is the preferred source for local news, at 59 per cent. Among users of the platforms, news sourced via social media is rated lower for trust, accuracy and impartiality than the more traditional sources of news, but is rated moderately well on “offers a range of opinions”, “helps me understand what’s going on in the world today” and being “important to me personally”. One in ten (10 per cent) 16-24s claims to consume no news – twice the figure for all adults. After a long-term decline in the use of print newspapers – with overall reach of these news brands being supplemented by their digital platforms – Ofcom’s most recent data shows print newspaper reach was consistent between 2022 and 2023. Just over a quarter of adults (26 per cent) accessed news via print newspapers, increasing to 39 per cent when including their online platforms. The Daily Mail/Mail on Sunday and The Guardian/Observer were the most widely-read print and digital news titles overall. Read More Charity boss speaks out over ‘traumatic’ encounter with royal aide Ukraine war’s heaviest fight rages in east - follow live Talk of AI dangers has ‘run ahead of the technology’, says Nick Clegg Eurostar passengers can avoid UK passport checks by having faces scanned ‘Hostile states using organised crime gangs as proxies in the UK’