TikTok’s Chinese owner, ByteDance, has finalised a deal to establish a majority US-owned joint venture company to avoid a ban on the popular social media app used by more than 200 million Americans. The deal is a milestone for the short video app after years of battles that began in August 2020, when US President…
The Chinese commerce ministry’s latest remarks on the TikTok deal in the US signalled acceptance rather than approval, as Beijing “hopes” the arrangement will comply with Chinese laws and strike a balance between rival interests, analysts say. The Chinese Ministry of Commerce, which oversees trade and export controls, declared its position a week after TikTok…
ANKARA Türkiye and the United Kingdom signed a cooperation deal on the Eurofighter Typhoon fighter jets during British Prime Minister Keir Starmer’s visit to Ankara on Monday, marking a new step in defense ties between the two NATO allies. President Recep Tayyip Erdoğan hailed the agreement as “a new symbol of our strategic partnership” and…
OpenAI bestowed its blessings and backing on another tech company Monday, inking a deal with chipmaker Advanced Micro Devices, instantly making it one of the hot companies investors hope will be at the forefront of the artificial intelligence boom. The shares of AMD soared more than 30% after the company behind ChatGPT said it plans…
President Trump said Friday that he has reached a deal with China to keep the popular social video app TikTok running in the U.S. Trump said on his social media platform that he had a “very productive call” Friday morning with China’s President Xi Jinping. TikTok is owned by Chinese tech company ByteDance, a fact…
Oracle (ORCL) stock rose more than 3% on Monday as the US and China reached a preliminary TikTok deal during trade talks in Madrid. Treasury Secretary Scott Bessent said Monday that the two countries have agreed on a framework for a deal, multiple media outlets reported. Trump and Chinese President Xi Jinping are set to…
We’ve read quite a bit about President Trump’s “hot mic” comment, during a meeting with European leaders about the Russian war against Ukraine, that Vladimir Putin “wants to make a deal for me, as crazy as it sounds.” Pundits debated whether this was an embarrassment for Trump; they wondered why he would say such an…
SEATTLE — Washington-based aircraft corporation Boeing is in talks to sell as many as 500 jets to China, according to Bloomberg News. “This is wonderful news for Washington [state], obviously, with new jobs,” aviation expert Michael Boyd said. SEE ALSO | Boeing secures big win landing $96 billion deal with Qatar Airways If the 500…
KIGALI, Rwanda — Rwanda on Tuesday became the third African nation to agree to accept deportees from the United States under the Trump administration’s plans to send migrants to countries they have no ties with to get them off American soil. Rwandan government spokesperson Yolande Makolo told the Associated Press in a statement that the East African…
TOKYO — South Korean stocks fell sharply on Friday, recording their biggest percentage decline in four months due to investor concerns about the downsides of the country’s trade deal with the U.S. and disappointment over a domestic tax reform plan. The benchmark KOSPI extended its losses from the previous day and closed down 3.9%, marking its biggest…