U.S. Treasury Secretary Scott Bessent looks on as he speaks to the media, following the trade talks between the U.S. and China, in Kuala Lumpur, Malaysia October 26, 2025. REUTERS/Hasnoor Hussain

US Treasury Secretary Scott Bessent says US and China ‘reached a final TikTok deal’ for Trump-Xi to seal

US Treasury Secretary Scott Bessent confirmed the finalization of an agreement on TikTok, following months of negotiations over Chinese control of the app’s algorithm. “We reached a final deal… and I believe that as of today, all the details are ironed out,” speaking to CBS from Kuala Lumpur, Bessent said, noting that the leaders would…

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China tightens rare earth export controls, targets defence, semiconductor users

China tightens rare earth export controls, targets defence, semiconductor users

China tightened its rare earth export controls on Thursday, expanding restrictions on processing technology, barring unauthorised overseas cooperation and spelling out its intention to limit exports to overseas defence and semiconductor users. The announcement from the Ministry of Commerce clarifies and expands sweeping controls announced in April that caused massive shortages around the world before…

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