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Industry Keyword: US

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Trump issues bans on China’s Tencent and ByteDance

President Donald J Trump has unveiled sweeping bans on US transactions with China's ByteDance, owner of video-sharing app TikTok, and Tencent, the operator of messenger program WeChat, in a significant escalation of tensions with...

Twitter labels state media, government officials’ accounts

Twitter will tag their senior staff state-affiliated media outlets and some government officials' accounts, the company said in a blog post yesterday. The reports of Russia's Sputnik, RT, and China's Xinhua News are among the...

Ride-hail drivers face tough choices as US aid expires

Uber driver Johan Nijman faces a challenging decision as unemployment aid expires: risk failing to pay for groceries and even lose his home, or resume driving and catch coronavirus. Nijman is among tens of thousands...

Buy now, pay later platform Sezzle tests the waters in India

Rising FinTech Sezzle is testing its service offering in India for an expected launch at the end of the year, Charlie Youakim its CEO said, as competition intensifies in the industry. Moving into India would...

Explainer: Facebook and TikTok’s tense history

Facebook's just escalated a fight with TikTok with yesterdays official launch of its new short-video feature Reels, a service embedded within ultra popular Instagram app. The introduction arrived at a fraught moment for TikTok, which...

US steps up campaign to purge ‘untrusted’ Chinese apps

The Trump administration has said it had been stepping up efforts to purge "untrusted" Chinese programs from US digital networks and called the Chinese-owned short-video program TikTok and messenger program WeChat "significant threats." US Secretary...

Facebook launches its TikTok-like product inside Instagram

Facebook has rolled out its version of social networking TikTok in over 50 other countries, including the United States. The new short-form video service named Reels sits within the Instagram app. The introduction comes days...

Rackspace IPO prices at low end of target range

Cloud solutions firm Rackspace Technology sold shares in its IPO on Tuesday at $21 per share, the lowest end of its target range, to raise $703.5 million, the company said. The IPO valued the Texas-based...

ByteDance founder defends TikTok’s US strategy

ByteDance founder Zhang Yiming has told employees that there were misunderstandings on Chinese social websites concerning TikTok's situation in the US and that the business could face difficulties as sentiment climbed abroad. His comments in...

White House adviser Navarro suggests Microsoft divest its China holdings

White House trade adviser Peter Navarro suggested on Monday that Microsoft Corp could divest its holdings in China if it were to buy the Chinese possessed short-video program TikTok. "So the question is, is Microsoft...

China says it will not accept US ‘theft’ of TikTok

China will not accept the "theft" of a Chinese tech company and is able to respond to Washington DC's movement to drive ByteDance to market short-video program TikTok's US operations to Microsoft, the China...

Trump to give ByteDance 45 days to agree sale of TikTok

President Trump has agreed to provide China's ByteDance 45 days to negotiate the sale of TikTok to Microsoft, two individuals knowledgeable about the issue said on Sunday. KEY POINTS: President Donald J Trump agrees to...