Chinese tech giant ByteDance reportedly wants TikTok to shutdown in the United States if its legal fight against the recently passed ban-or-sell legislation fails.
A new report suggests China could retaliate following President Joe Biden signing into law legislation that would force the sale of TikTok—or ban the app. President Biden signed the legislation into law last week alongside a military aid package for Ukraine and Israel. The bill gives ByteDance around nine months to a year to divest […]
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Sanctions on payments between China and Russia have reportedly created a thriving market for middlemen. In fact, half of all payments by Russian companies for Chinese products are now handled by intermediaries, Reuters reported Friday (April 26), citing four sources. As the report noted, the United States Treasury has warned it could impose sanctions on […]
TikTok owner ByteDance would reportedly rather shut down the social media platform than sell it. That’s what the firm plans to do if it is unsuccessful in its legal efforts to fight legislation that would ban TikTok from app stores in the United States if it is not sold, Reuters reported Thursday (April 25), citing unnamed sources. ByteDance considers TikTok’s […]
In this week’s newsletter: While Apple removed the platform from App Stores without a squeak of public protest, its battle with the EU rages on. Plus, how a ban in the US could change TikTok everywhere• Don’t get TechScape delivered to your inbox? Sign up for the full article hereAnother day, another set of troubles for Apple’s App Store. This time, the company had bowed to orders from the Chinese state to remove WhatsApp and Threads, two of the last Meta apps still available in the country.From...
Beijing on Monday called reports about 23 Chinese swimmers testing positive for a banned substance ahead of the Tokyo Olympics in 2021 "fake news".The sport was rocked at the weekend by revelations that the swimmers tested positive for trimetazidine (TMZ) -- a prescription heart drug that is banned in athletes because it can enhance performance -- before the Games three years ago.The swimmers were allowed to compete in Tokyo after world governing bodies accepted China's findings that they had...
WASHINGTON — Tucked inside the sprawling $95 billion national security package headed to President Joe Biden’s desk is a provision that could ban TikTok, with an important catch: It won’t happen before the 2024 election. That means TikTok, which boasts 170 million American users, will remain a force throughout the campaign, providing a platform for candidates to reach predominantly younger voters. An earlier version of the bill could have banned the popular video-sharing app prior to the...
The Senate voted late Tuesday by a wide margin to send legislation to President Joe Biden that would require Chinese owner ByteDance to divest TikTok's U.S. operations within about nine months or face a ban.
A new disclosure reveals Instagram owner Meta spent more than ever on lobbing Congress and the White House as legislation to potentially ban its competitor, TikTok, was drawn up and passed.
China is expanding its territory on a small island in the Caribbean considered to be in the “backyard” of the United States, according to leaked documents. The island of Antigua, which is roughly 220 miles from the U.S. Virgin Islands,
Apple will report its Q2 earnings after the bell on Thursday, as Wall