WASHINGTON (AP) — Congress sends Biden bill requiring TikTok's parent
The legislation, which gives ByteDance nine months to sell TikTok and a possible three-month extension if a sale is in progress—now goes to President Biden for signature.
A Shenzhen-based company on Monday released the worlds first zero-carbon open-ear earbuds, the latest of a series of technological breakthroughs fast-tracked by Chinas dual carbon goals.The Cleer ARC 3, produced by Shenzhen Grandsun Electronic Co., Ltd., was launched in Shenzhen, a tech hub in s ..
Chinese firms are racing to set up factories in Mexico to bypass US tariffs and sanctions.
Meta Platforms, Inc. (NASDAQ: META ) Chief Operating Officer Javier Olivan
The U.S. doesn't want Chinese automakers to use Mexico to avoid tariffs
Bill gives app owner, ByteDance, a year to divest, and while Biden is expected to sign it, the company plans to fight itThe Senate voted Tuesday to pass a bill that will either ban TikTok or force a sale of the short-form video app, giving its China-based parent company ByteDance up to one year to divest its crown jewel before facing deletion from US app stores.The vote was a landslide, with 79 senators voting in favor and 18 against. The bill passed in the House on Saturday by a margin of 360...
Hackers linked to the Chinese government are waiting for the right moment to “deal a devastating blow” to U.S. critical infrastructure, FBI Director Christopher Wray said Thursday. The Chinese hacking group known as Volt Typhoon has gained access to many American companies in critical sectors, including energy, water and more, Wray said during a speech at Vanderbilt
Shares of Donald Trump's social media company slumped 12% on Monday, extending their string of losses, after the company said in a regulatory filing that it could sell millions of additional shares in coming months.
.The filing showed a potential sale of 146.1 million shares including 114.8 million shares owned by Trump himself.
.Trump's media company raises going-concern doubts; shares tumble.It also listed an additional 21.5 million shares that could be sold upon the exercise of...
Over 1,300 Layoffs Hit Logistics Companies Across US By Noi Mahoney of FreightWaves Layoffs continue across the freight and logistics industry, with companies in Florida, Georgia, Illinois, Michigan and Texas announcing job reductions and facility closures over the past two weeks. Universal Logistics Warren, Michigian-based Universal Logistics is permanently shuttering two of its subsidiaries and laying off a total of 677 employees, according to notices recently filed with the...
China's EV industry benefits from billions of dollars in government subsidies.
The Senate passed a bill Tuesday to force TikTok's China-based parent company, ByteDance, to sell the video sharing social media platform or face a ban in the U.S., as lawmakers accuse the platform of collecting user data and spreading propaganda. The TikTok legislation was part of a larger $95 billion package to provide foreign aid to Ukraine, Israel and Taiwan that passed the Upper Chamber by a 79 to 18 vote. The package now heads to President Biden, who said he plans to sign it Wednesday....