The U.S. Commerce Department plans to issue an order today that will bar people in the United States from downloading Chinese-owned messaging app WeChat and video-sharing app TikTok starting on September 20, three officials told Reuters.
Business & Financial News, U.S & International Breaking News
What are the Fed's new hurdles for rate hikes? Only the Fed knows
The U.S. Federal Reserve on Wednesday effectively established a three-part test that must be met before it will raise interest rates: the economy must be at "maximum employment," inflation must have "risen to 2 percent" and it must be "on track to moderately exceed 2 percent for some time."
In bumpy U.N. dealings, Trump found backing on North Korea, isolation on Iran
Though famously skeptical of the United Nations, U.S. President Donald Trump harnessed its collective power to impose crushing sanctions on North Korea in a bid to start talks with Pyongyang, but faces frustration over a similar push on Iran.
Judge blocks 'politically motivated' changes to U.S. Postal Service ahead of election
A federal judge on Thursday blocked controversial changes to the United States postal service, saying they were "a politically motivated attack" that had slowed the nation's mail and likely would slow the delivery of ballots in the upcoming presidential election.
ByteDance plans TikTok IPO to win U.S. deal as deadline looms: sources
China's ByteDance is planning a U.S. initial public offering of TikTok Global, the new company that will operate the popular short video app, should its proposed deal be cleared by the U.S. government, people familiar with the matter said on Thursday.
Belarus opposition offers talks as U.N. hears fears of 'another iron curtain'
Belarus opposition leader Sviatlana Tsikhanouskaya demanded on Friday an international mission to document what she called "atrocities" during crackdowns on anti-government protests but said she was ready to talk to end weeks of violence.
Stocks weighed down by virus angst, lack of stimulus
Stocks struggled on Friday as worries about a resurgence in coronavirus cases and lingering disappointment that central banks merely affirmed their monetary support this week, without promising new stimulus, kept investors wary.
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