China's ByteDance Ltd is seeking a valuation of $60 billion for TikTok as Oracle Corp and Walmart Inc take stakes in the short-video app's business to address U.S. security concerns, Bloomberg News reported on Sunday, citing an unnamed person familiar with the matter.
U.S. President Donald Trump said on Saturday he supported a deal in principle that would allow TikTok to continue to operate in the United States, even as it appeared to conflict with his earlier order for China's ByteDance to divest the video app.
Facebook has told Ireland's High Court it cannot see how its services could operate in the European Union if regulators freeze its data transfer mechanism, the Sunday Business Post reported, citing court documents seen by the paper.
AstraZeneca Plc said on Saturday that its COVID-19 vaccine trial in the United States is still on hold.
Popular video-sharing app TikTok has asked a U.S. judge to block the Trump administration from enforcing a ban on the Chinese social media network, according to court documents filed late on Friday.
France should invest in a Bridgestone tyre plant threatened with closure, the head of its regional government who plans to run against President Emmanuel Macron in 2022 said on Sunday, ahead of a ministerial visit to the site.
The European Union wants to arm itself with new powers to penalize big technology companies, the Financial Times reported on Sunday.
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