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.
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.
As European countries introduce new restrictions to curb a sharp resurgence in the number of coronavirus infections, Britain says it is considering hefty fines for people who fail to obey self-isolation rules.
The European Union wants to arm itself with new powers to penalise big technology companies, the Financial Times reported on Sunday.
China said it did not have a timetable or pre-set names of companies on its 'unreliable entities list' but if foreign firms violate Chinese laws or commit "illegal acts" they could be added to this list and face measures.
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.
AstraZeneca Plc said on Saturday that its COVID-19 vaccine trial in the United States is still on hold.
A Mexican court has unfrozen the bank accounts of a local company blacklisted by the United States for trading in oil with Venezuelan state oil firm PDVSA despite U.S. sanctions, Mexico's anti-money laundering unit said on Saturday.
Brazil and Argentina, Latin American nations seeking more time to commit to the global COVID-19 vaccine facility known as COVAX, said they intend to so as soon as possible after missing Friday's deadline.
U.S. President Donald Trump said he will approve a deal that will allow TikTok to continue to operate in the United States after threatening to ban the Chinese-owned app in August.
The death of Supreme Court Justice Ruth Bader Ginsburg has raised the stakes in the struggle for control of the U.S. Senate, forcing embattled Republican incumbents to choose between trying to appeal to moderate voters or hoping to fire up a conservative base.