US judge temporarily blocks Trump’s Tiktok app store ban September 28, 2020 A US judge has temporarily blocked President Donald Trump’s ban on Tiktok downloads that was due to come into effect at midnight last night. A Washington district judge granted Tiktok’s last-minute request for a preliminary injunction on the ban late last night following a 90-minute hearing earlier in the day. App Store ban The Chinese-owned [...]
Tiktok files for injunction to overturn US app store ban September 24, 2020 Tiktok has submitted a request to block President Donald Trump’s plans to ban downloads of the video platform from US app stores on Sunday. The request, filed in a Washington district court yesterday, marks the latest attempt by the Chinese social media company to protect its service in the US in the face of a [...]
Wework sells control of China arm for $200m in global pullback September 24, 2020 Wework is selling control of its Chinese division to one of its investors, in a deal that further reduces the office space provider’s global presence after the coronavirus pandemic worsened its financial troubles. Private equity firm Trustbridge Partners will pay the company $200m (£157m) for majority ownership of the unit, as Wework retreats from a [...]
Ant Group set to raise $17.5bn in Hong Kong listing September 23, 2020 Ant Group is said to be targeting a raise of $17.5bn when it goes public in Hong Kong as part of a dual listing that will also see it float in Shanghai. The Chinese firm is hoping to raise a total of $35bn across both listings, which if successful, will top Saudi Aramco’s $29.4bn debut [...]
Former BT boss tapped to lead search for Huawei replacement September 23, 2020 Former BT chief executive and trade minister Lord Ian Livingston has been tapped to find alternative telecoms providers to replace Huawei equipment in the UK’s 5G networks. Livingston has been named as chair of a new government task force that will seek to diversify the country’s telecoms supply chain and reduce reliance on high-risk vendors. [...]
Trump says US firms must have total control of Tiktok September 21, 2020 US President Donald Trump has said he won’t approve the deal between Tiktok owner Bytedance and US partners Oracle and Walmart if the Chinese tech firm maintains any control. “If we find that they don’t have total control, then we’re not going to approve the deal… We will be watching it very closely,” Trump told Fox [...]
Lithium firm makes ‘globally significant’ find in Cornwall September 17, 2020 A Cornish company has found “globally significant” grades of lithium in England’s westernmost county, in what could be a crucial discovery for the country’s battery technology industry. The aptly-named Cornish Lithium, which was founded four years ago, said that initial results from its exploratory work indicated “some of the world’s highest grades of lithium and [...]
Trump wavers on Tiktok deal as Bytedance seeks Chinese approval September 17, 2020 US President Donald Trump has said he is “not prepared to sign off” on a plan to offload management of Tiktok’s US operations to Oracle, as parent firm Bytedance admits the deal will require approval from Beijing. Trump said he will be briefed on the full details of the plan today, which is expected to [...]
Thomas Cook relaunches as online-only firm September 16, 2020 Iconic holiday firm Thomas Cook will today relaunch as an online-only company, a year after going bust in dramatic circumstances. To start with, the new travel company will sell holidays to destinations that are on the government’s safe travel list. In November, Chinese firm Fosun, which also owns package holiday brand Club Med, acquired the [...]
FXCM stock baskets offer cream of the crop industry stocks September 16, 2020 It’s been months now of lockdown, and with the majority of the world spending more time working from home with CNN, BBC and Bloomberg playing on the TV in the background, it is no surprise there has been a surge in new day traders looking to take advantage of the current market volatility by beginning [...]