Several US CEOs lined up to meet with President Xi in Beijing, including executives from Blackstone, Qualcomm and FedEx.
It comes as China seeks to restore ... Show more
Xi Says US CEOs Should Invest in China, Economy Hasn’t Peaked - Bloomberg
Story Details
| Last Updated | Mar 27 |
| Total Articles | 1 |
More articles on this subject
Previous
Stock Market Today: Dow, S&P Live Updates for April 26: A rally in the world’s largest technology companies lifted stocks, with Wall Street also breathing a sigh ...
bloomberg.com/news/articles/2024-04-25/stock-market-today-dow-s-p-live-updates
Paid articlePaid
Stock Market Today: Dow, S&P Live Updates for April 26: A rally in the world’s largest technology companies lifted stocks, with Wall Street also breathing a sigh ...
bloomberg.com/news/articles/2024-04-25/stock-market-today-dow-s-p-live-updates
Paid articlePaid Top Argentine Officials to Meet PBOC Governor Next Week: Argentina’s Central Bank President Santiago Bausili and Finance Secretary Pablo Quirno are scheduled to ...
bloomberg.com/news/articles/2024-04-26/top-argentine-officials-to-meet-pboc-governor-next-week
Paid articlePaid Singapore Bank Fires Workers Over Misuse of Medical Claims: CNA: Bank of Singapore Ltd., the private-banking arm of Oversea-Chinese Banking Corp. ...
bloomberg.com/news/articles/2024-04-27/singapore-bank-fires-workers-over-misuse-of-medical-claims-cna
Meet the AI Expert Advising the White House, JPMorgan, Google and the Rest of Corporate America
wsj.com/tech/ai/ai-expert-mollick-white-house-jpmorgan-google-d8fd440f
Yen (JPY) Short Bets Hit a Record Ahead of BOJ Meeting: Traders upped bearish yen positions to a record high in the days ahead of the Bank of Japan’s policy ...
bloomberg.com/news/articles/2024-04-26/yen-traders-boosted-shorts-to-fresh-record-ahead-of-boj-meeting
Paid articlePaid
China is backing away from facial recognition technology — at least in hotels: Chinese officials have told hotels in Beijing and other cities to stop scanning ...
qz.com/china-stop-facial-recognition-technology-hotels-privacy-1851437900
Quick Glance: China Ends Facial Scans at Hotels
- Authorities in China are instructing hotels to cease conducting facial recognition scans on guests during check-in, as reported by state media.
- This directive is being implemented in various cities to reduce the use of facial scans and avoid potential issues.
- Experts caution that facial recognition may deter people from traveling and increase costs for businesses, with a risk of data misuse.
- An IT professional highlights technical challenges that China may face due to the extensive number of hotels, surveillance cameras, and databases, potentially leading to system overload.
US Consumer Sentiment Falls as Inflation Expectations Climb: US consumer sentiment fell in April on dimmer views of personal finances and the economy as ...
bloomberg.com/news/articles/2024-04-26/us-consumer-sentiment-falls-as-inflation-expectations-climb
Paid articlePaid US Small-Business Rent Delinquencies Rise to a Three-Year High: The delinquency rate for US small businesses climbed to a three-year high this month ...
bloomberg.com/news/articles/2024-04-26/us-small-business-rent-delinquencies-rise-to-a-three-year-high
Paid articlePaid
Possible espionage for China: Krah's office accessed secret documents in the trade committee
spiegel.de/politik/deutschland/afd-mann-maximilian-krah-sensible-daten-im-handelsausschuss-abgerufen-spionagevorwuerfe-gegen-mitarbeiter-a-60dd5b76-f969-46c8-932e-7d170374e604
Quick Glance: Krah's Office Obtained Sensitive Data in Trade Committee for China
- Maximilian Krah's office, an AfD politician in the EU Parliament, accessed sensitive data in the Trade Committee.
- An employee of Krah was arrested on suspicion of leaking internal information to a Chinese intelligence agency.
- There were multiple requests from Krah's office for documents classified as sensitive or restricted, but none for confidential papers.
- The EU Parliament is internally investigating due to limited information from national intelligence services, and there are probes into possible payments to EU parliamentarians from Russia.
Faculty to hold no-confidence vote in UT-Austin president: President Jay Hartzell defended the response but faculty criticized the presence of armed state ...
texastribune.org/2024/04/25/ut-austin-palestine-protest-fallout/
A Brief History of the Fed’s Uneasy Peace With the White House: Central bankers are haunted by the danger of political meddling in inflation-control policies.
on.wsj.com/3QiUZT2
Starbucks and US workers' union meet for contract negotiations: Starbucks held contract negotiations with the Workers United union over a two-day session in ...
reuters.com/business/retail-consumer/starbucks-us-workers-union-meet-contract-negotiations-2024-04-26/
Tech Rally Propels Emerging Stocks to Best Week Since July: Emerging-market stocks rose Friday, cementing their biggest weekly advance in nine months ...
bloomberg.com/news/articles/2024-04-26/em-stocks-head-for-best-week-since-july-on-us-tech-spillover
Paid articlePaid
Biden administration pushes back plan to ban menthol cigarettes: The Biden administration has reportedly abandoned its plans to ban menthol cigarettes after ...
thehill.com/homenews/administration/4624481-biden-dropping-plan-ban-menthol-cigarettes-report/
Quick Glance: Biden administration faces delays in menthol cigarettes ban
- The planned implementation of a ban on menthol cigarettes in the US is expected to take 'significantly more time,' according to US Health and Human Services Secretary Xavier Becerra in a statement on Friday.
- In April 2022, the US Food and Drug Administration (FDA) initially announced the ban on the popular mint flavor, setting a deadline for August 2023. Final rules were sent to the White House Office of Management and Budget for review in October, with the status listed as 'pending.'
- According to the proposed FDA regulations, the manufacturing and sale of menthols would be prohibited, without direct regulation of smokers themselves.
- A prohibition on menthol cigarettes could potentially save up to 650,000 lives over the next 40 years, with a third of these lives being saved within the black community, as stated by the Campaign for Tobacco-Free Kids.
UMB Financial in Talks to Acquire Rival Bank Heartland: UMB Financial Corp. is in talks to acquire rival Heartland Financial USA Inc., people with knowledge of ...
bloomberg.com/news/articles/2024-04-26/umb-financial-in-talks-to-acquire-rival-bank-heartland
Paid articlePaid
‘Chucky’ Season 3 Set Video — Jennifer Tilly Invades the White House : Jennifer Tilly, who plays Tiffany Valentine on Chucky, takes fans behind the scenes in a ...
collider.com/chucky-season-3-set-video-jennifer-tilly/
Two indicted for illegally exporting chip gear from US to China: One Chinese national arrested in Chicago while another suspect thought to be abroad
theregister.com/2024/04/26/2_indicted_for_illegal_china_exports/
Bad blood with China? Blinken buys Taylor Swift album in Beijing: U.S. Secretary of State Antony Blinken snapped up a Taylor Swift album along with one by ...
reuters.com/world/us/bad-blood-with-china-blinken-buys-taylor-swift-album-beijing-2024-04-26/
US Bitcoin (BTC) ETFs Suffer One of Worst Outflows as Token Wavers: Investors pulled a net $218 million from US Bitcoin exchange-traded funds ...
bloomberg.com/news/articles/2024-04-26/us-bitcoin-btc-etfs-suffer-one-of-worst-outflows-as-token-wavers
Paid articlePaid
Antony Blinken in China: Chinese FM urges US not to suppress China's development
wionews.com/videos/antony-blinken-in-china-chinese-fm-urges-us-not-to-suppress-chinas-development-715545
TikTok ban could escalate US-China trade war, ex-White House CIO tells The Reg: Doing business in Beijing? 'You need to do a what-if scenario'
theregister.com/2024/04/26/tiktok_ban_payton/
COP29 Host Azerbaijan Says Its Fossil Fuel Is ‘Gift From God’: Azerbaijan, host of this year’s COP29 climate summit, will continue to invest in increasing gas ...
bloomberg.com/news/articles/2024-04-26/cop29-host-azerbaijan-says-its-fossil-fuel-is-gift-of-the-gods
US Vice President Kamala Harris hosted Kim Kardashian at the White House to discuss criminal justice reform, after the Biden administration granted clemency to ...
reut.rs/3xVhCa4
AfD leader Chrupalla justifies actions in Russia on “Maybritt Illner” and China affair
rp-online.de/politik/deutschland/afd-chef-chrupalla-rechtfertigt-bei-maybritt-illner-agieren-in-russland-und-china-affaere_aid-111394343
Quick Glance: Clash over AfD's Corruption Allegations
- Despite corruption allegations, the AfD stands by its EU lead candidates, sparking a heated debate on 'Maybrit Illner.'
- Concerns arise over potential bribery involving Krah and Bystron, despite no legal guilt being proven.
- Internal distancing within the AfD and criticism of a lack of transparency regarding the candidates ensue.
- The discussion concludes with the possibility of the AfD's list changes for the European elections being invalidated.
Trump could be held in contempt of court — a punishment only one other president faced
sacbee.com/news/nation-world/national/article288021605.html
Mexico Presidential Election: Xochitl Galvez Readies for a Must-Win Debate: Mexico’s opposition presidential candidate Xochitl Galvez is running out of ...
bloomberg.com/news/articles/2024-04-26/xochitl-galvez-readies-for-a-must-win-mexico-presidential-debate
Emerson College students to vote on resolution on president's resignation: The student government unanimously approved a no-confidence resolution in the school's ...
bostonglobe.com/2024/04/26/metro/emerson-college-student-government-vote-resolution-seeking-presidents-resignation/
Support for South Africa's ANC near 40% weeks before election, Ipsos poll shows: Support for South Africa's governing African National Congress (ANC) has fallen ...
reuters.com/world/africa/support-south-africas-anc-near-40-weeks-before-election-ipsos-poll-shows-2024-04-26/
Quick Glance: Support for South Africa's ANC around 40% before elections
- An Ipsos poll revealed that support for South Africa's governing African National Congress (ANC) has dropped to just over 40%, weeks before an election that could bring about significant political change.
- While the ANC is still expected to secure the most votes on May 29, falling below 50% would require seeking coalition partners to govern, marking the first such alliance since Nelson Mandela led the party to power 30 years ago.
- The survey was based on face-to-face interviews with 2,545 registered voters across all nine provinces in March and April, boasting a margin of error of 1.9% at a 95% confidence level.
- The poll also highlighted rising voter discontent due to issues like unemployment, corruption, crime, and poor services, with the ANC considering potential coalition partners such as the economically liberal DA and the far-left Economic Freedom Fighters (EFF).
US economy grew less than expected in first quarter at 1.6% rate: Higher than expected price pressures cast doubt on potential for Fed rate cuts
ft.com/content/f9e3ebdd-0977-4b12-84cd-25c7380f91cb
Paid articlePaidQuick Glance: Unlikelihood of Fed Rate Cut Before Elections Disrupts Markets
- Investors cast doubt on a Fed rate cut before September.
- Expectations are now fully priced in for a rate cut on November 6-7.
- The shift in market expectations stemmed from inflation and growth data.
- There is now an estimated 75 percent likelihood of a Fed rate cut by September.
Drop in BOJ’s Bond Holdings Gives Market Taste of Quantitative Tightening: Investors in Japanese government bonds have already had a taste of quantitative ...
bloomberg.com/news/articles/2024-04-26/drop-in-boj-s-bond-holdings-gives-market-taste-of-quantitative-tightening
Dovish BOJ Decision Paves Way for Even Weaker Yen, Analysts Say: The Bank of Japan largely left its monetary policy settings unchanged Friday ...
bloomberg.com/news/articles/2024-04-26/dovish-boj-decision-paves-way-for-even-weaker-yen-analysts-say
US Economic Growth Isn't Helping Biden Reelection Campaign Due to Inflation: The latest good news and bad news about the US economy is just plain bad news ...
bloomberg.com/news/articles/2024-04-26/growth-plus-inflation-economy-is-a-lose-lose-for-biden
Paid articlePaid Yellen says economy performing well, inflation will ebb: Treasury Secretary Janet Yellen said on Thursday that the U.S. economy "continues to perform very ...
reut.rs/3QePZz6
Zuma Dispels Ill-Health Rumors at Party Rally in South Africa: Former South African President Jacob Zuma made his first public appearance in a week as his party ...
bloomberg.com/news/articles/2024-04-26/zuma-dispels-ill-health-rumors-at-party-rally-in-south-africa
Paid articlePaid Why Putin needs Trump to win : Vladimir Putin is still counting on a Trump victory in November to take America off the field.
thehill.com/opinion/international/4621330-why-putin-needs-trump-to-win/
Snap Stock Jumps After Sales Projections Beat Estimates on Ads: Snap Inc. gained in extended trading after projecting that revenue in the current quarter will ...
bloomberg.com/news/articles/2024-04-25/snap-projects-sales-that-tops-estimates-on-improved-ad-business
Paid articlePaid
Walmart’s Rob Walton to Retire From Board: Chipotle CEO Brian Niccol will replace his spot on the board of directors.
barrons.com/articles/walmart-rob-walton-retire-board-26c3cd33
Paid articlePaid Macron Says Inflation Cannot Be Sole Target of Monetary Policy: French President Emmanuel Macron said inflation can no longer be the only target for European ...
bloomberg.com/news/articles/2024-04-25/macron-says-inflation-cannot-be-sole-target-of-monetary-policy
Paid articlePaid Bill Gross Says Stick to Value Stocks, Avoid Tech as Treasury Yields Soar: Bill Gross offered some advice to investors as Treasuries and equities slumped ...
bloomberg.com/news/articles/2024-04-25/bill-gross-says-stick-to-value-over-tech-as-us-yields-soar
Paid articlePaid US Treasury Yields Rise as Price Pressures Cast Doubt on Fed Rate-Cut Path: Treasury yields rose to 2024 highs as evidence of sticky US price pressures casts ...
bloomberg.com/news/articles/2024-04-25/treasuries-hold-losses-after-seven-year-sale-meets-expectations
Paid articlePaid
Nixon administration could’ve started monitoring CO2 levels but didn’t: President Nixon's science advisors recommended building global CO2 monitoring network ...
insideclimatenews.org/news/26042024/nixon-administration-climate-research-plan/
Leaked USAID Document Concludes Israel Impeded Gaza Aid: "Biden is breaking the law and defying his own agencies to fund Israeli war crimes ...
commondreams.org/news/usaid-israel-weapons
China Overseas Investment Is at Eight-Year High as Firms Build Factories Abroad: China’s overseas investment is heading for an eight-year high as its dominant ...
bloomberg.com/news/articles/2024-04-25/china-firms-are-investing-abroad-at-fastest-pace-in-eight-years
Paid articlePaid Macron Says Europe Can No Longer Rely on US for Its Security: French President Emmanuel Macron said the American security umbrella is a thing of the past and ...
bloomberg.com/news/articles/2024-04-25/macron-says-eu-can-no-longer-rely-on-us-for-its-security
Quick Glance: Macron Calls for Stronger European Defense
- Macron urged Europe to adopt a credible defense strategy less dependent on the US.
- He warned that Europe was not adequately prepared to face global threats like Russia's war in Ukraine.
- Emphasizing European sovereignty, Macron called for autonomy in defense and the economy.
- He advocated for a revision of EU trade policy, prioritizing European suppliers for military equipment.
Cooler US GDP Growth Obscures Resilient Demand From Consumers, Businesses: The surprisingly sharp downshift in US economic growth last quarter masked otherwise ...
bloomberg.com/news/articles/2024-04-25/cooler-us-gdp-growth-obscures-resilient-demand-from-consumers-and-businesses
Pantera Capital Seeks to Raise $1 Billion for a New Crypto Fund: Pantera Capital, one of the largest managers of digital assets, is seeking to raise more than $1 ...
bloomberg.com/news/articles/2024-04-25/pantera-capital-seeks-to-raise-1-billion-for-a-new-crypto-fund
Paid articlePaid China warns Antony Blinken US must choose between ‘co-operation or confrontation’
ft.com/content/ef9d2f6f-3ef6-4249-af0c-649583e0ee43
Quick Glance: Xi and Blinken Clash Over China's Backing to Russia
- Xi orders China’s biggest military reorganisation since 2015.
- He emphasizes that China is not afraid of competition as long as it is based on common progress.
- China is willing to cooperate with the US, provided it is mutual.
- A five-point consensus was reached to stabilize relations between the two countries.
The 3.5 Percent Inflation Plateau: Prices have been rising faster than expected for the past three months. What’s going on?
theatlantic.com/ideas/archive/2024/04/inflation-above-fed-target/678174/
Suspicion of espionage: Krah employee wanted to work for the BND: The suspected spy from the office of AfD politician Maximilian Krah tried to work for the ...
berliner-zeitung.de/news/spionageverdacht-krah-mitarbeiter-wollte-fuer-den-bnd-arbeiten-li.2209728
Quick Glance: Investigation of Possible Payments from China and Russia to Maximilian Krah
- The General Prosecutor's Office in Dresden has officially initiated investigations against Maximilian Krah due to potential financial flows from Russian and Chinese sources.
- The AfD lead candidate for the European Parliament elections, Maximilian Krah, is the subject of two preliminary investigations at the General Prosecutor's Office in Dresden.
- Towards the end of last year, Krah was questioned by the FBI about possible payments from Kremlin-related sources, allegedly carrying a four-digit sum of money at that time.
- On Monday evening, German authorities arrested Jian G., a close associate of Krah, who is suspected of spying for the Chinese intelligence service in Germany.
Smokeless Products Are the Future of Big Tobacco. This Company Is Losing the Race.
on.barrons.com/3y3rpdW
Turkey’s Erdogan postpones White House visit: Turkish President Recep Tayyip Erdogan postponed a White House meeting with President Joe Biden ...
english.alarabiya.net/News/middle-east/2024/04/26/turkey-s-erdogan-postpones-white-house-visit-bloomberg
White House Correspondents’ weekend kicks off with celebration of LGBTQ community
thehill.com/blogs/in-the-know/4623867-white-house-correspondents-dinner-lgbtq-community-glaad/
Survey before European elections: AfD loses support after espionage scandal: The allegations of possible influence by Russia and China on the AfD concern many ...
spiegel.de/politik/deutschland/afd-zustimmung-sinkt-nach-spionageaffaere-vor-europawahlen-a-22513360-0136-4a68-9f2a-48f780004c0e
Emily Messer inaugurated as Texas Wesleyan University’s 21st president
star-telegram.com/news/local/fort-worth/article287971525.html
Chairman and past president of Pa. grocery store chain dies : Richard Redner, who was nicknamed “The Boss,” expanded the Reading-based chain from 10 to 44 ...
pennlive.com/life/2024/04/chairman-and-past-president-of-pa-grocery-store-chain-dies.html
Everything You Need to Know About the TikTok Ban: Your Questions Answered: President Biden signed a foreign aid bill that includes a ban on TikTok in the US ...
pcmag.com/news/everything-you-need-to-know-about-the-tiktok-ban-your-questions-answered
Quick Glance: TikTok Ban Threat: ByteDance Prefers Closure Over Sale, Insiders Say
- ByteDance, the owner of TikTok, would prefer to shut down its loss-making app rather than sell it if all legal options to fight legislation to ban the platform from app stores in the US are exhausted, said four sources.
- TikTok accounts for a small share of ByteDance’s total revenues and daily active users, so the parent would rather have the app shut down in the US in a worst-case scenario than sell it to a potential American buyer, they said.
- ByteDance would not agree to sell one of its most valuable assets – its “secret source” – to rivals, said the four sources, referring to the TikTok algorithm.
- After facing challenges regarding bans, the short-form video app has encountered partial and attempted prohibitions in the US and other nations.
Ty Cobb ‘almost certain’ Trump election interference case won’t be tried before election
thehill.com/regulation/court-battles/4622882-ty-cobb-almost-certain-trump-election-interference-case-wont-be-tried-before-election/
Quick Glance: Trump's Disregard for Democratic Principles
- Donald Trump's claim of absolute immunity for criminal acts as president is an assault on common sense and a perversion of the fundamental principle of American democracy.
- The Supreme Court's decision to take the case may delay the former president's trial and deprive the public of the right to know if he attempted to undermine the sacred process of presidential succession.
- The Supreme Court's direct intervention in the 2024 presidential election deprives voters of critical information and could lead to a constitutional crisis if Trump is re-elected and convicted.
- The notion that the president is above the law and can pardon himself is a radical contempt for republican government, revealing Trump's vision of unchecked royal power.
Resignation of Vietnam’s Parliament Chief Stirs Fresh Political Chaos: Vuong Dinh Hue’s departure comes amid a growing anticorruption push and weeks after ...
nytimes.com/2024/04/26/world/asia/vietnam-parliament-resignation.html
Gold Continues to Boom. The Major Buyer: Central Bankers: Central banks have long been supporting players in the demand for gold. But the sanction on dollar ...
on.barrons.com/3xSUbhu
Traders See Cocoa Rally Top $15,000 on Lingering Supply Shortage: Cocoa prices have been on a tear this year and the rally may have even more room to run as bean ...
bloomberg.com/news/articles/2024-04-25/traders-see-cocoa-rally-top-15-000-on-lingering-supply-shortage
How to Get Young Audiences in Theaters? Show Old Movies Like Oldboy: The strikes meant studios needed to scramble to fill theaters, but putting ...
indiewire.com/news/business/how-film-revivals-luring-young-crowds-saving-specialty-cinema-1234975333/
Monica Lewinsky references her White House scandal with the Taylor Swift 'asylum' meme
today.com/popculture/monica-lewinsky-taylor-swift-asylum-meme-rcna149314
G42 Allies With US Over China in Global AI Conflict: Abu Dhabi-based G42 found it could no longer play for both teams.
bloomberg.com/news/articles/2024-04-25/g42-allies-with-us-over-china-in-global-ai-conflict
Paid articlePaid AI takes center stage at correspondents’ weekend TGAIFriday Lunch: Washingtonians delved into the world of artificial intelligence (AI) on Friday at the ...
thehill.com/policy/4624825-artificial-intelligence-correspondents-weekend-tgaifriday-lunch/
The Dream of Fed Rate Cuts Is Slipping Away: Investors are backing away from expectations that the central bank can reduce rates in coming months ...
wsj.com/economy/central-banking/the-dream-of-fed-rate-cuts-is-slipping-away-55903ca5
Reuters World News: Blinken in China, Trump immunity, Haiti violence and Russian censors
reut.rs/3vZMHJ7
Household Debt Hits Record High As Indians Splurge, Study Shows: India’s household debt likely surged to a record in the final three months of last year ...
bloomberg.com/news/articles/2024-04-25/household-debt-hits-record-high-as-indians-splurge-study-shows
Paid articlePaid Celebs head to DC for correspondents’ dinner: Here’s who’s coming: From “Black Widow” actor Scarlett Johansson — seemingly in town to support husband Colin Jost ...
thehill.com/blogs/in-the-know/4622097-celebs-dc-white-house-correspondents-dinner/
Inside the China-US Competition for AI Experts: Who’s winning the fight for top-tier AI talent?
bloomberg.com/news/articles/2024-04-25/inside-the-china-us-competition-for-ai-experts
Columbia protesters cite impasse with administrators as reason anti-war camp will go on
pennlive.com/news/2024/04/columbia-protesters-cite-impasse-with-administrators-as-reason-anti-war-camp-will-go-on.html
Quick Glance: USC Main Commencement Canceled Amid Gaza War Protests
- Protests against the Israel-Hamas war prompt the cancellation of USC's main graduation ceremony and numerous arrests at campuses nationwide.
- Universities are grappling with protests that could disrupt upcoming commencement ceremonies and are considering changes to regulations regarding encampments and exams.
- Some students demand schools sever ties with Israel, leading to accusations of antisemitism and concerns about safety on campus.
- The wave of protests, inspired by events at Columbia University, has led to civil rights investigations into universities facing protests and complaints of discrimination amidst the Israel-Hamas conflict.
SNB’s Jordan Warns New Inflation Shocks Could Hit ‘Any Time’
bloomberg.com/news/articles/2024-04-26/snb-s-jordan-warns-new-inflation-shocks-could-hit-at-any-time
Putin announces plans to visit China in May: Russian President Vladimir Putin said Thursday he plans to visit China in May, in what could become the first ...
bloomberg.com/en/news/thp/2024-04-25/putin-announces-plans-to-visit-china-in-may
Paid articlePaid WADA to review Chinese doping case after global backlash: The under-fire World Anti-Doping Agency (WADA) said on Thursday it would launch an independent review ...
reuters.com/sports/wada-launch-independent-review-into-chinese-doping-case-2024-04-25/
The TikTok Ban Bill Has Been Signed — Here's How Long ByteDance Has to Sell, and Why TikTok Is Preparing for a Legal Battle
entrepreneur.com/business-news/tiktok-ban-bill-becomes-law-gives-tiktok-9-months-to-sell/473173
Quick Glance: ByteDance Would Consider Closing TikTok in US Over Sale, Sources Claim
- ByteDance would prefer to cease TikTok operations rather than engage in a sale if all legal avenues are exhausted to combat potential legislation banning the platform in US app stores, as per four sources.
- Despite TikTok's massive popularity with over a billion users, it remains unprofitable, contributing a small fraction to ByteDance's overall revenues and daily active user base.
- ByteDance stated on Thursday in a release on Toutiao, a media platform it possesses, that there are no intentions to sell TikTok, in response to claims from The Information about ByteDance exploring sale scenarios for TikTok's US operations excluding the recommending algorithm for user videos.
- As of December, ByteDance's valuation stood at $268 billion when it proposed a buyback of approximately $5 billion in shares from investors.
Mexican lawmakers approve new pension fund backed by president: Mexico's Senate approved the creation of a new pension fund on Thursday aimed at boosting payouts ...
reuters.com/world/americas/mexican-lawmakers-approve-new-pension-fund-backed-by-president-2024-04-26/
Quick Glance: New Pension Fund Approved in Mexico
- Mexico's Senate approved the creation of a new pension fund to boost payouts to the lowest-earning recipients.
- The reform aims to ensure pensioners receive a specific percentage of their last monthly salary.
- Critics have raised concerns about potential risks to the savings of some Mexicans, a claim disputed by the government.
- The fund will be initially funded by unclaimed savings held by older workers in inactive accounts with private fund administrators.
Father who raped and sexually abused daughter from the age of 3 ‘stole’ her childhood, court hears
irishtimes.com/crime-law/courts/2024/04/26/father-who-raped-and-sexually-abused-daughter-from-the-age-of-3-stole-her-childhood-court-hears/
Here's Who's Winning the Global Fight for AI Talent: Inside the competition for top-tier researchers.
bloomberg.com/news/articles/2024-04-25/here-s-who-s-winning-the-global-fight-for-ai-talent
Paid articlePaid EU should revisit bank and insurer capital rules, Macron says: French President Emmanuel Macron called on Thursday for a revision of how Europe applies minimum ...
reuters.com/world/europe/eu-should-revisit-bank-insurer-capital-rules-macron-says-2024-04-25/
Next
New to NewsWall?
Sign up now to get your own personalized news!
Trending topics