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TikTok closes deal to split US app from global business: What to know
Suranjana Tewari,Asia Business Correspondentand Lily Jamali,North America Technology Correspondent VCG via Getty Images TikTok announced on Thursday that it has finalised a deal that will allow the hugely popular short-video app to continue operating in the US. The deal comes after a years-long tussle between Washington and Beijing that began in Trump’s first term in…
BP puts North Sea business up for sale
The North Sea has increasingly become a topic for political debate. In its 2024 general election manifesto, Labour said it would not issue new licences for drilling, but would honour existing ones. But in recent months, as the Iran war pushed up global oil prices, calls have grown for more North Sea drilling to be…
Trump announces new tariffs on trucks, drugs and kitchen cabinets
US President Donald Trump announced a new wave of tariffs on Thursday, including a 100% levy on branded drugs that are manufactured outside the US. Washington will also impose a 25% tariffs on imports of all heavy-duty trucks and 50% levies on kitchen and bathroom cabinets, he said on his Truth Social platform. “The reason…
Watch: How much can Canada fight back in its trade war with the US?
The US may be the bigger trading partner, but Canada shouldn’t be counted out quite yet in the escalating trade war between the two countries. It is the top customer for 26 US states, including Maine, Michigan, and Wisconsin, as well as being in the top three for 45 of the 50 American states –…
