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TikTok owner signs join venture agreements to avoid US ban
TikTok’s Chinese owner ByteDance has signed binding agreements with US and global investors for the majority of its business in America, TikTok’s boss told employees on Thursday. Half of the joint venture will be owned by a group of investors, including Oracle, Silver Lake and the Emirati investment firm MGX, according to a memo sent…
How Iran war laid bare the worlds reliance on Gulf oil and gas
Since the conflict began, the price of oil has soared and is currently trading at over a third higher at $100 a barrel, pushed up by air strikes on shipping and energy infrastructure, and the effective closure of the Strait of Hormuz, a vital waterway for energy shipments, which carries a fifth of global oil…
Supreme Court sceptical of Trump firing of Lisa Cook
Natalie ShermanBusiness reporter Getty Images US President Donald Trump appeared on course for a setback at America’s top court on Wednesday over his unprecedented move to fire a central bank governor. Supreme Court justices from the left and right asked why they should speed through such an impactful decision, citing concerns about process and implications…
