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As China’s ByteDance raced to seal a deal with Oracle Corp and Walmart Inc to keep its video-sharing app TikTok operational in the United States, an apparent breakthrough came last Wednesday in a phone call to U.S. Treasury Secretary Steve Mnuchin.
SHANGHAI: Huawei Technologies Co., the telecom giant at the center of U.S.-China tensions, said it has "sufficient” inventory for its communications equipment business while it seeks out supplies of smartphone chips that have been cut off by a Trump administration ban.
ByteDance-owned short-video app TikTok said on Sept 22 it removed over 104 million videos from its platform globally in the first half of the year for violating guidelines or terms of service.
Chinese tech giant Tencent’s WeChat messaging app has seen a surge in downloads in the United States since Sept 18 after Washington confirmed it would push ahead with a planned ban of the app, data showed on Sept 22.
US President Donald Trump plans to meet on Sept 23 with a group of Republican state attorneys general about revising a key law that shields social media companies from liability for content posted by their users and allows them to remove lawful but objectionable posts.
NEW YORK: Asian shares opened weaker on Tuesday on concerns about new pandemic lockdowns in Europe and after reports about financial institutions allegedly moving illicit funds hurt global banking stocks.
WASHINGTON, Sept. 21 (Xinhua) -- While the U.S. economy has picked up from its depressed level in the second quarter, the path ahead continues to be "highly uncertain" and depend on the pandemic, Federal Reserve Chairman Jerome Powell said Monday.
WASHINGTON (Reuters) - The United States on Monday imposed new sanctions on individuals and entities involved in Iran's nuclear, missile and conventional arms programs, to support its assertion that all U.N. sanctions against Tehran are now resumed.