TikTok rejects Microsoft bid at eleventh hour

Microsoft has said that its offer to buy the US operations of hugely popular video-sharing app TikTok has been rejected, paving the way for Oracle to make a last-minute bid. US President Donald Trump gave a 15 September deadline for the Chinese-owned app to sell or shut down. The Trump administration claims TikTok and other […]

TikTok ‘has given new artists a chance’

BBC. TikTok has only been part of our lives for two years, but it’s already had a massive impact on the music business. Now the app has told Radio 1 Newsbeat that agents and managers are asking it for advice on how to get their artists featured. And it’s not just about viral dances anymore. […]

Dow ends higher but Wall Street posts second straight weekly

By Chuck Mikolajczak, Herbert Lash NEW YORK (Reuters) – The Nasdaq slid and the S&P 500 closed little changed on Friday as early gains in technology and growth names faded, with each of the three major Wall Street averages posting their second straight weekly decline. After hitting a record high of $61.86, shares of Oracle Corp ORCL.N turned […]

China Seeks Meeting With Rajnath Singh: India Must Guard Against

After India’s PUBG ban, China ‘wants to assuage the situation so that the Indian market accepts Chinese goods and apps’. By Akshita Jain Amid strained ties between the two countries, China’s Defence Minister Wei Fenghe has reportedly sought a meeting with his Indian counterpart Rajnath Singh on the sidelines of the Shanghai Cooperation Organisation. The Indian Express quoted sources […]

Current events push ‘Black Panther,’ Fox News to big ratings

By ANDREW DALTONyesterday LOS ANGELES (AP) — A special airing of “Black Panther” in the wake of the death of star Chadwick Boseman was a bright spot for the broadcast networks in a ratings week otherwise utterly dominated by Fox News Channel’s coverage of the Republican National Convention. ABC’s last-minute scheduling Sunday night of the […]

Watch | India’s Q1 GDP Shrinks a Record 23.9%, Sharpest

India’s economy contracted by a whopping 23.9% in the first quarter of the 2021 financial year, in what is the latest sign of the toll that the COVID-19 lockdown has taken on economic activity. Mitali Mukherjee BUSINESS ECONOMY VIDEO India’s economy contracted by a whopping 23.9% in the first quarter of the 2021 financial year, […]

White House suggests $1.3 trillion coronavirus aid bill; Pelosi says

WASHINGTON (Reuters) – President Donald Trump is willing to sign a $1.3 trillion coronavirus relief bill, a top aide said on Friday, but Democratic House of Representatives Speaker Nancy Pelosi said the sum was not enough to meet the needs of the American people. Trump said later that Pelosi was only interested in bailing out […]

UAE scraps Israel boycott in new step towards normal ties

Maher Chmaytelli DUBAI (Reuters) – The president of the United Arab Emirates scrapped an economic boycott against Israel, allowing trade and financial agreements between the countries in another key step towards normal ties, the UAE’s state news agency reported on Saturday. Israel and the UAE said on Aug. 13 they would normalise diplomatic relations in […]

Trump says could ‘decouple’ and not do business with China

Jan Wolfe WASHINGTON (Reuters) – U.S. President Donald Trump, in a Fox News interview airing Sunday, raised the possibility of decoupling the U.S. economy from China, a major purchaser of U.S. goods. In a video excerpt, Trump initially told interviewer Steve Hilton “we don’t have to” do business with China, and then later said about […]

Is Facebook favouring the ruling BJP in India?

Soutik Biswas India correspondent Did Facebook go easy on hate speech by an Indian lawmaker belonging to the governing BJP to protect its interests in its biggest market? A Wall Street Journal report, based on interviews with current and former Facebook employees, suggests so, and it prompted immediate calls for an investigation. Soutik Biswas reports […]