Trump’s bid for a piece of Microsoft-TikTok deal could spur legal action

WASHINGTON (Reuters) – President Donald Trump’s unprecedented demand that the United States get a cut of the proceeds from the forced sale of Chinese internet giant ByteDance’s short-video app TikTok is based on an interpretation of U.S law that regulatory lawyers say may be open to challenges.

Trump signs executive order that will bar transactions with TikTok’s parent company

TikTok video app reportedly under review as national security threatThe app “automatically captures vast swaths of information from its users,” like internet activity, location data, and browsing history, and it potentially gives China access to Americans’ personal information. The order contemplates the possibility that the Chinese could compile “dossiers of personal information for blackmail” and […]

Timeline: TikTok’s journey from global sensation to Trump target

July 6, 2020 – When asked by Fox News if the United States was looking at potential TikTok ban, Secretary of State Mike Pompeo says: “we are taking this very seriously and we are certainly looking at it”, adding that TikTok user data could end up “in the hands of the Chinese Communist Party”. 

NZX eases 0.1 per cent, ignores surprise decline in unemployment rate

At the same time, news reports from Washington said Chinese and American trade envoys will meet this month to review their “Phase 1” agreement aimed at ending a tariff war. That follows US President Donald Trump’s threat to discard the agreement over Beijing’s handling of the coronavirus pandemic.

BASF India Q1 results: Firm reports net loss of Rs 29 crore

Mumbai: Chemicals manufacturer, BASF India reported a net loss of Rs 29.15 crore during the June quarter of the financial year 2021 as against a profit of Rs 8.2 crore in the same quarter last year, reflecting the impacts of Covid-19 pandemic, the company said.“The nationwide lockdown impacted the operations of the Company with capacity […]