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...West Texas Intermediate, the US marker, rose 2.6 per cent....
...It insists that it has set up a structure in the US, called Project Texas, which walls off the personal data of Americans from anyone in China....
...The companies said on Tuesday they would form a joint venture to develop Stratos, a project under construction in west Texas that aims to extract carbon emissions from the atmosphere....
...US agencies’ programs could aid these efforts....
...The company later agreed to pay a record $50.6mn fine over violations at the Texas refinery....
...The Texas three-step Before we delve into the nitty-gritty of AT&T’s supplier finance disclosure, it makes sense to look at rival telecommunications company Verizon’s as a benchmark....
...The Committee on Foreign Investment in the United States (Cfius) — an inter-agency panel that evaluates foreign investment in the US — made the divestiture request recently as part of its ongoing review...
...Rating agencies typically treat preferred stock deals more favourably than run-of-the-mill loans....
...Project Texas TikTok’s grand plan to allay lawmakers’ concerns — and guarantee its future — hinges on its efforts to physically fence off user data from China....
...To address the backlash, TikTok has spent about $2bn so far on “Project Texas”, a partnership with cloud software group Oracle....
...So long as the contractor provides these verifications, “the statute does not prohibit a state agency from contracting” with one of the 10 financial groups, the state added....
...It also expressed “disappointment” about the decisions by state agencies, adding that these were “largely fuelled by misinformation about our company”....
...More than a dozen US states, including Maryland, Texas and Iowa, have already taken action to bar their employees from installing TikTok on government devices....
...Rubio also criticised the administration for continuing to conduct a security review of TikTok under the inter-agency Committee on Foreign Investment in the US (Cfius)....
...“We write to convey our extreme concern about the possibility that Apple Inc will soon procure 3D Nand memory chips from Yangtze Memory Technologies Co,” the senators said....
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...The expansion of Cheniere’s facility in Corpus Christi on the Texas coast will add 10mn tonnes a year of liquefaction capacity on top of its current 45mn tonnes....
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...Another team seeking to put the heat on companies operating in Russia is the Moral Rating Agency, a new body set up this year by London-based mergers and acquisitions consultant Mark Dixon....
...In the International Energy Agency’s judgment, it is quite possible that global oil production will be inadequate to meet demand as soon as next year....
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