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Related Special Reports
...The $16bn they identified highlights the scale of the group’s operations in the country as Congress seeks to force a sale of the platform to an American buyer....
...Microsoft does not break out China sales but president Brad Smith last year told the US Congress that the country provided 1.5 per cent of revenues. Microsoft and Intel declined to comment....
...Some members of Congress, including Gallagher, have urged the administration to expand the order to include portfolio investment....
...“Extending the divestment period is necessary to ensure there is enough time for a new buyer to get a deal done.”...
...That is alarming for politicians and the public. It should scare investors too. gillian.tett@ft.com...
...For those who work at TikTok, the situation in Congress has only added to the pressure on them....
...The House vote paves the way for the Senate to consider the bill, or craft its own measure to tackle TikTok....
...of laws written by Congress....
...Back in Argentina, Milei’s La Libertad Avanza coalition faced a political crisis in congress on Friday, with three lawmakers breaking from the bloc following a dispute with the president’s top advisers,...
...TikTok has argued to its users that Congress wants to ban the app, a claim that sparked pushback from lawmakers who stressed that they were happy for it to survive as long as it was no longer under Chinese...
...President Joe Biden said he would sign a bill working its way through Congress that would ban US app stores from carrying TikTok unless its Chinese owner divests the popular video-sharing social media platform...
...Kearns also said the digital markets bill, which in part aims to protect consumer rights, would provide an opportunity for MPs to examine the issue....
...Perhaps a divided Congress could block fiscal expansion....
...Some members of Congress opposed the bill, because like the CCP, they’re worried about free speech....
...Congress has passed two reform packages in the past five years aimed at making 401(k) and other retirement plans more comprehensive and effective....
...Alas, Congress is no closer to such action than before....
...Donald Trump has said he would block the Nippon deal — posing a dilemma for Biden....
...TikTok conducted an intense lobbying campaign ahead of Wednesday’s vote, which was largely ignored by Congress. It used its own app to urge users to call members of Congress to oppose the bill....
...The debate over banning TikTok has become one of the only unifying topics that Democrats and Republicans can agree on in Congress, as concerns mount about Chinese interference in sectors including education...
...Here are an interesting few bits of crypto reading for this August Monday. . ....
...“We got a conviction against this man,” Jaising says, emphasising the word, “who was India’s number-one hero — he-ro.”...
...The problem for them is that parts of Congress and the US foreign policy establishment increasingly view the platform as a Chinese tool to manipulate American minds, either directly or by stoking dissent...
...The measure could have implications for the US election....
...As I hope the committee can understand, that is simply not a risk I can take for myself or for my employees.”...
...I’m still slowly recovering from a very bad cold that I caught at the Mobile World Congress in Barcelona two weeks ago — but at least I’ve got my voice back!...
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