Markets

NEW YORK: China's ByteDance is seeking a valuation of US$60 billion for TikTok as Oracle and Walmart take stakes in the short-video app's business to address US security concerns, Bloomberg News reported on Sunday (Sep 20), citing an unnamed person familiar with the matter. Oracle will take a 12.5 ...

Facebook has told Ireland's High Court it cannot see how its services could operate in the European Union if regulators freeze its data transfer mechanism, the Sunday Business Post reported, citing court documents seen by the paper.

Oracle will take a 12.5per cent stake in TikTok Global and store all its U.S. user data in its cloud to comply with U.S. national security requirements, the companies said on Saturday. Retail giant Walmart said it would take a 7.5per cent stake.

LONDON: Inside a former London newspaper printing factory turned nightclub, a roaming urban fox has replaced throngs of dancers shut out by the COVID-19 pandemic. Six months after COVID-19 turned off the music and lights at London's Printworks and similar dance venues across Britain, there is no ...

SINGAPORE: Fancy owning your own gold bars that you can admire and take selfies with? With COVID-19 fuelling demand for safe-haven assets for investors to park their cash, a Singapore exchange is offering mom-and-pop investors what it says is an easier way to get their hands on the precious...

WASHINGTON: Washington's crackdown on WeChat will disrupt communications between millions of people in the United States and their friends, families and business partners in China. But the app had not managed to reproduce in the US its success in China as the dominant smartphone-based payments ...

U.S. President Donald Trump said on Saturday he supported a deal in principle that would allow TikTok to continue to operate in the United States, even as it appeared to conflict with his earlier order for China's ByteDance to divest the video app.

U.S. President Donald Trump said he had approved a deal, which included a US$5 billion education fund, to allow TikTok to continue to operate in the United States.

AstraZeneca Plc said on Saturday that its COVID-19 vaccine trial in the United States is still on hold.

U.S. President Donald Trump said he supports a deal that will allow TikTok to continue to operate in the United States, after threatening to ban the Chinese-owned app in August.