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TikTok Sale: US should get a very large percentage of TikTok sale proceeds, says Trump | International Business News – Times of India
Business

TikTok Sale: US should get a very large percentage of TikTok sale proceeds, says Trump | International Business News – Times of India

WASHINGTON: President Donald Trump has demanded that the US treasury should get a substantial chunk of the TikTok sale proceeds, as he set September 15 as the deadline for the popular Chinese short video app to be out of business in the country unless it is bought by an American company. Trump was speaking to reporters at a White House news conference on Monday, hours after it announced the deadline for TikTok to stop operations in the US. Technology giant Microsoft is in talks with TikTok's parent company ByteDance to buy its US operation. However, the president is in favour of a complete 100 per cent purchase and not the 30 per cent as reportedly being negotiated now. “The United States should get a very large percentage of that price because we're making it possible. Without us, you ...
US Doing “Very Well” Against Covid, India Has “Tremendous Problem”: Donald Trump
World

US Doing “Very Well” Against Covid, India Has “Tremendous Problem”: Donald Trump

US President Donald Trump said America is doing "very well" in the fight against the COVID-19Washington: US President Donald Trump has said that as compared to big countries, America is doing "very well" in the fight against the COVID-19 pandemic, while India is having a "tremendous problem" battling the disease and China is witnessing a "massive flare up" in infections.India's COVID-19 tally increased to 18,55,745 on Tuesday with 52,050 people testing positive for coronavirus infection in a day.China today reported 36 new cases across the country, down from 43 the previous day. The country's COVID-19 cases crossed the 100-mark on July 29, for the first time in over three months, sparking the fear of a rebound."I think we're doing very well. I think that we have done as well as any nati...
Donald Trump Again Calls for Reopening of Schools, Twitter Asks Him to Send his Kids First
Business

Donald Trump Again Calls for Reopening of Schools, Twitter Asks Him to Send his Kids First

US President Donald Trump is one of the few world leaders who has been undermining the risk of coronavirus and giving bizarre statements. From calling it a Chinese virus and suggesting people to inject disinfectants to eliminate the chances of contracting the infection, the President of the superpower did baffle us with his sheer ignorance of the issue.Trump is now strongly calling for the reopening of schools even as coronavirus cases have spiked in the US. At present, US tops the list of countries with most number of coronavirus cases with 4,862,174 cases of infection and 158,929 deaths. Amid such trying times, a tweet from the President seeking the reopening of schools only sounds indifferent and ignorant."OPEN THE SCHOOLS!!! (sic)," Trump tweeted on Tuesday morning.OPEN THE SCHOOLS!...
China’s ByteDance to consider international HQ for TikTok, outside US – Times of India
Business

China’s ByteDance to consider international HQ for TikTok, outside US – Times of India

(Representative image)LONDON: Chinese tech company ByteDance said on Monday it was considering moving the headquarters of its TikTok video sharing platform overseas, following a British media report that the unit could relocate to London. TikTok is under heavy fire from US President Donald Trump and other American politicians over concerns that it poses a national security risk, and Microsoft has emerged as a possible buyer of TikTok's US operations. A UK news agency reported on Monday that ByteDance's founders would soon announce their intention to set up shop for TikTok in London, where other tech majors such as Google and Facebook have a strong presence. Asked about the report, a spokesperson for ByteDance said an international move for TikTok was under consideration. "ByteDance is c...
Donald Trump to limit US contractors’ use of foreign workers – Times of India
Business

Donald Trump to limit US contractors’ use of foreign workers – Times of India

US President Donald Trump speaking at a meeting before signing an executive order on hiring American workers (...Read MoreNEW DELHI: US President Donald Trump on Monday plans to sign an executive order that would bar federal agencies from dismissing US citizens or green card holders and replacing them with foreign workers. The order will increase scrutiny of federal contractors’ use of H-1B visas to bring in temporary foreign labor for high-skilled jobs rather than relying on American workers, according to an administration official, who asked for anonymity to discuss plans not yet public. The Covid-19 recession has thrown millions of Americans out of work, with uncertain prospects for a recovery given continued surges in virus case counts in many states. With the President running behi...
Donald Trump’s TikTok assault opens new front in tech war with China – Times of India
Business

Donald Trump’s TikTok assault opens new front in tech war with China – Times of India

NEW DELHI: By going after TikTok, the US is expanding a fight against Beijing using Chinese-style restrictions on tech companies in a move that could potentially have enormous ramifications for the world’s biggest economies. The Trump administration’s threat to ban ByteDance Ltd’s viral teen phenom and other Chinese-owned apps could significantly hamper their access global user data, which is an immensely valuable resource in a modern internet economy. Any US decision, which Secretary of State Michael Pompeo said would come “shortly” is likely to be followed by a similar pressure campaign that prompted some allies to ban Huawei Technologies Co from 5G networks. Even if TikTok’s American operations are bought by Microsoft Corp, the episode is the culmination of a bifurcation of the inter...
TikTok “Out Of Business” In US If Not Sold By Mid-September: Donald Trump
World

TikTok “Out Of Business” In US If Not Sold By Mid-September: Donald Trump

TikTok will close down on September 15th unless Microsoft or somebody else able to buy it: Donald TrumpWashington: President Donald Trump said Monday that Chinese-owned hugely popular video-sharing app TikTok will be "out of business" in the United States if not sold to a US firm by September 15."I set a date of around September 15, at which point it's going to be out of business in the United States," he told reporters."It'll close down on September 15th unless Microsoft or somebody else is able to buy it and work out a deal."(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.) Source link
For Trump’s TikTok Assault, India Led The Way
World

For Trump’s TikTok Assault, India Led The Way

Washington's moves underscore how quickly the concept of internet decoupling is becoming reality (File)By going after TikTok, the U.S. is expanding a fight against Beijing using Chinese-style restrictions on tech companies in a move that could potentially have enormous ramifications for the world's biggest economies.The Trump administration's threat to ban ByteDance Ltd.'s viral teen phenom and other Chinese-owned apps could significantly hamper their access global user data, which is an immensely valuable resource in a modern internet economy. Any U.S. decision, which Secretary of State Michael Pompeo said would come "shortly," is likely to be followed by a similar pressure campaign that prompted some allies to ban Huawei Technologies Co. from 5G networks.Even if TikTok's American oper...
Trump to give TikTok’s Chinese owner 45 days to agree sale: Report – Times of India
Business

Trump to give TikTok’s Chinese owner 45 days to agree sale: Report – Times of India

(File photo: Reuters)NEW DELHI: US President Donald Trump has agreed to give China's ByteDance 45 days to negotiate a sale of popular short-video app TikTok to Microsoft Corp, two people familiar with the matter said on Sunday. US officials have said TikTok under its Chinese parent poses a national risk because of the personal data it handles. Trump said on Friday he was planning to ban TikTok in the United States after dismissing the idea of a sale to Microsoft. But following a discussion between Trump and Microsoft CEO Satya Nadella, the Redwood, Washington-based company said in a statement on Sunday that it would continue negotiations to acquire TikTok from ByteDance, and that it aimed to reach a deal by September 15. It was not immediately clear what changed Trump's mind. Banning Ti...
SpaceX Capsule’s Successful Splash Down With NASA Astronauts Brings Cheer on Twitter
Business

SpaceX Capsule’s Successful Splash Down With NASA Astronauts Brings Cheer on Twitter

US astronauts Bob Behnken and Doug Hurley, who flew to the International Space Station in SpaceX's new Crew Dragon, splashed down in the capsule in the Gulf of Mexico on Sunday after a two-month voyage that was NASA's first crewed mission from home soil in nine years.Behnken and Hurley undocked from the station on Saturday and returned home to land in the waves off Florida's Pensacola coast on schedule at 2:48 p.m. ET following a 21-hour overnight journey aboard Crew Dragon "Endeavor".The successful splashdown was a final key test of whether Elon Musk's spacecraft can transport astronauts to and from orbit — a feat no private company has accomplished before."On behalf of the SpaceX and NASA teams, welcome back to Planet Earth. Thanks for flying SpaceX," SpaceX mission control said upon ...