U.S. House of Representatives Speaker Kevin McCarthy said on Sunday lawmakers will move forward with legislation to address national security worries about TikTok, alleging China’s government had access to the short video app’s user data. In the United States, there are growing calls to ban TikTok, owned by China-based company ByteDance, or to pass bipartisan […]
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U.S. Vice President Kamala Harris said on Sunday that the United States will increase investment in Africa and help spur economic growth as she began a week long tour of the continent aimed at offering a counter to the influence of rival China. China has invested heavily in Africa in recent decades, including in infrastructure […]
U.S. lawmakers on Thursday battered TikTok’s CEO about potential Chinese influence over the platform and said its short videos were damaging children’s mental health, reflecting bipartisan concerns about the app’s power over Americans. CEO Shou Zi Chew’s testimony before Congress did little to assuage U.S. worries over TikTok’s China-based parent company ByteDance and added fresh […]
Plane giants Airbus and Boeing face mounting pressure to set up jetliner plants in India, after the country’s civil aviation minister told Reuters the “time has come” to serve its soaring demand with jets assembled on domestic soil. Jyotiraditya Scindia said conditions were ripe for a “leap of faith” by both jetmakers as India’s fast-growing […]
U.S. Treasury Secretary Janet Yellen reiterated on Thursday that she was prepared to take further action to ensure that Americans’ bank deposits stay safe amid turmoil in the banking system. “As I have said, we have used important tools to act quickly to prevent contagion,” Yellen said in remarks to the U.S. House of Representatives […]
A recent ban of TikTok use on U.S. government-owned devices, coupled with new legislation in Congress seeking to block the app, have fueled expectations the popular Chinese-owned platform could soon be barred nationwide. Adding to the perception, last week the company said the Biden administration had demanded TikTok’s owners divest their stakes in the popular […]
Moderna Inc has entered a licensing deal with Generation Bio Co to develop treatments targeting the immune system and liver, the latest such transaction by the vaccine maker as it expands beyond its COVID shots. Generation Bio’s shares rose about 13.14% to $4.40 in premarket trading on Thursday. Moderna will pay $40 million in cash […]
The United Nations wants to get people talking in New York this week about investing in safe water, sanitation and hygiene, which it describes as “the most basic human need for health and wellbeing”. Puzzles remains over how best to count the financial, social and environmental costs and benefits of water, but many investors now […]
The Biden administration is under pressure to ban popular Chinese-owned social media app TikTok, but any such move likely hinges on passage of a new law that bolsters the government’s authority to regulate speech, experts said. Pressure is mounting from lawmakers and national security hawks to ban TikTok, which is owned by China’s ByteDance, over […]
Australia’s revenue potential from developing a battery industry has doubled to A$16.9 billion ($11.28 billion) by 2030 in less than two years, highlighting the speed of the sector’s expansion and the need to act quickly, an Accenture report showed on Wednesday. Australia’s battery industry is poised to become a global leader given the country’s mineral […]