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Showing posts from August, 2020

US to Ban TikTok: ByteDance Need to Sell TikTok’s U.S. Operations to an American Company

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Donald Trump’s trade war with China has forced ByteDance's TikTok, to pursue a sale of its US business after the president signed an executive order last week that could shut it down on 15 September . Separating the parts of TikTok; Microsoft is aiming to buy from the social media platform and its Beijing-based parent company ByteDance could take up to a year or more, well past a September 15 deadline set by White House. The arguements came from White House officials saying that TikTok poses a national security risk, claiming personal user data could be shared with the Chinese state government. So far, Twitter and Microsoft are the only reported bidders for Bytedance’s business, but others could emerge. And there’s the potential that any sale could be scuttled by lawsuits challenging the President’s executive order.  Source: Sensor Tower  The US software company Microsoft said on Sunday it was in negotiations with ByteDance, to explore “a purchase of the TikTok serv...

White House Targets WeChat: Tencent Loses $46 Billion

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The Trump administration’s move to ban U.S. residents from doing business with Tencent Holdings Ltd. ’s WeChat app rippled through Chinese markets, erasing $46 billion from the Internet giant’s market value and sending the yuan to its biggest slump in two weeks.  The U.S. president’s executive order fueled concern that the deteriorating U.S.-China relationship will weigh on companies, economies and markets. Confusion over the scope of the order led to volatile trading on Friday, with Tencent plunging more than 10% before paring its loss to 6.8% at the midday break. A U.S. official later clarified the ban will only cover WeChat. China’s largest gaming and social media company cratered after the vaguely worded executive order raised concerns a ban could hammer not just the use of WeChat and WeChat Pay in the U.S. but extend to business relationships with some of America’s largest corporations. The world’s biggest games publisher by revenue in 2019, according to Newzoo data, it c...

Lebanon Massive Outbreak : Who is considered to be reponsible?

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Tuesday’s explosion destroyed much of the Lebanese capital’s main coastal port, leaving at least 137 people dead, 5,000 injured, and hundreds of thousands homeless. The area in the immediate vicinity of the blast resembled a smoking wasteland with a 400-foot-wide crater, and the empty shells of apartment buildings scarring the city skyline. This explosion in Beirut was giving a way to anger, as new information emerged that officials in the Lebanese capital had ignored repeated warnings about a stockpile of dangerous chemicals linked to the blast. The ammonium nitrate — equivalent to 1,800 tons of TNT — was unloaded from the cargo ship Rhosus in 2014, according to two letters issued by the director general of Lebanese Customs. There is a growing body of evidence, including emails and public court documents, that officials knew about a shipment of thousands of tons of  “floating bomb” that had been confiscated by Lebanese authorities and was being stored in a warehouse...

Nepal to Send Revised Controversial Map to India, UN & International Community

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The government of Nepal plans to send its recently revised map to the international community, Google and India, said a minister. Indian territories of Kalapani, Limpiyadhura, and Lipulekh will be included in the revised map, the minister added. “We are soon delivering the revised map incorporating Kalapani, LipuLekh and Limpiyadhura to the international community,” said Minister for Land Management, Padma Aryal. The map was passed by 258 votes in the country’s 275-seat parliament. The ministry has even asked the department of measurement to print 4,000 copies of the updated version of Nepal’s map. This will be in the English language so as to send it to the international community. Up to 25,000 copies have been printed by the department and are also distributed around the nation. People can buy the newly revised map for Nepali Rs 50 and provincial and all other public offices will be given copies free of cost.She added that the map will have been delivered by the end of Nepali m...