Business

TikTok faces US national security review

A US government national security review of the social media app TikTok is nearly complete and will deliver a recommendation to the White House this week, Treasury Secretary Steven Mnuchin said Wednesday.

Business

US extends deadline for TikTok sale to Nov 27

US authorities have given the Chinese owner of TikTok two additional weeks to divest the social media sensation in order to resolve national security concerns voiced by President Donald Trump's administration.

China tech firm eyes IPO for gay dating app Grindr

The Chinese parent company of the popular gay dating app Grindr on Tuesday said it will "restart" plans for a public listing after a US national security panel dropped its opposition to the move.

Business

US, EU seek to boost cooperation through tech

US and EU officials will hold two days of high-level meetings in Pittsburgh this week in an effort to repair relations damaged under the administration of Donald Trump and boost cooperation on technology issues.

Business

TikTok dismisses calls for Chinese owners to sell stakes

TikTok was dismissive Wednesday of reports that the Biden administration was calling for its Chinese owners to sell their stakes in the popular video-sharing app, saying such a move wouldn't help protect national security.

Business

How a little-known agency holds power over TikTok's future

Under pressure from the U.S. government, TikTok is now facing the music with the possibility of a nationwide ban if it defies a government order to sell to an American company—unless the popular social media app can convince ...

Business

Korean firm's $22B investment will mean new US jobs, WH says

South Korea's SK Group on Tuesday announced plans to invest $22 billion in the United States on industries including semiconductors, green energy and bioscience, which the White House said will create tens of thousands of ...

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