Category: Business

President Donald Trump said on Thursday that he does not plan to extend a deadline for ByteDance to sell TikTok’s U.S. business, with the process still mired in uncertainty. Trump has repeatedly said the deadline for the sale of the short video app is Sept. 15, although that was not the date stipulated in either […]

Oil prices were little changed on Friday, but posted their second straight weekly loss as stockpiles rise around the world and fuel demand struggles to rebound to pre-coronavirus levels. Both Brent and U.S. crude lost about 6% on the week after a series of signals that showed markets still have an abundance of supply. Saudi […]

Nikola Corp said on Friday it could take legal action against Hindenburg Research, a day after the short-seller issued a scathing report accusing the electric truck maker of being a “fraud”. Hindenburg had shorted the stock on Thursday and said it had gathered enough evidence to show that Nikola founder Trevor Milton made false statements […]

Apple Inc AAPL.O on Friday published a revision of some of its App Store review guidelines here, loosening some restrictions on streaming game services, online classes and when developers must use its in-app purchase system, which charges a 30% commission. The company made the changes after criticism from developers over its App Store practices and […]

Nvidia Corp is close to a deal to buy British chip designer Arm Holdings from SoftBank Group Corp for more than $40 billion in a deal which would create a giant in the chip industry, according to two people familiar with the matter. A cash and stock deal for Arm could be announced as early […]

A group of bipartisan U.S. lawmakers urged Walt Disney Co CEO Bob Chapek to explain the company’s connection with “security and propaganda” authorities of China’s Xinjiang region during the production of live-action war epic “Mulan”. Disney’s $200 million live-action remake of its animated classic about a female warrior in ancient China has run into controversy […]

China banned pork imports from Germany on Saturday after it confirmed its first case of African swine fever last week, in a move set to hit German producers and push up global prices as China’s meat supplies tighten. China’s ban on imports from its third largest supplier comes as the world’s top meat buyer deals […]