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Taken together with Thursday’s twin order against the Chinese-owned video app TikTok, the move against WeChat marks a shift in the U.S.’ approach to the Great Firewall, which for years has kept companies like Facebook and Google from operating in China. Restricting WeChat and TikTok could be the first steps in an eye-for-an-eye reprisal.
Huawei Technologies Ltd., one of the biggest producers of smartphones and network equipment, is at the center of U.S.-Chinese tension over technology and security. The feud has spread to include the popular Chinese-owned video app TikTok and China-based messaging service WeChat.
Mark Zuckerberg’s net worth passed $100 billion for the first time Thursday after Facebook Inc. hit a record high on optimism about the release of its TikTok competitor Reels, reports Bloomberg. The 36-year-old joins fellow tech titans Jeff Bezos and Bill Gates as the only people in the world who currently have centibillionaire status, according to the Bloomberg Billionaires Index. Zuckerberg’s fortune is largely derived from his 13% stake in Facebook.
President Trump is broadly prohibiting unspecified 'transactions' with Chinese owners of TikTok and WeChat via executive order in 45 days. WeChat and its sister app Weixin in China are hugely popular messaging apps. TikTok has hundreds of millions of users globally. By going after TikTok and WeChat, 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.
Citing national security concerns, the Trump administration announced that it would bar people and property within U.S. jurisdictions from carrying out “transactions” with WeChat and TikTok, the two Chinese-owned apps, after 45 days.
The White House’s vaguely worded edict left a lot of open questions about how broadly the ban would be applied and the full ramifications for Tencent Holdings Ltd.
Yang, in an essay published on China's foreign ministry website, also urged the United States to stop "bullying" Chinese firms and to create a fair, open, non-discriminatory environment for them, in an apparent reference to an impending U.S. ban on transactions with the Chinese owners of messaging app WeChat and video-sharing app TikTok.
The readings, however, showed an unexpected fall in imports, highlighting the battle leaders have in stoking domestic demand as a key driver of national growth.
Trump said he had signed a new executive order to ensure that when it comes to essential medicines, the US buys American. This executive order will require that the US government agencies purchase all the essential medicines it needs from American sources.
U.S. President Donald Trump on Thursday issued an executive order banning any transactions with ByteDance, the Chinese company that owns the video-sharing app TikTok, starting in 45 days. The order comes even as US technology giant Microsoft is in talks with Bytedance to acquire the global assets of TikTok.
What we’re looking at now may be another shock, a sort of economic second wave, almost as severe in monetary terms as the first. And unlike the pandemic, this shock will be entirely self-generated.
The decision opens a Pandora’s Box that digital platforms might one day wish had been kept closed. By citing data privacy and foreign influence to justify its restrictions, the U.S. has thrown a spotlight on issues that Silicon Valley’s social media companies have done well to keep in the shadows as they’ve grown to world-spanning power.
Canada pledged retaliation as tensions heightened between the close allies just weeks after a new continental trade deal between the United States, Mexico and Canada came into effect.
The app may be used for disinformation campaigns that benefit the Chinese Communist Party and the United States "must take aggressive action against the owners of TikTok to protect our national security," Trump said in the order.
Pompeo said the US wants to ban untrusted Chinese apps from the app stores of US mobile carriers and phonemakers.
The deal underscores Astra's frontrunner position in a global race to deliver an effective vaccine, given that Chinese ventures are leading at least eight of the 26 global vaccine development projects currently testing on humans.
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