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U.S. lawmakers said a proposed joint venture by TikTok and its Chinese parent ByteDance to avoid a nationwide ban requires close congressional scrutiny, citing unresolved national security concerns. The deal would create a majority American-owned entity to operate TikTok in the United States, with U.S. and global investors holding 80.1% and ByteDance retaining 19.9%. Republican […]
The Trump administration has pushed out a senior U.S. Commerce Department official whose office played a key role in effectively barring Chinese passenger vehicles from the American market on national security grounds, according to people familiar with the matter. Elizabeth “Liz” Cannon has resigned as executive director of the Office of Information and Communications Technology […]
Swiss banking giant UBS is exploring plans to offer cryptocurrency investment services to select private banking clients, according to a report by Bloomberg News, citing people familiar with the matter. Under the proposal, UBS would initially allow a limited group of its private banking clients in Switzerland to buy and sell major digital assets such […]