• Trump admits there's no 'legal path' for TikTok to pay the US government as part of a sale to an American company

    5 days ago - By Business Insider

    Jim Watson/AFP via Getty Images; Samantha Lee/Business Insider
    Trump acknowledged during a press conference Wednesday that TikTok can't legally pay the US government as part of a deal involving an American company.
    "Amazingly, I find that you're not allowed to do that, you're not allowed to accept money," Trump told reporters.
    The president had previously claimed he could force TikTok and any US-based buyers to pay the Treasury Department a "very big" cut , though it was unclear that such an arrangement would be legal.
    Oracle has recently emerged as the favorite to acquire some of TikTok's...
    Read more ...

     

  • The US just charged a group of Chinese hackers with orchestrating 'unprecedented' cyberattacks targeting over 100 companies, government agencies, and universities

    5 days ago - By Business Insider

    CHANDAN KHANNA/AFP via Getty Images
    Federal prosecutors accused a group of hackers based in China and Malaysia with cyberattacks targeting more than 100 companies, government agencies, and nonprofits worldwide in charges unsealed Wednesday.
    It's one of the largest hacking campaigns to be prosecuted in the US to date, prosecutors said.
    The hackers are accused of being a part of a China-based hacking operation called APT41, also known as Barium.
    Two Malaysian businessmen were arrested Monday in connection with the cyberattacks, according to prosecutors. Five more defendants are believed to...
    Read more ...