• A deal between TikTok and US-based Oracle will need Beijing's approval, the app's owner ByteDance said

    6 days ago - By Business Insider

    China and US flags are seen near a TikTok logo in this illustration picture taken July 16, 2020.
    Reuters/Florence Lo
    China will have to approve a proposed TikTok partnership with US tech firm Oracle, the app's owner ByteDance said Thursday.
    The deal, put forward to the US government on Monday, would see TikTok's headquarters move to the US, with Oracle as a "trusted technology provider."
    ByteDance wants to keep its share of the video app as part of the deal, but President Donald Trump told a press briefing Wednesday he was “not prepared to sign off” on it.
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  • The US will reportedly sell Taiwan $7 billion worth of mines, cruise missiles, and drones, amid concerns about China's growing military presence

    6 days ago - By Business Insider

    Taiwan President Tsai Ing-wen.
    Reuters
    The US government is reportedly planning an arms deal worth $7 billion with Taiwan, which is concerned about China's growing military presence in the region.
    The weapons provided to Taiwan could include mines, cruise missiles, and drones, the Financial Times reported.
    Two Chinese anti-submarine aircraft were spotted off Taiwan's south-west coast on Wednesday, according to Taiwan's defence ministry.
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    Taiwan will reportedly receive billions of dollars' worth of weapons from the US government, amid...
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