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Business Times is a digital global news publication that provides comprehensive coverage and analysis of the most important business, economic, financial, political and technological issues from China and around the world.
Supreme Court Signals Support for TikTok Ban Over National …
5 hours ago · The Supreme Court on Friday appeared poised to uphold a controversial law that could ban TikTok in the United States unless its Chinese parent company, ByteDance, divests ownership. During over two hours of oral arguments, the justices examined the law through the lens of national security and free speech, signaling a …
Oil Prices Surge Over 3% Amid Sanctions Concerns and Tight …
10 hours ago · Oil prices soared on Friday, with Brent crude reaching its highest levels in over three months, driven by cold weather, declining inventories, and the prospect of further sanctions on key exporters, Russia and Iran. The surge highlights mounting supply concerns as global markets navigate tightening fundamentals and geopolitical uncertainties.
Surprise $1,400 Checks Coming as IRS Finds $2.4b Stimulus …
22 hours ago · A $2.4 billion surplus in federal relief funds has prompted the IRS to send $1,400 checks to people who missed earlier stimulus payments. About one million individuals will receive the money automatically, either by direct deposit or through a mailed check, in the coming weeks. Relief Payments ...
Justice Department and Trump Clash Over TikTok Ban as Supreme …
4 days ago · President-elect Donald Trump has become an unlikely advocate for TikTok, the popular social media platform that faces a looming nationwide ban unless its Chinese parent company, ByteDance, divests ownership. The Supreme Court is set to hear arguments this week in a case challenging the constitutionality of the law that could lead to TikTok's expulsion from the U.S. market just one day before ...
Oil Prices Climb on China Growth Optimism and U.S. Inventory …
Dec 28, 2024 · Crude oil prices advanced on Friday, buoyed by optimism over China's economic recovery and expectations of strong demand in the United States. Both Brent and West Texas Intermediate (WTI) benchmarks were on track for modest weekly gains, bolstered by reports of declining U.S. crude inventories and China's anticipated fiscal stimulus efforts.
Beijing Extends Control Over Critical Minerals, Threatening U.S.
Dec 7, 2024 · China's move to ban the sale of key industrial materials to the United States, and to hold foreign firms accountable for re-exporting restricted goods to America, has jolted an already fragile relationship between the world's two largest economies. Beijing's new regulations, announced this week, impose extraterritorial reach similar to that of U.S. and European sanctions, covering Chinese ...
Bipartisan Funding Deal Collapses Amid Trump’s Call for Tougher ...
Dec 19, 2024 · Efforts to prevent a government shutdown unraveled on Wednesday after President-elect Donald Trump abruptly rejected a bipartisan funding proposal, demanding tougher negotiations just days before the deadline. The move has thrown Congress into chaos as lawmakers face the prospect of a shutdown heading into the holiday season.
TikTok Faces Potential U.S. Ban as Appeals Court Affirms Biden-Era ...
Dec 7, 2024 · TikTok faces a looming ban in the United States as a federal appeals court unanimously upheld a law that could force the popular social media platform to divest from its Chinese parent company, ByteDance, or cease operations by January 19, 2025. The decision marks a significant setback for TikTok, which has vowed to fight the legislation aimed at addressing national security concerns related ...
U.S. Agencies Sound Alarm on 'Ongoing' Chinese Telecom Hack …
Dec 5, 2024 · U.S. authorities are grappling with the ramifications of a sweeping cyberattack attributed to a Chinese state-linked hacking group known as Salt Typhoon, which has infiltrated critical telecommunications networks. Federal agencies, including the FBI, the Cybersecurity and Infrastructure Security Agency (CISA), and the National Security Council, briefed senators in a classified meeting on ...