Western officials have expressed concern over TikTok’s growing popularity among youth, claiming the platform is controlled by Beijing and used as a propaganda tool. Bytedance, the company’s owner, has refuted these accusations. A possible US app ban, according to TikTok, would “trample the free speech” of 170 million people. On Saturday, the US House of…
According to market statistics, Apple suffered from Huawei’s new product introductions in the premium class, which caused the iPhone maker’s smartphone shipments in China to fall 19% in the first quarter of the year—the lowest level since 2020. From 19.7% a year earlier, Apple’s share of the largest smartphone market in the world dropped to…
The lifestyles of the ultra-wealthy are very different, and their investment portfolios differ greatly from those of the typical investor. “Although there isn’t a set cutoff point, joining the 0.001% club can be achieved by centimillionaires or those with a net worth exceeding $100 million,” stated Kevin Teng, CEO of WRISE Wealth Management Singapore, a…
The global shipping sector stated in a letter released on Friday that with attacks in the Middle East intensifying, merchant ships and seafarers are becoming increasingly at danger at sea, and the UN needs to take more action to safeguard supply chains. Since Israel began its war in Gaza in October, tensions have increased throughout the Middle…
According to analysts and traders, the impact of the Middle East crisis on benchmark oil futures prices is being mitigated by ample supplies of some of the largest crude grades. Last week, Brent crude futures temporarily reached their highest level since October at $92 per barrel. Even if governments are already having a difficult time…
According to three people with direct knowledge of the situation, UBS is cutting costs associated with its operations in China by closing portions of its private funds business and laying off one-third of its workforce. According to two of the three sources, UBS plans to close up to 17 of its 19 equities and bond…
Apple said on Friday that it has taken Meta Platforms’ WhatsApp and Threads down from the Chinese App Store at the behest of the Chinese government, which used the excuse of national security issues. Two more international chat applications, Telegram and Signal, were also taken down from the market on Friday, according to app tracking…
Legal experts say that Tesla and Elon Musk are attempting to resurrect Musk’s $56 billion compensation plan by utilising a little-known corporate law provision. This is an unproven strategy that might land the business in legal hot water once more. Despite the fact that a Delaware judge had revoked Musk’s 2018 compensation agreement in January,…
A Google representative announced on Wednesday that the internet giant is making the most recent cost-cutting measures by laying off an undisclosed number of workers. The Google representative stated that internal positions will be open to affected employees and that the layoffs are not company-wide. However, neither the number of impacted individuals nor the teams…
After meeting with President Joko Widodo of Indonesia, Apple CEO Tim Cook announced that the business will “look at” manufacturing there. This comes at a time when the iPhone behemoth is actively diversifying its supply chain to move away from China. “We talked about the president’s desire to see manufacturing in the country and it’s…
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