Chinese Executive: Forced Sale of TikTok May Be Inevitable Amid US Scrutiny

The Chinese company that owns popular video-sharing app TikTok is exploring all possibilities to ensure that its subsidiary can continue operating in the United States, according to a memo sent out Monday by Chief Executive Officer Zhang Yiming.Beijing-based ByteDance has come under pressure from Washington to sell off its U.S. TikTok operations over concerns that…

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Microsoft, TikTok to Continue Talks; Trump Gives App’s Chinese Owner 45 Days to Reach Deal to Sell

Microsoft Corp said Sunday it would continue talks to acquire popular short-video app TikTok from Chinese internet giant ByteDance. Meanwhile, U.S. President Donald Trump has agreed to give ByteDance 45 days to negotiate the sale, two people familiar with the matter said Sunday.   Microsoft, which is aiming to conclude talks by Sept. 15, released…

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Trump To Ban TikTok

President Donald Trump says he intends to ban the operation of TikTok in the U.S.Trump said Friday he could take action as soon as Saturday to stop the operation of the popular video-sharing social media app in the U.S.“As far as TikTok is concerned, we’re banning them from the United States,” he told reporters traveling…

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EU Sanctions Russian Intelligence, N.Korean, Chinese Firms over Alleged Cyberattacks

The European Union on Thursday imposed travel and financial sanctions on a department of Russia’s military intelligence service and on firms from North Korea and China over their suspected participation in major cyberattacks across the world.In its first-ever sanctions related to cybercrime, the EU targeted the department for special technologies of the Russian military intelligence…

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Amid Pandemic, Big Tech Reports Mixed Earnings

Big Tech companies reported mixed quarterly earnings Thursday, a day after their top executives faced a tough congressional grilling over their market power and alleged monopolistic practices.The staggering economic fallout caused by the coronavirus pandemic was reflected in reports released Thursday from Amazon, Facebook, Apple and Google’s corporate parent, Alphabet.Apple delivered surprisingly strong numbers with…

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Congress to Question Tech CEOs About Market Dominance

They control the digital spaces where many around the world spend their time, shop, work, and talk to friends and family.  Together, the companies’ combined annual sales are roughly the same as the gross domestic product of Saudi Arabia, as Axios notes.Now the CEOs of four top U.S. technology companies — Apple, Amazon, Facebook and Google – are set to answer questions Wednesday in…

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US Cyberfirm Says Vatican Target of Chinese Hackers, NY Times Reports

The New York Times Wednesday said the Vatican’s computer networks have been breached by Chinese hackers since May, in an apparent espionage effort before the start of sensitive talks between the Roman Catholic Church and Communist China. The Times says the attack, discovered by private U.S.-based cybersecurity and monitoring firm Recorded Future, appears to be the first time hackers…

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