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US stocks tumbled Friday as Wall Street anxiously waited for President Trump to announce his next economic salvo against China. The Dow Jones industrial average slid as much as 368.97 points, or 1.4 percent, to 25,031.67 ahead of Trump’s 2 p.m. news conference, where he’s expected to detail the US response to China’s recent crackdown …
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Chinese gaming company Beijing Kunlun Tech said on Friday that a US national security panel approved the $620 million sale of popular gay dating app Grindr to an investor group called San Vicente Acquisition. The panel, the Committee on Foreign Investment in the United States (CFIUS), ordered Kunlun last year to divest Grindr amid concerns …
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North Korean leader Kim Jong Un speaks during the conference of the Central Military Committee of the Workers’ Party of Korea in this image released by North Korea’s Korean Central News Agency (KCNA) on May 23, 2020. (KCNA/Reuters) The Justice Department charged 28 North Koreans and five Chinese citizens with laundering over $2.5 billion in …
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Tensions along the China-India border high in the Himalayas have flared again in recent weeks. Indian officials say the latest row began in early May, when Chinese soldiers entered the Indian-controlled territory of Ladakh at three different points, erecting tents and guard posts. They said the Chinese soldiers ignored repeated verbal warnings to depart, triggering …
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The Trump administration is planning to expel several thousand Chinese graduate students and researchers with ties to Chinese universities affiliated with that country’s military, the New York Times reported on Thursday. The proposed expulsion would affect roughly 3,000 individuals, a small percentage of the 360,000 Chinese students currently in the U.S. American institutions may push …
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A group of House Democrats have announced their backing for a Federal Trade Commission probe into Chinese app TikTok, joining Republicans who have warned of possible security and privacy issues with the app. The Democrats, who are members of the House Energy and Commerce Committee, wrote in a letter Thursday that they supported an FTC …
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China on Thursday approved a controversial national security law that would allow Beijing to wield expanded power over Hong Kong. The vote by the National People’s Congress was close to unanimous: 2,878 delegates voted in favor of the proposal while only one delegate dissented and six abstained. Pro-Democracy activists and other critics say the national …
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Wall Street ended lower on Thursday following a late-session reversal, with Facebook weighing on the market after President Trump said he would sign an executive order related to social media companies and said he would hold a news conference on China on Friday. Stocks had been higher for most of the session as investors continued …
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TikTok’s poaching of Disney’s Kevin Mayer to be its CEO was just the most visible part of a broader strategy by its Chinese owner to shift its center of power away from China at a time of rising global tensions, several people familiar with the plans said. The short video app’s parent company, ByteDance, has …
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Secretary of State Mike Pompeo on Wednesday told Congress that the city of Hong Kong is effectively no longer an “autonomous” entity. “The State Department is required by the Hong Kong Policy Act to assess the autonomy of the territory from China,” Pompeo wrote in a statement. “I certified to Congress today that Hong Kong …
US stocks tumbled Friday as Wall Street anxiously waited for President Trump to announce his next economic salvo against China. The Dow Jones industrial average slid as much as 368.97 points, or 1.4 percent, to 25,031.67 ahead of Trump’s 2 p.m. news conference, where he’s expected to detail the US response to China’s recent crackdown …
