You are here

Back to top

News

China's ByteDance seeks $60 billion TikTok valuation in U.S. deal: Bloomberg News

China's ByteDance Ltd is seeking a valuation of $60 billion for TikTok as Oracle Corp ORCL.N and Walmart Inc WMT.N take stakes in the short-video app's business to address U.S. security concerns, Bloomberg News reported on Sunday, citing an unnamed person familiar with the matter.

Oracle will take a 12.5% stake in TikTok Global and store all its U.S. user data in its cloud to comply with U.S. national security requirements, the companies said on Saturday. Retail giant Walmart said it would take a 7.5% stake.

English

Ruth Bader Ginsburg, powerhouse Supreme Court Justice, dies at 87

Ruth Bader Ginsburg, the powerhouse Supreme Court justice and champion for women's rights, has died at the age of 87.

"Associate Justice Ruth Bader Ginsburg died this evening surrounded by her family at her home in Washington, D.C., due to complications of metastatic pancreas cancer," Supreme Court spokeswoman Kathy Arberg said.

English

Net short dollar positions fall to $30.90 billion in latest week

Speculators reduced their net short dollar positions in the latest week, according to calculations by Reuters and U.S. Commodity Futures Trading Commission data released on Friday.

The value of the net short dollar position fell to $30.90 billion in the week ended Sept. 15, compared with a net short of $32.67 billion the previous week.

English

Bayern Munich vs FC Schalke 04 : Serge Gnabry scored a hat-trick

Serge Gnabry and Leroy Sane scored as they opened the new Bundesliga season with a demolition of Schalke.

Leroy Sane, making his debut after a £44.7m move from Manchester City, assisted two of Gnabry's goals.

 

Hansi Flick's side have won 22 games in a row.

Robert Lewandowski, Leon Goretzka, Thomas Muller and 17-year-old Jamal Musiala scored their other goals.

English

Ghana economy contracts for the first time in nearly four decades

Ghana’s economy contracted for the first time in almost four decades in the second quarter, by an annual 3.2%, hit by the fallout of the coronavirus pandemic, the statistics office said on Wednesday.

The gold-, oil-, and cocoa-producing West African nation imposed a three-week lockdown at the start of the pandemic in March, leading to the shutdown of numerous businesses, government statistician Samuel Kobina Annim told a news conference.

English

Citgo, Phillips 66 update status of post-Laura operations in Lake Charles

Citgo Petroleum Corp. and Phillips 66 are advancing efforts to restart their refining operations in Lake Charles, La., following damages sustained during Hurricane Laura’s Aug. 27 landfall along the US Gulf Coast in southwestern Louisiana.

With preliminary assessment of damages now completed and repair plans now in place, Citgo expects a phased restart of its 425,000-b/d Lake Charles refining complex, with all units anticipated to be back in service by mid to late-October, the operator said on Sept. 11.

English

Severe floods hit 760,000 people in West and Central Africa

Nigerien student Hachimou Abdou has had to catch a boat to classes since river water swamped his route to university in the capital Niamey - one of about 760,000 people hit by severe flooding in recent weeks in parts of West and Central Africa.

Floods are common during the rainy season, but in recent years climate change, land degradation and poor urban planning have led to more frequent disasters as rapidly-growing cities struggle with heavier-than-normal rainfall.

English

Semenya loses appeal against CAS ruling over testosterone regulations

Double Olympic 800 metres champion Caster Semenya has lost her appeal to the Swiss Federal Tribunal (SFT) to set aside a 2019 Court of Arbitration (CAS) ruling that female athletes with high natural testosterone levels must take medication to reduce it.

But the South African has indicated that she may continue her battle in the European and domestic courts ahead of the Olympics in Tokyo next year, vowing to “fight for human rights”.

English

The limits of Macron’s influence in Lebanon

There was no mistaking the symbolism behind French President Emmanuel Macron’s trip to Beirut.

His Monday night arrival in the Lebanese capital marked his second visit in the space of weeks and coincided with the 100th anniversary of the country’s formation as a French colonial protectorate. Macron planted a cedar tree, an iconic emblem at the center of the Lebanese flag, with hopes for Lebanon’s “rebirth.” French fighter jets soared above the city in formation, trailing red and green smoke.

English

Pages

Subscribe to RSS - News