Global Trade and Business

TikTok’s Chinese parent company ByteDance says it has no intention of selling the business after the US passed a law to force it to sell the hugely popular video app or be banned in America. Reuters says “ByteDance doesn’t have any plans to sell TikTok,” the company posted on its official account on Toutiao, a […]

U.S. President Joe Biden will call on Wednesday for sharply higher tariffs on Chinese metal products as part of a package of policies aimed at pleasing steelworkers in the swing state of Pennsylvania, at the risk of angering Beijing. In campaign stops in the “Steel City” of Pittsburgh, Biden is expected to propose raising to 25% the […]

The boss of one of the world’s biggest banks has warned US interest rates could climb to 8%. BBC News says. Jamie Dimon, the head of JPMorgan Chase, said his bank has prepared for interest rates to jump because of “persistent inflationary pressures”. Central banks around the world have been busy raising rates in a […]

Sky News reports that Google is considering charging users for “premium” internet search results powered by artificial intelligence (AI), according to a report. The tech giant is said to be exploring several ideas about how to use the technology, including incorporating enhanced search tools as part of its premium subscription services. Google’s main search engine […]

Chinese President Xi Jinping met with representatives from American business, strategic and academic communities in Beijing on Wednesday. According to Xinhua news today “The success of China and the United States is each other’s opportunity. As long as both sides treat each other as partners with mutual respect, peaceful coexistence and win-win cooperation, China-U.S. relations […]