Trump official says TikTok must become US firm

WASHINGTON: TikTok must become a “US based company controlled by US investors” or will be banned in the United States, Treasury Secretary Steven Mnuchin said on Wednesday (Sep 30). Mnuchin’s comments come amid uncertainty over a US-brokered deal to reorganise ownership of the popular Chinese-owned video-sharing app which US officials have called a national security risk. […]

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Indonesia parliament passes President Joko Widodo’s US$185 billion budget for 2021

JAKARTA: Indonesia’s parliament on Tuesday (Sep 29) approved President Joko Widodo’s US$185 billion budget for 2021, which his finance minister described as both supportive for Southeast Asia’s largest economy and also the start of a fiscal consolidation. The budget, which has a smaller fiscal deficit than this year, was approved by acclamation in parliament. Advertisement […]

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Expect to see more Regina business closures in coming months, says local Chamber

Two local businesses announced permanent closures Tuesday, with more are expected to follow suit according to the Regina and District Chamber of Commerce. Related News:Virtual schools face rocky start — with delays, confusion and technical problemsCoronavirus: Israel considers nationwide lockdown as cases spikeSaskatchewan turkey production steady heading into holiday monthsPandemic impact: Artists thriving in Salt […]

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Netflix argues for free speech in court spat with Indian tycoons over Bad Boy Billionaires series

NEW DELHI: An Indian court’s decision to stall the release of a Netflix series on four Indian tycoons facing fraud allegations “freezes free speech” and hurts the company financially, the US streaming giant has argued in a court filing seen by Reuters. Bad Boy Billionaires is a documentary series about liquor tycoon Vijay Mallya, Sahara group’s Subrata Roy, […]

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Japan’s economy shrinks more than expected in Q2, heightens woes for new leader

TOKYO: Japan’s economy shrank more than initially estimated in the second quarter as capital expenditure took a hit from the coronavirus crisis, highlighting the challenge policymakers face in averting a deeper recession. Other data put that challenge in perspective, with household spending and wages falling in July as the broadening impact of the COVID-19 pandemic kept […]

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