Business

TikTok Owner Seeking $60 Billion Valuation in U.S. Deal

ByteDance Ltd.’s TikTok app button, reflected in a mirror, is arranged for a photograph on a smartphone in Sydney, New South Wales, Australia, on Monday, Sept. 14, 2020. Oracle Corp. is the winning bidder for a deal with TikTok’s U.S. operations, people familiar with the talks said, after main rival Microsoft Corp. announced its offer

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Exclusive: U.S. pushes arms sales surge to ‘Fortress Taiwan,’ needling China

Military forces fire a High Mobility Artillery Rocket System (HIMARS) rocket during the annual Philippines-US live fire amphibious landing exercise (PHIBLEX) at Crow Valley in Capas, Tarlac province, north of Manila, Philippines October 10, 2016. REUTERS/Romeo Ranoco/File Photo The United States plans to sell as many as seven major weapons systems, including mines, cruise missiles

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Kenya to borrow Sh2.5bn daily ahead of Uhuru exit

The Jubilee administration looks set to borrow an average of Sh2.5 billion daily before the end of President Uhuru Kenyatta’s final term in August 2022, highlighting its growing appetite for foreign debt. Treasury chiefs project in a draft Budget Review and Outlook Paper new loans of Sh1.87 trillion in the two years to June 2020

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UK’s Johnson defends planned law, says EU ‘unreasonable’

In this Wednesday, Sept. 9, 2020 file photo, Britain’s Prime Minister Boris Johnson leaves Downing Street to attend the weekly session of Prime Ministers Questions in Parliament in London. British Prime Minister Boris Johnson has strongly defended his controversial plan to override sections of the Brexit deal that he negotiated with the European Union, arguing

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Johnson faces revolt over plan to break Brexit treaty

Britain’s Prime Minister Boris Johnson speaks during a virtual news conference on the ongoing situation with the coronavirus disease (COVID-19), at Downing Street, London, Britain September 9, 2020. Stefan Rousseau/Pool via REUTERS LONDON (Reuters) – British Prime Minister Boris Johnson will try to persuade rebellious lawmakers in his party to vote on Monday for a

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Boris Johnson defends Brexit change to avoid UK ‘carve-up’

In this Wednesday, Sept. 9, 2020 file photo, Britain’s Prime Minister Boris Johnson leaves Downing Street to attend the weekly session of Prime Ministers Questions in Parliament in London. British Prime Minister Boris Johnson has strongly defended his controversial plan to override sections of the Brexit deal that he negotiated with the European Union, arguing

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Lloyd’s of London expects £5bn in Covid-19 insurance payouts

Credit: The Guardian Photograph: Neil Hall/EPA Lloyd’s of London, the world’s biggest insurance market, said it expected up to £5bn would be paid out in claims related to the coronavirus pandemic. The insurers that operate in the Lloyd’s market are paying out Covid-19 claims in 16 different insurance areas, mostly related to event cancellations but

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Israel, UAE to sign deal at White House next week

Israeli National Security Advisor Meir Ben-Shabbat, center left, elbow bumps with an Emirati official as he leaves Abu Dhabi, Arab Emirates, Tuesday, Sept. 1, 2020. (Nir Elias/Pool via AP) Israel and the United Arab Emirates will sign their historic deal normalizing relations at a White House ceremony on Sept. 15, officials said Tuesday. Senior delegations

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Britain donates military vehicles to the Somali government

Photo/Somali Times The Somali government’s Ministry of Defense has received a large number of military vehicles from the British government, one of the main donors in Somalia. The handover ceremony in the capital Mogadishu was also attended by members of the British contingent, the commander of the 60th Division of the Somali National Army and

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Dubai sells $2bn in bonds for first time in six years

Central Bank of UAE [Achilver/wikipedia] The government of Dubai has sold $2 billion in Islamic and conventional bonds, in its first sale to international debt markets in six years. The sale included $1 billion in ten-year sukuk, or Islamic bonds, and $1 billion in 30-year conventional bonds, Reuters reported. The coronavirus pandemic has affected all

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