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BUSINESS

BUSINESS latest

TikTok U.S. operations divested in $14B landmark deal with China
September 27th, 2025 - 11:27 GMT
Dr. Mansour Al-Maswari

Mansour Al-Maswari

TikTok U.S. operations divested in $14B landmark deal with China

ALBAWABA- In a high-profile move blending national security concerns with economic strategy, President Donald Trump signed an executive order approving a $14 billion deal to divest TikTok’s U.S. operations from Chinese parent ByteDance. The transaction transfers operational control and U.S. user data to American hands, averting a potential nationwide ban affecting the app’s 170 million U.S. users. President Donald Trump advanced plans for American investors to buy TikTok’s US operations ...
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Iran worries about possible oil price collapse next year

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Euro steadies against dollar amid wariness of weak US presidency

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