BUSINESS

Bill To Ban TikTok In US Moves Ahead In Congress

TikTok says a ban on the app would violate freedom of expression
The US House of Representatives approved a bill Saturday that would force the wildly popular social media app TikTok to divest from its Chinese parent company ByteDance or be shut out of the American market.

Chinese Swimmers Failed Doping Tests Ahead Of Tokyo Olympics

A host of Chinese swimmers failed doping tests before the Tokyo Olympics, according to The New York Times
Twenty-three Chinese swimmers tested positive for a banned drug before the Tokyo Olympics in 2021 the World Anti-Doping Agency confirmed Saturday, defending the decision to let them compete based on China's findings they had ingested it unknowingly.
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A woman uses her phone outside a cryptocurrency exchange in Hong Kong

'Halving' Arrives For Bitcoin Miners

The bitcoin market on Friday engineered the "halving" of the reward for operating the cryptocurrency, a much-anticipated step designed to limit production and boost the digital money.
The proposed ban on TikTok in the United States has been tied to aid for Ukraine, Israel, and Taiwan, which could ease its passage by both chambers of the US Congress

X Owner Musk Says Opposed To US Ban Of Competitor TikTok

Elon Musk on Friday came out against banning TikTok in the United States, even if it would mean less competition for his social media platform X, formerly Twitter, as the initiative sees fresh bipartisan momentum in Congress.
Tycoon Morris Chang received one of Taiwan's highest medals of honour to recognise his achievements as the founder of semiconductor giant TSMC

Taiwan's TSMC Founder Morris Chang Receives Medal Of Honour

Known as the "godfather" of the island's chip industry, Morris Chang founded Taiwan Semiconductor Manufacturing Company three decades ago, building it into a multi-billion-dollar company that today is a leader in making the microchips that power everything from smartphones to AI technology.
Map of the Middle East, locating the city of Isfahan in Iran.

What We Know About Reported Strike On Iran

Explosions rocked Iran's central Isfahan province on Friday, according to state media, while US officials told American news outlets that Israel carried out a retaliatory strike on the Islamic republic.
Meta founder and CEO Mark Zuckerberg contends freshly released Meta AI is the most intelligent digital assistant people can freely use

Meta Releases Beefed-up AI Models

Meta on Thursday introduced an improved AI assistant built on new versions of its open source "Llama" large language model for powering the technology.
Taiwan Semiconductor Manufacturing Company -- whose clients include Apple and Nvidia -- controls more than half the world's output of silicon wafers

Taiwan Chip Giant TSMC's Profits Surge On AI Demand

Taiwan Semiconductor Manufacturing Company -- whose clients include Apple and Nvidia -- controls more than half the world's output of silicon chips, which have been called the "lifeblood" of the modern world.
Satellite internet operator Starlink is set to receive initial approvals to operate in India, a government source told AFP

Tesla, Starlink Entry On Agenda When Musk Heads To India

Tech billionaire Elon Musk is set to visit India as his businesses seek new markets in the world's most populous nation, with electric carmaker Tesla -- suffering a sales downturn in the United States -- reportedly scouting factory locations.

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