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China responds to Tiktok ownership demands

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China’s foreign ministry emphasises the importance of companies making independent decisions regarding their operations and deals. This statement comes after U.S. President Donald Trump proposed that American companies should hold a 50% ownership stake in TikTok.

The Chinese government advocates for businesses to manage their affairs without external pressures, especially concerning international ownership proposals. Previously, TikTok services were restored in the U.S. after Trump announced efforts to revive the app’s access.

The app had been shut down on national security grounds due to concerns over data misuse by its Chinese parent company, ByteDance. Trump’s proposal includes a joint venture granting the U.S. 50% ownership, aiming to address security concerns. However, some Republicans demand a full divestiture of TikTok from Chinese ownership. China signals openness to a deal, hoping to avoid another damaging trade conflict. The situation remains fluid as both nations navigate the complexities of international business and security.

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Fed rate cut fallout shakes global markets

US Federal Reserve’s rate cut unsettles investors, igniting debate on easing cycle versus one-off move.

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US Federal Reserve’s rate cut unsettles investors, igniting debate on easing cycle versus one-off move.


The US Federal Reserve’s latest quarter-point rate cut has unsettled investors worldwide, sparking debate over whether it signals the start of an easing cycle or a one-off move.

#FederalReserve #Markets #InterestRates #Australia #TickerNews


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Aussie jobs market shows signs of strain

Australia’s job market shows decline with 5,400 cuts in August; unemployment steady at 4.2% despite easing migration.

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Australia’s job market shows decline with 5,400 cuts in August; unemployment steady at 4.2% despite easing migration.


Australia’s labour market is losing momentum, with 5,400 jobs cut in August and participation falling, even as unemployment held steady at 4.2%.

Employment growth has slowed sharply, migration is easing, and the Aussie dollar has dropped after touching an 11-month high.

#Australia #Jobs #FederalReserve #InterestRates #Markets #TickerNews


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Trump threatens TV networks over licences

Trump escalates feud with networks post-Kimmel suspension, threatening license revocations amid claims of bias against him.

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Trump escalates feud with networks post-Kimmel suspension, threatening license revocations amid claims of bias against him.


President Donald Trump has escalated his feud with television networks after ABC suspended Jimmy Kimmel’s late-night show.

Trump suggested broadcasters that he claims are “against him” could face licence revocations.

He argued that networks were “97 percent against me” during the 2024 election and praised FCC Chairman Brendan Carr as “outstanding.”

#Trump #Media #FCC #JimmyKimmel #TickerNews


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