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TikTok signs joint venture deal to end US ban threat
TikTok signs joint venture deal to end US ban threat
by  AFP

TikTok said Thursday it had signed a joint venture deal with investors that would allow the company to maintain operations in the United States and avoid a ban threat over its Chinese ownership, US media reported.

Nike shares slump as China struggles continue
Nike shares slump as China struggles continue
by  AFP

Nike reported a drop in quarterly profits Thursday, citing a drag from higher US tariffs and continued weakness in China in results that sent shares sharply lower. But tariffs remained a drag.

Trump Media announces merger with fusion power company
Trump Media announces merger with fusion power company
by  AFP

Trump Media & Technology Group, the struggling company that owns the US president's Truth Social platform, announced Thursday a $6 billion merger with fusion power company TAE Technologies, in an unexpected pivot into energy technology. TAE Technologies, founded in 1998, says its fusion technology could provide abundant electricity to power AI infrastructure.

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