TikTok signs deal to sell US unit to American investor-led venture

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From Alsatians to autonomy: China seeks home-grown edge in police dogs

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TikTok signs deal to sell US unit to American investor-led venture

WASHINGTON, Dec 18 (Reuters) – TikTok’s Chinese owner, ByteDance, signed binding agreements with three major investors to sell just over 80% of the company’s U.S. assets to American and global investors to avoid a U.S. government ban, TikTok CEO Shou Zi Chew told employees on Thursday.The deal is a major step …

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Woodside’s next CEO must steer costly LNG projects through glut risk

SINGAPORE/PERTH, Dec 18 (Reuters) – Woodside Energy faces a leadership shake-up after chief executive Meg O’Neill’s surprise exit for the top job at BP, a move that comes as the Australian firm is striving to deliver key projects in a market braced for oversupply.The oil and gas producer is expected to press …

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US blockade likely to reduce foreign currency in Venezuela, stoke inflation

U.S. President Donald Trump ordered theÂ blockade on Tuesday, Washington’s latest move â to pressure Venezuelan President Nicolas Maduro’s government by targeting its main income source.Trump’s campaign against Maduro has included a military buildup in the region and more than two dozen strikes on …

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Bank of England cuts rates after tight vote but signals caution over further moves

LONDON, Dec 18 (Reuters) – The Bank of England cut interest rates on Thursday after a narrow vote by policymakers but it signalled that the already gradual pace of lowering borrowing costs might slow further.Â After a big drop in inflation and a new forecast from BoE staff that the economy is stagnating, fi …

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