Monday, August 10
WASHINGTON: TikTok's Chinese owner, ByteDance, finalized a deal on Thursday to set up a majority American-owned joint venture company to avoid a U.S. ban on the popular social media app used by more than 200 million Americans.The deal is a milestone for the short video app after years of battles that began in August 2020, when President Donald Trump first tried unsuccessfully to ban the app over national security concerns.TikTok USDS Joint Venture LLC will secure U.S. user data, apps and the algorithm through data privacy and cybersecurity measures, the company said.The agreement provides for American and global investors, including cloud computing giant Oracle, private equity group Silver Lake and Abu Dhabi-based MGX, to hold a stake of 80.1% in the
New Delhi: A desperate Bangladesh Cricket Board has written to the Dispute Resolution Committee (DRC) of ICC requesting it to overturn the governing body's decision to hold the national men's team's T20 World Cup games in India but its appeal won't be heard as it is outside the remit of the sub-committee. Even as the ICC has kept Scotland on stand-by, the BCB under Aminul Islam Bulbul, after being completely cornered, decided to use its last resort --- approach the DRC headed by Englishman Michael Beloff (Kings Counsel). "Yes, BCB has approached the DRC of ICC as it wants to exhaust all its options. If DRC rules against BCB, then the only body that can be approached is Court of Arbitration of Sports (CAS) in Switzerland," a BCB source told PTI on the condition of anonymity. Bangladesh's in
PM Narendra Modi and Brazilian President Luiz Inácio Lula da Silva on Thursday held a telephone conversation to discuss the South American leader’s possible State Visit here in February to widen Strategic Partnership and agenda for the Global Agenda.“Prime Minister Narendra Modi received a telephone call today (Thursday) from the President of the Federative Republic of Brazil, His Excellency Mr. Luiz Inácio Lula da Silva. The two leaders reaffirmed their commitment to further strengthen the India–Brazil Strategic Partnership and take it to even greater heights in the year ahead,” according to readout issued by the Indian government.Recalling their meetings last year in Brasília and South Africa, the two leaders noted with satisfaction the significant progress achieved across div
