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The US has imposed restrictions on exports to China’s biggest chipmaker, SMIC, after concluding there is an “unacceptable risk” equipment supplied to it could be used for military purposes.
A judge in California has blocked the Commerce Department’s ban on new downloads of China-based messaging app WeChat, Reuters reported Sunday. US Magistrate Judge Laurel Beeler said in her order that WeChat users showed “serious questions going to the merits of the First Amendment claim, the balance of hardships tips in the plaintiffs’ favor.”
US President Donald Trump said on Saturday he supported a deal in principle that would allow TikTok to continue to operate in the US, even as it appeared to conflict with his earlier order for China’s ByteDance to divest the video app.
China’s ByteDance Ltd. is seeking a valuation of $60 billion for TikTok as Oracle Corp. and Walmart Inc. take stakes in the short-video app’s business to address U.S. security concerns, according to a person familiar with the matter.
Preliminary data from analytics platform Sensor Tower showed Chinese-based WeChat had 10,000 installs in the US Friday, a 150 percent increase from Thursday and a 233 percent week-over-week increase. That’s the largest number of WeChat installs in the US in one day since October 7th, 2019.
An IPO of TikTok would be one of the technology sector’s biggest-ever stock market debuts, given that the app was recently valued by ByteDance investors at more than $50 billion. It would further reduce ByteDance’s stake in the company to appease U.S. officials who want to see the Chinese firm loosen its grip on the video app.
President Donald Trump said on Wednesday he wasn’t ready to approve a deal for an American company to partner with Chinese-owned video app TikTok, which would allow it to continue operating in the United States.
Oil prices edged up on Thursday, but held near multi-week lows hit overnight after U.S. data showed gasoline demand fell and recovery from the COVID-19 pandemic was lagging.
As part of efforts to mitigate the impacts of the deadly Coronavirus, the Minister of Communications and Digital Economy, Dr Isa Ali Ibrahim (Pantami), on Commissioned NITDA Academy Virtual Learning Centre in Abuja.
Professor Adeoti: Demonitization of politics, promotion of integrity prerequisite for national development
A Professor of Development Economics in the Economic Policy Research Department, Nigerian Institute of Social and Economic Research (NISER) Ibadan, Professor John Adeoti has said for Nigeria to tap into the gains of the 4th Industrial revolution, politics must be demonetized and the country must demonstrate to the young generations of Nigerians that values of integrity, hard work, risk taking and excellence are critical to creating businesses that would succeed and make global impacts. He also called for a declaration of state of emergency in the health and education sectors.
Microsoft has won the sought-after JEDI cloud computing contract with the Pentagon valued at as much as $10 billion (€9 billion) over a decade, dealing a blow to the market leader, Amazon, which had been the front-runner.
The presidential candidate of the Peoples Democratic Party, Atiku Abubakar, is insistent that the Independent National Electoral Commission stored election results in a server and has said he will call Microsoft, IBM and Oracle experts to testify that he defeated President Muhammadu Buhari by over 1.6 million votes.
The Ooni of Ife, Oba Enitan Ogunwusi, on Wednesday said that the Google originated from the ‘Ifa’ also known as the oracle.
Jeff Bezos remains the world’s richest person, ahead of Bill Gates and Warren Buffett, according to the latest Forbes list of the ultra-wealthy.
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Former Nigeria U-23 international Umar Sadiq has opened his goal-scoring account with his Spanish Segunda (second division) team UD Almeria.
The Enugu State Commissioner of Police, Mr Ahmad Abdurrahman, has directed his personnel to ensure total enforcement of the 24-hour curfew imposed on the Enugu metropolis.
The Chartered Institute of Bankers of Nigeria (CIBN) has suspended its 2020 Fellowship Investiture Ceremony earlier scheduled for Oct. 24, at Balmoral Convention Centre, Victoria Island, Lagos.
Mr Suleiman Adamu, the Minister of Water Resources, says the passage of Water Resources Bill will boost irrigation farming system and enhance food security in the country.
The number of nations with more than 1 million confirmed COVID-19 cases has risen to seven.
The Muslim Rights Concern has appealed for calm following the escalation of violence in the #EndSARS protest.
Pep Guardiola hopes he can convince Eric Garcia to stay at Manchester City after handing the Spain international a start in Wednesday’s Champions League victory over Porto.
Gov. AbdulRahman AbdulRazaq of Kwara, on Wednesday, urged Nigerians to refrain from actions that could spark another civil war and thus turn citizens to refugees elsewhere.
The Premier League, EPL, has announced that eight people have tested positive for COVID-19 following the latest phase of mass testing.
The Concerned Advocates for Good Governance, CAGG, Thursday condemned the shooting and killings of #ENDSARS protesters at Lekki Toll Gate, on Tuesday by soldiers.