China buys record 108.5 million tons of Russian oil as Saudi imports fall 9%
China records a 1.9% drop in crude oil imports in 2024, with slower economic growth and weaker fuel demand affecting buying trends
Trump’s crypto token reaches $12 billion as bitcoin hits record high
$TRUMP rises to become the 18th largest cryptocurrency, recording a 24-hour trading volume of $52.5 billion
TikTok resumes operations in U.S. after Trump promises revival
TikTok reports partial restoration of its website and basic app functions, though it remains unavailable for download on U.S. app stores
$2 billion at stake as firms push for deep-sea mining rules by 2025
Since July 2023, Nauru's legal clause lets countries apply for mining contracts without finalized rules
TikTok stops working in U.S. as ban takes effect
TikTok halts operations in the U.S. and exits Apple and Google app stores
TikTok ban deadline forces businesses to prepare for shutdown
Our U.S. platform generates billions for businesses selling candies, beauty products, clothes, and other goods, say TikTok
U.S. provides $590 million to Moderna for bird flu vaccine development
This funding adds to the $176 million HHS provided last year for late-stage trials of an mRNA vaccine targeting H5N1 avian influenza
Biden tightens rules on Chinese imports before leaving office
The move targets companies like Shein and Temu, which ship millions of low-value packages to U.S. customers daily
PepsiCo faces US FTC lawsuit over price discrimination allegations
The complaint claims PepsiCo provided promotional payments and other benefits to the retailer while increasing prices for competitors
US Supreme Court upholds law banning TikTok
The US Supreme Court ruled against TikTok on Friday in its challenge to a federal law that would have required the popular...
Six Chinese firms face EU complaint over data transfers
Under the EU’s General Data Protection Regulation, data transfers outside the EU are allowed only if the receiving country provides equivalent data protection
China accuses PVH Corp of improper conduct in Xinjiang
The Chinese government plans to hold discussions with PVH Corp, the parent company of Calvin Klein and Tommy Hilfiger
Oil prices steady after reaching multi-month highs
Brent crude futures fall 23 cents to $81.80 per barrel, while U.S. West Texas Intermediate (WTI) crude futures decline 16 cents to $79.88 a barrel
Vivo and Huawei overtake Apple as top smartphone sellers in China
The 17% drop marks Apple’s largest-ever annual sales contraction in China, with declines in all four quarters, including a 25% fall in the final quarter
Tesla safety investigation to proceed, says Trump’s transportation nominee
The probe involves 2.4 million Tesla vehicles with Full Self-Driving (FSD) software after four reported crashes, including one fatal incident in 2023