The White House on Monday gave government agencies 30 days to ensure they do not have Chinese-owned app TikTok on federal devices and systems. TikTok did not immediately comment on the White House memo. Many government agencies including the White House, Department of Defense, Department of Homeland Security, and the State Department had banned TikTok from government devices before the vote. "My bill empowers the administration to ban TikTok or any software applications that threaten US national security," Representative Mike McCaul, the committee chair, said. The White House memo said within 90 days, agencies must address any use of TikTok by IT vendors through contracts and with 120 days agencies will include a new prohibition on TikTok in all new solicitations.
— Elon Musk (@elonmusk) April 21, 2022And, then a u-turn! — Elon Musk (@elonmusk) May 14, 2022Twitter’s Parag Agrawal gave a reply backed with figures and reasoning... 💩 — Elon Musk (@elonmusk) May 16, 2022As Musk’s intention to abandon the deal became clear, the Twitter board moved to the court. pic.twitter.com/D68z4K2wq7 — Elon Musk (@elonmusk) October 26, 2022Musk also tweeted a letter to Twitter’s advertisers, confirming the speculations around completion of the takeover. Dear Twitter Advertisers pic.twitter.com/GMwHmInPAS — Elon Musk (@elonmusk) October 27, 2022And finally...the bird is freed — Elon Musk (@elonmusk) October 28, 2022🎶 let the good times roll 🎶 — Elon Musk (@elonmusk) October 28, 2022This marked the end of the saga or is it just end of season 1?4 months ago Business Today
Amid the surging wave of new Covid-19 cases in China, India has initiated precautionary measures to keep any outbreak at bay. BF.7 is the most infectious variant yet with a shorter incubation period and is reportedly responsible for the sudden surge in China. As per news reports, the January 2022 wave in India was due to the BA.1 and BA.2 sub-variants of Omicron. “After the January wave, India didn’t report any major outbreak. "While China has witnessed a sudden surge in covid cases, India has demonstrated a decline and control.3 months ago Business Today
US President Joe Biden has nominated Indian-American lawyer diplomat Richard Verma, also a former US ambassador to India, to a top diplomatic position in the State Department, a move hailed by the Indian diaspora here as a "inspired choice". If confirmed by the US Senate, Verma would be the highest ranking Indian-American in the State Department. Earlier in his career, Verma was National Security Advisor to United States Senator Harry Reid while he was a Democratic Whip, Minority Leader and then Majority Leader of the United States Senate. "In nominating Verma to this very senior State Department role, President Biden and Secretary Antony Blinken have made an inspired choice," leading diaspora organisation Indiaspora' said in a statement. By becoming the highest-ranking Indian American in the US government if confirmed, his latest nomination to serve as the chief operating officer of the State Department is no exception.3 months ago Business Today
China Covid crisis: China, which is battling the sudden surge of infections in the last one week, has reported that nearly 37 million people may have been infected with Covid-19 on a single day this week, a government report stated on Friday. This current crisis with 37 million cases a day is so far the largest in the world, a Bloomberg report said. So far, China has reported less than 4,000 new symptomatic local COVID cases nationwide for December 22, and no new COVID deaths for a third consecutive day. On December 19, China reported the first official fatalities since the government shifted away from its zero-Covid policy and eased pandemic restrictions. The government has narrowed the criteria for COVID deaths, which has seen widespread criticism from across the world.3 months ago Business Today
Elon Musk and his $44 billion Twitter takeover have been in the news almost every day for the better of the year. — Elon Musk (@elonmusk) December 21, 2022Ever since he announced that he will be resigning from his CEO job, many have reached out to Musk offering to take over, some even for free. It’s not out of the question — Elon Musk (@elonmusk) December 22, 20222. He also worked with Snapchat where he built the social media platform’s ad tech platform shortly before the company’s IPO. He embarked upon mass layoffs and recently also announced changes in the user interface of the social media platform.2 months ago Business Today
Vistara, a joint venture of Tata Sons and Singapore Airlines, on Monday reported its first-ever quarterly profit (excluding unrealised foreign currency loss and non-operating income) for the quarter that ended December 2022. Vistara also registered a 11 per cent year-on-year growth in the member base for its frequent flyer program, Club Vistara. Currently, Tata group owns a 51 per cent stake in Vistara and the rest is with Singapore Airlines (SIA). Singapore Airlines (SIA) said it would be investing Rs 2,058.5 crore in Air India as part of the merger transaction. This would give SIA a 25.1 per cent stake in an enlarged Air India group with a significant presence in all key market segments, it added.2 months ago Business Today
Adani Enterprises jumped 9 per cent, whereas Adani Ports gained 8 per cent. Adani Transmission dwindled another 13 per cent, whereas Adani Power and Adani Wilmar were locked in seller's circuit of 5 per cent each. The statement from Adani Enterprises that the FPO is on schedule and that there is no change in the price band is hugely important. So, the price crash on Friday happened mainly due to shorting Adani stocks in general and Adani Enterprises in particular. Also read: Stocks in news: Tata Motors, NTPC, Vedanta, L&T, Tech Mahindra and moreAlso read: Adani Enterprises shares rally 9% but Adani Total Gas, Adani Transmission, Adani Green tumble up to 20%1 month ago Business Today