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Congress is fast-tracking a bipartisan effort to crack down on TikTok that could lead to passage of a law this month forcing a sale or eventual ban of the Chinese-controlled app in the U.S.
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On TikTok, Potential Ban of App Leads to Resignation and Frustration
While Congress says the social app is a security threat, critics of the law targeting it say it shows how out of step lawmakers are with young people.The New York Times - Tech -
Biden Signs TikTok Ban Bill Into Law. Here’s What Happens Next.
President Biden has signed the bill to force a sale of the video app or ban it. Now the law faces court challenges, a shortage of qualified buyers and Beijing’s hostility.The New York Times - Tech - Joe Biden -
Georgian lawmakers move closer to passing 'Russian law' targeting the media. Protesters gather again
Georgia’s Parliament has moved a step closer to passing a law that critics fear will stifle media freedom and endanger the country’s European Union membership bidABC News - World - Russia -
U.S. Imposes Sanctions on Chinese Companies for Aiding Russia’s War Effort
The penalties came after top Biden administration officials warned China not to help Moscow restock its arsenal to attack Ukraine.The New York Times - Business - Russia -
U.S. Imposes Sanctions on Chinese Companies for Aiding Russia’s War Effort
The penalties came after top Biden administration officials warned China not to help Moscow restock its arsenal to attack Ukraine.The New York Times - Top stories - Russia -
How Marc Jacobs Cracked the Code for Going Viral on TikTok
The fashion label is tapping creators to make user-generated content. A social media expert explains why the tactic is working--and what smaller brands can learn from it.Inc. - Business - Tiktok -
Georgia governor signs bill into law restricting land sales to some Chinese citizens
Georgia Gov. Brian Kemp signed a bill into law limiting the ability of some Chinese citizens to buy land in the state.NBC News - Politics -
Georgia governor signs bill into law restricting land sales to some Chinese citizens
Georgia Gov. Brian Kemp signed a bill into law limiting the ability of some Chinese citizens to buy land in the state.NBC News - Top stories -
Australia Cracks Down on Foreign Cash in Critical Minerals
Yahoo News - World - Australia -
Police crack down on campus protests across the nation
Police have removed protesters from encampments at Columbia University, UCLA and other schools following building takeovers and violent clashes.NBC News - Politics
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Hong Kong Shares Rise 0.7% in Morning Trade
Hong Kong’s Hang Seng Index rose in early trade, as markets reopened after the Labor Day holiday. Traders are likely digesting Fed comments on the lack of progress toward its inflation target, said IG.The Wall Street Journal - World - Hong Kong -
Rio Tinto Declines Comment on Whether Considering Rival Anglo American Bid
The chair of Rio Tinto declined to comment on whether the world’s second-largest miner by market value is weighing a bid for Anglo American, the target of a recent $39 billion bid by BHP Group.The Wall Street Journal - World -
Oil Rises in Likely Technical Rebound
Oil prices were higher in early Asian trade in likely technical rebound after recent weakness and the Fed’s less-then-expected hawkish remarks.The Wall Street Journal - World -
RBA May Have Been Too Timid in Fight Against Inflation, Economist Says
The Reserve Bank of Australia has likely been far too timid in raising interest rates given that swaths of the economy are still going strong, according to a former senior manager at the central bank.The Wall Street Journal - World -
Fed Chair Jerome Powell Projects Optimism, But Inflation Data Are in the Driver's Seat
Some analysts warn of limits to how long the Fed can keep rate increases off the table.The Wall Street Journal - World - Federal Reserve