President Donald Trump said on Tuesday that the U.S. and China have a deal that would keep TikTok operating in the United States, transferring its U.S. assets to U.S. owners from China's ByteDance, potentially resolving a saga that has lingered for nearly a year.
A deal over TikTok, with its 170 million U.S. users, marks a breakthrough in long-running U.S.-China talks aimed at easing trade tensions.
"We have a deal on TikTok ... We have a group of very big companies that want to buy it," Trump said, without giving details.
He praised the agreement as a win for both countries, saying it would safeguard "tens of billions of dollars of value".
The agreement still requires approval by Congress, which passed a 2024 law demanding ByteDance divest due to security fears.
Although Trump’s administration delayed enforcement three times, he has credited TikTok with boosting his re-election, and the White House recently launched its own account.
The deal was previously stalled when China resisted during U.S. tariff hikes, but this week officials from both countries reached a framework agreement. A final confirmation is expected Friday during a Trump-Xi call.
Other interested buyers included former Dodgers owner Frank McCourt, a startup led by the OnlyFans founder, and Amazon. Analysts value TikTok at up to $50 billion.
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UN Secretary-General António Guterres delivered a stark warning at this year's COP31 summit, saying the climate crisis iss advancing faster than governments' efforts to contain it.
European leaders gathered in Dublin on Thursday, 12 November, for the ninth European Political Community (EPC) summit, with security, defence and energy high on the agenda. Azerbaijani President Ilham Aliyev held talks focused on peace, trade and regional cooperation.
Here's your AnewZ Daily Brief for 11 November. Today, we cover Russia-Ukraine peace talks, political tensions in Washington, strikes in Spain, espionage allegations involving Nvidia's CEO, and climate negotiations at COP31 in Türkiye.
Four million workers across Spain joined a general strike on Wednesday over the country’s deepening housing crisis, unions said, bringing disruption to factories, ports, shops and public transport just weeks before a snap general election.
Iran has unveiled a new underground missile and drone base, warning that it will respond forcefully to any attack, as tensions persist with the U.S. and oil tankers continue to be struck by naval mines in the Strait of Hormuz.
European leaders gathered in Dublin on Thursday, 12 November, for the ninth European Political Community (EPC) summit, with security, defence and energy high on the agenda. Azerbaijani President Ilham Aliyev held talks focused on peace, trade and regional cooperation.
Nvidia chief executive Jensen Huang is stepping down amid reports linking him to a woman suspected by U.S. authorities of spying for China, throwing the future of the $4 trillion chipmaker into uncertainty.
Tajikistan is urging regional allies to step up support for its border with Afghanistan following a series of deadly armed incidents. Despite building more than 80 new border outposts, Dushanbe says it needs further assistance to secure its southern frontier.
Eight people have been killed and at least 17 injured after an apartment building collapsed into a neighbouring construction site in Brooklyn, New York, as rescuers continued searching the rubble for possible survivors.
Russian President Vladimir Putin has thanked U.S. President Donald Trump for facilitating talks between Russia and Ukraine, but warned that any foreign troops deployed in Ukraine would be considered legitimate targets by Moscow.
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