Trump says buyer found for TikTok
U.S. President Donald Trump says a group of “very wealthy people” is ready to buy TikTok, but the deal will require China’s sign-off—despite looming deadlines under U.S. law.
China on Tuesday announced a ban on the import of genetic sequencers from U.S. medical equipment maker Illumina, just minutes after President Donald Trump's additional 10% tariff on Chinese goods took effect.
The ban, which will come into force on March 4, is part of a series of retaliatory measures implemented by Beijing in response to the new U.S. tariffs.
According to a statement by China’s commerce ministry, the ban follows the placement of Illumina on the “unreliable entity” list in February. The ministry cited that Illumina had suspended normal transactions with Chinese enterprises and taken discriminatory measures against them. Genetic sequencers are essential for determining DNA or RNA sequences, aiding scientists in studying genetic variations linked to diseases and diagnosing rare conditions. China accounts for about 7% of Illumina’s global sales.
Responding to inquiries, Illumina stated that it would continue to serve its customers in China and remain committed to operating in compliance with the latest guidelines from the Ministry of Commerce. The company is currently assessing the impact of the ban on its operations in the region.
The measure targets Illumina as part of a broader crackdown on U.S. firms, though Beijing has so far refrained from imposing restrictions on major U.S. household names. Analysts note that the move could bolster domestic competition, as shares in local rivals such as BGI Genomics and MGI Tech saw significant gains, with estimates suggesting a potential business opportunity of 750 million yuan ($103 million) for MGI Tech this year.
This development is one of several steps taken by China in its escalating trade dispute with the United States, following previous actions such as tariffs on $21 billion worth of American agricultural and food products and restrictions on other U.S. companies deemed unreliable.
Iran launched 18 ballistic missiles late Sunday targeting the U.S. military’s Al-Udeid Air Base in Qatar, the largest American installation in the Middle East.
The U.S. economy faces a 40% risk of recession in the second half of 2025, JP Morgan analysts said on Wednesday, citing rising tariffs and stagflation concerns.
China has ramped up efforts to protect communities impacted by flood control measures, introducing stronger compensation policies and direct aid from the central government.
Severe rain in Venezuela has caused rivers to overflow and triggered landslides, sweeping away homes and collapsing a highway bridge, with five states affected and no casualties reported so far.
A data transmission failure at Milan's Area Control Center has suspended over 300 flights across northwest Italy since Saturday evening.
The Austrian Grand Prix at the Red Bull Ring will stay on the calendar through 2041 after announcing on Sunday a contract extension that equals Miami as the longest in Formula One.
Canada has scrapped its digital services tax targeting U.S. technology firms just hours before it was set to take effect, in a move aimed at reviving stalled trade negotiations with the United States.
U.S. President Donald Trump is set to attend the opening of a temporary migrant detention centre in southern Florida, as his administration intensifies efforts to increase detentions and deportations.
Start your day informed with AnewZ Morning Brief: here are the top news stories for 30th June, covering the latest developments you need to know.
Jeannette Jara, Chile’s former labour minister, has emerged as the incumbent government’s presidential candidate after a decisive primary victory, setting up a contest against right-wing rivals in November.
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