Trump says Gaza ceasefire deal with Hamas could happen this week
U.S. President Donald Trump said Sunday there is a strong chance of reaching a ceasefire agreement with Hamas in Gaza this week....
Talks led by the White House to determine TikTok’s future are coalescing around a proposal that would have some of ByteDance’s largest non-Chinese investors increase their stakes and acquire the U.S. operations of the popular short video app.
The plan, according to two sources familiar with the discussions, involves spinning off a U.S. entity for TikTok and reducing Chinese ownership to below the 20 percent limit mandated by U.S. law—an effort aimed at saving the app from an imminent ban on national security grounds.
The proposed deal has drawn strong support from existing ByteDance investors, including Jeff Yass’ Susquehanna International Group and Bill Ford’s General Atlantic, both of which sit on ByteDance’s board. Private equity firm KKR is also participating, the sources said. Under the plan, Oracle would continue to host U.S. user data and guarantee that it remains inaccessible to China, reinforcing assurances of data security.
The proposed restructuring comes in the wake of a law, effective January 19, that requires ByteDance to either divest its U.S. operations or face a ban. U.S. officials have raised concerns over TikTok’s Chinese ownership, arguing that it makes the app vulnerable to potential influence operations by the Chinese government—a claim the company denies, insisting that its content recommendation engine and user data are managed domestically.
White House involvement in the negotiations has been unprecedented, with the administration essentially taking on the role of an investment bank to broker a deal that would allow ByteDance to maintain a stake in TikTok while transferring operational control. The deal is seen as critical not only for TikTok’s survival in the U.S. market but also for setting a precedent in U.S.-China technology relations.
Other groups, including an investor consortium led by billionaire Frank McCourt and another involving YouTube personality Mr. Beast, are also reported to be vying for the app. However, current indications suggest that existing ByteDance investors are the frontrunners in the discussions.
Representatives for TikTok, ByteDance, Susquehanna, Oracle, and the White House could not immediately be reached for comment.
A magnitude 5.5 earthquake struck off Japan’s Tokara Islands on Wednesday, with no tsunami warning issued but residents advised to remain vigilant.
The United States has rescinded licensing restrictions on ethane exports to China, allowing shipments to resume after a temporary halt and signalling progress in efforts to ease recent trade tensions.
Italy plans to grant approximately 500,000 work visas to non-EU nationals between 2026 and 2028, as announced in a cabinet statement. The initiative aims to address labor shortages by expanding legal immigration pathways
Following a deadly glacier collapse in Blatten, near the Swiss Alpine village of Kandersteg, the town is on high alert as melting permafrost and shifting rock threaten another potential disaster after it was buried a month ago.
Australian researchers have pioneered a low-cost and scalable plasma-based method to produce ammonia gas directly from air, offering a green alternative to the traditional fossil fuel-dependent Haber-Bosch process.
U.S. Treasury Secretary Scott Bessent has urged Elon Musk to steer clear of politics and prioritise his companies, after the Tesla CEO announced the formation of a new political party in defiance of President Donald Trump.
TikTok is building a new version of its app for U.S. users ahead of a planned sale to American investors, The Information reported, as President Donald Trump prepares fresh talks with China over the platform’s future.
BRICS leaders meeting in Rio de Janeiro have condemned attacks on Iran, Gaza and Kashmir, while presenting the expanded bloc as a rising force for multilateralism in a world dominated by U.S.-led policies.
Zambian authorities have cleared over 25,000 illegal miners from a gold-rich area in Mufumbwe District, northwest Zambia.
U.S. President Donald Trump said Sunday there is a strong chance of reaching a ceasefire agreement with Hamas in Gaza this week.
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