Baykar finalises takeover of Italy’s Piaggio Aerospace
Türkiye’s leading drone manufacturer Baykar has completed its acquisition of historic Italian aviation firm Piaggio Aerospace, paving the way for a...
President Donald Trump is preparing to extend the federal deadline for TikTok’s U.S. ban for a third time, as the June 19 cutoff approaches with no finalized deal in sight, according to government officials.
The decision, if confirmed, would mark yet another delay in a prolonged effort to force a sale of the Chinese-owned social media platform to American investors.
The White House has not issued an official announcement, but sources told The New York Post and The Wall Street Journal that Trump is “willing to announce another extension if it has to happen.” This would continue a pattern of postponements that began in January when Trump took office and first intervened in the app's future.
Initially set to take effect on January 19, the ban was delayed by 75 days, with a second 75-day extension announced on April 4. Negotiations between ByteDance, TikTok’s parent company, and a group of potential U.S. buyers—reportedly led by Oracle—have remained deadlocked amid mounting trade tensions between Washington and Beijing.
In May, Trump told NBC’s Meet the Press, “Perhaps I shouldn’t say this, but I have a little warm spot in my heart for TikTok,” noting the app’s popularity among younger voters who have played a role in his political base.
Trade and national security tensions cloud deal
The potential TikTok sale has become entangled with broader U.S.-China trade issues. Trump’s imposition of “Liberation Day” tariffs in April, raising duties on Chinese imports from 20% to 54%, drew swift retaliation from Beijing, which levied a 34% tariff on U.S. goods. The escalating trade conflict has complicated efforts to finalize TikTok’s transfer to American ownership.
ByteDance acknowledged the impasse in a statement posted to Chinese social media platform WeChat, saying: “We are still in talks with the U.S. government, but no agreement has been reached and the two sides still have differences on many key issues.”
A Wall Street banker involved in negotiations said Trump might allow TikTok to “go dark” if doing so strengthens his leverage in trade talks with China.
Legal gray zone and mounting pressure
Legal experts remain divided on the president’s authority to continue delaying or enforcing a TikTok ban. Ben Sperry of the International Center for Law & Economics told reporters the executive orders fall into a “gray area,” especially under the 2024 Protecting Americans from Foreign Adversary Controlled Applications Act, which restricts U.S. companies from maintaining or distributing apps tied to foreign adversaries, including ByteDance.
Despite bipartisan support for the legislation, enforcement has lagged amid political and economic pressures. Oracle, led by Trump ally Larry Ellison, is expected to be central to any future acquisition of TikTok’s U.S. operations, but no deal has been finalized.
As the June 19 deadline looms, all eyes are on whether the White House will issue another formal extension—or escalate pressure on ByteDance in what has become a flashpoint in U.S.-China relations and digital sovereignty.
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 malfunction in the radar transmission system at the Area Control Center in Milan suspended more than 300 flights at the weekend, across northwest Italy since Saturday evening according to Italy's air traffic controller Enav (National Agency for Flight Assistance).
Thousands of protesters rallied in Bangkok on Saturday, demanding Prime Minister Paetongtarn Shinawatra resign as political and economic tensions mount.
The International Monetary Fund (IMF) on Monday approved the disbursement of an additional $500 million to Ukraine, following the completion of its eighth review under the country’s $15.5 billion Extended Fund Facility.
U.S. President Donald Trump on Monday publicly criticized AT&T for technical issues that disrupted a national conference call with faith leaders, urging the company’s leadership to address the situation and suggesting his administration may turn to a different carrier in future communications.
France, Spain, Kenya, and several other nations announced on Monday a joint pledge to tax premium-class airline passengers and private jet users, in a move aimed at raising billions of dollars for climate action and sustainable development.
Special envoys from Pakistan, China and Russia held an informal meeting in the Qatari capital on Monday to discuss regional cooperation on Afghanistan, Pakistani envoy Mohammad Sadiq confirmed in a post on X.
Türkiye’s leading drone manufacturer Baykar has completed its acquisition of historic Italian aviation firm Piaggio Aerospace, paving the way for a European production base for its unmanned aerial vehicles and civil jets.
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