Microsoft Corp's bid to carve out parts of TikTok from its Chinese owner ByteDance will be a technically complex endeavor that could test the patience of President Donald Trump's administration, according to sources familiar with the setup. Francis Maguire reports.
Reuters US equities closed mixed on Friday as traders weighed escalating US-China tensions against rosy labor-market data. President Donald Trump issued executive orders Thursday afternoon targeting TikTok-owner ByteDance and WeChat-owner Tencent. The orders ban US transactions with the apps in 45 days. The US on Friday placed sanctions on 11 Chinese officials and their counterparts in Hong Kong. On the economic data front, the US added 1.8 million jobs in July.
Hong Kong media tycoon Jimmy Lai became the highest-profile person arrested under a new national security law on Monday, detained over suspected collusion with foreign forces as around 200 police searched the offices of his Apple Daily newspaper. Soraya Ali reports.
China has put its new National Security Law into action and arrested its most vocal critic -- Hong Kong media mogul Jimmy Lai. Lai owns the Apple Daily newspaper and Next Magazine, two outlets that are..