Surinjana Tiwari
๐ค SpeakerAppearances Over Time
Podcast Appearances
So now we know that $36 billion will go towards three infrastructure projects.
projects in the US.
Japan will be working with the Americans on a natural gas facility in Ohio, a deep water oil export facility in the Gulf of Mexico, and a synthetic diamond manufacturing facility.
Now, Donald Trump, posting on Truth Social, said the deal was excellent and that the scale of these projects are so large that they could not be done without one very special word, tariffs.
Thanks a lot.
This is something that we've been hearing about for quite some time now.
And finally, we have confirmation from TikTok that TikTok will sell part of its business to a mixture of firms, and they include Oracle, Silver Lake, and Abu Dhabi-based MGX.
Now, ByteDance is a Chinese company.
It's headquartered here in Singapore, where I am.
I'm right outside its headquarters.
It's also headquartered in Los Angeles.
But this almost completely
closes an issue over the app's US operations for quite some time now, now that we have this deal.
And it feels like the company and the app will be able to move forward because if they did not divest their US operations, they did face a ban under US law.
Crucially, ByteDance will only have the 20% stake, whereas the group of investors will have the majority stake.
And, you know, this has become a trade issue between the US and China, largely because lots of US lawmakers, even Trump himself, have raised national security concerns about TikTok.
They ask whether the Chinese government can access US user data from the app and whether the Chinese government can perhaps manipulate feeds
by accessing that user data.