offers

Exclusive: TikTok’s Chinese owner offers to forego stake to clinch U.S. deal – sources

NEW YORK/WASHINGTON (Reuters) – China’s ByteDance has agreed to divest the U.S. operations of TikTok completely in a bid to save a deal with the White House, after President Donald Trump said on Friday he had decided to ban the popular short-video app, two people familiar with the matter said on Saturday.

FILE PHOTO: TikTok logos are seen on smartphones in front of a displayed ByteDance logo in this illustration taken November 27, 2019. REUTERS/Dado Ruvic/Illustration/File Photo

U.S. officials have said TikTok under its Chinese parent poses a national risk because of the personal data it handles. ByteDance’s concession will test whether Trump’s threat to ban TikTok is a negotiating tactic or whether he is intent on cracking down on a social media app that has up to 80 million daily active users in the United States.

Trump told reporters onboard Air Force One late on Friday that he would

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Exclusive: ByteDance offers to forgo stake in TikTok to clinch U.S. deal – sources

FILE PHOTO: TikTok logos are seen on smartphones in front of a displayed ByteDance logo in this illustration taken November 27, 2019. REUTERS/Dado Ruvic/Illustration/File Photo

NEW YORK (Reuters) – China’s ByteDance has agreed to divest the U.S. operations of TikTok completely in a bid to save a deal with the White House, after President Donald Trump said on Friday he had decided to ban the popular short-video app, two people familiar with the matter said on Saturday.

ByteDance was previously seeking to keep a minority stake in the U.S. business of TikTok, which the White House had rejected. Under the new proposed deal, ByteDance would exit completely and Microsoft Corp would take over TikTok in the United States, the sources said. Some ByteDance investors that are based in the United States may be given the opportunity to take minority stakes in the business, the sources added.

The White House did

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Amazon to open 10 new India warehouses; offers insurance

FILE PHOTO: The logo of Amazon is pictured inside the company’s office in Bengaluru, India, April 20, 2018. Picture taken April 20, 2018. REUTERS/Abhishek N. Chinnappa

NEW DELHI (Reuters) – Amazon.com Inc’s (AMZN.O) India unit on Thursday said it will open 10 new warehouses in the country and begin offering auto insurance, in moves that will help the e-commerce giant widen its reach in a key growth market.

With the expansion, Amazon will have over 60 warehouses or fulfilment centres across 15 Indian states with an area equivalent to more than 100 football fields, the company said in a blog post.

The new warehouses will be set up in 10 Indian cities including Delhi, Mumbai and Bengaluru, it added.

India is one of the fastest-growing markets for U.S.-based Amazon but one where it has also had to face regulatory hurdles, and a backlash from traders over accusations of

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Apple offers modified phones to security researchers looking for iOS weaknesses

SAN FRANCISCO (Reuters) – Apple on Wednesday invited security researchers to apply to receive modified iPhones designed to help them hunt for flaws in the company’s mobile operating system.

Apple logo is seen on the Apple store at The Marche Saint Germain in Paris, France July 15, 2020. REUTERS/Gonzalo Fuentes

The phones will let the researchers run any programs on them and give those programs any access to the data on the device, making it easier for outside security experts to probe iOS software.

Apple had promised the initiative a year ago, and the long lead time frustrated some security experts as serious flaws have continued to be discovered.

Specialists have long argued that the opacity of Apple’s devices has not made them more secure than phones running Android and other software – it just made analysis harder.

Those concerns ramped up after Apple sued a company that offered an

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