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US lawmakers

US TikTok ban could hit Oracle’s revenue and profit, cloud provider warns

by Walter Watson
US TikTok ban could hit Oracle’s revenue and profit, cloud provider warns

Oracle warned investors that a new law potential banning TikTok in the US threatens to hurt its financial results. The law signed by President Joe Biden in April “will make …

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Chinese fast-fashion giant Shein filed for London IPO in early June, sources say

by Anas Siddiqui
Chinese fast-fashion giant Shein filed for London IPO in early June, sources say

Shein confidentially filed papers with Britain’s markets regulator in early June, two sources said, kicking off the process for a potential London listing by the online fast-fashion retailer later in …

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Shein’s London IPO plan in regulatory limbo as investors grow jittery, sources say

by Walter Watson
Shein’s London IPO plan in regulatory limbo as investors grow jittery, sources say

The concerns of shareholders adds to the challenges Shein has faced while searching for a place to host its public debut. More troublesome for the online retailer is the regulatory …

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TikTok ban: Shark Tank’s Kevin O’Leary wants to buy Chinese-owned app, sets up crowdfunding campaign

by Walter Watson
TikTok ban: Shark Tank’s Kevin O’Leary wants to buy Chinese-owned app, sets up crowdfunding campaign

Kevin O’Leary has put himself on the notably short list of people who say they want to buy TikTok – and he is making it a group effort. The Shark …

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Chinese-founded Shein’s labour practices face scrutiny ahead of possible London listing

by Walter Watson
Chinese-founded Shein’s labour practices face scrutiny ahead of possible London listing

Senior British lawmakers, including the chairs of three parliamentary committees, have questioned fast-fashion giant Shein’s suitability for a London stock market listing and called for greater scrutiny of the Chinese-founded …

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Opinion | How TikTok’s arrogance sealed its fate in America

by Anas Siddiqui
Opinion | How TikTok’s arrogance sealed its fate in America

Compared to policymakers in other countries, US lawmakers are usually reluctant to regulate business, and many had previously opposed a forced sale of TikTok for fear of creating a perception …

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Balikatan 2024: missiles, military aid, China tensions in focus as ‘biggest ever’ US-Philippines drills begin

by Walter Watson
Balikatan 2024: missiles, military aid, China tensions in focus as ‘biggest ever’ US-Philippines drills begin

Speaking at the opening ceremony on Monday, Philippine armed forces chief General Romeo Brawner Jnr said the drills represent “the essence of unity, collective responsibility and enduring partnership” between the …

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Europe’s mainstream politicians ‘panicking’ to embrace TikTok despite security fears

by Walter Watson
Europe’s mainstream politicians ‘panicking’ to embrace TikTok despite security fears

With European elections approaching in June, mainstream politicians are wary of ceding ground to fringe parties who have successfully exploited its short video format. But TikTok is under increasing scrutiny …

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