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Reuters

ByteDance picks Oracle as partner to try to save TikTok US
Business

ByteDance picks Oracle as partner to try to save TikTok US

  • Treasury Secretary Mnuchin says US will review deal this week.
  • New Chinese requirement gives Beijing a say in any sale.
  • ByteDance proposes technology partnership with Oracle –sources.
  • Oracle to manage TikTok's US data, may buy stake –sources.
Published 14 Sep, 2020 08:41pm
EU to delay euro clearing decision on Brexit divorce threat
World

EU to delay euro clearing decision on Brexit divorce threat

  • The European Commission was due to formally take that decision later this week, but is now expected to delay it until around the end of the month.
  • The delay was linked to Britain's perceived unpicking of the Withdrawal Agreement it signed with the bloc.
Updated 14 Sep, 2020 06:59pm
Alibaba in talks to invest $3bn in Grab
Business

Alibaba in talks to invest $3bn in Grab

  • Uber, which surrendered its Southeast Asian operations to Grab in March 2018, took a 27.5 percent stake in Grab's business.
  • In June, Grab announced a 5% reduction in staff numbers as it cut costs amid slower growth.
Published 14 Sep, 2020 05:14pm