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Orface removal from us app stores. Ahead of a house vote on the bill on wednesday, lawmakers received a classified briefing from intelligence officials on the administrations worries about the video app and how it could potentially use data it collects from americans. Democrats said the stakes couldnt be higher. My concerns are they will try to influence the election and elect donald tiktok trump. President ial hopeful donald trump. Among those opposing the ban, president ial hopeful donald trump. Still, republicans backing the bill largely dismissed concerns about trumps backlash weighing the party from getting the legislation done. Trumps comments actually, you can square them with what the bill does, to put differently, to put a finer point on it, the bill doesnt shut down tiktok and force all of tiktok s users onto facebook. What we are after is a separation from tiktok from its Parent Company, bytedance, and by extension, th ....
A sharp fall in its net profit, slipping 25 in 2023 compared to the previous year. Aramco attributed the downturn to Lower Crude Oil prices and decreased production. The companys net income dropped from 161 billion in 2022 to 121 billion last year. Despite the challenges posed by declining oil prices, aramco will increase its dividend payments, providing a much needed financial boost to saudi arabia. Lets get more now from our middle east Business Correspondent sameer hashmi. With a big fall off in profit, why is it increasing its dividend . It its dividend . Is a steep fall compared to 2022. It is a steep fall compared to 2022. It is still the second best performance in terms of annual results at 121 billion. Two reasons why they increased the dividend pay out. Number one, Aramco Abbott is the main driver of the ....
China is experiencing a rare episode of sliding prices. Japans economy experienced this back in the 1990s and early 2000s. Now, this comes hot the heels of disappointing china trade data on tuesday, which showed that exports sank at their fastest rate since the pandemic, dropping by more 14 in the year tojuly, with imports also falling by more than 12 in the same period. Joining me now is duncan wrigley, Chief China Economist at pantheon macroeconomics. Thank you very much for being with us today. The Rest Of The World looking on in amazement. Considering the inflationary pressures the rest of us are dealing with. What do you read Between The Lines in this latest data . Between the lines in this latest data . Latest data . Ok, i mean, there are some latest data . Ok, i mean, there are some shortterm latest d ....
authorities struggle to boost investor confidence which has been hit by an economic slowdown and a deepening crisis in the property sector. earlier i spoke to investment bank saxo and she told me investors want to see beijing implement long term structural reforms. it is not something that can offer that long term comfort to chinese investors or those who are actually looking for the stocks to get dirt cheap and make an entry into that market. these are measures that we have obviously seen in the past as well in the last few weeks, and all they really do is to try to put a float but it is not something that investors are excited about, the chinese market. i think investors are really waking waiting for some kind of structural reform there is just a whole message that has been coming out of the bureau meeting and the lack of details on when we are really going to see that third plan meeting which actually focuses on the structural side of the economy. those are really ....
do you think they will be able to get their money back? i think that for the major debt holder, the bond order should be, to be honest, we expect this bond order can still only recover approximately 2% or 3% under liquidation scenario and currently the bond issued by evergrande is only trading at 2 cents of the dollar. at this point we believe the most valuable assets owned by evergrande are still in offshore assets which include the share of the publicly serviced and other electric vehicle divisions. meanwhile we think it is virtually impossible to recover anything from its onshore assets. what are the broader implications for the industry from evergrande s liquidation? actually, evergrande is the first developer, first large developer that has been ordered to liquidate. if you look at the previous example, we also saw that the government between hong kong and mainland china china has unusual recognition for insolvency proceedings. so in theory, liquidators from hong k ....