Thursday, 11 February 2021

U.S. Justice Department seeks to delay appeals on WeChat, TikTok restrictions

U.S. Justice Department seeks to delay appeals on WeChat, TikTok restrictions

The U.S. Justice Department on Thursday asked a federal appeals court to pause a government appeal of a lower court ruling blocking restrictions that the Trump administration had imposed on Tencent's messaging app WeChat.

Stocks slip, reversing early gains; U.S. oil settles lower

Global equity indexes were mostly lower on Thursday, reversing earlier gains, with the S&P 500 dragged down by losses in Apple and Amazon.com, while a drop in oil prices weighed on energy shares.

U.S. court clears way for extradition to Japan of Ghosn's accused escape plotters

A U.S. appeals court on Thursday declined to further delay the extradition to Japan of two men charged with helping former Nissan Motor Co Ltd Chairman Carlos Ghosn flee the country.

Stocks edge lower on Biden warning about China

U.S. stocks slid on Thursday after U.S. President Joe Biden said China was poised to "eat our lunch," a warning that raised concerns for a market hovering near record highs on hopes of more stimulus, strong earnings and an improving outlook for the pandemic.

Bitcoin soars to all-time high after BNY Mellon announces crypto venture

Bitcoin on Thursday jumped to a fresh all-time high after BNY Mellon said it formed a new unit to help clients hold, transfer, and issue digital assets.

Bumble's $14 billion date: Blackstone-backed dating app soars on market debut

Shares of Bumble Inc, backed by Blackstone Group Inc, soared more than 76% in their stock market debut on Thursday, fetching a $14 billion valuation for the operator of the dating app where women make the first move.

Twitter to add more labels identifying world leader and government accounts

Twitter Inc said on Thursday it will next week add labels to identify more state-affiliated accounts, including world leaders' personal accounts, to give users more context for geopolitical conversations on the platform.

Ford CEO calls for settlement between LG Chem, SK Innovation

Ford Motor Chief Executive Jim Farley on Thursday publicly encouraged South Korea's chemicals and electric vehicle (EV) battery maker LG Chem Ltd and SK Innovation Co Ltd to reach a settlement on LG's battery allegations that SK stole trade secrets.

U.S. chip industry calls on Biden administration to fund factories

A group of U.S. chip companies on Thursday sent a letter to President Joe Biden urging him to provide "substantial funding for incentives for semiconductor manufacturing" as part of his economic recovery and infrastructure plans.

White House working to address semiconductor shortage hitting auto production

The White House said Thursday administration officials are working to address a growing shortage of semiconductor chips that has slowed auto production around the world.

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