TikTok Restores Services In US With Trump's Support

RTTNews | 10h 56phút trước
TikTok Restores Services In US With Trump's Support

(RTTNews) - Social media platform TikTok, which had decided to disable services in the United States following the U.S. Supreme Court's decision to upheld a ban, began restoring its services on Sunday after President-elect Donald Trump announced his support.

The U.S. Supreme Court on Friday had upheld the Protecting Americans from Foreign Adversary Controlled Applications Act, which was signed into law in April, 2024. The legislation mandates that ByteDance, the Chinese parent company of TikTok, must divest its interest in the app by January 19, or face a nationwide ban.

Following the Court's decision, TikTok had announced that it would disable access to its immensely popular video app for over 170 million Americans on Sunday unless the U.S. administration urgently assures that it will not face enforcement actions when the ban takes effect.

Meanwhile, the Biden administration stated that it would leave the enforcement of the ban to Trump, who is set to take charge on Monday.

However, following the Court rule, Trump said he would revive the app's access in the U.S. when he returns to power.

In a Truth Social response, Trump said, "I'm asking companies not to let TikTok stay dark! I will issue an executive order on Monday to extend the period of time before the law's prohibitions take effect, so that we can make a deal to protect our national security. The order will also confirm that there will be no liability for any company that helped keep TikTok from going dark before my order."

He also talked about his interest for the United States to have a 50 percent ownership position in a joint venture, so as to save TikTok, keep it in good hands and allow it to say up. A joint venture between the current owners and/or new owners whereby the U.S. gets half of ownership.

"Without U.S. approval, there is no Tik Tok. With our approval, it is worth hundreds of billions of dollars - maybe trillions," Trump noted. Trump also talked about his plan on Tik Tok at a rally on Sunday, ahead of his inauguration, noting that the U.S. will seek to restore the short-video sharing app.

In a post on the X platform, TikTok said, "In agreement with our service providers, TikTok is in the process of restoring service. We thank President Trump for providing the necessary clarity and assurance to our service providers that they will face no penalties providing TikTok to over 170 million Americans and allowing over 7 million small businesses to thrive. It's a strong stand for the First Amendment and against arbitrary censorship. We will work with President Trump on a long-term solution that keeps TikTok in the United States."

read more
Bay Street Likely To Open On Subdued Note

Bay Street Likely To Open On Subdued Note

Canadian shares are likely to open on a subdued note Monday morning with investors looking for directional clues. Trading volumes are likely to be thin as the U.S. market is closed today for Martin Luther King, Jr. Day holiday.
RTTNews | 6h 41phút trước
Euro Rises Before Trump Inauguration

Euro Rises Before Trump Inauguration

The euro strengthened against other major currencies in the European session on Monday, as European stocks traded higher led by gains in mining and retails sectors. The mood is largely cautious with investors awaiting the inauguration of U.S. President Donald Trump later in the day.
RTTNews | 7h 31phút trước
UK House Prices Rise Most Since 2020: Rightmove

UK House Prices Rise Most Since 2020: Rightmove

UK house prices increased the most since 2020 and new sellers coming to the market hit a record in January, data from the property website Rightmove showed on Monday. Average house prices increased 1.7 percent in January from a month ago, marking the largest jump in prices at the start of the year since 2020. This follows a 1.7 percent fall in December.
RTTNews | 8h 34phút trước
Euro Rises Against Majors

Euro Rises Against Majors

The euro strengthened against other major currencies in the European session on Monday.
RTTNews | 9h 10phút trước
FTSE 100 Up Slightly As Miners Move Higher

FTSE 100 Up Slightly As Miners Move Higher

U.K. stocks are slightly higher Monday morning, led by gains in mining and retails sectors. The mood is largely cautious with investors awaiting the inauguration of U.S. President Donal Trump later in the day.
RTTNews | 9h 27phút trước
CAC 40 Slightly Higher In Cautious Trade As Market Looks For Directional Clues

CAC 40 Slightly Higher In Cautious Trade As Market Looks For Directional Clues

French stocks moving in a tight band Monday morning, with investors largely making cautious moves, looking ahead to Donald Trump's swearing-in as U.S. President. The focus is on Trump's speech for clues about potential tariffs, and the possible impact they could have on global trade.
RTTNews | 9h 51phút trước