Business

TikTok Announces Complete U.S. Shutdown
15
Jan
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TikTok Announces Complete U.S. Shutdown

TikTok, the popular short-video platform owned by ByteDance, has announced plans to cease all operations in the United States by January 19, 2025, in response to a federal mandate requiring its Chinese parent company to divest U.S. assets or face a nationwide ban. The impending shutdown follows legislation signed into law by President Joe Biden in April 2024, citing national security concerns over potential data access by the Chinese government. The law mandates that app…
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China and Sri Lanka Forge Stronger Economic Ties
15
Jan
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China and Sri Lanka Forge Stronger Economic Ties

China and Sri Lanka have pledged to enhance investment and economic cooperation following a meeting between Chinese President Xi Jinping and Sri Lankan President Anura Kumara Dissanayake in Beijing. The two nations signed 15 cooperation documents, including agreements on economic and technological development, and initiatives to align China's Belt and Road Initiative with Sri Lanka's 2030 digital economy blueprint. Specific details of the agreements were not disclosed during the signing ceremony. President Dissanayake's visit to…
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Elon Musk Revises Federal Budget Cut Goals
09
Jan
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Elon Musk Revises Federal Budget Cut Goals

Elon Musk, co-head of the Department of Government Efficiency (DOGE), has adjusted his ambitious goal of cutting $2 trillion from the federal budget, acknowledging that a $1 trillion reduction is a more attainable target. Key Points: Original Goal: Musk initially aimed to reduce federal spending by $2 trillion. Revised Target: He now considers a $1 trillion cut to be a significant achievement. Budget Context: The current federal budget stands at approximately $6.75 trillion, with $1.6…
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China Unveils CR450 High-Speed Train 400 km/h
30
Dec
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China Unveils CR450 High-Speed Train 400 km/h

China has introduced the CR450 high-speed train prototype, designed to operate at speeds up to 400 km/h, setting a new benchmark in global rail transportation. Unveiled in Beijing on December 29, 2024, the CR450 is poised to surpass the current CR400, which operates at 350 km/h, upon entering commercial service. Developed by China State Railway Group, the CR450 boasts significant advancements in operational speed, energy efficiency, noise reduction, and braking performance. Despite its higher speed…
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Earn Lot of Money Using TikTok
29
Dec
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Earn Lot of Money Using TikTok

TikTok, the wildly popular short-video platform, has become a lucrative avenue for creators to monetize their content. With the right strategy, creativity, and engagement, you can turn your TikTok account into a steady income source. Here’s how: 1. Build Your Brand To start earning on TikTok, focus on building a strong personal or niche brand. Identify what makes your content unique—whether it’s comedy, dance, educational tips, or lifestyle. Post consistently and interact with your audience…
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Bitcoin’s Resilience Amid Record $14 Billion Options Expiry
29
Dec
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Bitcoin’s Resilience Amid Record $14 Billion Options Expiry

On December 27, 2024, the cryptocurrency market experienced a significant event as Bitcoin (BTC) options contracts worth over $14 billion reached their expiration. This marked the largest options expiry in Bitcoin's history, raising concerns about potential market volatility. However, Bitcoin's price demonstrated remarkable resilience, maintaining stability and even experiencing a slight uptick following the expiry. The expiry involved approximately 146,000 Bitcoin options contracts, each representing one BTC, with a "max pain" point identified at $85,000.…
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Honda and Nissan Announce Merger Talks to Form World’s Third-Largest Automaker
24
Dec
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Honda and Nissan Announce Merger Talks to Form World’s Third-Largest Automaker

Japanese automotive giants Honda Motor Co. and Nissan Motor Co. have officially commenced discussions on a potential merger, aiming to establish the world's third-largest car manufacturer by sales. This strategic move is a response to intensifying competition from electric vehicle (EV) leaders such as Tesla and emerging Chinese manufacturers like BYD. The proposed merger would involve the creation of a joint holding company, with plans to finalize discussions by June 2025 and establish the new…
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Trump Administration Revives Interest in Greenland Acquisition
23
Dec
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Trump Administration Revives Interest in Greenland Acquisition

President-elect Donald Trump has reignited discussions about the United States acquiring Greenland, citing national security concerns. On December 22, 2024, Trump posted on Truth Social, stating that U.S. "ownership and control of Greenland is an absolute necessity." He also announced the appointment of Ken Howery as ambassador to Denmark; Howery previously served as U.S. Ambassador to Sweden. This renewed interest follows earlier suggestions by Trump's allies. On November 8, 2024, Representative Mike Collins (GA-10) posted…
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China says its development is an opportunity, not a challenge, for Australia
04
Aug
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China says its development is an opportunity, not a challenge, for Australia

China points out that its development is an opportunity, not a challenge, for Australia. The Australia-China Industrial and Commercial Commission recently released a report titled "Benefits of Trade with China for the Australian People." Chinese Foreign Ministry spokesperson Lin Qian expressed his views on this report yesterday (2nd). He stated that the report reflects that trade relations with China have brought great benefits to the Australian people, as evidenced by the cited data and information.…
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Revenue of Colombo Port in the First Quarter Exceeds USD 50 Million
30
Jul
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Business, News

Revenue of Colombo Port in the First Quarter Exceeds USD 50 Million

The Colombo Port has shown significant progress in operational performance this year, recording an impressive growth rate, according to K.D.S. Ruwanchandra, Secretary of the Ministry of Ports, Shipping, and Aviation Services. He highlighted that in the first quarter of this year, the Colombo Port achieved a revenue of USD 50 million. K.D.S. Ruwanchandra mentioned this while participating in a media briefing at the Presidential Media Center. Meanwhile, he also noted that aviation operations have reported…
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