TikTok and Oracle will become business partners in the US
(CNN)President Donald Trump said Saturday he has approved a deal between TikTok’s parent company, ByteDance, and Oracle (ORCL), though it is unclear whether it will be enough to avert restrictions on TikTok that are scheduled to go into effect Sunday evening.
Speaking to reporters, Trump said he approved the deal “in concept.”
“I have given the deal my blessing,” he said. “If they get it done, that’s great. If they don’t, that’s okay, too.”
The deal will also include Wal-Mart (WMT), Trump said. It is unclear whether ByteDance will remain a majority owner of TikTok, as had been reported earlier this week. Trump claimed TikTok would be “totally controlled” by Oracle and Wal-Mart.
Oracle didn’t immediately respond to request for comment.
Trump added the deal will include a $5 billion fund for US education, though he did not say which companies would be making the payment. Trump had previously expressed a desire for the companies to make a payment to the US Treasury, but was surprised when he was told such an arrangement would be illegal.
Trump also said the deal will result in 25,000 jobs, and that TikTok would be headquartered in Texas.
This is a developing story
PHOTOS: Hundreds rally at the Colorado Capitol demanding prosecutors drop charges for arrests of six local activists – The Denver Post
Hundreds gather for a rally in response to the arrests of six local activists at The Colorado State Capital on Saturday, Sept. 19, 2020. The rally began at the Colorado State Capital and they marched through the streets of downtown Denver.
Japan Minister Says Mobile Fees Should Be Cut to Global Levels
Japan’s new communications minister said mobile phone providers should aim to cut the fees they charge customers to about “international levels.”
The rule should be for prices to be determined by healthy competition, Minister for Internal Affairs and Communications Ryota Takeda said on public broadcaster NHK, without specifying any figures. The market is currently dominated by three major players, Takeda added, saying that he would consider ways to enable competitors to enter the market.
Fertility and Phones: A Trader’s Checklist for Suga’s Japan
Cutting mobile phone bills for households has been a pet issue for newly appointed Prime Minister Yoshihide Suga, who previously served as internal affairs minister.
S.Korea reports 82 new coronavirus cases, lowest number of daily infections in 38 days
SEOUL (REUTERS) – South Korea reported 82 new coronavirus cases as of midnight on Saturday (Sept 19), the lowest number of daily infections since mid-August, the Korea Centres for Disease Control and Prevention said on Sunday (Sept 20).
Of the total, 72 were locally transmitted, bringing the total tally to 22,975, with 383 deaths.
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Japan’s Hirai Says He Plans to Launch Digital Agency Next Year
Japan Minister for Digital Transformation Takuya Hirai plans to launch the administration’s promised Digital Agency next year to improve the efficiency of government services, he told Fuji TV Sunday.
The minister said he wants to bring in personnel from the private sector to staff the new agency, and that he intends to break down the existing bureaucratic culture.
The government came under harsh criticism earlier this year for its slow response to the coronavirus and its economic fallout, especially compared with neighboring South Korea. Japan suffered a “digital defeat” against the pandemic, Hirai told national broadcaster NHK.
Virus Prompts Japan’s Abe to Rethink Ancient Clerical Customs
The Digital Agency was one of the party leadership campaign pledges of new Prime Minister Yoshihide Suga, who was voted into office by parliament on Wednesday, replacing Shinzo Abe, the country’s longest-serving premier.
— With assistance by Takashi Hirokawa
India's coronavirus infections surge to 5.4 million
MUMBAI (REUTERS) – India’s coronavirus case tally surged to 5.4 million as it added 92,605 new infections over 24 hours, data from the federal Health Ministry showed on Sunday (Sept 20).
The country has posted the highest single-day caseload in the world since early August, and lags behind only the United States, which has 6.7 million cases in terms of total infections.
A total of 1,113 people died of Covid-19 in the same 24-hour period, the Health Ministry said, taking mortalities to 86,752, which is a relatively low 1.6 per cent of all cases.
China Denies Its Unreliable Entity List Targets U.S. Companies
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China dismissed accusations of targeting U.S. firms as it seeks to punish foreign companies that damage its national security by adding them to a “unreliable entity list,” the Ministry of Commerce said in apress conference.
China said it would continue to welcome foreign investors, open its economy by deepening market reforms, and that it has no intention to target any particular countries or entities.
The list will comprise a small number of foreign entities that have put China’s national sovereignty, security and development interests in danger, it said. Penalties will only be imposed if offenders fail to rectify their transgressions during a grace period, it added.
China said it would reveal the list without specifying the timeline for the release.The new policies for punishing those on the list took effect on Saturday.
— With assistance by Sharon Chen, and Qian Chen