What could happen to TikTok and WeChat after Trump ban

SEE: Test-driving the Renault Triber 7-seater AMT

Rajesh Karkera test-drives the Renault Triber AMT, a 7-seater for the easy rider in you. 

The Renault Triber AMT, an inconspicuous car which didn’t create a buzz when it was first launched in September 2019, still managed to sell 20,000 units before the year was over.

The first launch was the crossover’s manual version. 

ALSO READ: Feature packed Renault Triber is a good city car

And now Renault has launched the AMT version of its versatile 7-seater family car, which is exactly the same as the manual version but for the AMT gearbox.

I say a family car for the sole reason that this vehicle successfully does what it’s supposed to. Take you places, in comfort.

A sub-4 metre MPV for people of all ages to travel in.

A well-priced car which, when you compare its features with the price, does not seem like a bad deal at all.

Positioned below the Maruti Ertiga, this is one hassle-free car for the tame, non-speeding type of individual.

We test drove the car extensively in Mumbai’s traffic conditions and here’s what we think.

WATCH: The Triber AMT review. Video: Hitesh Harisinghani/Rediff.com

Ed Rollins, Eric Beach: Why RNC will launch Trump to victory in 2020

Mike Pence: Re-elect Donald Trump and with God’s help we’ll make America great again, again

Despite the liberal media’s claims, the Republican National Convention has been a resounding success.

President Trump understands the broadcast news cycle better than most, so it is no surprise that the Trump campaign put together a compelling program that features a wide range of charismatic speakers.

FDA Approves Abbott’s $5 COVID-19 Antigen Portable Rapid Test

Abbott Laboratories said Wednesday that it has received an Emergency Use Authorization from the U.S. Food and Drug Administration for a COVID-19 portable antigen test that will deliver results within 15 minutes. It will be priced at $5.

The company’s BinaxNOW COVID-19 Ag Card is about the size of a credit card and requires no additional equipment to operate. It uses lateral flow technology with demonstrated sensitivity of 97.1% and specificity of 98.5% in clinical study.

The device will be an important tool to manage risk by quickly identifying infectious people so they don’t spread the disease to others, the company said in a statement.

The company said it will ship tens of millions of tests in September, ramping to 50 million tests a month at the beginning of October.

Abbott also said it will offer a mobile app at no charge that will allow people to display their results obtained through a healthcare provider when entering facilities requiring proof of testing. The app is supported by Apple and Android digital wallets and will be available from public app stores in the U.S.

If test results are negative, the app will display a digital health pass via a QR code, similar to an airline boarding pass. If test results are positive, people will receive a message to quarantine and talk to their doctor, the company said.

The company noted that the digital health pass is stored in the app temporarily and expires after the time period specified by organizations that accept the app.

Philippine Central Bank Refrains From Rate Cut

The Philippine central bank refrained from cutting rates further from the current record low as policymakers await the real impact of previous easing on the economy.

The Monetary Board of the Bangko Sentral ng Pilipinas, or BSP, on Thursday, retained the overnight reverse repurchase facility rate at a record low 2.25 percent.

The interest rates on the overnight deposit and lending facilities were also kept unchanged at 1.75 percent and 2.75 percent, respectively.

The bank had reduced its key rate by 50 basis points each in June, April and March and by 25 basis points in February.

The central bank said today’s decision was based on its assessment that the inflation environment remains benign.

“The balance of risks to the inflation outlook also leans toward the downside from 2020 until 2022 owing largely to potential disruptions to domestic and global economic activity amid the ongoing pandemic,” the bank said.

Today’s decision likely marks a pause rather than an end to the easing cycle, Alex Holmes, an economist at Capital Economics, said.

Inflation is no barrier to further easing. While the headline rate has risen in recent months, to 2.7 percent in July, it is still below the mid-point of the BSP’s 2-4 percent target band, the economist noted.

In the second quarter, the economy had entered a recession after the gross domestic product contracted at the fastest pace since 1981. Gross domestic product fell 16.5 percent on a yearly basis.

What could happen to TikTok and WeChat after Trump ban

New York/Hong Kong (CNN Business)Kevin Mayer has quit as CEO of TikTok as the Chinese-owned video sharing app faces enormous backlash from President Donald Trump.

“In recent weeks, as the political environment has sharply changed, I have done significant reflection on what the corporate structural changes will require, and what it means for the global role I signed up for,” Mayer said in a memo to employees that was obtained by CNN Business. “Against this backdrop, and as we expect to reach a resolution very soon, it is with a heavy heart that I wanted to let you all know that I have decided to leave the company.”
“We appreciate that the political dynamics of the last few months have significantly changed what the scope of Kevin’s role would be going forward, and fully respect his decision,” a TikTok spokesperson said in a statement.

    TikTok hired Mayer, a former top Disney executive, less than four months ago. The move appeared to be designed to bolster the app’s American credentials and improve its standing with US regulators.
    Since then, though, it has come under fire from the US government, and Trump has threatened to ban the app.

    — This is a developing story and will be updated.