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TikTok faces new US deadline to ditch Chinese owner
TikTok faces new US deadline to ditch Chinese owner
Economy
by  AFP

TikTok on Friday was hours from a deadline to find a non-Chinese owner or face a ban in the United States. In the hours before that deadline, TikTok temporarily shut down in the United States and disappeared from app stores, to the dismay of millions of users.

US Fed Chair warns tariffs will likely raise inflation, cool growth
US Fed Chair warns tariffs will likely raise inflation, cool growth
Economy
by  AFP

US President Donald Trump's tariffs risk higher unemployment and will likely cause inflation to rise and growth to slow, Federal Reserve Chair Jerome Powell said Friday. Ahead of Powell's speech on Friday, Donald Trump took to his Truth Social account to insist that his tariff policy would not change despite the market reaction, and called on Powell to act.