ByteDance CEO urges TikTok diversification as U.S. pressure mounts

ByteDance CEO urges TikTok diversification as U.S. pressure mounts

The founder and CEO of TikTok owner ByteDance will focus on adding users of the popular video app in countries outside of its strongest markets, according to an internal staff note seen by Reuters, as it faces political pressure in the United States.
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Wall Street eked out slight gains Thursday as investors waited for concrete news on a hoped-for interim trade deal between the United States and China.
Year-end tax tips for investors

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UK fraud office opens Glencore bribery probe

UK fraud office opens Glencore bribery probe

Britain's Serious Fraud Office has launched an investigation into commodities giant Glencore over suspicions of bribery.
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UK: sterling surges on Johnson election hopes

UK: sterling surges on Johnson election hopes

Sterling hit 2-1/2-year highs versus the euro on Thursday, on growing confidence that next week's election will give the Conservative Party the parliamentary majority it needs to deliver Brexit.
GM, South Korea's LG hook up in EV battery joint venture

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General Motors and South Korea's LG Chem announced they will invest $2.3 billion to set up an electric vehicle battery joint venture near a shuttered GM plant in Ohio. Conway G. Gittens has the details.
Billionaire Stroll seeks Aston Martin stake: report

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Shares in Aston Martin soared Thursday on reports Canadian billionaire Lawrence Stroll could be eyeing a big stake in the luxury carmaker.
South African Airways gets $272 mln lifeline as it enters business rescue

South African Airways gets $272 mln lifeline as it enters business rescue

South African Airways, which is on the brink of financial collapse, was set to enter a business rescue process on Thursday.
Japan launches $122 bln stimulus package

Japan launches $122 bln stimulus package

Japan's cabinet approved a $122 billion fiscal package on Thursday to support stalling growth in the world's third-largest economy.
Gucci owner Kering may bid for Moncler: report

Gucci owner Kering may bid for Moncler: report

Shares in Moncler jumped Thursday on reports that Gucci owner Kering may bid for the luxury winterwear maker.
Striking unions battle Macron in pensions showdown

Striking unions battle Macron in pensions showdown

France's public transport networks ground to a near halt on Thursday as unions dug in for a nationwide strike aimed at forcing President Emmanuel Macron to abandon plans to overhaul the country's Byzantine pension system.
Peloton lowers monthly price amid ad controversy

Peloton lowers monthly price amid ad controversy

Exercise equipment company Peloton dropped the price of its digital monthly subscription, causing its share price to drop for a second straight day after some consumers complained its Christmas ad is sexist. Lisa Bernhard has more.
Wall Street rebounds on trade hopes

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Wall Street bounced back Wednesday on investor optimism for an interim trade deal with China.
More upside for U.S. stocks in '20: strategist

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Edward Jones investment strategist Nela Richardson says the S&P 500 will post single-to-mid digit gains next year.
China warns U.S. over Uighur bill, raising doubts over early trade deal

China warns U.S. over Uighur bill, raising doubts over early trade deal

China warned on Wednesday that the U.S. House of Representatives bill calling for a tougher U.S. response to Beijing's treatment of its Uighur Muslim minority will impact bilateral cooperation, clouding prospects for a near-term deal to end a trade war.
Hospitals sue to block price rule

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Hyundai eyes EVs in $52 bln investment plan

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Ryanair blames Boeing MAX delays for possible job cuts

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Private sector hiring slows to six-month low

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Meet the brains behind the Warren wealth tax plan

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Global PMIs: China services hits 7-month highs

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Activity in China's services accelerated to a seven-month high in November, according to the latest PMI readings on the sector, but business growth in the euro zone was close to stagnant.
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Why life insurance could go up in smoke for vapers

Fans of vaping could find their life insurance premiums soaring after reinsurers told clients to think carefully before providing cover.
Britain's Johnson backs digital tax despite Trump's ire

Britain's Johnson backs digital tax despite Trump's ire

Britain is to press ahead with a digital services tax, even after a similar measure in France led the U.S. to threaten punitive tariffs.