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Trump Administration Confirms Deal With China on TikTok
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Trump Govt Confirms Final Deal With China on TikTok

A deal has been reached between the Trump administration and China to keep TikTok operational in the U.S., concluding a lengthy effort since President Trump’s first term. Treasury Secretary Scott Bessent announced a framework agreement, with Trump scheduled to speak with Chinese leader Xi Jinping on Friday to finalize the deal. This conversation precedes a potential Trump-Xi meeting, both sides having sought it for months.

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US-China Tensions Push Business Confidence to Record Lows
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Business Confidence Falls Amid Rising US-China Strains

The confidence of U.S. businesses in China has dwindled due to political tensions, intense domestic competition, and China’s slowing economic growth, a recent survey reveals. Only 41% of U.S. firms are optimistic about their five-year outlook in China, the lowest since the American Chamber of Commerce in Shanghai (AmCham Shanghai) started the annual China Business Report in 1999. This marks a six-percentage-point decline from the previous year.

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Red Sea Cables Cut by Passing Commercial Vessels, say Experts
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Commercial Ships Likely Cause of Disruption to the Internet

A recent incident suggests that a ship likely cut cables in the Red Sea, causing widespread internet disruptions across Africa, Asia, and the Middle East. Experts indicate that this event highlights the vulnerability of undersea cables, which have been targeted multiple times over the past year.

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Trump Fired Lisa Cook from Federal Reserve Amid Fraud Allegations
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Trump Fires Fed Reserve Governor Lisa Cook Over Mortgage Fraud Allegations

U.S. President Donald Trump fired Federal Reserve Governor Lisa Cook, the first African-American woman in the role, citing allegations of mortgage fraud. The decision followed a criminal referral from Federal Housing Finance Agency Director William Pulte, appointed by Trump, who accused Cook of falsely claiming two mortgages as primary residences. Trump, in a letter posted on Truth Social, stated there was sufficient evidence of false statements, questioning Cook’s competence and trustworthiness as a financial regulator.

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Carlos Ghosn, Former CEO of Renault-Nissan-Mitsubishi
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Carlos Ghosn, Former CEO of Renault-Nissan-Mitsubishi

Not many business leaders have had as drastically an influence on the automotive industry worldwide- and generated as much controversy- as Carlos Ghosn has. Having been born in Brazil to Lebanese parents and schooled in France, Ghosn was a multinational who could replicate the same concept in the corporate environment. Ghosn, the former CEO of Renault, Nissan, and subsequently Mitsubishi, spearheaded one of the most ambitious and complex automotive partnerships ever.

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MSNBC Splits from NBC, Rebrands as MS NOW
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MSNBC Rebrands as MS NOW, Drops the NBC

MSNBC is ending its partnership with NBC News and will rebrand as MS NOW later this year. The new name stands for My Source for News, Opinion, and the World, reflecting the network’s focus on building a stronger, more personal connection with its audience. The move marks a fresh chapter as the channel looks to redefine its identity and direction independently.

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Trump-Controlled Crypto Firm Strikes $1.5B Coin Deal
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Trump Family’s Crypto Venture Targets $1.5 Billion Deal

The Trump-backed World Liberty Financial is reportedly presenting a new project to investors. They aim to create a public company holding WLFI tokens, seeking around $1.5 billion, according to Bloomberg. Major investors in the tech and crypto sectors have been approached, with discussions progressing rapidly.

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Federal Reserve Maintains Rate Hold, Seeks More Data Before Easing
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Despite Trump Pressure, Feds to Keep Rates Steady!

The US Central Bank on Wednesday shared that it will keep the federal funds rate steady. Federal Reserve Chair Jerome Powell’s comments after the decision lowered confidence that the rates will be down even in September, a period when the Federal Reserve usually cuts its rates. This can create a quarrel between the Federal Reserve and the Trump administration as the latter has demanded immediate and steep relief in the interest rates.

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Microsoft Invests $1.7B in Waste-to-Energy Innovation
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Microsoft is Investing $1.7 Billion to Acquire Human Waste.

Microsoft has entered a $1.7 billion, 12-year agreement with US-based startup Vaulted Deep, not to expand its AI and cloud infrastructure, but to support its climate objectives. The company will purchase bioslurry human waste, manure, and other organic byproducts, and inject them approximately 5,000 feet underground to help remove 4.9 million metric tons of carbon dioxide from the atmosphere.

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