Search Site

ADNOC Drilling closes JV

It is a JV between ADNOC Drilling, SLB and Patterson UTI.

Boeing to boost 787 production

The firm will invest$1bn to ramp up production in South Carolina.

ADNOC signs deal with PETRONAS

Under the agreement, ADNOC will supply 1m tons of LNG per year.

Aramco-Horse Powertrain deal completed

An agreement for the purchase of 10% equity stake was signed in June 2024.

Roche to buy Poseida Therapeutics

The $1.5 billion deal is due to close in early 2025.

US House of Representatives overwhelmingly passes TikTok ban bill

The legislation threatens to be a major setback for the video-sharing app. (AFP)
  • The fate of the bill is uncertain in the Senate, where some key figures are apprehensive of making such a drastic move against an app that has 170 million US users.
  • China warned that the move will "inevitably come back to bite the United States." TikTok staunchly denies any ties to the Chinese government.

Washington, United States – The US House of Representatives overwhelmingly approved a bill on Wednesday that would force TikTok to divest from its Chinese owner or get banned from the United States.

The lawmakers voted 352 in favor of the proposed law and 65 against, in a rare moment of bipartisan unity in politically divided Washington.

The legislation threatens to be a major setback for the video-sharing app, which has surged in popularity across the world while causing nervousness about its Chinese ownership and its potential subservience to the Communist Party in Beijing.

The fate of the bill is uncertain in the Senate, where some key figures are apprehensive of making such a drastic move against an app that has 170 million US users.

President Joe Biden will sign the bill, known officially as the “Protecting Americans from Foreign Adversary Controlled Applications Act,” into law if it came to his desk, the White House has said.

The measure, which only gained momentum in the past few days, requires TikTok’s parent company ByteDance to sell the app within 180 days or see it barred from the Apple and Google app stores in the United States.

It also gives the president power to designate other applications to be a national security threat if under the control of a country considered adversarial to the US.

The resurgent campaign by Washington against TikTok came as a surprise to the company, the Wall Street Journal reported, with TikTok executives reassured when Biden joined the app last month as part of his campaign for a second term.

TikTok CEO Shou Zi Chew is in Washington, trying to shore up support to stop the bill.

“This latest legislation being rushed through at unprecedented speed without even the benefit of a public hearing, poses serious Constitutional concerns,” wrote Michael Beckerman, TikTok’s vice president for public policy.

The Trump factor

The co-sponsors, House Republican Mike Gallagher and House Democrat Raja Krishnamoorthi, as well as the White House, argue that the bill is not a ban of TikTok, as long as the company divests from ByteDance.

China warned on Wednesday that the move will “inevitably come back to bite the United States.”

“Although the United States has never found evidence that TikTok threatens US national security, it has not stopped suppressing TikTok,” foreign ministry spokesperson Wang Wenbin said, condemning it as “bullying behavior.”

Republican lawmakers approved the bill, in an unusual act of defiance against Donald Trump.

In a turnaround from his earlier stance, Trump on Monday said he was against a ban, mainly because it would strengthen Meta, the owner of Instagram and Facebook, which he called an “enemy of the people.”

When Trump was president, he attempted to wrest control of Tiktok from ByteDance, but was blocked by US courts.

Trump denied accusations that he changed his tune because a major investor in TikTok, hedge funder Jeff Yass, is donating to his 2024 election campaign.

“I think it will die in the Senate,” said representative Nancy Mace, a Trump ally. “This is not our job to this.”

Other efforts to ban TikTok have failed with a bill proposed a year ago getting nowhere largely over free speech concerns.

Similarly, a state law passed in Montana banning the platform was suspended by a federal court on the suspicion that it violated constitutional free speech rights.

TikTok staunchly denies any ties to the Chinese government and has restructured the company so the data of US users stays in the country, the company says.