Author: Alex Maschino
Software company Oracle Corp. is reportedly in advanced talks with the White House to run TikTok’s US business, although significant questions remain over Chinese involvement in the social media app.That’s according to Politico, which reported on Sunday (March 16), citing three people familiar with the discussions, that Vice President JD Vance and National Security Adviser Mike Waltz are leading the reported talks on behalf of President Donald Trump. It comes as an April 5 deadline approaches to resolve TikTok’s status in the US.Vance expects a framework for a TikTok deal by the April 5 deadline, NBC News reported separately on…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The pound has climbed above $1.30 for the first time since early November, helped by persistent UK inflation and a broad weakening in the dollar.Sterling rose above the level on Tuesday for the first time since the days after the US election. It has climbed around 3 per cent so far this month, helped by a decline in the dollar as investors worry that President Donald Trump’s stop-start trade war is harming the US economy. Sterling’s gains mark a reversal since January,…
Hellenic Republic bonds remain stable post-offering
Xiaomi’s only been a carmaker for a year—and it’s already selling more cars than EV startups that have been in the business for years. The company’s 2024 earnings, its first set of annual results as a bona fide carmaker, show that founder Lei Jun’s big EV bet is paying off. The company reported 365.9 billion Chinese yuan ($50.6 billion) in 2024 revenue, a 35% jump. Xiaomi reported strong growth on the top line, too, with 27.2 billion Chinese yuan ($3.8 billion) in adjusted net profit, a 41% increase. The vast majority of Xiaomi’s revenue was generated from its traditional business…
The Avalanche and Mikko Rantanen weren’t far off in money. Quick hits on the Maple Leafs and Hurricanes Nick Kypreos of The Star: The rumored difference between the Colorado Avalanche and Mikko Rantanen before he was dealt was believed to have been $500,000. Loyalty between teams and players seems to be at a low. Mitch Marner says he wants to stay in Toronto, but should/will his hometown loyalty be enough? He was asked if he would waive his no-movement clause to go to Carolina. He won’t negotiate with the Leafs, either. The Toronto Maple Leafs made a strong offer to…
Crystal Palace forward Jean-Philippe Mateta is targeting a return to action for next week’s FA Cup fixture against Fulham – though he will need to wear a protective mask.Mateta suffered a serious injury earlier this month in the fifth-round match against Millwall after a reckless challenge from goalkeeper Liam Roberts.The tackle resulted in Mateta being kicked in the head, requiring immediate medical attention and a trip to the hospital.Speaking in an interview with L’Equipe, Mateta shared that the primary damage was to his ear, describing it as “just destroyed.”He admitted that the outcome could have been significantly worse.“I was afraid…
Frank GardnerSecurity correspondentGetty ImagesGermany has voted to exempt spending on defence from its strict federal debt rulesGerman lawmakers have voted to allow a huge increase in defence and infrastructure spending – a seismic shift for the country that could reshape European defence.A two-thirds majority of Bundestag parliamentarians, required for the change, approved the vote on Tuesday.The law will exempt spending on defence and security from Germany’s strict debt rules, and create a €500bn ($547bn; £420bn) infrastructure fund.This vote is a historic move for traditionally debt-shy Germany, and could be hugely significant for Europe, as Russia’s full-scale invasion of Ukraine grinds…
The New York Yankees moved swiftly this offseason to retool their roster and compensate for the loss of Juan Soto in free agency.They hope to make another run to the World Series in 2025, but this time, they will hope to come out on top.Despite all the wheeling and dealing the front office has done this winter, Giancarlo Stanton is still slated to be a major part of this lineup, though injury concerns are already popping up and making fans worried about his ability to be the same guy who dominated throughout last October.MLB’s Bryan Hoch shared on X that…