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Who is buying TikTok? Trump promises answers in 'two weeks'

Who is buying TikTok? Trump promises answers in 'two weeks'

The Nationala day ago
US President Donald Trump said his administration has identified buyers for the China-owned social media platform TikTok, although he declined to name anyone and acknowledged he still needed approval from Beijing.
"I think [Chinese] President Xi [Jinping] will probably do it," Mr Trump told Fox News on Sunday. When asked who could buy TikTok, he said he would have more details in "two weeks".
Prof Mark MacCarthy, a senior fellow at the Institute for Technology Law and Policy at Georgetown Law in Washington, expressed scepticism over Mr Trump's recent TikTok claims.
"I'll believe it when I see it," he said, noting the ambiguity of the statement.
Prof MacCarthy had previously called the battle between ByteDance and US legislators a "compelling conflict between First Amendment jurisprudence and the national security state.".
Several weeks ago, for a third time, Mr Trump made a decision to extend a deadline that would have caused TikTok to go dark in the US.
That deadline stems from legislation passed in 2024 by US Congress that sought to force ByteDance, the Chinese owner of TikTok, to divest from the platform and find a US-based owner.
The motivations for that law are rooted in concern from some elected officials in the US that user data generated and stored by TikTok could ultimately be vulnerable to compromise by the Chinese government.
TikTok has repeatedly denied accusations of user data being vulnerable, but those denials have done little to soothe the nerves of Democratic and Republican US legislators at state and federal levels.
After a loss at the US Supreme Court where ByteDance tried to challenge the TikTok ban legislation, the company has not indicated that it is interested in divesting the social platform from its portfolio, nor has it mentioned that it is willing to sell to any US investor.
In April it was reported that US venture capital firm Andreessen Horowitz was in talks to buy a stake in TikTok, and a month earlier, former US Treasury secretary Steve Mnuchin announced he was also trying to put together a group of investors to buy the platform.
TikTok has not responded to The National's requests to comment on this story.
Its last correspondence with media about the company's negotiations with Mr Trump was on April 4, when he decided to give ByteDance a second deadline extension.
"ByteDance has been in discussion with the US government regarding a potential solution for TikTok US," read the emailed response in April.
"Any agreement will be subject to approval under Chinese law," ByteDance added.
Under the new deadline, ByteDance has until September 17 to come up with a deal that satisfies the law and keeps the platform running in the US.
In Mr Trump's "big, beautiful bill", there are provisions that would limit the ability of state governments to make local regulations related to AI and other areas of technology.
Democratic Senator Maria Cantwell was critical of Mr Trump's handling of the issue.
'I have no idea why the President of the United States has not protected the American people or the American military from the Chinese scams that are happening on Tiktok," Ms Cantwell said.
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Donald Trump optimistic Gaza ceasefire may come 'some time next week'
Donald Trump optimistic Gaza ceasefire may come 'some time next week'

The National

time5 hours ago

  • The National

Donald Trump optimistic Gaza ceasefire may come 'some time next week'

US President Donald Trump said on Tuesday he will push for a Gaza ceasefire next week and be 'very firm' with Israeli Prime Minister Benjamin Netanyahu on the need to end the 20-month war. Mr Trump said he will discuss the situations in Gaza and Iran in a White House meeting with Mr Netanyahu next week. A senior Israeli official, Ron Dermer, has been in Washington holding talks before the meeting as the US, Egypt and Qatar push for a truce. 'We hope it's going to happen. And we're looking forward to it happening sometime next week,' Mr Trump told reporters as he departed the White House for a trip to Florida. 'We want to get the hostages out.' Later, during a tour of a migrant detention centre in Florida, Mr Trump was asked how tough he would be with Mr Netanyahu on ending the war. 'Very firm,' he replied. 'But he wants it too ... he wants to end it too.' 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Fearless female entrepreneur rises from UAE with game connecting back to African roots
Fearless female entrepreneur rises from UAE with game connecting back to African roots

Al Etihad

time6 hours ago

  • Al Etihad

Fearless female entrepreneur rises from UAE with game connecting back to African roots

2 July 2025 00:32 KUUMAR SHYAM (ABU DHABI)Born in Ethiopia, raised in the Netherlands, and now thriving as a serial entrepreneur in Dubai, Kanessa Muluneh has built a career by spotting overlooked problems and transforming them into profitable latest project, Rise of Fearless, is a made-in-UAE, Africa-focused blockchain game that combines history, economic empowerment, and cutting-edge technology – and it's already gaining traction across the continent and diaspora.'I always knew that Africa, the Middle East, and Asia had potential,' Muluneh says. 'Western media often paints a negative picture, but when you come here, you see growth, innovation, and resilience.'Moving to Dubai three years ago was more than a change of scenery for Kanessa; it was a return to her roots. Having spent her childhood in Europe as an immigrant, she visited Ethiopia again as an adult and reconnected with her heritage in a profound way. 'The smell, the feeling, the sound, the language – everything just clicked. It felt like answers to questions I didn't even know I had,' she visit coincided with her networking with the UAE business community in trying to grow her fashion brand Mulu. 'I saw that UAE nationals were the largest investors in Ethiopia. They taught me about the African infrastructure, how things worked – including the challenges, like hard currency shortages or delivery nightmares.'Even if she would not have been told, she would have noticed anyways. And her solution, go eyes are always on the lookout for problems. After all she made her first couple of millions – the proverbial most hardest challenge – by finding a problem and solving it, all at the age of 20 in her first job as a fresh medical the hospital, she found that many female medical workers had to leave work to care for sick family members. She proposed a system where doctors could consult from home by redirecting hospital calls and accessing medical files by colleagues, she invested 8,000 euros in rerouting and file inventory. By 22, she sold that company for over €1.2 million. Her father immediately advised her to invest half of it for future and spend the other half wisely. Yet she couldn't resist splurging away the rest, so much that she had to plead with father to dip into the saved money for paying instalments for the luxury car she had brought. TikTok to Tech Her medical job was only to appease her parents. But technology excited her more. Muluneh started educating others – and herself – through a TikTok account in her mother tongue. While improving her language fluency, she shared lessons on blockchain, NFTs, and crypto. That platform evolved into a successful along she began investing in small African ventures – some as little as $500 – which later developed into full-fledged businesses. Eventually, the idea emerged to build a play-to-earn game to inspire Africa's younger generation. 'They don't want to be doctors or lawyers anymore,' she says. 'They want to be content creators, business owners. We wanted to give them a platform for that.'Muluneh found developers from the Filipino blockchain gaming community and began building her team – now more than 10 strong – in Dubai with roles spanning from game developers to marketers. 'Every business I build is about marketing first. If it doesn't sell, it's not a business,' she result: Rise of Fearless, a free-to-play, mobile-first Web3 game, deeply embedded in Ethiopian history. 'The game is based on the Battle of Adwa – when Ethiopians defeated the Italians. That moment shaped the African Union,' the founder wear traditional attire and resemble real Africans – a deliberate move to challenge the western-centric design in mainstream games. 'Current game characters for Africans don't look like us. This one does.'It is not just about Ethiopia as Kanessa has launched the game in South Africa and Kenya, with plans to expand to Ghana, Rwanda, Nigeria, and Mauritius. 'People say I'm limiting myself by focusing on Africa,' she says. 'But Africa has 1.5 billion people – and it can connects with the population largely in Asia too.'Rise of Fearless is built on blockchain, with plans for its own tokenomics and NFT system. Players can buy, sell, and trade in-game items – including rare NFT outfits – with real monetary value. 'For example, let's say there's only one rainbow-colored outfit in the whole game. If your character has it and becomes popular, its value increases – just like in real markets.'She also launched Mulu, a plus-size fashion brand that thrived during COVID. 'Sales were crazy,' she says, thanks to online fitness classes and socially distanced meetups – all cleverly used to market her products. She's now relaunching Mulu in the UAE, expanding it from plus-size to all sizes, focusing on family the end of 2025, Kanessa aims to compete with giants like Fortnite. 'That game donated $20 million in two weeks during COVID – from a free-to-play model. That's the potential we're looking at.' With Rise of Fearless, she's doing more than building a game – she's helping build a digital economy for Africa with global potential from the confines of UAE.

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