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  • News
    The Canadian Press

    TikTok may be banned in the US. Here's what happened when India did it

    NEW DELHI (AP) — The hugely popular Chinese app TikTok may be forced out of the U.S., where a measure to outlaw the video-sharing app has won congressional approval and is on its way to President Biden for his signature. In India, the app was banned nearly four years ago. Here's what happened: WHY DID INDIA BAN TIKTOK? In June 2020, TikTok users in India bid goodbye to the app, which is operated by Chinese internet firm ByteDance. New Delhi had suddenly banned the popular app, alongside dozens o

  • Business
    The Canadian Press

    Stock market today: Global shares track Wall Street rally, led by a 2.4% jump in Tokyo

    HONG KONG (AP) — World shares advanced Wednesday, led by a 2.4% rally for Tokyo’s benchmark Nikkei 225 index that was powered by strong gains for semiconductor makers. European markets opened higher. Germany’s DAX was up 0.4% to 18,200.49 and the CAC 40 in Paris edged less than 0.1% higher to 8,109.21. In London, the FTSE 100 rose 0.4% to 8,078.50. The future for the S&P 500 was up 0.2% and that for the Dow Jones Industrial Average was virtually unchanged. In Asian trading, Japan’s benchmark Nik

  • Business
    The Canadian Press

    Volkswagen revamps its approach in China in bid to overtake upstart EV makers

    BEIJING (AP) — As auto giant Volkswagen AG races to catch up with upstart Chinese competitors, it has drivers like 26-year-old Ren Yiling in mind. She is young and wants to play video games in her car. The digital features of her Zeekr 001, a European-designed electric car from China's Geely Holding Group, appeal to her. She uses her smartphone to help her parents adjust their seats and tells an animated voice assistant to open the window or play music. “I once sung karaoke in the car when trave

  • Business
    Bloomberg

    Kering Shares Drop After Gucci Slump Prompts Profit Warning

    (Bloomberg) -- Kering SA shares tumbled after the luxury group warned that profit will plunge in the first half of the year on slumping sales at Gucci, its biggest brand. Most Read from BloombergTaylor Swift Is Proof That How We Critique Music Is BrokenBiden’s New Chopper Is Demoted After Scorching White House LawnTech Giants Roar as Tesla Spikes in Late Hours: Markets WrapBillionaire Pinaults Fight to Pull Gucci Off the Discount RackRay Dalio’s Famous Trade Is Sputtering, Investors BailingThe s