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National Security

Reuters | Equities.com |

The Trump administration on Thursday unveiled an executive order prohibiting U.S. investments in Chinese firms that Washington says are owned or controlled by the Chinese military, ramping up pressure on Beijing after the U.S. election.

The order, which was first reported by Reuters, could impact some of China’s biggest companies, including telecoms firms China Telecom Corp Ltd, China Mobile Ltd and surveillance equipment maker Hikvision.

The move is designed to deter U.S. investment firms, pension funds and others from buying shares of 31 Chinese companies that were designated by the Defense Department as backed by the Chinese military earlier this year.


Reuters | Equities.com |

WASHINGTON (Reuters) - The U.S Commerce Department said on Sunday it would “vigorously defend” an executive order that seeks to bar transactions with Chinese-owned short video-sharing app TikTok after a federal judge halted the action.

U.S. District Judge Wendy Beetlestone on Friday blocked the Commerce Department order set to take effect on Nov. 12 that would have effectively barred ByteDance-owned TikTok from operating in the United States.

The Commerce Department said on Sunday it would “comply with the injunction ... but intends to vigorously defend the (executive order) and the Secretary’s implementation efforts from legal challenges.”


Reuters | Equities.com |

WASHINGTON (Reuters) - U.S. President Donald Trump’s bank account in China raises serious national security concerns, U.S. House of Representatives Speaker Nancy Pelosi said on Wednesday following a New York Times report revealing the previously undisclosed account.

Pelosi cited the Chinese government’s ties to its financial industry and said Trump’s banking there risked his exposure and opened him up to vulnerabilities.


AP News | Equities.com |

A federal judge on Sunday postponed a Trump administration order that would have banned the popular video sharing app TikTok from U.S. smartphone app stores around midnight.

A more comprehensive ban remains scheduled for November, about a week after the presidential election. The judge, Carl Nichols of the U.S District Court for the District of Columbia, did not agree to postpone the later ban.

The ruling followed an emergency hearing Sunday morning in which lawyers for TikTok argued that the administration’s app-store ban would infringe on First Amendment rights and do irreparable harm to the business.


NPR | Equities.com |

Nearly 500 national security experts — both civilians and former senior uniformed officers — have endorsed Joe Biden for president, saying the "current president" is not up to "the enormous responsibilities of his office."

Addressed to "Our...


Reuters | Equities.com |

ByteDance and Oracle Corp issued conflicting statements on Monday over the terms of an agreement they reached with the White House over the weekend to allow TikTok to continue to operate in the United States, casting doubt on President Donald Trump’s preliminary blessing of the deal.

So who will own TikTok now? Depends who you ask

China’s ByteDance was racing to avoid a crackdown on its popular short-...


AP News | Equities.com |

Adam Schiff was in the audience at the 2018 Aspen Security Forum when a Microsoft executive mentioned an attempted hacking of three politicians up for reelection. It was the first that Schiff, then the top Democrat on the House Intelligence Committee, had ever heard of it.

Schiff said he thought it was “odd” that Congress hadn’t been briefed. He got in touch with high-ranking officials in the intelligence agencies, and they ...


AP News | Equities.com |

A judge has approved a request from a group of U.S. WeChat users to delay looming federal government restrictions that could effectively make the popular app nearly impossible to use.

In a ruling dated Saturday, Magistrate Judge Laurel Beeler in California said the government’s actions would affect users’ First Amendment rights, as an effective ban on the app would remove their platform for communication.


Reuters | Equities.com |

China's ByteDance Ltd is seeking a valuation of $60 billion for TikTok as Oracle Corp and Walmart Inc take stakes in the short-video app's business to address U.S. security concerns, Bloomberg News reported on Sunday, citing an unnamed person familiar with the matter.

Oracle will take a 12.5% stake in TikTok Global and store all its U.S. user data in its cloud to comply with U.S. national security requirements, the companies said on Saturday. ...


AP News | Equities.com |

The U.S. will ban the downloads of the Chinese apps TikTok and WeChat on Sunday, with a total ban on the use of the latter, citing national security and data privacy concerns.

A total ban on the use of TikTok will follow on Nov. 12, but Commerce Secretary Wilbur Ross said early Friday on Fox Business Network that access to that app may be possible if certain safeguards are put into place.

“At the President’s direction, we have ...