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Tag: global

ByteDance to place TikTok's global headquarters in US to escape Trump ban

2020-09-16 17:38:26| The Economic Times

As per the plan presented to the US officials by ByteDance, TikTok will remain the majority shareholder of the new US headquartered company, and tech firm Oracle will be a minority shareholder, state-run CGTN TV reported.

Tags place global escape ban

Coronavirus pandemic walloped global economy, but OECD says its not as bad as it first feared

2020-09-16 15:55:19| Chicago Tribune news - Business

The Organization for Economic Cooperation and Development said in a report that the worlds gross domestic product is projected to decline by 4.5% this year less than the 6% plunge it had predicted in June.

Tags it first bad global

Coronavirus: Hit to global economy 'will be less than expected' in 2020

2020-09-16 14:38:47| BBC News | Business | World Edition

The OECD now forecasts a decline of 4.5% in 2020, but says the damage will still be "unprecedented".

Tags global hit expected economy

Global recession not as deep as expected: OECD

2020-09-16 13:34:43| The Economic Times

Global recession not as deep as expected: OECD"After the initial bounce-back in many activities following the easing of confinement measures, there are some signs from high-frequency indicators and business surveys that the pace of the global recovery has lost momentum since June, particularly in many advanced economies," the OECD said.

Tags global expected deep oecd

TikTok's global headquarters might move to the US to avert a ban

2020-09-15 20:37:51| Engadget

Details of ByteDances deal with Oracle for control of TikTok are beginning to come into focus. ByteDances partnership with Oracle will place TikToks global business in a new US-headquartered company with Oracle investing as a minority shareholder...

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