World stocks ended four days of gains on Friday after U.S. President Donald Trump cranked up simmering tensions with China by banning U.S. transactions with two popular Chinese apps, Tencent's WeChat and ByteDance's TikTok.
Donald Trump refused to commit to accepting poll results, saying he isconcerned that mail-in voting will lead to a "fraudulent election". Thepresident made the comments during Tuesday night's first presidential debatewith Joe Biden.
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There were heated clashes over the president's handling of the COVID-19 pandemic, the integrity of the election results, personal attacks about Biden's family and how the Supreme Court will shape the future of the nation’s health care.
US President Donald Trump went after former Vice President Joe Biden over his son Hunter's business dealings and alleged he had earned billions from work related to China and Ukraine. During the presidential debate, Trump said: "China ate your lunch, Joe. And no wonder: your son goes in and takes out billions of dollars, and he makes millions of dollars." Biden defended his son and said Trump's attacks had been "totally, thoroughly discredited." He also took a jab at the Trump family: "We don't want to talk about family ethics, we could talk about his family all night." Claims about Biden Hunter earning billions from a Chinese government-owned state bank have previously been discredited by independent fact-checkers, and Hunter Biden's attorney said in 2017 he took an equity stake worth $420,000, The Wall Street Journal.
The first debate between US President Donald Trump and Democratic challengerJoe Biden deteriorated into a bitter showdown. The president repeatedlyinterrupted his opponent with angry and personal taunts that sometimesovershadowed the sharply different visions each man has of a nation facinghistoric crises.
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[NFA] U.S. President Donald Trump said on Saturday he supported a deal in principle that would allow TikTok to continue to operate in the United States, even as it appeared to conflict with his earlier order for China's ByteDance to divest the video app. Emer McCarthy reports.
Chinese gaming and social media giant Tencent Holdings Ltd said second-quarter net profit rose 37%, beating market estimates, on higher demand for its video games as coronavirus put a dent in other entertainment options. Francis Maguire reports.
Reuters US equities closed mixed on Friday as traders weighed escalating US-China tensions against rosy labor-market data. President Donald Trump issued executive orders Thursday afternoon targeting TikTok-owner ByteDance and WeChat-owner Tencent. The orders ban US transactions with the apps in 45 days. The US on Friday placed sanctions on 11 Chinese officials and their counterparts in Hong Kong. On the economic data front, the US added 1.8 million jobs in July.
People have started resorting to desperate measures and taking matters into their own hands, and a number of viral videos posted on social media platform TikTok have shown users encouraging "hacks" to whiten and reshape teeth.
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