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- US consumer inflation eases slightly in April, sending stocks higher
- Scheffler, McIlroy, Koepka set for PGA showdown at Valhalla
- Chelsea being rewarded for patience, says Pochettino
- Dutch parties reach deal to form government
- IMF approves use of reserve assets for 'hybrid' financial instruments
- Fernandes will leave if he feels unwanted at Man Utd
- PSG put end to Nice's Champions League hopes
- Vlahovic fires Juve to 15th Italian Cup past long-suffering Atalanta
- Google's AI search revamp puts publishers in a quandary
- Juventus win Italian Cup for 15th time
- Troubled Man Utd keep alive European hopes with win over Newcastle
- Putin arrives in Beijing seeking greater support for war effort
- 'Mad Max' tears through Cannes with frenetic 'Furiosa'
- Zverev beats injury scare to reach Rome semis as Collins sets up Sabalenka clash
- Slovak PM shooting suspect named as 71-year-old writer
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- Biden, Trump agree to election debates in June, September
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- Stock markets set records, dollar slides as US inflation cools
- Putin heads to Beijing seeking greater support for war effort
- Israel PM says no humanitarian crisis as hundreds of thousands flee Rafah
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Bill to ban TikTok in US clears Congress
The US Senate on Tuesday approved legislation requiring the wildly popular social media app TikTok to be divested from its Chinese parent company ByteDance or be shut out of the American market.
The measure was part of a $95 billion foreign aid package, including military assistance to Ukraine, Israel and Taiwan, which has now cleared Congress and heads to President Joe Biden's desk.
US and other Western officials have voiced alarm over the popularity of TikTok with young people, alleging it allows Beijing to collect data and spy on users. It has 170 million users in the United States alone.
These critics also say TikTok is subservient to Beijing and a conduit to spread propaganda. China and the company strongly deny these claims.
Biden has stated he will sign the legislation.
He reiterated his concerns about TikTok in a rare telephone conversation with Chinese President Xi Jinping early this month.
TikTok complained after Saturday's House vote, saying it was "unfortunate" that lawmakers sought to "jam through a ban bill that would trample the free speech rights of 170 million Americans, devastate seven million businesses, and shutter a platform that contributes $24 billion to the US economy, annually."
Under the bill, ByteDance would have to sell the app within a year or be excluded from Apple and Google's app stores in the United States.
Steven Mnuchin, who served as US treasury secretary under Biden's predecessor Donald Trump, has said he is interested in acquiring TikTok and has assembled a group of investors.
TikTok for years has been in the crosshairs of American authorities, who say the platform allows Beijing to snoop on users in the United States. But a ban could trigger lawsuits.
The bill passed by Congress gives the US president the authority to designate other applications as a threat to national security if they are controlled by a country deemed hostile.
Elon Musk, the billionaire owner of X, formerly Twitter, came out Friday against banning TikTok, saying "doing so would be contrary to freedom of speech and expression."
M.Ouellet--BTB