WeChat is owned by Tencent (TCEHY), China's biggest tech company and the world's largest gaming company. In March, Tencent reported that WeChat has nearly 1.2 billion monthly active users. The company does not disclose user numbers by country, but industry analysts say the vast majority of them are in China. … [Read more...] about What is WeChat and why does Trump want to ban it?
Trump ban countries
The orders would ban WeChat and TikTok from operating in the United States in 45 days if they are not sold by their Chinese parent companies —Tencent and Beijing-based ByteDance respectively. Paul Triolo, head of geotechnology at Eurasia Group, described the move as an "unprecedented intervention by the US government in the consumer technology sector." … [Read more...] about WeChat ban sends shockwaves through global tech stocks
When Bush began regularly appending signing statements to legislation as an alternative to the line-item veto the Supreme Court had ruled unconstitutional (most notoriously to override a ban on torture enacted in 2005), constitutional scholars warned that this represented a dangerous expansion of executive powers. When Obama continued to employ them in this manner, his progressive critics rightly lambasted him for doing so, pointing out that even if he was using this power to good ends, the next guy wouldn’t. Sure enough, the next guy turned out to be Donald Trump. … [Read more...] about Trump Signs Defense Bill, Says He’ll Ignore Many Limits Set by Congress
The Treasury Department cited Lam for "implementing Beijing’s policies of suppression of freedom and democratic processes." The sanctions freeze any assets the 11 individuals have in the United States, though Lam has said she does not have assets in the country. … [Read more...] about Trump hits Hong Kong leader with sanctions
“The Chinese Communist Party has made clear that Hong Kong will never again enjoy the high degree of autonomy that Beijing itself promised to the Hong Kong people and the United Kingdom for 50 years,” Secretary of State Mike Pompeo said in a statement. “President Trump has made clear that the United States will therefore treat Hong Kong as ‘one country, one system,’ and take action against individuals who have crushed the Hong Kong people’s freedoms." … [Read more...] about Trump administration sanctions Hong Kong leader Carrie Lam for carrying out Beijing’s ‘policies of suppression’