US President Donald Trump signs order outlining TikTok sale plan

The short-form video app TikTok’s divestment plan has been laid out in an executive order that US President Donald Trump has signed. The organization’s new investors, including Oracle, will now have control of its US assets.

The Oval Office signed the order on Thursday, which specifies a 120-day window for the divestment process.

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To avoid a ban, China-based ByteDance must sell its US assets in order to satisfy a law that requires it to do so.

Trump has delayed the sale deadline four times in February, April, June, and the previous week to make sure the popular short-form video app isn’t banned. The law, which was passed by Congress, set a January deadline for the sale.

While signing the executive order at the Oval Office, Vice President JD Vance stated that there was some resistance on the Chinese side, but the main goal was to keep TikTok operational while also making sure that we adhered to the law’s requirements for protecting Americans’ data privacy.

The president confirmed that Oracle is an investor and that media mogul Rupert Murdoch and tech billionaire Michael Dell would be investors without providing any details about their role or extent of involvement. Other than that, he stated that the data of US users would be controlled by US investors. The deal was valued at about $14 billion, according to Vedance, which is the first time a value has been assigned to it.

Investors are looming.

A group of three investors, including Oracle, MGX, and Silver Lake, will jointly own roughly 50% of TikTok US, according to a source with knowledge of the deal, according to a Reuters news agency.

According to sources, CNBC reported earlier on Thursday that TikTok US’s three investors would collectively own 45 percent of the company. According to Bloomberg News Agency, each investor would own a 15% stake in the business.

In order to meet the requirements of the 2024 law, ByteDance would hold less than 20% of TikTok US.

Sheikh Tahnoon bin Zayed Al Nahyan, the United Arab Emirates’ national security adviser and the brother of President Mohamed bin Zayed Al Nahyan, owns MGX, an investment firm for artificial intelligence.

In the days to come, the White House said it would release the full investor list.

According to experts who spoke to Al Jazeera earlier this week, Oracle’s Larry Ellison’s involvement may skew the content to fit Trump’s preferred point of view. Trump has a significant ally in Elliott.

The White House previously claimed that this viewpoint is “utterly delusional” in an interview with Al Jazeera.

EU chief backs two-state solution, calls Gaza a ‘humanitarian catastrophe’

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Antonio Costa, president of the European Council, calls the situation in Gaza a humanitarian disaster that shocks the world’s conscience. A two-state solution is the “only path for peace,” he told the UNGA, noting that both Palestinians and Israelis have the right to security.

Trump officials rally global leaders for restrictions on asylum seekers

The administration of US President Donald Trump held a meeting to deny that the world’s asylum system is broken during a UN General Assembly (UNGA) meeting.

In a panel called “Global Refugee Asylum System: What Went Wrong and How to Fix It,” Deputy Secretary of State Christopher Landau demanded that other nations take action against asylum seekers.

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What happens to the real asylum system if there are hundreds of thousands of fake asylum seekers? Landau asserted. It is not xenophobic to say that the process is susceptible to abuse; it is also not mean or bad.

Trump has urged other nations to join his efforts in reorganizing the US immigration system. Reps from Kosovo, Bangladesh, Liberia, and Panama were also on the panel on Thursday.

The Trump administration wants to rethink the asylum system, which was first developed after World War II.

Landau argued that the US would prefer for asylum to be granted temporarily with recipients eventually regaining their residence.

Additionally, the Trump administration emphasized that obtaining asylum in a choice country is not a right.

People seeking asylum can apply for it under the current system, which was established in US law in 1980, regardless of whether they arrived legally on American soil.

Applications must demonstrate a fear of persecution in their home country for a reason that is related to their race, religion, nationality, social affiliation, or political beliefs in order to be considered.

Applications review can take months, if not years. Landau continued, claiming that the system has become susceptible to fraud.

According to Landau, “the asylum system has turned our immigration laws into a significant loophole.” “I believe it’s important to be realistic that these laws are currently being violated.”

The Arizona Center for Investigative Reporting reported in April that suspected fraud in asylum claims accounts for only a small percentage of unsuccessful claims.

Trump supports a crackdown on immigration

Trump has made halting immigration a top priority of his presidency since winning his second term in the 2024 elections.

The tightening of the asylum procedure has been a part of that campaign. Trump invoked the Immigration and Nationality Act (INA) as a means of limiting asylum at the southern US border on January 20 during his first day in office.

According to Trump, “this authority” includes the right to impose restrictions on access to certain areas of the immigration system and to prevent foreign nationals from entering the country physically.

He argued that the proclamation was required to stop what he termed an “invasion” of immigrants.

However, a federal court ruled in July that Trump overstepped his authority by excluding asylum applications.

According to the court, the asylum laws were created by Congress. According to the decision, the president could risk introducing an “alternative immigration system” if he were allowed to disregard those laws and establish his own asylum procedures.

A federal judge upheld the president’s request to appoint a wider travel ban in the same month.

As asylum seekers’ advocates have long argued that Trump’s policies could put their lives and well-being in danger.

The US’s plan “sees like the first step in a bid to tear down the global refugee system,” according to Bill Frelick, director of refugee and migrant rights at Human Rights Watch, in a statement to The Associated Press.

Trump has, however, merely sporadically emphasized the risks he claims are related to immigration.

Trump claimed that accepting immigrants was “destroying” other nations in a speech to the UN General Assembly this week. He gave Europe as an example.

Amazon to pay $2.5bn for allegedly duping millions to sign up for Prime

The Federal Trade Commission (FTC) and Amazon have reached a groundbreaking $ 2.5 billion settlement, alleging that the online retailer swindled customers into buying Prime memberships and made it difficult for them to cancel.

The Seattle company will pay $1.5 billion in civil penalties, the largest fine in the history of the agency for a rule violation, and $1.5 billion will be refunded to customers who unintentionally enrolled in Prime or were prevented from canceling their subscriptions, according to the company’s statement on Thursday.

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The surprise settlement comes shortly after the trial’s opening in Seattle, Washington, this week. The Restore Online Shoppers’ Confidence Act, a 2010 law intended to make sure that people are aware of what they are being charged for online, serves as the case’s central concern.

According to FTC officials, Amazon was facing a wall, and the consumer refund amount was higher than the agency’s expert projections.

“I believe it only took them a few days to realize how bad they were going to be.” And during the settlement negotiations, Bureau of Consumer Protection director Chris Mufarrige said, “They came to us and they paid out.”

However, Amazon asserted that it was confident in winning the case, but that it would rather go through the trial and appeal process sooner. The case, which was first filed two years ago, was not about any wrongdoing, according to the company.

According to spokesman Mark Blafkin, “Amazon and our executives have always followed the law, and this settlement allows us to move forward and concentrate on creating new products for our customers.” We work incredibly hard to provide significant value to our many millions of devoted Prime members around the world while making it simple and clear for customers to sign up for or cancel their Prime membership.

The settlement is advantageous for both consumers and the FTC because Amazon generates about $ 2.5 billion in sales every 33 hours. After the news, Amazon’s shares remained essentially unchanged.

Those who may have signed up for a membership through the company’s “Single Page Checkout,” among other links, between June 23, 2019, and June 23, 2025 are among the Prime customers who are eligible for automatic refunds of up to $51. Within 90 days of the settlement order, those clients will receive a refund.

More than 30 million customers who may have been impacted by the other problems at the heart of the FTC case, including its cancellation process, are also on the hook for setting up a claims procedure.

I don’t want free shipping, you say?

For a monthly fee of $139, or $14.99 per month, Amazon Prime offers subscribers benefits like faster shipping, streaming of videos, and Whole Foods discounts.

With more than 200 million users, it is a significant and expanding component of Amazon’s business. The business reported in its most recent financial report in July that subscription services had generated more than $ 12 billion in net revenue, a 12 percent increase over the same period last year. The figure includes both annual and monthly fees for Prime memberships as well as for other recurring subscription services like its music and e-book platforms.

According to the FTC, Amazon purposefully prevented customers from making purchases without also registering for Prime. Customers were given a button to complete their purchases in some cases, which did not explicitly state whether they would also be enrolled in Prime, according to the organization.

According to an FTC complaint, Amazon leadership slowed or rejected changes that would have made canceling easier. Getting out of a subscription was frequently too difficult.

The process was referred to as “Iliad,” an internal translation of an ancient Greek poem about the drawn-out siege of Troy during the Trojan War. The customer must state on three pages whether they want to cancel their membership.

The lawsuit was filed in 2023 under former FTC Chair Lina Khan, an antitrust expert who had been appointed by Biden, after the FTC began looking into Amazon’s Prime subscription practices in 2021 during the first Trump administration.

Amazon is prohibited from misrepresenting the terms of the subscriptions in the settlement terms. It must fully disclose the costs that will be incurred and obtain the customer’s express approval for the charge. For instance, it must have clear instructions for customers to accept or reject a Prime subscription when making a purchase, avoiding potentially confusing phrases like “No thanks, I don’t want free shipping.”

Madagascar imposes curfew after violent protests against water, power cuts

Authorities in Madagascar have imposed a dusk-to-dawn curfew in the capital, Antananarivo, following protests against frequent power outages and water shortages that turned violent.

Hundreds of protesters took to the streets on Thursday to voice their anger over persistent power cuts, which often leave homes and businesses without electricity for over 12 hours. Police used rubber bullets and tear gas to quash the demonstrations.

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The protesters barricaded roads with rocks and burning tyres. By Thursday afternoon, there were reported incidents of looting at various retailers, appliance stores and banks across the 1.4-million-strong capital.

Several stations for the country’s new cable car system were also set on fire.

Local media reported on Thursday that three homes of politicians known to be close to President Andry Rajoelina were also attacked by protesters.

Authorities banned the demonstration on Wednesday, citing the risk of public disorder, and police patrolled the capital in large numbers from early Thursday.

Protesters walk during a demonstration to denounce frequent power outages and water shortages in Antananarivo, Madagascar [Zo Andrianjafy/Reuters]

“There are, unfortunately, individuals taking advantage of the situation to destroy other people’s property,” General Angelo Ravelonarivo, who heads a joint security body that includes the police and the military, said in a statement he read on privately owned Real TV late on Thursday.

To protect “the population and their belongings,” the security forces decided to impose a curfew from 7pm to 5am (16:00-02:00 GMT) “until public order is restored,” the statement said.

Madagascar, an island nation in the Indian Ocean, is mired in poverty, and some people blame the government of Rajoelina, who was reelected in 2023, for not improving conditions.

Some 75 percent of the country’s estimated 30 million population lived below the poverty line in 2022, according to the World Bank.

“Water and electricity are basic human needs.” “Let us speak out.” “Malagasy people, wake up.” These were some of the messages displayed on the protesters’ placards.

It was unclear how many people were injured during the rallies or whether there were any fatalities.

The protest movement, dominated mostly by the youth, started gaining traction a few days ago on social media platforms, mainly Facebook.