TikTok sale ‘uncertain’ as Trump ban looms

A man wearing a shirt promoting TikTok is seen at an Apple store in Beijing. US President Donald Trump says he wants to take action to ban TikTok. (AFP/File)
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Updated 03 August 2020
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TikTok sale ‘uncertain’ as Trump ban looms

  • Opposition to the deal prompts the app to make further concessions, including adding 10,000 jobs in US

SAN FRANCISCO: Negotiations for Microsoft to buy the US operations of Chinese-owned TikTok are on hold after President Donald Trump threatened to bar the social media app and came out against the sale, the Wall Street Journal reported Saturday.
Trump has pledged to get tough on the massively popular video-sharing app, which US officials have said could be a tool for Chinese intelligence — a claim the firm, owned by Chinese internet giant ByteDance, has repeatedly denied.
While there has been no sign yet of the ban he threatened on Friday to impose, his words were reportedly already adding to uncertainties for TikTok.
“Before Mr. Trump’s remarks, the two sides believed the broad strokes of a deal could be in place by Monday,” the paper reported on a possible TikTok-Microsoft sale, citing unnamed sources.
It also said Trump’s threats and opposition to the deal had prompted TikTok to make further concessions, including adding up to 10,000 jobs in the US over the next 3 years.
TikTok defended itself on Saturday, with its general manager for the US, Vanessa Pappas, telling users that the company was working to give them “the safest app,” amid US concerns over data security. “We’re not planning on going anywhere,” Pappas said in a message released on the app.
TikTok, especially popular with young audiences who create and watch its short-form videos, has an estimated 1 billion users worldwide.
It has grown even faster as the coronavirus pandemic has pushed people physically away from each other, but into close contact online.

SPEEDREAD

• President Donald Trump has pledged to get tough on the app, which US officials have said could be a tool for Chinese intelligence — a claim the firm, owned by Chinese Internet giant ByteDance, has repeatedly denied.

• While there has been no sign yet of the ban he threatened on Friday to impose, his words were reportedly already adding to uncertainties for TikTok.

Earlier media reports had suggested Trump would require that the app’s US operations be divested from ByteDance, but he instead announced a ban.
Trump’s announcement drew criticism from some in the tech sector, including former Facebook chief security officer Alex Stamos, who questioned whether the move was spurred by national security concerns.
“A 100 percent sale to an American company would have been considered a radical solution two weeks ago and, eventually, mitigates any reasonable data protection concerns,” he wrote on Twitter.
The American Civil Liberties Union cried foul over the possibility of a ban on the app.
“Banning an app that millions of Americans use to communicate with each other is a danger to free expression and is technologically impractical,” said the ACLU’s surveillance and cybersecurity counsel, Jennifer Granick.
“With any I internet platform, we should be concerned about the risk that sensitive private data will be funneled to abusive governments, including our own,” Granick said in a statement.
“But shutting one platform down, even if it were legally possible to do so, harms freedom of speech online and does nothing to resolve the broader problem of unjustified government surveillance.”
Pappas said she was “proud” of TikTok’s 1,500 US employees, and also noted the “additional 10,000 jobs” the company plans on creating in the US in the next 3 years.
“When it comes to safety and security, we’re building the safest app because we know it’s the right thing to do,” she said.
“So we appreciate the support. We’re here for the long run, and continue to share your voice here and let’s stand for TikTok.”


Acwa signs key terms to develop 5GW of renewable energy capacity in Turkiye

Updated 23 February 2026
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Acwa signs key terms to develop 5GW of renewable energy capacity in Turkiye

JEDDAH: Saudi utility giant Acwa has signed key investment agreements with Turkiye’s Ministry of Energy and Natural Resources to develop up to 5 gigawatts of renewable energy capacity, starting with 2GW of solar power across two plants in Sivas and Taseli.

Under the investment agreement, Acwa will develop, finance, and construct, as well as commission and operate both facilities, according to a press release.

The program builds on the company’s first investment in Turkiye, the 927-megawatt Kirikkale Independent Power Plant, valued at $930 million, which offsets approximately 1.8 million tonnes of carbon dioxide annually, the statement added.

A separate power purchase agreement has been concluded with Elektrik Uretim Anonim Sirketi for the sale of electricity generated by each facility.

Turkiye aims to boost solar and wind capacity to 120GW by 2035, supported by around $80 billion in investment, while recent projects have already helped prevent 12.5 million tonnes of CO2 emissions and reduced reliance on imported natural gas.

Turkiye’s energy sector has undergone a rapid transformation in recent years, with renewable power emerging as a central pillar of its strategy.

Raad Al-Saady, vice chairman and managing director of ACWA, said: “The signing of the IA (implementation agreement) and PPA key terms marks a pivotal moment in Acwa’s partnership with Turkiye, reflecting the country’s strong potential as a clean energy leader and manufacturing powerhouse.”

He added: “Building on our long-standing presence, including the 927MW Kirikkale Power Plant commissioned in 2017, this step elevates our partnership to a new level,” Al-Saady said.

In its statement, Acwa said the 5GW renewable energy program will deliver electricity at fixed prices, enhancing predictability for grid planning and supporting long-term industrial investment.

By replacing imported fossil fuels with domestically generated clean energy, the initiative is expected to reduce Turkiye’s exposure to global energy market volatility, strengthening energy security and lowering long-term power costs.

The company added that the economic impact will extend beyond the anticipated investment of up to $5 billion in foreign direct investment, with thousands of jobs expected during the construction phase and hundreds of high-skilled roles created during operations.

The energy firm concluded that its existing progress in Turkiye reflects a strong appreciation for Turkish engineering, construction, and manufacturing capacity, adding that localization has been a strategic priority, and it has already achieved 100 percent local employment at its developments in the country.