Foreign Investments
TikTok says its American traffic is going through Oracle servers, but it retains backups.
TikTok, the Chinese-owned video app, said on Friday that it was moving all of the data produced by its American users through servers controlled by Oracle, the Silicon Valley company, in a bid to convince the U.S. government that it will not expose the personal information of Americans to the Chinese government. But TikTok added […]
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Before Giving Billions to Jared Kushner, Saudi Investment Fund Had Big Doubts
Six months after leaving the White House, Jared Kushner secured a $2 billion investment from a fund led by the Saudi crown prince, a close ally during the Trump administration, despite objections from the fund’s advisers about the merits of the deal. A panel that screens investments for the main Saudi sovereign wealth fund cited […]
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‘La French Tech’ Arrives Under Macron, but Proves No Panacea
PARIS — In full Steve Jobs mode, President Emmanuel Macron of France donned a black turtleneck in January and took to Twitter to celebrate the creation in France of 25 “unicorn” start-ups — companies with a market value of over 1 billion euros, or almost $1.1 billion. He declared that France’s start-up economy was “changing […]
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How Roman Abramovich Used Shell Companies and Wall Street Ties to Invest in the U.S.
In July 2012, a shell company registered in the British Virgin Islands wired $20 million to an investment vehicle in the Cayman Islands that was controlled by a large American hedge fund firm. The wire transfer was the culmination of months of work by a small army of handlers and enablers in the United States, […]
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Multinationals in Ukraine are ready for a conflict but staying put.
Big American and European companies operating on the ground in Ukraine said Friday that they had contingency plans at the ready in case of a Russian invasion but so far had not ordered the relocation of employees. Even as Western leaders turned up warnings that President Vladimir V. Putin of Russia may order an attack […]
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As the U.S. Pulls Back From the Mideast, China Leans In
BEIRUT, Lebanon — In January alone, five senior officials from oil-rich Arab monarchies visited China to discuss cooperation on energy and infrastructure. Turkey’s top diplomat vowed to stamp out “media reports targeting China” in the Turkish news media, and Iran’s foreign minister pressed for progress on $400 billion of investment that China has promised his […]
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Battling for Bolivia’s Lithium That’s Vital to Electric Cars
“The amount of lithium we need in any of our climate goals is incredible,” said Anna Shpitsberg, the U.S. deputy assistant secretary of state for energy transformation. “Everyone is trying to build up their supply chains and think about how to be strategic.” But Washington has little sway in Bolivia, whose leaders have long disagreed […]
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How Inflation Affects Turkey’s Struggling Economy
The signs of Turkey’s disastrous economy are all around. Long lines snake outside discounted bread kiosks. The price of medicine, milk and toilet paper are soaring. Some gas stations have closed after exhausting their stock. Angry outbursts have erupted on the streets. “Unemployment, high living costs, price increases, and bills are breaking our backs,” the […]
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