Day: September 28, 2025

After four extensions of the statutory deadline to ban TikTok or force its Chinese owners to divest, US President Donald Trump has now signed an executive order transferring the app to US ownership. The announcement follows years of diplomatic sparring, bureaucratic manoeuvring, repeated efforts by federal and state governments to curtail the platform and even a ruling from the US Supreme Court. Has the fate of America’s most viral social media app finally been decided? Advertisement Those expecting closure will be disappointed. This latest “framework consensus” still leaves China with…

As China’s National Day holiday approaches, prices of hairy crabs, one of the most popular seasonal gifts at this time of the year, are down markedly as the first batches are delivered to markets across the country. Advertisement Industry insiders predict that prices will fall further, citing higher production, shrinking gift-giving demand and weak household spending. Businesses and wealthy individuals have long regarded hairy crabs, which are prized for their unique flavour, as an ideal gift for clients and officials. They have also served as an important gauge of consumer…