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Oracle beats Microsoft to TikTok US deal

ByteDance has reached a preliminary “technical partnership” agreement with Oracle for TikTok’s US operations that does not include a full sale of the popular video app, according to three people with knowledge of the matter. As part of the deal, Oracle plans to address the national security concerns the Trump administration

Johnson was given warnings on effect of Irish protocol

The UK government was explicitly warned in January that Boris Johnson’s Brexit divorce deal would leave Brussels able to claim jurisdiction over “large amounts” of UK state aid policy after the end of the transition period, documents seen by the Financial Times have revealed. A 10-page official briefing document shows the

Companies urged to issue debt in calm before US election

The threat of a turbulent US presidential election is raising the pressure on companies to load up on cheap debt as bankers warn that disruption to financial markets could deny them access to funds on favourable terms. Corporate bond issuance has started strongly in September after companies raised $210bn in August

LVMH’s blockbuster takeover of Tiffany thrown into doubt

LVMH’s planned $16.6bn takeover of US jeweller Tiffany was thrown into jeopardy on Wednesday after the French conglomerate said the deal could not be completed and Tiffany hit back with a lawsuit aimed at forcing it to respect their original agreement. The largest-ever deal in the luxury sector has become

Trump raises prospect of ‘decoupling’ US economy from China

Donald Trump raised the prospect of “decoupling” the US economy from China and claimed that America was experiencing “the fastest recovery in US history”, honing his economic messaging as the presidential campaign enters its final stretch. Mr Trump, who made China a central focus of his 2016 campaign, previewed a