President Donald Trump has signed an executive order approving a deal in which TikTok's U.S. application would be operated by a new joint-venture company based in the United States.The deal, under which a group of mostly American investors take over the social media app's American business, saves the Chinese-owned TikTok from a ban in the United States.The White House said that President Trump det...
For comments and feedback contact: editorial@rttnews.com
Business News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.