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Donald Trump: US Treasury should really get slice of TikTok offer



Donald Trump: US Treasury should get cut of TikTok deal

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Donald Trump says the federal government really should get a cut from the sale of TikTok’s US device if an American organization purchases it.

The US president said he built a need for a “sizeable part” of the acquire price tag in a cellphone call at the weekend with Microsoft’s boss.

He also warned he will ban the application, which is owned by China’s ByteDance, on 15 September if there is no deal.

ByteDance is beneath strain to market its US company immediately after Mr Trump threatened a crackdown on Chinese tech providers.

  • Past TikTok: Who else could Trump ban?
  • How would the US go about banning TikTok?

The Trump administration has accused TikTok and others of delivering info to the Chinese government, which Beijing and TikTok deny.

“The United States must get a extremely massive share of that value, simply because we’re making it doable,” Mr Trump stated.

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Media captionWhat is TikTok?

“It would arrive from the sale, which no person else would be wondering about but me, but that’s the way I feel, and I consider it is really honest,” he extra.

‘Mafia-like behaviour’

The ask for for payment to the US Treasury even further challenging negotiations as authorized industry experts highlighted that such a desire to safe regulatory acceptance for a takeover offer would be hugely unorthodox.

Nicholas Klein, a lawyer at DLA Piper, explained typically “the authorities would not have the authority to take a lower of a non-public offer by means of” the Committee on International Expense in the United States, which is the inter-company committee that assessments some foreign investments in the US.

The point out-run China Everyday newspaper mentioned on Tuesday that Beijing would not settle for the “theft” of a Chinese technologies corporation.

It also warned in an editorial that China had “loads of means to react if the administration carries out its planned smash and grab”.

Charlotte Jee, a reporter at MIT Engineering Review, a journal owned by Massachusetts Institute of Technological innovation, said Mt Trump’s responses have been “very astonishing”.

Speaking to the BBC’s Right now programme, she mentioned: “I detest to say this but it is variety of pretty much Mafia-like conduct – threatening a ban which pushes down the price then indicating ‘oh we need to get a reduce of that deal afterwards to say thank you for what we’ve accomplished there’.

“It is amazing conduct as properly mainly because final 7 days we experienced lawmakers in the US attempting to glance at regardless of whether tech firms are far too massive and now we have obtained Trump hoping to make one particular of them even even larger so it is a actually, definitely weird condition to be in.”

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Talks more than a likely offer appeared to have been derailed on Friday when Mr Trump said he opposed Microsoft obtaining TikTok’s US small business.

When Mr Trump now offering his acceptance to a attainable takeover is a major shift in the White House’s place, the limited deadline for talks is an additional main hurdle for any possible offer.

TikTok’s US functions “will near down on September 15 except Microsoft or someone else is ready to buy it and perform out a deal, an correct offer so the Treasury… of the United States gets a great deal of money,” he explained.

White Home trade adviser Peter Navarro also instructed that Microsoft could drop its holdings in China if it buys TikTok’s US company.

“So the question is, is Microsoft going to be compromised?” Mr Navarro mentioned in an interview with CNN. “Possibly Microsoft could divest its Chinese holdings?”

Microsoft verified on Sunday in a web site write-up that it would continue on conversations on a prospective offer with TikTok following a contact among its chief executive Satya Nadella and Mr Trump.

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Media captionWill TikTok be banned?

The technology big declined to remark even more on the discussion in between Mr Trump and Mr Nadella further than the website.

At the weekend, US Secretary of State Mike Pompeo claimed President Trump would take motion “in the coming days” versus Chinese-owned program businesses that he thought posed a national security chance.

Mr Pompeo advised Fox News that TikTok was between those “feeding information directly to the Chinese Communist Occasion”.

He did not, nevertheless, offer any evidence to back again up his claim.

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Portuguese historical films will premiere on 29 December.



Portuguese historical films will premiere on 29 December.

Method Media Bermuda will present the documentary FABRIC: Portuguese History in Bermuda on Thursday, December 29 at the Underwater Research Institute of Bermuda.

A spokesperson said: “Method Media is proud to bring Bermuda Fabric: Portugal History to Bermuda for its 5th and 6th showing at the Bermuda Underwater Observatory. In November and December 2019, Cloth: A Portuguese Story in Bermuda had four sold-out screenings. Now that Bermuda has reopened after the pandemic, it’s time to bring the film back for at least two screenings.

“There are tickets For $ 20 – sessions at 15:30 and 18:00. Both screenings will be followed by a short Q&A session.

Director and producer Milton Raboso says, “FABRIC is a definitive account of the Portuguese community in Bermuda and its 151 years of history, but it also places Bermuda, Acors and Portugal in the world history and the events that have fueled those 151 years.

“It took more than 10 years to implement FABRIC. The film was supported by the Minister of Culture, the Government of the Azores and private donors.

Bermuda Media Method [MMB] Created in 2011 by producer Milton Raposo. MMB has created content for a wide range of clients: Bermuda’s new hospital renovation, reinsurance, travel campaigns, international sports and more. MMB pays special attention to artistic, cultural and historical content.

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Maestro de Braga is the first Portuguese in the National Symphony Orchestra of Cuba.



Maestro de Braga is the first Portuguese in the National Symphony Orchestra of Cuba.

Maestro Filipe Cunha, Artistic Director of the Philharmonic Orchestra of Braga, has been invited to conduct the Cuban National Symphony Orchestra, as announced today.

According to a statement sent by O MINHO, “he will be the first Portuguese conductor to conduct this orchestra in its entire history.”

In addition to this orchestra, the maestro will also work with the Lyceo Mozarteum de la Habana Symphony Orchestra.

The concerts will take place on 4 and 12 March 2023 at the National Theater of Cuba in Havana.

In the words of the maestro, quoted in the statement, “these will be very beautiful concerts with difficult but very complex pieces” and therefore he feels “very motivated”.

From the very beginning, Rachmaninoff’s Piano Concerto No. 2 will be performed by an Italian pianist (Luigi Borzillo), whom the maestro wants to bring to Portugal later this year. In the same concert, Mendelshon’s First Symphony will be performed.

Then, at the second concert, in the company of the Mexican clarinetist Angel Zedillo, he will perform the Louis Sfora Concerto No. 2. In this concert, the maestro also conducts Tchaikovsky’s Fifth Symphony.

“This is an international recognition of my work. An invitation that I accept with humility and great responsibility. I was surprised to learn that I would be the first Portuguese member of the Cuban National Symphony Orchestra. This is a very great honor,” the maestro said in a statement.

“I take with me the name of the city of Braga and Portugal with all the responsibility that goes with it, and I hope to do a good job there, leaving a good image and putting on great concerts. These will be very special concerts because, in addition to performing pieces that I love, especially Rachmaninov and Tchaikovsky, I will be directing two wonderful soloists who are also my friends. It will be very beautiful,” concludes Filipe Cunha.

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