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US and China reach ‘final deal’ on TikTok sale, treasury secretary says

about 21 hours ago
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US treasury secretary Scott Bessent claimed on Sunday that the US and China have finalized the details of a deal transferring TikTok’s US version to new owners,“We reached a final deal on TikTok,” Bessent said on Sunday on CBS’s Face the Nation with Margaret Brennan,Alluding to Donald Trump and his Chinese counterpart, Xi Jinping, Bessent continued: “We reached [a deal] in Madrid, and I believe that as of today, all the details are ironed out, and that will be for the two leaders to consummate that transaction” during a meeting scheduled for Thursday in Korea,Bessent did not disclose any details of the deal,But he did say it was a part of a broader framework – agreed to by both the US and China – of a potential trade deal to be discussed when Trump and Xi meet in the coming days.

The comments from Bessent came after Trump signed an executive order on 25 September paving the way for a deal for new ownership based in the US, with a majority of American investors.“I’m not part of the commercial side of the transaction,” Bessent added.“My remit was to get the Chinese to agree to approve the transaction, and I believe we successfully accomplished that over the past two days.”Trump’s 19-year-old son, Barron Trump, has been floated by the president’s former social media producer Jack Advent as a potential board member.Trump has indicated new US investors include conservative media owners Rupert Murdoch and Larry Ellison.

In 2020, during his first presidency, Trump threatened to ban TikTok in 2020 in retaliation for China’s handling of Covid-19.Congress passed a ban of the app before it was signed into law in April 2024 by Joe Biden when he was president in between Trump’s two terms.It was set to go into effect on 20 January 2025 but was extended four times by Trump while his administration worked to develop a deal to transfer ownership.The deal is estimated to be valued at $14bn.The majority of US and international investors will own about 65% of the company, with ByteDance and Chinese investors owning less than a 20% stake.

Trump’s executive order hands oversight of the app’s algorithm to the new investors, including six out of seven seats on the board of directors.Trump arrived in Malaysia on Sunday for a summit of the Association of Southeast Asian Nations, as part of a five-day tour of the continent, with an expected face-to-face meeting between Trump and Xi on Thursday.The two are expected to discuss soybean and agricultural purchases from US farmers, trade balance, and the American fentanyl crisis, which was cited as the basis for Trump’s 20% tariffs on Chinese imports.The best public interest journalism relies on first-hand accounts from people in the know.If you have something to share on this subject, you can contact us confidentially using the following methods.

Secure Messaging in the Guardian appThe Guardian app has a tool to send tips about stories.Messages are end to end encrypted and concealed within the routine activity that every Guardian mobile app performs.This prevents an observer from knowing that you are communicating with us at all, let alone what is being said.If you don't already have the Guardian app, download it (iOS/Android) and go to the menu.Select ‘Secure Messaging’.

SecureDrop, instant messengers, email, telephone and postIf you can safely use the Tor network without being observed or monitored, you can send messages and documents to the Guardian via our SecureDrop platform.Finally, our guide at theguardian.com/tips lists several ways to contact us securely, and discusses the pros and cons of each.
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Would a written constitution save Britain from the far right? | Letters

George Monbiot is right that having a written constitution would be better than not having one if the far right takes power (We must act now: without a written constitution, Reform UK will have carte blanche to toxify our nation, 23 October). But, as he points out, it’s not a guarantee of sane government. At least 75% of what Donald Trump is doing is unconstitutional, but it’s permitted by a compliant Congress and a rubber-stamp supreme court that is suddenly discovering presidential powers in the constitution that its framers never intended. The true problem is that a large proportion of the US electorate is content to let this happen.Marina Hyde noted the same trend here – too many people are so dischuffed (some with good cause, some not) that they are willing to press the “F you” button and smash the system

about 20 hours ago
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Keir Starmer shares post-punk passion and revisits musical past

Keir Starmer has said he is a fan of the Scottish post-punk band Orange Juice and northern soul, in a deep dive of his musical tastes and personal life.On BBC Radio 3’s Private Passions, Starmer chose a selection of his favourite music including works by Beethoven, Tchaikovsky and Elgar, and reflected on his own musical journey, which included learning to play violin alongside Norman Cook, AKA Fatboy Slim, at school.Starmer was a keen musician in his childhood, playing flute, piano, recorder and violin, and won a Guildhall School of Music and Drama scholarship. He said he still listened to music every day as a form of escape.He described the jangle pop band Orange Juice as “absolutely fantastic” and said he had discovered their music after moving to Leeds for university, where he studied law in the 1980s

about 22 hours ago
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Reform MP’s remarks about TV adverts were ‘racist’, says Wes Streeting

Wes Streeting has accused the Reform UK MP Sarah Pochin of making racist remarks after she said seeing adverts full of black and Asian people “drives her mad”.The health secretary said Pochin was “only sorry she’s been caught and called out”, adding she had “said the quiet bit loud”, as he warned of a return to “1970s, 1980s-style racism”.Streeting’s comments went further than Labour’s official remarks from the party chair, Anna Turley, who on Saturday night condemned Pochin’s remarks and said Reform was “more interested in dividing our country than uniting it”, but stopped short of explicitly calling the comments racist.On Friday, Pochin, who is Reform UK’s MP for Runcorn and Helsby, complained that “every advert” seemed to feature “black and Asian people”, as she responded to a viewer on TalkTV who had complained about the demographics of advertising.Pochin, 56, said the viewer was “absolutely right”, adding: “It doesn’t reflect our society and I feel that your average white person, average white family is … not represented any more,” blaming the “woke liberati” in the “arty-farty world”

about 23 hours ago
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‘We have to book bigger rooms’: Green membership surge causes novel problems

A surge in membership levels is causing the Green party some novel problems. “Our local association went from 400 to over 1,000,” one activist said. “We had meetings booked in rooms with a capacity of 50, and loads of people were being turned away. We’ve had to start booking bigger rooms.”The Greens have long been a party on the rise

1 day ago
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Companies that donated to Labour awarded £138m in contracts, study finds

Companies that have recently donated to Labour were awarded contracts worth almost £138m during the party’s first year in government, according to research that raises fresh concerns about the relationship between political donations and public spending.A report by the thinktank Autonomy Institute has identified more than 100 companies that have given money to political parties and then won government contracts, under both Conservative and Labour administrations.The study follows a previous investigation by the Guardian that revealed how companies linked to Tory donors had been given billions in public funds since 2016.The new analysis shows the pattern has continued under Labour, with eight companies that donated more than £580,000 to the party receiving government contracts worth nearly £138m within two years of their donation (between July 2024 and June 2025).Looking beyond a two-year window, the thinktank found 25 Labour-linked companies had won contracts worth £796

1 day ago
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Labour’s new deputy leader says party must pay more heed to its members

Labour’s new deputy leader, Lucy Powell, has said the government must listen to its members instead of being guided by a “narrow group of voices” as it battles to stave off electoral disaster in next May’s local elections.Powell defeated the education secretary, Bridget Phillipson, in the deputy leadership contest, which concluded on Saturday. She said she had been given “a clear mandate that members want their voice to be heard at the top of the party”.The Manchester Central MP won 54% of the vote, polling 87,407 votes, while Phillipson received 73,536. Turnout was just 16

2 days ago
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Oil firm Petrofac enters administration, putting 2,000 jobs at risk; Greencore-Bakkavor food giant deal faces UK competition concerns – business live

about 1 hour ago
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Oil and gas firm Petrofac files for administration, putting thousands of jobs at risk

about 2 hours ago
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Ultra-HD televisions not noticeably better for typical viewer, scientists say

about 3 hours ago
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Apple Watch Ultra 3 review: the biggest and best smartwatch for an iPhone

about 6 hours ago
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The old man and the mirror: Aaron Rodgers meets the quarterback he used to be

about 1 hour ago
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Crunch time nears for Australia as selectors try to fit Ashes batting puzzle pieces together | Martin Pegan

about 9 hours ago