Latest news with #Order
Business Times
13 hours ago
- Business
- Business Times
Trump says he signed executive order extending deadline for TikTok closing
[WASHINGTON] US President Donald Trump said on Thursday (Jun 19) that he has signed an executive order extending the June 19 deadline for China-based ByteDance to divest the US assets of short-video app TikTok for 90 days. 'I've just signed the Executive Order extending the Deadline for the TikTok closing for 90 days (September 17, 2025),' he said in a Truth Social post. Trump had already twice granted a reprieve from enforcement of a congressionally mandated ban on TikTok that was supposed to take effect in January. REUTERS
Hindustan Times
13 hours ago
- Business
- Hindustan Times
Donald Trump signs executive order extending deadline for TikTok closure
U.S. President Donald Trump said on Thursday that he has signed an executive order extending the June 19 deadline for China-based ByteDance to divest the U.S. assets of short-video app TikTok for 90 days. Also Read: Donald Trump to extend TikTok sale deadline for third time, says White House "I've just signed the Executive Order extending the Deadline for the TikTok closing for 90 days (September 17, 2025)," he said in a Truth Social post. Trump had already twice granted a reprieve from enforcement of a congressionally mandated ban on TikTok that was supposed to take effect in January.
CNBC
13 hours ago
- Business
- CNBC
Trump extends TikTok ban deadline by another 90 days
President Donald Trump has extended the deadline for TikTok's parent company ByteDance to sell the short form video app to an American owner. On Thursday, Trump signed an executive order granting a third extension for the Chinese company to sell its video platform so it can continue to operate in the country. "I've just signed the Executive Order extending the Deadline for the TikTok closing for 90 days (September 17, 2025). Thank you for your attention to this matter!" Trump said on Truth Social. While aboard Air Force One on Wednesday morning, Trump said he believed Chinese President Xi Jinping would be amenable toward a deal selling the wildly popular app. Trump said he believed Xi would have to sign off on a deal if a buyer comes forward. ByteDance is based in Beijing. White House Press Secretary Karoline Leavitt said in a statement that the administration wanted to ensure Americans could continue to access TikTok. "As he has said many times, President Trump does not want TikTok to go dark. This extension will last 90 days, which the Administration will spend working to ensure this deal is closed so that the American people can continue to use TikTok with the assurance that their data is safe and secure," Leavitt said. TikTok has 170 million users in the United States and support for a ban has declined, according to Pew Research. A law banning TikTok initially passed under the Biden Administration over national security concerns, which led the app to briefly go offline ahead of Trump's inauguration earlier this year. However, once Trump signaled he planned to keep the app running in the U.S., TikTok resumed functioning. TikTok has denied that it posed any security concerns to the United States and said American data is not stored in China. After the TikTok ban passed last year, American users began flocking to Chinese social media app RedNote claiming they were indifferent to China accessing their data. Since TikTok was given an extension in the United States, it appears users have returned to the platform and are using RedNote less. Once in office, Trump signed an extension of the deadline to sell the app, giving ByteDance 75 days to find a buyer. That extension ended on April 5. Ahead of the April 5 deadline, some potential TikTok suitors expressed interest in purchasing the app. Amazon made a last-minute bid to buy TIkTok. Others who expressed interest included Reddit co-founder Alexis Ohanian, who joined billionaire investor Frank McCourt's bid; artificial intelligence search engine startup Perplexity AI; and Steven Mnuchin, treasury secretary in the first Trump administration. Top Trump officials were confident the app would sell but after sweeping tariffs were placed on China, no deal was made. Trump then gave the app another 90 days, which was set to expire on Thursday. Under the law, ByteDance must sell TikTok to a U.S.-based buyer. ByteDance previously said it would not sell TikTok and has been quiet on whether it has decided to make a deal. A spokesperson for TikTok did not immediately respond to a request for comment. The position to keep TikTok in the United States is an about face from Trump's first term, during which he signed an executive order banning it. That ban was later overturned by the courts. The U.S. Supreme Court has upheld the Biden era law banning the app unless it is sold to an American owner.
NBC News
13 hours ago
- Business
- NBC News
Trump extends TikTok ban deadline by another 90 days
President Donald Trump has extended the deadline for TikTok's parent company ByteDance to sell the short form video app to an American owner. On Thursday, Trump signed an executive order granting a third extension for the Chinese company to sell its video platform so it can continue to operate in the country. 'I've just signed the Executive Order extending the Deadline for the TikTok closing for 90 days (September 17, 2025). Thank you for your attention to this matter!' Trump said on Truth Social. While aboard Air Force One on Wednesday morning, Trump said he believed Chinese President Xi Jinping would be amenable toward a deal selling the wildly popular app. Trump said he believed Xi would have to sign off on a deal if a buyer comes forward. ByteDance is based in Beijing. White House Press Secretary Karoline Leavitt said in a statement that the administration wanted to ensure Americans could continue to access TikTok. 'As he has said many times, President Trump does not want TikTok to go dark. This extension will last 90 days, which the Administration will spend working to ensure this deal is closed so that the American people can continue to use TikTok with the assurance that their data is safe and secure,' Leavitt said. TikTok has 170 million users in the United States and support for a ban has declined, according to Pew Research. A law banning TikTok initially passed under the Biden Administration over national security concerns, which led the app to briefly go offline ahead of Trump's inauguration earlier this year. However, once Trump signaled he planned to keep the app running in the U.S., TikTok resumed functioning. TikTok has denied that it posed any security concerns to the United States and said American data is not stored in China. After the TikTok ban passed last year, American users began flocking to Chinese social media app RedNote claiming they were indifferent to China accessing their data. Since TikTok was given an extension in the United States, it appears users have returned to the platform and are using RedNote less. Once in office, Trump signed an extension of the deadline to sell the app, giving ByteDance 75 days to find a buyer. That extension ended on April 5. Ahead of the April 5 deadline, some potential TikTok suitors expressed interest in purchasing the app. Amazon made a last-minute bid to buy TIkTok. Others who expressed interest included Reddit co-founder Alexis Ohanian, who joined billionaire investor Frank McCourt's bid; artificial intelligence search engine startup Perplexity AI; and Steven Mnuchin, treasury secretary in the first Trump administration. Top Trump officials were confident the app would sell but after sweeping tariffs were placed on China, no deal was made. Trump then gave the app another 90 days, which was set to expire on Thursday. Under the law, ByteDance must sell TikTok to a U.S.-based buyer. ByteDance previously said it would not sell TikTok and has been quiet on whether it has decided to make a deal. A spokesperson for TikTok did not immediately respond to a request for comment. The position to keep TikTok in the United States is an about face from Trump's first term, during which he signed an executive order banning it. That ban was later overturned by the courts. The U.S. Supreme Court has upheld the Biden era law banning the app unless it is sold to an American owner.
Cision Canada
14 hours ago
- Business
- Cision Canada
Equitable Bank completes successful issuance of €500 million of covered bonds to further funding diversification strategy
TORONTO, June 19, 2025 /CNW/ - Equitable Bank (the "Bank" or "Equitable"), Canada's Challenger Bank™, is pleased to announce that it has completed its latest offering of €500 million (CAD $789 million) of covered bonds (the "bonds"). The bonds were issued under the Bank's CAD $3.0 billion Global Legislative Covered Bond Programme (the "program") and represent Equitable's sixth covered bond issuance since the launch of the program in 2021. "We are pleased to see continued investor support for Equitable Bank's covered bond program. This program is a key part of our broader funding diversification strategy, enabling us to execute on our mission to drive change in Canadian banking to enrich people's lives," said Andrew Moor, president and CEO, Equitable Bank. The €500 million 2.375% coupon covered bonds were priced to yield 2.52% and will mature on September 28, 2028. The bonds are rated Aa1 by Moody's and AA+ with a positive outlook by Fitch. Inclusive of all costs, covered bonds are the most cost-effective wholesale funding available to the Bank. The issuance was completed with Barclays Bank, Commerzbank, DZ BANK, Erste Group Bank, Landesbank Baden-Württemberg, Scotiabank and TD Bank acting as joint lead managers. In the United Kingdom, this announcement is being distributed only to, and is directed only at, persons who: (A) (i) are "investment professionals" specified in Article 19(5) of the Financial Services and Markets Act (Financial Promotion) Order 2005 (the "Order") or (ii) high net worth entities falling within Article 49(2)(a) to (d) of the Order or (iii) are other persons to whom it may otherwise lawfully be communicated; and (B) are "qualified investors" within the meaning of Article 2(e) of Regulation (EU) 2017/1129 as it forms part of United Kingdom domestic law by virtue of the European Union (Withdrawal) Act 2018 (all such persons together being referred to as "Relevant Persons"). In the European Economic Area (the "EEA"), this announcement is addressed only to and directed only at, persons in member states who are "qualified investors" within the meaning of Article 2(e) of Regulation ((EU) 2017/1129 ("Qualified Investors"). This announcement must not be acted on or relied on (i) in the United Kingdom, by persons who are not Relevant Persons, and (ii) in any member state of the EEA, by persons who are not Qualified Investors. Any investment or investment activity to which this announcement relates is available only to: (i) in the United Kingdom, Relevant Persons; and (ii) in any member state of the EEA, Qualified Investors, and will be engaged in only with such persons. About Equitable Bank Equitable Bank has a clear mission to drive change in Canadian banking to enrich people's lives. As Canada's Challenger Bank™ and seventh largest bank by assets, it leverages technology to deliver exceptional personal and commercial banking experiences and services to over 742,000 customers and more than six million credit union members through its businesses. It is a wholly owned subsidiary of EQB Inc. (TSX: EQB), a leading digital financial services company with $134 billion in combined assets under management and administration (as at April 30, 2025). Through its digital EQ Bank platform ( its customers have named it one of the top banks in Canada on the Forbes World's Best Banks list since 2021. Investor contact: David Wilkes VP and Head of Finance [email protected] Media contact: Maggie Hall Director, PR & Communications [email protected]
