foreign

Apps

U.S. House Approves Amended Measure to Prohibit TikTok or Compel Sale

The U.S. House of Representatives passed a bill this afternoon that would require TikTok-owner ByteDance to sell the popular social media app or see it banned in the United States. Efforts to ban TikTok go back to the Trump Administration, but the issue has been revived in recent months. The House already passed a similar bill in March — a bill that the Senate showed little interest in taking up. The Senate could take up the package this coming week, and President Joe Biden has said he supports the bill and will sign it. If that happens, TikTok is expected to challenge the bill in court.

Zara Khan
April 20, 2024
1 Comment

Gadgets, Venture

Boosting Foreign Investment: India Takes Bold Step Toward Advancing Space Industry

India has updated official rules in the space sector to attract global investors and companies, after opening it up to private players four years ago. The new foreign direct investment (FDI) policy raises limits on foreign investment, potentially spurring renewed interest in the South Asian space community. Private and public actors in India have been taking measures to increase participation in the country’s space sector. India has around 190 space tech startups, offering solutions including launch vehicles, space situational awareness and hyperspectral imagery. Investments in Indian space startups reached over $124 million last year, per government data.

Zara Khan
February 21, 2024
1 Comment

Apps, Fintech, Startups

Atlantic Money Delivers Low-Cost Forex to European Consumers

Atlantic Money launches its cheap foreign exchange service across Europe • TechCrunch

Atlantic Money is making it easy for people to send money across borders, no matter where they are. With its international money transfer service, people can send money in nine…