By Sheila Dang and Krystal Hu (Reuters) – U.S. billionaire businessman Frank McCourt is crafting a fundamental overhaul of TikTok’s business model as part of a plan to bid for the Chinese-owned short-form video app, he told Reuters. McCourt, who formerly owned the Los Angeles Dodgers baseball team, said he has received verbal funding commitments…
NEW YORK (Reuters) – FIFA and Netflix have signed a deal to broadcast the 2027 and 2031 editions of the Women’s World Cup in the United States, world soccer’s governing body said on Friday. FIFA said the Women’s World Cup will be the first competition to be acquired in full by Netflix and U.S.-based fans…
By David Shepardson WASHINGTON (Reuters) -The U.S. Commerce Department said on Friday it was finalizing an award of up to $4.745 billion to South Korea’s Samsung Electronics and up to $1.61 billion for Texas Instruments to expand chips production. The Samsung award is about $1.7 billion smaller than the preliminary award announced in April of…
(Reuters) – Credit ratings agency Fitch on Friday upgraded Sri Lanka’s long-term foreign-currency default rating to ‘CCC+’ from ‘restricted default’ (RD) following approval by creditors of the country’s $12.55 billion debt overhaul earlier this week. The island nation’s bondholders overwhelmingly signed off on the government’s proposal to restructure international bonds, a much-needed step in its…
