TikTok founder’s $60 billion fortune places him among the world’s richest people

Beijing: Just last year, the world’s most valuable startup, ByteDance Ltd., was being squeezed from all sides. The Trump administration wanted the Chinese firm, which owns the ubiquitous TikTok video-sharing platform, to get rid of assets. Beijing was cracking down on tech businesses, and India had blacklisted some of its social-media apps. For all the […]

Foreign firms vie to rebuild ravaged Beirut port

Beirut:  Eight months after a massive blast ripped through Beirut port and nearby districts of the Lebanese capital, a host of foreign companies with different national interests are competing to rebuild it. “Everyone has their eyes on the port: the Russians, the Chinese, the Turks, the French and now the Germans,” interim port director Bassem […]