TikTok said it plans to file a lawsuit against U.S. President Donald Trump's executive order that prohibits transactions with the popular short video app and its Chinese parent ByteDance.
Reuters exclusively reported on Friday that TikTok would challenge Trump's executive order as early as Monday.
TikTok in a statement said that it had tried to engage with the U.S. administration for nearly a year, but faced 'a lack of due process' and that the government paid no attention to the facts.
"To ensure that the rule of law is not discarded and that our company and users are treated fairly, we have no choice but to challenge the executive order through the judicial system," the company spokesperson said.
Trump issued an executive order on August 14 that gave ByteDance 90 days to divest the U.S. operations of TikTok.
ByteDance has been making progress in talks with potential acquirers, including Microsoft Corp and Oracle. Some of ByteDance's U.S. investors could also join the winning bid.
While TikTok is best known for its anodyne videos of people dancing and going viral among teenagers, U.S. officials have expressed concerns that information on users could be passed on to China's government.
After 55 years in the travel retail industry and 41 at the helm of Dubai Duty Free (DDF), Colm McLoughlin, Executive Vice Chairman & CEO has announced that he is stepping down from his role on May 31, 2024.
His Highness Sheikh Ahmed bin Saeed Al Maktoum, President of Dubai Civil Aviation Authority (DCAA), Chairman of Dubai Airports, and Chairman and Chief Executive of Emirates Airline and Group, says he expects passenger traffic at Dubai International Airport to exceed 90 million by the end of this year.
Apple on Tuesday introduced a new chip called the M4 that it said would outclass personal computers designed for artificial intelligence - but put the new chip in an iPad Pro model rather than a laptop.