US President Donald Trump has signed an executive order banning transactions with eight Chinese software applications, escalating tensions with Beijing before President-elect Joe Biden takes office.
The order, first reported by Reuters, tasks the Commerce Department with defining which transactions will be banned under the directive and targets Ant Group's Alipay, Tencent Holdings Ltd's QQ Wallet and WeChat pay as well.
The move is aimed at curbing the threat to Americans posed by Chinese software applications, which have large user bases and access to sensitive data, the official said.
Kuwait plans to boost oil output to 2 million bpd in a week
UAE citizens, residents can now invest in government sukuk from AED 1,000
Emirates offers travel insurance with conflict-cover, free extension
DXB aims for 85% operation recovery by end of 2026
Microsoft sued by shareholders over expenses, cloud business, AI
