ByteDance is considering scouting for a global headquarters outside of China for TikTok, its hugely successful video-sharing app, the Wall Street Journal reported. The potential move appears aimed at countering TikTok’s image as a Chinese company. ByteDance’s acquisition of the app in 2017, when it was known as Musical.ly, has raised concern among regulators in Washington, D.C. The Committee on...
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The Electric electric vehicles
The Electric: Western Auto and Battery Makers’ Big Gamble on Indonesian Nickel
For much of the last century, metals companies have made stainless steel from nickel mined in Russia or the Philippines and smelted at temperatures up to 2,900 degrees. But demand for nickel is outstripping supplies because the metal is a key component in most electric vehicle batteries. So metals producers have turned to a new supplier—Indonesia, which possesses vast reserves of a previously...
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