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A US federal court has upheld legislation requiring Chinese tech giant ByteDance to relinquish ownership of the popular social media platform TikTok in the US by early next year or face a nationwide ban. The ruling marks a significant victory for the Justice Department and critics of TikTok, who have long expressed concern about the app's ties to China. However, the decision constitutes a major setback for ByteDance as it now faces the possibility of losing access to the app's 170 million US users. The ruling raises the likelihood of an unprecedented ban on a social networking app widely used…

Japanese automakers Nissan Motor and Honda Motor are reportedly discussing a potential merger The Nikkei newspaper. The move, which could reshape the global automotive landscape, aims to improve their ability to compete in an industry that is rapidly shifting towards electric vehicles, autonomous technology and intensifying competition from Chinese automakers and Tesla . The report suggests that the two companies are considering operating under a holding company, with plans to formalize their intentions through a memorandum of understanding in the near future. Additionally, the potential merger could bring Mitsubishi Motors, in which Nissan holds a 24% stake, under the same…

TikTok has formally asked the U.S. Supreme Court to review a federal appeals court decision that upheld legislation potentially banning the app in the United States. The controversial law, backed by President Joe Biden's administration, requires the popular social media platform to sever ties with its China-based parent company, ByteDance, or face a nationwide ban. The legal documents, filed Monday, come on the heels of a ruling by a three-judge panel of the same appeals court. Last week the committee sided with the government, saying the law requiring TikTok's divestment from ByteDance is constitutional. According to the document, if the…