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Larry Ellison, media mogul

Oracle has held preliminary talks with ByteDance on a potential bid for part of TikTok’s business, seeking to rival a competing bid by Microsoft, the Financial Times reported.

The Trump administration announced on Monday it will further tighten restrictions on Huawei Technologies, aimed at cracking down on its access to commercially available chips.

British Prime Minister David Cameron has stated that the UK government will look at “switching off” some forms of encryption in order to make society safer from terror attacks. This might make a grand statement