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Blackstone has withdrawn from the consortium seeking to invest in TikTok's U.S. operations amid uncertainty and delays in the deal, which is now entangled in U.S.-China trade talks. The consortium, led by Susquehanna International Group and General Atlantic, aimed for U.S. investors to own 80% of TikTok.
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News and Media
In Doha, the Democratic Republic of Congo and the M23 rebels committed to peaceful resolution, signing a declaration of principles to end their conflict. With the US special envoy present, the agreement, brokered by Qatar, sets a deadline of August 8 for commencing peace negotiations. This marks a significant step towards resolving the nearly four-year-long conflict.
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News and Media
Tesla faces a sales slump. An information technology executive, Raj Jegannathan, now leads the sales team. He replaces Troy Jones, who recently departed. Jegannathan lacks traditional sales experience. Demand for Tesla cars has decreased in Europe and North America. This is due to several factors. These include increased competition and backlash against Elon Musk's politics.
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News and Media
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