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US Congress passing a bill affecting TikTok's future, Netanyahu's emergency war-time budget approved, the cost of Israel's ongoing war, and the art market buzzing at Maastricht Fair.
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- US legislation may force TikTok to sell to non-Chinese owners due to concerns about data privacy and Chinese government influence.
- Ongoing war with Gaza resulted in a 20% economic contraction in Israel, impacting sectors like construction, agriculture, and tourism.
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TikTok Faces Political Challenges in the US
A recent bill passed by the US House of Representatives aims to bar distribution of foreign adversary-controlled applications like TikTok. The legislation could force TikTok to sell to a non-Chinese owner. Concerns about data privacy and the potential use of TikTok for propaganda by the Chinese government have fueled this move, raising questions about the app's future in the US.
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Listen to the best highlights from the podcasts you love and dive into the full episode