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Posts published in “Business”

US and China reach deal to transfer TikTok ownership, trade officials say

Framework deal is breakthrough in long-running dispute over app’s ownership amid security concerns in Washington Jamieson Greer, a US trade representative, said on Monday that Washington and Beijing have struck a framework agreement on transferring TikTok to US-controlled ownership. Speaking after emerging from negotiations with Chinese officials, Scott Bessent said the deal was coming but declined to reveal the commercial terms. “We have a framework for a TikTok deal,” the treasury secretary told reporters after coming out of high-level talks in Madrid. “We’re not going to talk about the commercial…

Replica grotto brings ancient art back to life

At the seventh Silk Road (Dunhuang) International Cultural Expo, Gansu province revealed a restored version of Cave 57 from the Mogao Grottoes, brought to life through advanced three-dimensional reconstruction technology. The restoration is so precise that it replicates the caves’ original structure and size, mural colors and textures, and the artistic charm of its sculptures, making it almost indistinguishable from the original. Also, the province’s Digital Dunhuang initiative has made significant strides. The Digital Library Cave database platform now includes more than 74,000 entries — featuring a vast array of…