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Former Trump official Steve Mnuchin puts forward plan to buy TikTok app

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[File pic] Former United States Treasury Secretary Steve Mnuchin has yet to release full details of his TikTok acquisition plan (Aljazeera)

Former United States Treasury Secretary Steve Mnuchin has announced plans to rally investors in the hopes of buying the popular video-sharing app TikTok.

The announcement comes after the House of Representatives passed a Bill on Wednesday that seeks to ban the app unless its China-based parent company ByteDance divests from its US operations amid national security concerns. The Senate, however, has yet to schedule a vote on the bill.

Mnuchin, an investment banker who served under former US President Donald Trump from 2017 to 2021, shared his plans for TikTok on the CNBC business programme Squawk Box on Thursday. As of yet, however, ByteDance has not indicated any intention of selling the app.

“It’s a great business, and I’m going to put together a group to buy TikTok,” Mnuchin explained.  “This should be owned by US businesses. There’s no way that the Chinese would ever let a US company own something like this in China.”

Mnuchin did not provide further details about his efforts, including which investors might be involved in his bid to acquire the app.

But his plans would not be the first attempt to transfer control of TikTok to US hands. In 2020, then-President Trump threw his support behind a proposed deal that would see the app acquired by the tech company Oracle and the retailer Walmart, to form a US-based enterprise.

Legislators in the US have long argued that the widespread use of TikTok constitutes a security threat, given that the app boasts 170 million American users. They fear users’ data could be passed to the Chinese government as intelligence.

Efforts to curtail TikTok’s expansion in the US got a boost on Wednesday, with the House’s vote on a possible TikTok ban. The bill passed by a lopsided margin, with 352 votes in favour and 65 against.  US President Joe Biden, a Democrat, has said he plans to sign the bill into law if it reaches his desk. Its prospects in the Senate, however, are unclear.

ByteDance, however, has repeatedly dismissed US national security concerns, arguing there is no basis for the allegations that it would send user data to the Chinese government. Company spokesperson Alex Haurek denounced the bill’s passage in the House on Wednesday, calling it the product of unfounded concerns.

“This process was secret, and the bill was jammed through for one reason: It’s a ban,” Haurek said.

Civil liberties groups like the American Civil Liberties Union (ACLU) have also raised concerns that banning TikTok would violate freedom of expression.

“The House of Representatives just passed a bill that would effectively ban TikTok in the United States, violating the free speech rights of millions of Americans who use the platform daily to communicate and stay informed,” the ACLU said in a social media post on Wednesday.

(Aljazeera)



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At least 12 dead in Honduras plane crash

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[pic BBC]

At least 12 people have been killed after a plane crashed off the Caribbean coast of Honduras on Monday evening, officials said.

The aircraft – operated by Honduran airline Lanhsa – crashed into the sea within a minute of take-off from the island of Roatán.

The Honduran national police and fire department separately said five people had been rescued, while one person is yet to be found.

The cause of the crash is not yet known, but Roatán’s mayor told local media it wasn’t because of the weather, which was normal. The Honduran Civil Aeronautics Agency said an investigation was under way.

The Jetstream 32 aircraft had taken off from the island’s Juan Manuel Gálvez International Airport at 18:18 local time (00:18 GMT on Tuesday), and was bound for Golosón International Airport in La Ceiba on the Honduran mainland.

Civil aviation official Carlos Padilla said, quoted by AFP news agency, that the plane “made a sharp turn to the right of the runway and fell into the water”.

In a statement on social media, the government expressed “solidarity” with the families of the victims.

“The Government of Honduras deeply regrets the tragic accident in Roatán and joins in the national mourning,” it added.

Following the crash, Honduran President Xiomara Castro “immediately activated” the country’s emergency committee, comprised of all emergency services including the military, police, fire department, Red Cross and the Ministry of Health.

Writing on X, she said the committee team was “working tirelessly” to provide assistance.

“May God protect people’s lives,” Castro added.

Videos shared by officials on social media showed rescue teams working in darkness along a rocky coastline, with small boats and stretchers.

In a post on X accompanied by photos, the Honduran armed forces said survivors with injuries were taken to a hospital in the city of San Pedro Sula by air force planes.

According to local media reports, among the dead was well-known Honduran musician Aurelio Martinez Suazo.

Suazo was a member of the Garifuna, a people of mixed indigenous and Afro-Caribbean descent originating from the island of St Vincent which has a distinct musical style.

[BBC]

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Harvard offers free tuition to families earning less than $200,000

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The school is one of several elite institutions that have tried to expand financial aid as the cost of college soars [BBC]

Harvard University has announced that it is making tuition free for families who earn less than $200,000 (£154,000) a year.

For families earning less than $100,000, Harvard will also cover expenses like housing and health insurance.

The move is aimed at making Harvard more affordable for middle-income families, and it comes as the Trump administration targets university funding as a part of a crackdown on diversity equity and inclusion (DEI) practices.

“Putting Harvard within financial reach for more individuals widens the array of backgrounds, experiences, and perspectives that all of our students encounter, fostering their intellectual and personal growth,” said Harvard President Alan Garber.

The policy – which will begin in the 2025 to 2026 academic year – will help “make a Harvard College education possible for every admitted student”, Garber added.

The Ivy League school said the move will allow roughly 86% of US families to qualify for Harvard’s financial aid.

The median household income in the US was $80,000 in 2023, according to the US Census.

A number of elite universities in the US have taken similar steps in recent years, including the University of Pennsylvania and The Massachusetts Institute of Technology, which also have free tuition for families making less than $200,000.

Harvard had previously made all university costs, including housing and medical care, free for families with incomes under $85,000.

The average price of a private university in the US for those living on campus is $58,000 per academic year, according to the Education Data Initiative. The average cost of college has more than doubled since 2001, the research group found.

The financial aid expansions come as the Trump administration has threatened to pull funding from universities over diversity, equity and inclusion initiatives, research and coursework that they allege is a form of racial discrimination.

Under Trump, the Department of Education has said it is investigating 52 universities across the country for alleged “racial preferences and stereotypes in education programs and activities” as Trump attempts to get rid of DEI programmes.

The Trump administration has already pulled $400m in grants and contracts from Columbia University, alleging the Ivy League school failed to prevent antisemitism on campus as protests grew over Israel’s war in Gaza.

Last year, the US Supreme Court voted to overturn affirmative action. The practice favoured individuals in disadvantaged groups to help eliminate discrimination against marginalised applicants during the enrollment process and increase diversity among students.

Universities across the US have reported a decline in racial diversity since the court’s decision.

[BBC]

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Canada’s Carney makes statement by choosing Europe, not US, for first foreign trip

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Mark Carney and his wife Diana Fox Carney arrived in Paris on Monday morning for the first part of their visit [BBC]

Two European politicians, dressed symbolically in red and white, sent a message last week to Canada on social media declaring “we’ve got your back”.

Also signalling support was King Charles, who planted a red maple tree on the grounds of Buckingham Palace and wore his Canadian medals during a high-profile visit to a naval warship.

Canada’s new Prime Minister Mark Carney has arrived in Paris before heading to London on Monday – a day after his 60th birthday – for his first foreign visit hoping to achieve more than symbolic encouragement. He wants solid support from allies.

Not only is Canada being targeted, like Europe, by a raft of swingeing US tariffs, but Donald Trump is making it clear he wants to take over his northern neighbour.

“We appreciate all the symbolic gestures but we need more public backing,” a Canadian official told me in a voice which underlined the nervous disbelief shared by most Canadians – Trump is not joking when he calls Canada the United States’s “51st state”.

The official messaging from Ottawa about Carney’s trip underlines his priorities – finance and fortifying security – a natural fit for the economist who headed the central banks in both Canada and the UK. A statement from his office said his visit is meant “to strengthen two of our closest and longest-standing economic and security partnerships”.

His itinerary is full of great symbolism too.

Carney revealed it on Friday during his first speech as prime minister when he hearkened back – with a shiny polish – to the origins of this former colony. He hailed “the wonder of a country built on the bedrock of three peoples: indigenous, French and British”.

So there’s a third destination on this whistle-stop tour – Iqaluit, the capital of Canada’s northernmost territory of Nunavut and homeland of its Inuit people. That stop, the statement emphasised, was to “reaffirm Canada’s Arctic security and sovereignty”.

Getty Images A road in Iqaluit that shows several buildings, various cars on the road, lots of power poles and somewhat light snow on the ground.
Iqaluit, in the northernmost territory of Nunavut, is a focal point for Arctic security [BBC]

Spectacular Arctic and northern terrain makes up 40% of the land mass of the world’s second largest country. Protecting it is a critical Canadian concern in the midst of intensifying rivalry among world powers in the Arctic region, which has drawn in the US, Russia, China and more; it’s the cold war of all cold wars.

And there’s a personal twist. Carney was born in the small town of Fort Smith in the Northwest Territories, which lies next to Nunavut.

His schedule underlines that he also needs to be a quick study in a new skill – retail politics. A federal election, which has to be held by October, is expected to be called very soon. Carney needs to prove that he can engage with voters, in English and French, as naturally as he does with bankers and finance bosses.

And he needs a proper political mandate. He secured a whopping 86% of the vote when his Liberal Party chose to replace Justin Trudeau, who stepped down as [rime minister amid growing calls to resign from his own party after a decade at the top.

But Carney doesn’t have a seat in parliament; he still doesn’t have the vote of Canadians.

His Liberal party has just experienced a dramatic reversal, a “Trump bump” as well as a Trudeau one. The party which seemed certain to lose, and lose badly, is now tied with its main Conservative rivals in the polls.

Looking like a world leader, and understanding the world of tariffs and trade, is a good look when you are running for high office in the dark shadow of an external threat.

“I think part of the purpose of Mark Carney’s trip to Europe is to show that he can talk internationally to other like-minded powers at this very important moment,” reflects the eminent Canadian historian Margaret MacMillan.

Back home, voters will decide if that is what counts.

Carney is certain to talk Trump tactics, in private, with France’s President Emmanuel Macron and Britain’s Prime Minister Sir Keir Starmer. They’ve both taken great pains to flatter the US president in public, and press their case behind closed doors.

Many will be watching to see how Trump addresses Mark Carney – he recently referred to Canada’s former prime minister as “Governor Trudeau”.

Canada’s new top talker has been talking tough.

A week ago, when Carney won his party’s leadership contest, he invoked Canada’s national sport, ice hockey, which has long been locked in rivalry with US teams. “Canadians are always ready when someone else drops the gloves,” Carney declared to rousing applause.

“Make no mistake, Canada will win.”

But everyone knows this is no game. Carney described this escalating trade war as “the greatest crisis of our lifetime”. More than 80% of Canada’s exports cross the border to the US.

And while there have been a few reports of Canadians flying the US flag, a recent poll by the Angus Reid Institute underlined that a thumping 91% of Canadians reject becoming the 51st state.

On Friday, in Ottawa’s icy cold weather, Carney struck a warmer tone, highlighting how he and Trump share a background in business, including real estate.

“The president is a successful businessperson and dealmaker. We are his largest client in so many industries,” he remarked. “Clients expect respect and working together in a proper commercial way.”

Carney says he “looks forward” to speaking with President Trump. But the fact it will be a call, not a visit, is a measure of this moment. Traditionally, the first foreign visit of a Canadian leader is to the US – its closest neighbour and most trusted partner.

[BBC]

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