TikTok lives to scroll another day

This episode of World Business Express covers several key global business stories. It begins with the news that TikTok has avoided a US ban by striking a deal to sell its US assets to American investors, though the algorithm remains under ByteDance's ownership due to Chinese export controls. The discussion includes insights from a tech reporter and a content creator, as well as the financial implications for Oracle. The podcast then shifts to Japan, where the central bank has raised interest rates to a 30-year high to combat inflation, a move discussed by the Bank of Japan governor and an economist. Other topics include Maersk's partial return to the Red Sea route, a new EU funding deal for Ukraine's defense, and a French court's decision not to ban Chinese retailer Shein, instead ordering strict age verification for adult products.