The deal will pave the way to US ownership of the social media platform's American operations, according to the US treasury secretary.

Trump says talks in Madrid went ‘VERY WELL’, with a potential deal on TikTok, but Beijing’s antitrust action against Nvidia injects a sour note.

The "framework" deal with China is "between two private parties, but the commercial terms have been agreed upon," CNBC quoted Bessent as saying on the sidelines of a meeting…