US and China Strike Tentative Deal on Tiktoks Future

US and China Strike Tentative Deal on Tiktoks Future

The Ministry of Commerce announced a preliminary framework agreement between China and the US regarding TikTok's US operations. This involves establishing a new joint venture responsible for data security and content management, while ByteDance retains control over commercial operations. China urges the US to provide a fair business environment and promote the stable development of China-US economic and trade relations. This move aims to address US concerns about data security while allowing TikTok to continue operating in the US market under a restructured framework.

01/15/2026 Customs Knowledge
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Geopolitical Shifts Drive Air Cargo Market Growth Amid Capacity Strains

Geopolitical Shifts Drive Air Cargo Market Growth Amid Capacity Strains

Kuehne+Nagel forecasts a 3% growth in the international air freight market over the next three years, driven primarily by sectors like aerospace, perishables, and pharmaceuticals. Shifting geopolitical and trade landscapes will also present opportunities. However, capacity constraints and aging fleets pose challenges. K+N plans to maintain its leading position through targeted investments in specific industries, expanding its charter network, and strategic acquisitions. Increased industry competition requires companies to seize opportunities and address the challenges effectively.

11/03/2025 Logistics
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Lithuanias Bank Clarifies SWIFTBIC Code Usage

Lithuanias Bank Clarifies SWIFTBIC Code Usage

This article explores the importance of the SWIFT/BIC code LIABLT2XXXX for LIETUVOS BANKAS. It provides a detailed analysis of the code's composition and significance, as well as the potential consequences of using an incorrect SWIFT code. The article guides readers on best practices to ensure the safety and effectiveness of funds during international remittances.

08/13/2025 International Settlement
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