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World stocks fall after Donald Trump bans U.S. transactions with WeChat and Tiktok

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World stocks fall after Donald Trump bans U.S. transactions with WeChat and?Tiktok

Amid increased tensions between the US and China, global stocks ended four days of gains on Friday after U.S. President Donald Trump ordered the banning of U.S. transactions with two popular Chinese apps, Tencent’s WeChat and ByteDance’s Tiktok. 

Tencent Holdings Ltd owns the popular WeChat app, while ByteDance is the owner of TikTok.


The executive order by Trump will be effective in 45 days and comes after the Trump administration said this week it was stepping up efforts to purge “untrusted” Chinese apps from U.S. digital space.

Just before 6 a.m. ET, Britain’s FTSE 100 fell 0.22 per cent. Germany’s DAX and France’s CAC 40 fell 0.33 per cent and 0.64 per cent, respectively. 

In Asia, Japan’s Nikkei ended down 0.39 per cent. Hong Kong’s Hang Seng fell 1.6 per cent. New York futures were lower. The Canadian dollar was trading at 74.84 US cents.

Shares of other U.S.-listed Chinese companies backed by Tencent, including JD.com, Huya Inc and Nio Inc fell between 0.5% and 3.8% on Friday.

China’s foreign ministry has responded to Trump’s action, saying it would defend the interests of Chinese businesses and warned that the United States would have to “bear the consequences” of its action.

Tencent has invested in several Chinese, American and European companies, including Tesla Inc and “Call of Duty” creator Activision Blizzard Inc.

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Chowopa wants to change the way we order meals!

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At 17 Anthony was building WordPress websites for people, months before he launched a marketplace where vendors meet prospective buys, fast forward to now, still building but in a much more mature way! Anthony was like starting that early made me face some challenges that were abit above my age but learnt, and I’m using that to build better now!On a cold night in August 2021, after coding all day Anthony was hungry, but couldn’t get a place to order food, nobody was willing to make the runs, he went to bed hungry, the next day he had to leave the comfort of his off campus hostel to get a meal, a walk he saw as a big waste of time.

After a Friday lecture, Anthony was talking to himself “Omo another day to start looking for restaurant” when a friend said it out loud, the topic unexpectedly lead to a loud conversation with everyone recommending a restaurant some are too far , some expensive some are sold out, this was a wake up call to Anthony who went ahead to start building Chowopa that weekend! The rest they say is history.Chowopa (a subsidiary forMaax’s store) is an online fooddelivery service that connects youto restaurants around your location bringing the best mealswithin your reach. The software makes it Pretty easy you gain access to various cuisinesthrough Chowopa platform.order for the food of yourchoice and get it delivered toYou on payment.

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A tech school, FinRik Institute of Technology is launching in Port Harcourt

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The epic change in the way we live in the last 60 years can be credited to tech and has it stands, the influence of technology in the way we live is not stopping, the demand for software engineers is expected to grow by 22% between 2020 and 2030, according to a report by the U.S Bureau of Labor statistics, the top ten largest companies in the world are dominated by tech companies.Despite the loads of negatives that the COVID pandemic brought with it, it gave remote work a much needed validation, and one would be disillusioned to say the high rate of migration of software engineers in recent month has being at a peak, most leaving local tech companies for much bigger ones, yes! This move comes with alot of perks, it’s safe to say we have a shortage of talent in Africa! That is what FinRik Institute of Technology is trying to solve, according to the firm’s crunchbase, bio it stated clearly “FinRik Institute of Technology is an Offline Tech Shool for acquiring in-demand tech skills with a supportive community to help people find their bearing in tech with the numerous opportunities it brings.”

Despite engineers leaving in droves, new tech startups keep springing up daily, with a lot of people ready to get on the ship but as low as the barrier of entry of tech is, there is no real pathway to help usher in newbies that just pivoted to the industry, a problem FIT Port Harcourt aim to solve, by making sure newbies become market ready in less than 12 months. The school’s programme will commence by April and according to their website, they have five faculties, School of software engineering, School of product, Robotics and game development, School of Design, School of Data engineering.

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Seguntuyi is instilling confidence in men, helping them maximize their potential with undaunting boldness, a thread at a time with HouseofTuyi

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For Onakoya Seguntuyi, creating is not what you wake up and start doing, it’s must be a major part of you, your persona, a major factor in how you process your thought, those were the opening remark of Seguntuyi, creative director of House of Tuyi on a gloomy afternoon, in a restaurant in Lagos the, commercial capital of Nigeria, he was trying to teach an upstart via a phone call on why it’s not just about sewing nice clothes while I look on, learning while preparing for my discussion with him.Two years before House of Tuyi, Segun has being skimming, following Kim Jones, late Virgil Abloh, Lisa Folawiyo closely, he was like I spend all my time following Paris fashion week to perusing Hiesnobiety, just to expand my scope with street fashion, while I was studying what Orange culture was doing, I wanted to build a brand that sews high-end exclusive street inspired cloth without losing touch with my targeted audience, it can’t be too high end nor look like a street wear, then I decided to start House of Tuyi in 2019, made lots of mistake along the way, pivoted from different business model until I got a suitable one and we have being growing since then.

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I queried further, asides making cloths what challenges did he face, he laughed out loud then continued “Omo I won’t lie, I used to think it was all fashion until I realized that even fashion is a business so I had to level up with the business side of things, learnt editing also, but here we are growing”Onakoya Seguntuyi is a graduated of Agricultural economics and extension from Joseph Ayo Babalola University.

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