McCourt Eyes TikTok US Operations | BoJ Raises Interest Rates To Highest In 17 Yrs

Billionaire Frank McCourt has expressed openness to partnering with other buyers for a bid to acquire TikTok's U.S. operations. Speaking at the World Economic Forum in Davos, McCourt emphasised that while financing is not a challenge, maintaining control of the asset is crucial. He revealed that private equity firms and family offices have offered funding options but noted that the next move depends on TikTok's parent company ByteDance and the Chinese government. This comes as President Trump recently delayed enforcement of a ban on the app by 75 days. In another development, the Bank of Japan has raised interest rates to 0.5%, its highest level in 17 years, signalling confidence in stable inflation and wage growth. The move comes amid heightened global economic vigilance following U.S. President Trump's inauguration and reflects Japan's ongoing recovery from decades of deflation. Watch The World Report for the latest updates.