Breaking news

Trump Intervenes To Bring TikTok Back To The U.S.

by THEFUTURE.TEAM

January 20, 2025

TikTok began restoring access for U.S. users on Sunday, following a pledge by President-elect Donald Trump to reinstate the platform’s operations as he prepared to take office. Speaking at a rally before his inauguration, Trump emphasized the importance of the app’s return, stating, “Frankly, we have no choice. We have to save it.” He also hinted at plans for a joint venture to secure TikTok’s presence, a platform used by 170 million Americans.

Hours before the rally, TikTok informed its users about the positive developments, attributing the app’s revival to Trump’s efforts. “Thanks to President Trump’s leadership, TikTok is back for U.S. users,” read the company’s message. While some users regained access to limited services on the app, the full platform remained unavailable for download on app stores as of late Sunday.

Follow THE FUTURE on LinkedIn, Facebook, Instagram, X and Telegram

TikTok acknowledged ongoing efforts with service providers to restore operations fully. In a statement, the company expressed gratitude to Trump for ensuring clarity and protection for its service providers. This assurance, TikTok noted, was crucial in allowing its operations to continue without legal risks. The platform also highlighted its role in supporting over 7 million small businesses across the U.S.

Tensions Amid U.S.-China Relations

TikTok’s revival comes against the backdrop of strained ties between the U.S. and China. While Trump has indicated plans to impose tariffs on China, he also expressed interest in fostering direct communication with the Chinese leadership. Addressing the matter, China’s foreign ministry stated its hope for a fair and open business environment in the U.S. for international companies like TikTok.

TikTok had gone offline for U.S. users late Saturday following the implementation of a law banning its operations over national security concerns. Officials cited fears that user data could be accessed by ByteDance, the app’s Chinese parent company, and misused. In response, Trump announced plans to delay the enforcement of the law, creating an opportunity to negotiate a deal ensuring national security.

On his social platform, Truth Social, Trump suggested the U.S. take a 50% ownership stake in a joint venture overseeing TikTok’s U.S. operations. He also assured companies supporting the app’s continued availability that they would face no legal liabilities.

Divided Opinions On TikTok’s Return

Trump’s intervention marks a notable shift from his earlier stance during his first term in office when he sought to ban TikTok entirely over privacy concerns. In contrast, he now credits the app for helping him connect with young voters during the 2024 presidential election. However, not all members of Trump’s Republican Party agree with his actions. Senators Tom Cotton and Pete Ricketts have criticized the move, stating that only a complete severance of ties between ByteDance and the Chinese government would satisfy legal requirements.

The law passed by Congress grants the U.S. government the authority to ban or require divestitures of Chinese-owned apps, a move that has already affected other ByteDance properties like CapCut and Lemon8, which were also removed from U.S. app stores.

A “Hair On Fire” Moment For Businesses

The temporary shutdown of TikTok sent shockwaves across industries reliant on the platform. Marketing agencies scrambled to develop contingency plans, with one executive describing the situation as a “hair on fire” crisis. Meanwhile, U.S. users flocked to VPN searches, hoping to bypass restrictions, and e-commerce sellers worried about delayed transactions on TikTok Shop.

During the turmoil, TikTok CEO Shou Zi Chew is expected to attend Trump’s inauguration and a rally, signalling the company’s support for the deal. Meanwhile, interest in TikTok’s U.S. operations is growing, with names like Elon Musk and former Los Angeles Dodgers owner Frank McCourt reportedly exploring acquisition opportunities. A U.S. tech startup, Perplexity AI, has also submitted a proposal to merge with TikTok’s U.S. branch and create a new entity involving other partners.

Despite the upheaval, TikTok’s path forward may cement its place as a dominant social media platform in the U.S., backed by President Trump’s evolving approach to its operations and the broader landscape of U.S.-China tech relations.

The Future Forbes Realty Global Properties

Cyprus Permit Delays Can Add €61,000 To The Cost Of A New Home

by THEFUTURE.TEAM

August 25, 2026

Housing affordability in Cyprus is being affected not only by property prices, construction costs and interest rates, but also by delays in securing planning and building permits. For developers, years of waiting can add millions of euros to project costs and tens of thousands of euros to the price of an individual home.

Property Prices And Rents Continue To Rise

House prices in Cyprus rose 3.4% year on year in the first quarter of 2026, according to Eurostat, leaving prices about 50% above their 2015 level. Rents have also continued to increase, with the Cyprus Statistical Service reporting annual growth accelerating from 2.5% in January to 4.5% in April.

Follow THE FUTURE on LinkedIn, Facebook, Instagram, X and Telegram

Strong demand and limited supply are adding pressure to both markets. Delays earlier in the development cycle can further restrict the number of homes reaching the market.

Four-Year Delay Adds €6.3 Million To Project Costs

A recent analysis by Yiannis Misirlis, chairman of the Cyprus Land and Building Developers Association, illustrates the financial impact. The example involves a 125-apartment project with €7 million allocated to land and an estimated €25 million for construction, bringing the initial cost to €32 million.

If permits are secured within six months, the average sale price would be about €307,000 per apartment. A four-year permitting delay, however, would add about €1.7 million in financing costs tied to the land, €800,000 in additional overheads and €3.8 million from construction cost inflation.

Combined, those costs would add about €6.3 million to the project without increasing the developer’s profit. The average apartment price would rise to about €368,000, adding roughly €61,000 to each unit.

Delays Also Affect Rental Supply

Higher development costs can affect renters as well as buyers. When projects are delayed, fewer homes enter the market over a given period, limiting supply while demand continues to grow.

Build-to-rent projects face the same pressures from land costs, financing, overheads and construction inflation. Developers may ultimately pass some of those additional costs through to rents.

Government Moves To Increase Housing Supply

Reducing permitting times would not require weaker planning controls or construction standards. More predictable approval timelines would instead allow developers and investors to plan projects with greater certainty and reduce the costs associated with prolonged delays.

The Ministry of Interior has introduced planning incentives and additional building coefficients that are expected to support the construction of more than 2,500 homes over the next two years. The measures are intended to increase housing supply in a market where demand remains strong.

Permitting Delays Have A Direct Financial Cost

For developers, longer approval periods increase financing and overhead costs while exposing projects to higher construction prices. Those costs can ultimately affect sale prices, rents and the number of homes that reach the market.

Cyprus’ housing affordability challenge therefore extends beyond land and construction costs. The time required to move a project from planning to construction can also determine how much buyers and renters eventually pay.