TikTok and its Chinese parent company ByteDance have filed a petition with a US court, seeking to block a law that forces them to sell the social media app to a non-Chinese buyer or face a ban. They argue the legislation is unconstitutional, setting the stage for a historic legal battle. But first, China's President Xi Jinping has arrived in Serbia on the second leg of his European tour. He expects to receive a much warmer welcome than he did in France.

Nigeria has announced plans to delist the naira from all peer-to-peer (P2P) platforms. According to the Director General of the Securities and Exchange Commission, the move is to tackle the manipulation of the local currency’s value in the foreign exchange market.

President Joe Biden on Wednesday publicly warned Israel for the first time that the U.S. would stop supplying weapons if Israeli forces make a major invasion of Rafah, a refugee-packed city in southern Gaza.