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By DAVID McHUGH and JAMEY KEATEN, Associated Press

DAVOS, Switzerland (AP) — Leading global economic policymakers at the World Economic Forum in Davos urged countries and businesses to filter out the turmoil from a week of clashes with the Trump administration and focus on boosting growth and fighting inequality in a world where trade will continue to flow and international cooperation is still badly needed.

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The global economy is showing unexpected resilience despite the noise, European Central Bank head Christine Lagarde, International Monetary Fund head Kristalina Georgieva and World Trade Organization head Ngozi Okonjo-Iweala said in a panel discussion Friday. But while growth is holding up, troubles like worrisome levels of government debt and inequality loom. read more

By KAITLYN HUAMANI, AP Technology Reporter

TikTok has finalized a deal to create a new American entity, avoiding the looming threat of a ban in the United States that has been in discussion for years on the platform now used by more than 200 million Americans.

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The social video platform company signed agreements with major investors including Oracle, Silver Lake and the Emirati investment firm MGX to form the new TikTok U.S. joint venture. The new version will operate under “defined safeguards that protect national security through comprehensive data protections, algorithm security, content moderation and software assurances for U.S. users,” the company said in a statement Thursday. American TikTok users can continue using the same app. read more

BALTIMORE (AP) — Clothing retailer Under Armour is investigating a recent data breach that purloined customers’ email addresses and other personal information, but so far there are no signs the hackers stole any passwords or financial information.

The breach is believed to have happened late last year, and affected 72 million email addresses, according to information cited by the cybersecurity website Have I Been Pwned. Some of the records taken also included personal information that included names, genders, birthdates and ZIP codes.

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In an Under Armour statement acknowledging its investigation into the claims of a data breach, the Baltimore-based company said: “We have no evidence to suggest this issue has affected UA.com or systems used to process payments or store customer passwords. Any implication that sensitive personal information of tens of millions of customers has been compromised is unfounded.” read more

KENNEDY SPACE CENTER — It was a cold morning in Florida when the last words heard by any of Space Shuttle Challenger’s crew were uttered by pilot Michael Smith.

The seven members of mission 51-L, the 25th space shuttle mission, had just lifted off from Kennedy Space Center’s Launch Pad 39-B and were climbing east over the Atlantic.

“Uh oh,” Smith said 73 seconds after liftoff, before all transmission ceased. One of Challenger’s solid rocket boosters had leaked fuel onto the external fuel tanks, causing the shuttle to break up in a massive explosion and killing all on board.

Smith and crewmates Christa McAuliffe, who would have been the first teacher in space, commander Francis R. (Dick) Scobee, Ronald E. McNair, Ellison Onizuka, Gregory Jarvis and Judith Resnick perished, marking the second major tragedy in NASA history.

It was Jan. 28, 1986, 40 years ago next week.

“It’s hard to believe it was that long ago,” said four-time astronaut and former NASA associated administrator Bob Cabana during NASA’s Day of Remembrance ceremony Thursday at KSC’s Visitor Complex. “For those of us who were around at the time, the picture of those two solid rocket motors, their plumes going off in separate directions against that clear, blue Florida sky that morning is something that’s firmly etched in our brains that we will always remember.” read more

By KEN SWEET, AP Business Writer

NEW YORK (AP) — President Donald Trump sued banking giant JPMorgan Chase and its CEO Jamie Dimon for $5 billion on Thursday over allegations that JPMorgan stopped providing banking services to him and his businesses for political reasons after he left office in January 2021.

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The lawsuit, filed in Miami-Dade County court in Florida, alleges that JPMorgan abruptly closed multiple accounts in February 2021 with just 60 days notice and no explanation. By doing so, Trump claims JPMorgan and Dimon cut the president and his businesses off from millions of dollars, disrupted their operations and forced Trump and the businesses to urgently open bank accounts elsewhere. read more