(Mon) Snap removes Trump account from curated promotional section
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U.S. President Donald Trump's account will no longer be promoted on Snapchat.Parent company Snap announced the decision Wednesday, saying the president's inflammatory comments over the Minneapolis protest - made on another platform last week - made his account ineligible for the curated section of their app. In a statement, the company said, "We will not amplify voices who incite racial violence and injustice by giving them free promotion on Discover." Snap said its decision to pull the president's content from the Discover tab was made over the weekend , becoming the latest social media company to take a stance against the president - after he shared a message on Twitter and Facebook, saying "when the looting starts, the shooting starts.¡± He was referring to protests that have gripped the nation over the death of George Floyd. Twitter placed a warning label on the tweet, saying it violated its rules on glorifying violence. Though Facebook has taken no action, triggering an employee backlash against CEO Mark Zuckerberg. This week - a group of employees at the company took part in a virtual walkout to protest Zuckerberg's decision not to challenge the posts.
(Tue) Polestar ramps up battle with Tesla in China
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Tesla could face stiffer competition in the world¡¯s biggest car market. Local champions are gearing up to take it on in China. Reuters sources say luxury electric vehicle brand Polestar - owned by Chinese automaker Geely - is planning a big expansion of its sales network. Right now it has just one showroom there, in Beijing. Now 20 are planned, with most opening in the third quarter of this year. Like Tesla, it plans to sell direct to customers, not through third-party dealers. That means an upfront cost developing showrooms. But gives it more control over retail prices . Based in Sweden, Polestar is closely associated with Geely-owned Volvo. It started producing sedans earlier this year in China, and will export them to Europe and the U.S. Right now Tesla has over 50 showrooms in the country. And Polestar isn¡¯t its only competition. Rival Xpeng plans to have about 200 outlets by the end of the year. And with backing from online commerce giant Alibaba it¡¯s got the financial firepower to compete. Meanwhile China¡¯s government wants 25% of all domestic car sales to be electric vehicles by 2025. That leaves a lot to play for.
(Wed) China orders firms to stop buying U.S. farm goods
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China is striking back at the U.S. over Washington's punitive actions on Hong Kong. Sources tell Reuters Beijing has ordered state-owned firms to stop buying soybeans and pork from the U.S. Also put on hold : large volume purchases of U.S. corn and cotton. The sources said Beijing is ready to expand that list if Washington takes more action on Hong Kong. And under a worst case scenario , a source said Beijing will scrap the Phase 1 trade deal. Under that agreement signed in January, China had pledged to buy an additional $32 billion of U.S. agricultural products over two years. In the first quarter, China bought more than $1 billion worth of U.S. soybeans and nearly $700 million of pork. But tensions between the world's two largest trading partners have been escalating for months, with U.S. President Donald Trump accusing China of mismanaging the pandemic and threatening to hold Beijing to account. Then on Friday, Trump vowed to end the U.S.' preferential treatment for Hong Kong. That was in response to China's plans to impose a new national security law over the former British colony. The source said Chinese importers canceled up to 20,000 tons of American pork shipments after Trump's announcement Friday. That's equivalent to one week's worth of orders.
(Thu) NASA crew climb aboard ISS, after a 'slick' space flight
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NASA astronauts Bob Behnken and Doug Hurley on Sunday climbed aboard the International Space Station after a 19-hour flight aboard the SpaceX Crew Dragon capsule. The first time U.S. astronauts have launched from American soil since NASA's space shuttle program was terminated in 2011. The launch from Cape Canaveral, Florida was carried out one day earlier by SpaceX, the private rocket company of billionaire entrepreneur Elon Musk. The two Americans received a warm welcome from the current crew on board the ISS, after executing an hours-long critical spacecraft docking. NASA Administrator Jim Bridenstine from mission control in Houston checked in on them after their long journey. Bridenstine: "Did you get any sleep on the 19-hour flight?" Behken: "We managed to get 7 hours...The first night is always a little bit of a challenge, but the Dragon is a slick vehicle and we had good airflow so we had an excellent evening." The mission is part of NASA's commercial spacecraft program that allows U.S. companies to compete for NASA contracts to send U.S. astronauts to space and drive down costs. The weekend SpaceX launch was attended by U.S. President Donald Trump, after being scrubbed earlier in the week due to inclement weather.
(Fri) TikTok owner ByteDance side-steps China -sources
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TikTok, the latest video-sharing social media craze, and its Chinese parent ByteDance are feeling the heat as global tensions rise with China, leading the app owner to quietly shift power away from its home country, several people familiar with plans exclusively told Reuters. The most visible shift in power: The recent hiring of former Walt Disney head of Streaming Ken Mayer to head up TikTok from Los Angeles. He's also been given additional leadership roles once spearheaded in China, sources revealed. And that's not all: ByteDance has beefed up TikTok's engineering, as well as research and development operations in Silicon Valley, sources said. In addition, it has hired a person in New York to smooth over investor relations. The decision to move away from China not only impacts TikTok, which can't be viewed inside that country, but also ByteDance's other non-China properties. There is heightened scrutiny of Chinese-owned entities as the White House trades barbs with China over a number of things, including complaints over the handling of global health issues and a political crackdown on Hong Kong. And ByteDance is under a further watchful eye since the U.S. is one of TikTok's biggest markets, having grown wildly popular with American teenagers. That success has caught the attention of U.S. authorities worried about personal data collection and a potential risk to national security.