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Application of Chinese law
Some people do not really like the idea of China being able to unilaterally apply the terms of the future trade agreement that may be imminent with US companies. This capacity (which the United States would also have) seems to be part of the contract, even if the details are scarce. By Bloomberg"Lobbyists … complain about not being consulted by the administration and fear that once the agreement is announced, US companies will be forced to accept it as a fait accompli." Bloomberg
Brexit effect
What does Brexit have to do with a country on the other side of the world, like South Africa? This is the car industry: South Africa exports cars to the EU and the UK, and the EU applies more tariffs to incoming cars using fewer European components. If the UK leaves the EU in a haphazard way, cars built in South Africa with British components and exported to Europe will therefore attract more rights, which will make the southern auto industry -African less competitive. Trade is complicated, is not it? Daily Maverick
Facebook Policy
Facebook has made a rather perverse decision that might further upset European lawmakers. As part of its attempt to crack down on foreign elections, Facebook does not allow cross-border advertising campaigns for the upcoming European elections, which are by definition cross-border elections. The European Commission, the Parliament and the EU Council all complained, but to no avail. politico
PlayStation 5
Sony is finally talking about the new generation of its PlayStation console, which will be faster and sounds better, and will not show up this year. It will also offer backward compatibility for PlayStation 4 games and will feature a disk drive, which is beginning to appear to be a pretty dated feature at the dawn of the streaming era – but does not have the same kind of support. remember that not everyone has a good internet connection. Fortune
This edition of CEO Daily has been edited by David Meyer. Find previous editions here, and sign up here for other Fortune newsletters.
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