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Tesla reveals new data storage site in China despite privacy worries

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Tesla data will be stored in China

Tesla says its new facility will be to store car data locally in China

Elon Musk’s Tesla has revealed a new facility in China that will locally store data from Tesla vehicles. The company says that data generated by all cars it sells in the country would be stored locally.

The company led by billionaire Elon Musk is manufacturing Model 3 sedans and Model Y sport-utility vehicles in China.

Tesla added it would expand its data centre network in China. The company’s shares were last down 0.7%.

Growing scrutiny over how China handles information collected by vehicle cameras and sensors

China is the world’s biggest car market, and Tesla’s second-biggest customer.

The country says it’s in the process of drafting rules to safeguard the security of data generated by connected vehicles.

According to Reuters, Chinese government officials told some employees to not park their Teslas inside government compounds due to security concerns.

Tesla crash injures Chinese police officers

This comes after a collision involving a Tesla injured two police officers in China.

The EV company pledged to work with authorities to investigate the matter.

The California-based company also says it made a report to a government agency about the accident, which occurred in the eastern city of TIE-JOO.

Local authorities say the driver was detained for questioning.

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Warner Brothers & Discovery considers splitting up to boost stock value

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Warner Bros Discovery is considering a strategic breakup to enhance its stock performance, according to a Financial Times report.

The potential move aims to unlock value by separating its media assets from its reality TV and lifestyle businesses.

This decision follows pressure from investors to improve stock performance, amidst challenges in the media industry #featured #trending

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Investors worldwide grow increasingly optimistic about Trump winning the election

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Investors are increasingly optimistic about Donald Trump’s potential re-election, prompting a resurgence in the so-called ‘Trump trade’.

Market participants are closely monitoring Trump’s political strategies and public sentiment, influencing their investment decisions.

Kyle Rodda from Captial.com joins to discuss all the latest.

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Netflix expands use of ads despite slow subscriber growth

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Netflix is intensifying its efforts to introduce an ad-supported tier amidst a plateau in subscriber growth.

The streaming giant hopes to attract new users and boost revenue by offering a cheaper alternative that includes advertisements.

This move marks a significant shift from its traditional ad-free model, reflecting Netflix’s response to competitive pressures and evolving consumer preferences.

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