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Global Markets: Executive order against social media companies expected later today

By MarketsFarm

WINNIPEG, May 28 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally.
United States President Donald Trump is expected to announce an executive order against social media companies later today, after Twitter fact-checked an unsubstantiated tweet from the President. A draft of the order was leaked, and it intends to rein in the power of social media companies, who largely shy away from regulating the content on their websites. The President claims the websites curtail conservative voices.

China’s parliament has passed a decision to move forward with national security legislation for Hong Kong. Critics of the bill say it violates the freedoms enshrined in Hong Kong’s laws under the “one country, two systems” constitutional principal. Initially under British rule, Hong Kong became a part of China in 1997, with laws granting it considerable autonomy. U.S. President Trump has indicated that this law could mean Hong Kong could lose its special trading status with the U.S.

Protestors are calling for Minneapolis police officers to be charged following the death of George Floyd on Monday. The four officers involved in Floyd’s death were fired immediately. In a news conference on Wednesday, Minneapolis Mayor Jacob Frey agreed that Derek Chauvin, who knelt on Floyd’s neck, should face consequences. “If you had done it, or I had done it, we would be behind bars right now,” he said.

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