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May 16th - Despite geopolitical tensions and a flood of synthetic diamonds, Zimbabwes main state-owned diamond miner plans to produce 5 million carats of diamonds this year, up from 3.8 million carats in 2025. Douglas Zambangor, CEO of United Diamonds Zimbabwe, told lawmakers in the eastern town of Mutare that the countrys diamond industry has experienced a more severe downturn than the international market due to a series of local problems. While international rough diamond prices have fallen by 26% to 35%, Zimbabwean diamonds have plummeted from a peak of $79 per carat to $22 per carat due to product mix issues, geopolitical tensions, synthetic diamonds, market collusion, and an unfavorable sales framework. The international diamond market remains sluggish, especially for unique rough diamonds, with prices projected to range between $22 and $34 per carat by 2026. In contrast, other producers are averaging $100 per carat for high-quality rough diamonds.May 16th - According to sources, FIFA Secretary General Matthias Grafström will meet with officials from the Iranian Football Federation in Istanbul, Turkey, on the 16th. FIFA will "assure" Iran that it will be able to participate in the 2026 FIFA World Cup. US Secretary of State Rubio previously stated that Iranian footballers will be welcomed at this World Cup, but also warned that the US may still ban Iranian team members with ties to the Islamic Revolutionary Guard Corps from entering the country.May 16 - According to sources cited by Irans state news agency, Pakistani Interior Minister Naqvi arrived in Tehran a few hours ago to meet with Iranian officials.May 16th - On May 16th local time, in the first round of the WorldSSP class of the 2026 World Superbike Championship (WSBK) Czech Republic, Valentin Debis, the No. 53 French rider from Chinese motorcycle manufacturer "Zhang Xue Motorcycle", won the championship.On May 16, the head of the Iranian Parliaments National Security Committee stated that Iran has prepared a mechanism to manage traffic in the Strait of Hormuz along designated routes, with details to be released soon. Only commercial vessels and parties cooperating with Iran will benefit from this process. Necessary fees will be charged to cover the professional services provided under this mechanism. The passage will remain closed to operators of the "Freedom Project."

Elon Musk Modifies Twitter's Voting Policy Following His Resignation

Charlie Brooks

Dec 20, 2022 11:19

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Elon Musk announced on Tuesday that only Twitter Blue subscribers will be entitled to vote on future platform policy issues, just after an overwhelming majority of users voted for his removal as CEO.


Musk agreed with a tweet recommending he implement such a vote mechanism and stated, "Twitter will make this adjustment."


The action comes only one day after roughly 58% of 17.5 million users voted "Yes" to Musk's poll on whether he should resign as the social media platform's leader. Musk stated that he will "abide" by the poll's results.


The chief executive officer of Tesla Inc (NASDAQ:TSLA), which acquired Twitter earlier this year, has stated that all significant policy decisions for the social media site will be determined by public vote. The prospective restriction of voting in these polls to only verified users will undoubtedly lower participation.


It also provides a greater incentive to subscribe to Twitter's recently reopened verification program, following a catastrophic deployment in November that led to an increase in impersonators and false accounts on the social media network.


The Twitter Blue subscription service provides users with a blue check on their profile and a number of additional capabilities, such as the ability to edit tweets. Blue users' Block and Mute acts will be incorporated into the platform as downvotes.


Musk's purchase of Twitter sparked further controversy after the site terminated the accounts of numerous notable journalists who were believed to be critical of the Tesla CEO. The website had also suspended accounts that tracked the real-time positions of public personalities, most notably an account that followed Musk's private jet.


Twitter reinstated the journalist accounts following widespread reaction to their removal. The site also reinstated the accounts that tracked Musk's real-time movements after a series of surveys conducted by Musk revealed overwhelming user support for their reinstatement.


Allegations that the Tesla CEO is neglecting his duties at the electric vehicle manufacturer have infuriated shareholders. Musk was also criticized for selling nearly $3 billion in Tesla shares last week, despite repeated pledges that he would not do so.