EXCLUSIVE-TikTok owner ByteDance moves to shift power out of China – sources

By Yingzhi Yang, Echo Wang and Alexandra Alper BEIJING/NEW YORK/WASHINGTON, May 28 (Reuters) – TikTok’s poaching of Disney’s Kevin Mayer to be its CEO was just the most visible part of a broader strategy by its Chinese owner to shift its centre of power away from China at a time of rising global tensions, several people familiar with the plans said. 

Alrosa sees May diamond sales at tens of millions of dollars

* Alrosa to keep 30% global market share despite lower output * Alrosa has stockpile equal to 9 months of production * Has more than $1 bln of accumulated cash and equivalents By Polina Devitt MOSCOW, May 28 (Reuters) – Russian diamond producer Alrosa expects its sales for May to total tens of million dollars, down sharply from May 2019 but up from April 2020, when its diamonds sales were worth $16 million, its chief executive told Reuters.