After a multi-year investigation, The New York Times is out with a report about Apple's "hard bargain" in China.  The report says Apple has "largely ceded control" of its data centers in Guiyang and the Inner "Mongolia region" to the Chinese government despite CEO Tim Cook previously assuring that data stored within the region would be safe. Chinese state employees physically manage the computers. Apple abandoned the encryption technology it used elsewhere after China would not allow it. And the digital keys that unlock information on those computers are stored in the data centers they’re meant to secure.

MGM has been in talks to sell itself to Amazon, according to three people briefed on the matter. If completed, a deal would turbocharge Amazon’s streaming ambitions by bringing James Bond, Rocky, RoboCop and other film and television properties into the e-commerce giant’s fold.  MGM has been for looking for a buyer for months, with $9 billion floated as an asking price. Apple and Comcast had previously kicked MGM’s tires and decided it was worth roughly $6 billion.  The purchase of Whole Foods for $13.4 billion in 2017 was the biggest acquisition in Amazon’s history. Even $6 billion would make MGM the second-largest.

The EU has agreed to shelve plans to boost tariffs on a range of US products as the two sides seek a resolution to a longstanding stand-off over the steel and aluminium sectors. Brussels said in a joint statement with the Biden administration that the EU and US had agreed to avoid changes that “negatively affect bilateral trade”.