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A woman sits with her baby in a sea of plastic in Laizhou, China, where she works on ripping the labels off the bottles. Photo: Peter Ford/The Christian Science Monitor via Getty Images

The world is reeling as China — which once imported 9 million metric tons of foreign plastic waste per year — implements new regulations that ban 24 different types of garbage from its shores, reports CNBC.

Why it matters: The measure, implemented in January, is forcing the United States, the U.K., Japan and the EU to find a new destination for their trash. Chinese customs data for the first quarter of 2018 showed that the country's solid waste imports dropped 54%.

Go deeper

1 hour ago - Technology

Facebook is a news media magnet

Expand chart
Data: Signal AI; Chart: Jared Whalen/Axios

New data finds that Facebook has been mentioned in more online stories in the U.S. in the past year than all of its major tech competitors combined.

Why it matters: Press scrutiny of Facebook has become so intense and negative that the tech giant is reportedly planning to rename itself as soon as next week to signal that it's more than just a social media company.

Amazon is now a bigger shipper in the U.S. than FedEx

Expand chart
Reproduced from Supply Chain Dive; Chart: Axios Visuals

Amazon is not primarily known as a logistics company, but in 2020 the company shipped more parcels than FedEx.

Why it matters: Logistics is a $1.5 trillion business — and it has long been controlled by a handful of key players, like FedEx, UPS and the U.S. Postal Service. Now Amazon is poised to conquer it.

Updated 1 hour ago - Technology

Trump says he plans to launch new social media network in 2022

Photo: Chris Delmas/AFP via Getty Images

Former President Trump on Wednesday announced plans to launch a social media network called "Truth Social," and that it would go public via a SPAC.

Why it matters: Most ex-presidents are focused on their legacies, by creating presidential libraries or engaging in philanthropic endeavors. Trump, however, remains consumed by social media.