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Trump's sudden fixation on Panama may be tied to his shady businessApple Explains Why It Doesn't Plan to Create a Search Engine
By Renju Jose and Byron Kaye SYDNEY (Reuters) -Australia moved closer on Wednesday to banning social media for children under 16 after the parliament's lower house passed a bill even as Alphabet's Google and Facebook-owner Meta pressed the government to delay the legislation. Marking some of the toughest social media controls in the world, Australia's House of Representatives passed the bill 102 votes to 13 after Prime Minister Anthony Albanese's centre-left Labor government secured bipartisan support for the ban. The Senate is expected to debate the bill later on Wednesday, with the government keen to ensure it is passed by the end of the parliamentary year on Thursday. Albanese, trying to lift his approval ratings ahead of an election expected in May, has argued that excessive use of social media poses risks to the physical and mental health of children and is looking for support from parents. The planned law would force social media platforms to take reasonable steps to ensure age-verification protections are in place. Companies could be fined up to A$49.5 million ($32 million) for systemic breaches. Australia plans to trial an age-verification system that may include biometrics or government identification to enforce the ban. A Senate committee backed the bill this week, but also inserted a condition that social media platforms should not force users to submit personal data such as passport and other digital identification to prove their age. The committee added that the government must "meaningfully engage" with youth when framing the law. "Young people, and in particular diverse cohorts, must be at the centre of the conversation as an age restriction is implemented to ensure there are constructive pathways for connection," committee Chair Senator Karen Grogan said. In submissions to parliament, Google and Meta said the ban should be delayed until the age-verification trial finishes, expected in mid-2025. Bytedance's TikTok said the bill needed more consultation, while Elon Musk's X said the proposed law might hurt children's human rights. IMPACT ON FAMILIES The ban was first announced during an emotionally charged parliamentary inquiry into social media, which included testimony from parents of children who had self-harmed due to cyber bullying. It has fuelled vigorous debate with youth advocates arguing it robs children of a voice and parent groups saying under-16s are too young to navigate the digital world. Teenagers have said the law could cut them off from their most important social and family connections, arguing a ban is not the solution. "I understand that using social media a lot is not a good thing and I'm working on it," said Sydney high-school student Enie Lam, 16. "But a ban is not going to work," she said. Albanese's party, which does not control the Senate, won crucial support from the opposition conservatives for the bill, but has failed to win over the left-leaning Greens and some far-right lawmakers on civil liberties and privacy grounds. One conservative lower house member broke from their party and voted against the bill on Wednesday, a rare event in Australian politics, and two conservative senators said they also would vote against it, arguing the law should be delayed until the age-verification trial was complete. Even the Australian Human Rights Commission, an independent statutory authority, opposed the ban saying it violated children's rights to self-expression and to participate in society. Still, polling shows public support overwhelmingly in favour of the move. A YouGov survey released this week showed 77% of Australians backed the ban, up from 61% in August. Australian media, from the publicly owned Australian Broadcasting Corp to Rupert Murdoch's News Corp, also support the ban. An editorial campaign by News Corp, the country's biggest newspaper publisher, pushed for the ban under the banner "Let Them Be Kids". "Our members feel that this is one of the biggest issues impacting on themselves and their families at the moment," said Jenny Branch-Allen, president of the Australian Parents Council, an advocacy group. "Big companies have to start taking responsibility. Let's try and reduce the incidents we're hearing involved with social media and young people in Australia." ($1 = 1.5451 Australian dollars) (Reporting by Renju Jose in Sydney; Editing by Sonali Paul and Kate Mayberry)The hashtag #PonyForJustice started trending on various platforms, with users expressing their desire for Pony to come forward and restore order. Memes, fan art, and heartfelt messages flooded the internet, all urging Pony to heed the call and fulfill her role as a beacon of righteousness in the beauty community.
In conclusion, the arrest of former President Yoon Suk-yeol has plunged South Korea into a period of political turmoil and uncertainty. The country is facing numerous challenges both domestically and internationally, and the outcome of the upcoming presidential election remains uncertain. However, there is hope that South Korea will be able to overcome these challenges and emerge stronger than before, guided by the principles of justice, accountability, and democracy.The tons and tweak that had Hughes primed to dominate
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Elon Musk has achieved an unprecedented milestone, becoming the richest person in history with a net worth of $334.3 billion, according to Forbes. This wealth comes after a $70 billion increase in 20 days, largely driven by Tesla's remarkable stock performance. Tesla's stock surged 40% after Donald Trump's election win, played a crucial role in Musk's wealth expansion. Investor confidence soared due to expectations of a more favourable regulatory environment for Tesla, particularly regarding its self-driving technology. Musk, an outspoken supporter of Trump during the election campaign, even participated in some rallies, firming his position as a prominent figure in the business and political landscape. At market close on November 22, Tesla shares reached $352.56, marking a 3.8% increase and pushing Musk's net worth to a record $321.7 billion, surpassing his previous high of $320.3 billion from 2021. Musk's wealth now eclipses that of his closest competitor, Oracle chairman Larry Ellison, whose net worth stands at $235 billion. Much of his fortune comes from his 13% stake in Tesla, worth $145 billion, and a pending 9% equity award. In addition to Tesla, other big ventures include xAI, which is valued at $50 billion, and SpaceX, worth $210 billion, among others. In addition to the financial success, Musk's influence expands well beyond this; recently, he was named chair of the "Department of Government Efficiency" (DOGE) while partnering with entrepreneur Vivek Ramaswamy to improve how the government operates. This meteoric fortune ascent for Musk captures the full extent of his dominance in various industries-from electric vehicles to artificial intelligence and space exploration. It is Tesla's growth and success in other business ventures that highlights the business acumen of identifying market dynamics and technological innovation. With a $70 billion increase in net worth since Election Day, Musk's financial ascent and upward trajectory only reflect his status as a transformative force in today's business world, creating a benchmark in terms of wealth creation.
Furthermore, selling Rashford would also allow Manchester United to free up significant funds to reinvest in the squad and bring in new talent. The club may use the money generated from Rashford's sale to strengthen key areas of the team, such as the midfield or defense, or to pursue top transfer targets in the upcoming transfer windows. This strategic approach would not only improve the overall quality and depth of the squad but also enhance United's competitiveness in both domestic and international competitions.
SYM Stock News: Shareholder Rights Law Firm Robbins LLP Urges Symbotic Inc. Stockholders with ...On the monetary policy front, central banks are likely to maintain an accommodative stance to ensure adequate liquidity in the financial system. This could involve keeping interest rates low or implementing further quantitative easing measures to support lending and investment. Additionally, central banks may also explore unconventional policy tools to address any emerging challenges. By adopting a more proactive and flexible approach, monetary authorities seek to maintain price stability and support economic recovery.
Additionally, the convenience and ease of use of social commerce platforms have made it increasingly attractive for both consumers and brands. With features like shoppable posts, live streaming shopping events, and one-click purchasing, social commerce offers a seamless and frictionless shopping experience that appeals to the modern consumer.