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Australia bans social media for kids under 16

Australia enacts strict social media ban for minors under 16 amid concerns over mental health and cyberbullying.

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Australia has approved a social media ban for children under 16, a decision made after widespread public and parliamentary debate.

The new law requires companies like Meta and TikTok to prevent minors from accessing their platforms or face significant fines. Enforcement trials are set to begin in January, with the ban fully taking effect in one year.

This legislation places Australia at the forefront of age restriction laws related to social media, amidst growing concerns over its impact on youth mental health. While some countries have introduced similar restrictions, the Australian law is an outright ban.

Australian Prime Minister Anthony Albanese

Supporters of the ban, including a majority of the population, argue it is necessary for protecting children. However, it has faced criticism from privacy advocates, child rights groups, and some industry representatives, who warn it might hinder access for vulnerable youth and increase data collection.

Critics have also expressed concern about the legislative process, claiming it rushed through without comprehensive stakeholder consultation. Youth advocacy groups argue that the ban could prevent young people from accessing essential support networks.

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Wall Street wobbles as RBA and Tesla face tests

Global markets are unsettled by Wall Street’s downturn, inflation in Australia, and key U.S. tariff decisions.

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Global markets are unsettled by Wall Street’s downturn, inflation in Australia, and key U.S. tariff decisions.


Global markets are jittery amid a Wall Street sell-off, renewed inflation pressure in Australia, and high-stakes decisions on U.S. tariffs and Elon Musk’s Tesla pay deal.

Capital.com’s Kyle Rodda breaks down the risks and reactions shaping the week ahead.

#Markets #WallStreet #RBA #Tesla #ElonMusk #Inflation #Trade #Finance #Economy #CapitalCom


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Bitcoin crash shakes global markets

Bitcoin’s drop below $100K triggers $45B in long-term selling, affecting global markets; insights from David Scutt on future trends.

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Bitcoin’s drop below $100K triggers $45B in long-term selling, affecting global markets; insights from David Scutt on future trends.


Bitcoin’s slide below $100,000 has sent shockwaves through global markets, with $45 billion in long-term holdings sold and risk assets tumbling.

David Scutt from StoneX breaks down what’s driving the sell-off — and where markets go next.

#Bitcoin #CryptoCrash #Markets #RiskAssets #CryptoNews #FedPolicy


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Putin and Xi tighten alliance amid Western pressure

Russia and China solidify ties with a new investment deal, increasing energy and tech cooperation amid U.S. sanctions.

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Russia and China solidify ties with a new investment deal, increasing energy and tech cooperation amid U.S. sanctions.


Russia and China have deepened their strategic partnership, signing a new investment protection deal and expanding cooperation across energy and technology.

The move comes as U.S. sanctions on Moscow intensify.

#Russia #China #Putin #XiJinping #Trade #Sanctions #Geopolitics #Energy #Diplomacy #WorldNews


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