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China’s plane back in the skies
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Australia becomes the first country to ban social media for under-16s
Australia bans social media for children under 16, marking a historic step in youth online safety regulations.
Australia bans social media for children under 16, marking a historic step in youth online safety regulations.
Australia has made history, becoming the first country to ban social media access for children under 16. From midnight, platforms including TikTok, YouTube, and Instagram will be blocked for young users across the nation. The move marks one of the strongest regulatory actions ever taken on youth online safety.
The new law requires ten major digital platforms to comply or face fines of up to A$49.5 million. The decision comes amid growing global concerns about the impact of social media on children’s mental health, with other countries watching closely as they consider similar measures.
Prime Minister Anthony Albanese says the ban is designed to support young Australians and reduce harmful pressures created by constant digital engagement. While platforms are preparing to use age-inference technology to comply, critics warn the ban could isolate vulnerable teens.
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U.S. approves Nvidia H200 chip exports to China amid tensions
U.S. approves Nvidia’s H200 AI chip exports to China, balancing security with tech collaboration amid ongoing tensions.
U.S. approves Nvidia’s H200 AI chip exports to China, balancing security with tech collaboration amid ongoing tensions.
The U.S. Commerce Department has approved exports of Nvidia’s H200 AI chips to China, signaling a cautious compromise in the ongoing technology standoff between the two countries. This decision reflects efforts to balance national security concerns with continued technological collaboration.
Nvidia shares jumped 2% following the announcement, showing investor optimism about the move. Analysts are closely watching how Chinese firms will respond and whether they will aggressively pursue these high-performance AI chips.
Despite the approval, concerns remain about the potential military applications of AI technology. Officials emphasize that the decision aims to protect U.S. interests while navigating complex international tech dynamics.
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Fed faces challenges ahead of Trump’s nominee as rate decisions loom
Fed faces critical leadership transition as Trump nominates new chair amid economic uncertainty and potential rate cut discussions.
Fed faces critical leadership transition as Trump nominates new chair amid economic uncertainty and potential rate cut discussions.
The U.S. Federal Reserve is entering a critical period as it prepares for President Donald Trump’s upcoming nominee to lead the central bank. Markets are closely watching how the Fed will navigate this leadership transition amid ongoing economic uncertainty.
The Fed’s two-day meeting could result in a modest quarter-percentage-point rate cut. However, future policy decisions will hinge on key economic projections and inflation trends, leaving analysts debating how much room the central bank really has to maneuver.
Trump is pushing for lower interest rates to boost the housing market before the midterms, but this could complicate the next Fed chair’s path. Data delays from the recent government shutdown may also affect the Fed’s decision-making this week, adding another layer of uncertainty.
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