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Meta shows commitment to journalism by banning news in Canada

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Meta Platforms initiated the process of blocking access to news on both Facebook and Instagram for all users in Canada, citing its response to a recently passed law that mandates internet giants to pay news publishers for their content.

The Canadian government swiftly condemned this move, labeling it “irresponsible” and drawing international attention to the unfolding situation.

The Online News Act, passed by the Canadian parliament, requires major platforms like Meta and Google’s parent company, Alphabet, to engage in commercial negotiations with Canadian news publishers for the use of their content. Rachel Curran, Meta’s head of public policy in Canada, defended the decision, stating that users of their platforms primarily seek entertainment content rather than news.

Canadian Heritage Minister Pascale St-Onge, responsible for handling the government’s interactions with Meta, expressed dissatisfaction with the company’s stance, accusing them of prioritizing their interests over supporting quality local news. She emphasized the government’s commitment to standing firm against tech giants in order to safeguard Canadian interests.

CBC, Canada’s public broadcast network, echoed the government’s sentiment, denouncing Meta’s action as an abuse of market power. The Canadian law follows in the footsteps of Australia’s groundbreaking legislation in 2021, which led to Google and Facebook threatening service curtailment but ultimately resulted in agreements with Australian media companies after amendments were made to the legislation.

While Google has argued that the Canadian law is broader than those implemented in Australia and Europe, as it places a value on news story links displayed in search results, Meta has claimed that news links constitute less than 3% of content on users’ feeds and, therefore, lack significant economic value.

Canadian Prime Minister Justin Trudeau previously dismissed this argument, considering it detrimental to democracy and the economy. The situation remains tense as the Canadian government continues to defend its law, highlighting the ongoing global trend of holding tech companies accountable for their use of news content.

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Rate cuts ahead? US stocks bounce as inflation cools

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Investor sentiment is improving as fresh data out of the US and Australia shifts expectations for central bank action.

Stronger-than-expected labour market figures in Australia have raised questions about whether the Reserve Bank will move ahead with a rate cut next week. While the RBA has signalled it is watching data closely, the resilience in employment may force a delay.

Meanwhile, in the US, softer inflation data has lifted hopes that the Federal Reserve could cut rates later this year. That news helped spark a sharp turnaround in US equities, with the so-called “sell America” trade now unwinding as buyers return to Wall Street.

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Trump’s $600B Middle East Deal: What It Means for Global Stability

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President Donald Trump’s four-day Middle East tour during his second term has sparked global attention, locking in a monumental $600 billion investment from Saudi Arabia. From AI to defence, space to energy—this economic pact is reshaping U.S. foreign policy.

In an unprecedented move, Trump also lifted long-standing U.S. sanctions on Syria after meeting its new president, raising eyebrows among traditional allies.

Ticker News anchor Veronica Dudo speaks with Erbil “Bill” Gunasti, former Turkish PM Press Officer and Republican strategist, to break down the implications for national security, global diplomacy, and the path to peace in Ukraine.

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Trump’s AI deals raise concerns over China ties

Trump’s AI deals in the Middle East spark division over national security risks and concerns over China ties.

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Trump’s AI deals in the Middle East spark division over national security risks and concerns over China ties.

In Short:
Trump’s AI deals with Saudi Arabia and the UAE are causing internal conflicts in his administration over US national security. Officials are concerned that American technology supplied to the Gulf could ultimately benefit China, leading to calls for enhanced legal protections.

President Donald Trump’s recent AI deals in Saudi Arabia and the UAE are causing internal conflicts within his administration.

Concerns are rising among officials, particularly China hawks, about the implications for US national security and economic interests.

Agreements include shipments of vast quantities of semiconductors from Nvidia and AMD to the Gulf states, prompting fears that American technology could ultimately benefit China, given the region’s ties with Beijing.

While the accords include clauses to limit Chinese access to the chips, some officials argue that further legal protections are necessary.

Critics, including Vice President JD Vance, have suggested that maintaining US dominance in AI is crucial, and shipping chips abroad might undermine that goal.

Supporters of the deals, including AI Adviser David Sacks, argue the need for American technology in the Gulf to deter reliance on Chinese alternatives.

Despite this, internal discussions are underway to potentially slow down or reassess the agreements due to ongoing national security concerns.

Conversations have also included proposals for a significant chip manufacturing facility in the UAE, which many officials deem risky due to China’s influence.

Additionally, worries persist about G42, an AI firm in Abu Dhabi, which has historical ties to Huawei.

The agreements with Gulf countries promise to enhance their technological capabilities while necessitating careful oversight to address US security priorities.

 

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