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Record label counts cost of BTS break

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K-pop pioneers BTS faced tears and sympathy from fans, but anger from shareholders in their management company on Wednesday, a day after the band, pleading exhaustion, announced a break from group musical activities to pursue solo projects

BTS fans were left in tears by the band’s announcement they were taking a break and pursuing solo projects.

But the South Korean group’s management company also had to deal with unhappy investors on Wednesday (June 15).

Tuesday’s announcement angered investors in the K-pop band’s record label HYBE.

The company, which went public two years ago, saw shares fall by a quarter on Wednesday and wipe just over $1.5 billion off its market value.

HYBE shares have performed poorly in recent months.

The company’s CEO and some BTS members sold stock for around $7.75 million in December.

BTS’ upbeat hits and messages of youth empowerment have turned them into global megastars.

But some band members are close to military service age, potentially requiring an unavoidable break from music.

All able-bodied South Korean men must do about two years of military service.

The oldest BTS member, Jin, is due to begin duty next year.

There could be a reprieve on the cards, though.

A bill pushing for military exemptions for globally renowned artists is pending in parliament.

It comes after a long debate over whether BTS deserve the same benefits and exemptions that sports athletes enjoy.

Investors, and fans, will hope lawmakers vote to give the boys a break.

Reuters

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Australia shuts millions of teen social media accounts

Australia’s social media ban leads to 4.7 million teen account closures, prompting debate over online safety and freedom.

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Australia’s social media ban leads to 4.7 million teen account closures, prompting debate over online safety and freedom.

Nearly five million social media accounts belonging to Australian teenagers have been closed since the nation’s social media ban began in December. Platforms such as Instagram and TikTok were responsible for removing around 4.7 million accounts held by minors, according to the eSafety Commissioner.

Prime Minister Anthony Albanese described the figures as encouraging, highlighting the government’s commitment to protecting children online. The new law holds social media companies accountable, with fines imposed on platforms that fail to prevent underage accounts from being created or maintained.

Despite these measures, some teenagers have reportedly bypassed the restrictions by falsifying their ages or using parental information. The debate continues over the effectiveness of these regulations and the balance between safety and online freedom.

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#AustraliaNews #SocialMediaBan #TeenSafety #eSafety #Instagram #TikTok #OnlineProtection #TechLaw


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Iran protests and the global fight for freedom

Protests in Iran escalate as citizens demand women’s rights; Rabbi Cooper discusses global solidarity and advocacy efforts.

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Protests in Iran escalate as citizens demand women’s rights; Rabbi Cooper discusses global solidarity and advocacy efforts.


Amid escalating protests in Iran, citizens are risking everything to demand women’s rights and basic freedoms. The world watches as these demonstrations grow, with many hoping for meaningful change in the face of a brutal regime.

We speak with Rabbi Abraham Cooper from the Simon Wiesenthal Center about the advocacy work supporting Iranian voices and the historical context of defending human rights. He explains the vital role of international solidarity and how governments and communities can respond.

From the human cost on the ground to the influence of the Iranian diaspora in Los Angeles, this interview sheds light on the stakes, the movement, and why public attention is critical.

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#IranProtests #HumanRights #WomensRights #FreedomMovement #IranNews #SimonWiesenthal #TickerNews #GlobalSolidarity


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Greenland and Denmark signal security divide with the United States

Greenland, Denmark assert Arctic island not for sale, emphasizing cooperation with the US on their own terms.

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Greenland, Denmark assert Arctic island not for sale, emphasizing cooperation with the US on their own terms.


Greenland and Denmark have used high-level talks in Washington, D.C. to firmly restate that the Arctic island is not for sale, pushing back against long-standing US interest in the strategically vital territory.

Foreign ministers from both Greenland and Denmark acknowledged that major disagreements remain following discussions with US officials, despite what they described as constructive engagement on shared priorities.

Greenland’s government made clear it is open to closer cooperation with Washington, but only on its own terms, rejecting any suggestion of ownership or control.

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#Greenland #Denmark #UnitedStates #Geopolitics #ArcticPolitics #WorldNews #Security #Ticker


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