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Russian authorities add Meta to terrorist and extremist organisations list

Published

2 years ago

on

Meta is in hot water with Russians. Russian authorities have added the owner of Facebook and Instagram to a list of terrorist and extremist organisations

According to Interfax, being placed on a list of extremist organisations means banks can freeze Meta’s funds in Russia.

The two platforms were banned in Russia in March for “Russophobia”.

This follows Meta’s announcement it would permit posts such as “death to Russian invaders” but not credible threats against civilians.

Meta appealed against the ban but it was upheld by a Moscow court in June.

What does this mean for Meta? Well, according to Russian news outlets, not much good. financially speaking, at least.

The addition to the list of terrorist and extremist organisations means that banks can now freeze any of Meta’s funds that are located within Russia. Ouch.

Meta’s response to this was to permit posts such as “death to Russian invaders” but not credible threats against civilians. Understandably, this didn’t go over well with the Russian authorities.

At this point, it’s unclear what Meta plans to do next. For now, it seems they’re stuck between a rock and a hard place.

Do they continue to allow posts that speak out against the Russian government? Or do they start censoring their users in order to avoid further conflict? Only time will tell.

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Money

Biden is “discussing” support for Israel over Iran oil strike

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2 days ago

on

October 4, 2024

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The Biden administration believes it’s still “appropriate” for Israel to continue its ground and air attacks on Hezbollah.

The Middle East is a tinder box as Israel retaliates to Iran’s bombing earlier this week as well as fighting Hamas, Hezbollah and the Houthis in Gaza, Lebanon and Yemen. But what are the economic and geo-political implications? #featured #trending

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Money

Defence shares rise to record high following Middle East attacks

Published

4 days ago

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October 2, 2024

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Stocks retreated Tuesday, with rising tensions in the Middle East cooling investor momentum after a strong quarter.

Oil prices eased and stocks recovered some ground after initial reports, as hopes grew that damage from the attack and any Israeli response would remain limited.

This market drop underscores the delicate balance between geopolitical risk and economic optimism. #featured #trending

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Leaders

U.S. Feds in no ‘hurry’ to cut rates as confidence in economy grows

Published

5 days ago

on

October 1, 2024

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Fed Reserve Chair Jerome Powell indicated the U.S. central bank was not “in a hurry” after new data boosted confidence in ongoing economic growth and consumer spending.

Fed Chair Jerome Powell says “disinflation has been broad-based,” and recent data suggests progress towards the Fed’s 2% inflation target.

Powell says the Fed is not rushing to lower rates but will make decisions based on how the economy evolves.

When asked about rate cuts, Powell says it’s a process that will “play out over time,” signalling a steady but cautious approach. #featured #trending

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