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Stocks and euro rise after Trump delays tariffs

Global markets and euro rise as Trump delays EU tariff decision to July, easing trade tensions temporarily.

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Global markets and euro rise as Trump delays EU tariff decision to July, easing trade tensions temporarily.

In Short:
Global markets rose after Trump postponed EU tariffs, with European stocks climbing to pre-announcement levels. However, concerns about rising debt and tariff impacts on Asian stocks persisted.

Global markets increased on Monday as U.S. President Donald Trump postponed proposed 50% tariffs on European Union goods until July.

The MSCI world shares index rose by 0.2%, and the pan-European stocks index climbed by 0.9%, returning to pre-announcement levels.

Trump’s decision came after European Commission President Ursula von der Leyen requested more time for discussions.

This development highlighted the volatile nature of trade policies, prompting analysts to note a trend of investors reallocating funds from U.S. markets to Europe and Asia amid recession concerns.

Commerzbank remarked on the unpredictability of Trump’s policies, while SEB Research pointed out a mix of factors affecting U.S. asset attractiveness, indicating potential dollar depreciation and rising U.S. interest rates.

Pound strengthens

The dollar fell 0.1% against other currencies, while the euro gained 0.23% to $1.1380. The pound also strengthened by 0.2%.

Monday’s trading volume was lower due to public holidays in the U.S. and Britain.

Concerns over increasing debt levels in developed economies were noted following a Moody’s downgrade of the U.S. credit rating.

In Asia, stocks closed lower, with notable declines in Chinese automobile shares and Apple suppliers amid tariff concerns.

In Japan, the Nikkei 225 rose by 1%, its largest gain in nearly two weeks, influenced by positive news regarding Nippon Steel’s takeover.

Oil prices dipped alongside gold, which retreated from recent highs.

Ahron Young is an award winning journalist who has covered major news events around the world. Ahron is the Managing Editor and Founder of TICKER NEWS.

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Two teens have launched a High Court challenge to the under-16s social media ban

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Luke Beck, Monash University

Two teenagers are taking the federal government to the High Court. They argue the ban on social media accounts for under-16s is unconstitutional because it interferes with free political communication.

The ban is due to take effect on December 10.

Will the High Court challenge make any difference?

What does the law do?

Due to a 1998 US law, social media platforms’ terms of service already set a minimum age of access of 13 years.

Australia’s new law imposes an obligation on some social media platforms to take reasonable steps to prevent users under 16 from having an account with the platform. The law does not impose obligations on under-16s themselves or on their families. This means only social media platforms can be guilty of breaking the law.

Australia’s eSafety Commissioner has announced the law applies to Facebook, Instagram, Snapchat, Threads, TikTok, Twitch, X, YouTube, Kick and Reddit.

The practical effect is that Australians aged under 16 will not be able to have accounts on those and similar social media platforms. But under-16s will still be able to access content on those platforms if they have a logged-out functionality.

The federal government says the law’s purpose is to “enhance the online safety and wellbeing of young people”.

The Office of Impact Analysis’ assessment of the law included a report from the Queensland Chief Health Officer stating “existing studies provide compelling indications of possible negative links between unrestrained social media usage and the cognitive, emotional, and social wellbeing of young people”.

The analysis also noted UK and US reports about the negative impacts of social media use on young people’s wellbeing.

Australia has lots of similar laws

Lots of laws restrict young people’s access to spaces and things that sometimes have political content, to protect their wellbeing.

Shops are banned from selling video games with certain classifications to teenagers, even though the games may have some political content. Cinemas are banned from selling tickets to movies with certain ratings to teenagers, even though the movies may have some political content. Liquor shops are banned from selling alcohol to under-18s, even though some alcohol-fuelled conversations turn political. And pubs are banned from allowing unaccompanied minors on their premises, even though there might be a bit of political banter at the bar.

So far, none of these laws has been found to be unconstitutional. However, more than one teenager has managed to circumvent these laws on occasion (as likely will also happen with the ban on social media accounts).

Who is bringing the High Court case?

The High Court case is being brought in the name of two 15-year-olds, Noah Jones and Macy Neyland.

They are backed by a group called the Digital Freedom Project, led by NSW upper house MP John Ruddick of the Libertarian Party. So far, the Digital Freedom Project has not revealed who is giving it money.

The case will argue that the law is unconstitutional because it impermissibly burdens the implied freedom of political communication.

What is the implied freedom of political communication?

The implied freedom of political communication arises from the Australian Constitution’s requirement that parliamentarians be “chosen” by the people. Without freedom to communicate about political matters, that choice would not really be a meaningful one.

The implied freedom of political communication is not an individual right. It is a limitation on parliament’s power to make laws. And it is not about free speech more generally. Political communication covers all matters of public and governmental affairs.

A law that burdens political communication will be invalid unless the law has a legitimate purpose and that purpose is pursued in a proportionate manner.

Does the social media account ban law burden freedom of political communication?

The plaintiffs need to persuade the High Court that the law will lead to a real reduction in political communication in Australia.

Former High Court Chief Justice Robert French said in a report considering a draft South Australian law similar to the new law:

The implied freedom of political communication would not seem to be engaged. The restriction is content neutral, is not directed at political speech and, in any event, is a reasonable and proportionate means for a legitimate purpose consistent with Australia’s representative democracy.

The Digital Freedom Project’s website says the law “places a heavy burden on political communication”. This seems exaggerated. Any reduction in political communication is slight: very few 13-, 14- or 15-year-olds use social media to create or engage with political content. Those who do are doing so only occasionally.

Is the law proportionate?

It is easier for governments to justify small burdens on political communication as proportionate to a legitimate purpose than it is to justify large burdens on political communication.

The Digital Freedom Project’s website accepts the law’s purpose of protecting young people’s wellbeing is legitimate. However, they say the law “fails proportionality because less restrictive and workable alternatives exist (parental consent pathways for 14- and 15-year-olds, platform duty of care and safe design settings, targeted moderation/takedown, age-appropriate feature gating rather than bans, digital literacy programs, and privacy preserving age assurance)”.

The Office of Impact Assessment has assessed some of those ideas as likely to be less effective than requiring social media platforms to not allow under-16s to have accounts. And some of those ideas look rather like asking the High Court to invent new legislative models, which it will not do.

What happens next?

The plaintiffs are asking the High Court to issue an urgent injunction preventing the government enforcing the law until the High Court has a chance to hear the case and make a final ruling. Injunctions like that are rare.

The law is due to come into effect on December 10. Unless the High Court grants an injunction, the law will take effect as planned, even if the constitutional challenge later succeeds.

The eSafety Commissioner’s website has a range of resources to help young people, their families and teachers get ready for the law coming into operation.The Conversation

Luke Beck, Professor of Constitutional Law, Monash University

This article is republished from The Conversation under a Creative Commons license. Read the original article.

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Are women being silenced on LinkedIn? Algorithm claims spark debate

LinkedIn’s algorithm may favor men’s content, prompting concerns about gender bias and visibility for women professionals.

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LinkedIn’s algorithm may favor men’s content, prompting concerns about gender bias and visibility for women professionals.


A Melbourne-based LinkedIn coach has raised concerns that the platform’s algorithm may be limiting the reach of women’s content. The discussion has intensified after an experiment showed major differences in engagement between male and female profiles posting identical content. Is the algorithm unintentionally amplifying gender bias?

We speak with Darren Woolley from TrinityP3 to unpack the evidence behind these claims, explore the implications of LinkedIn’s denials, and break down what these changes mean for professional women trying to build visibility online. What does the shift from cumulative to daily performance graphs signal? And how worried should users be about hidden bias?

Darren also explains why women must continue posting, how to create content that cuts through algorithm changes, and what strategies can help users—particularly women—boost their reach. Plus, we look at the broader call for more diverse voices to be heard on the world’s biggest professional platform.

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Hong Kong high-rise inferno leaves dozens dead and hundreds missing

Deadly fire at Hong Kong’s Wang Fuk Court kills 36, 279 missing; authorities face scrutiny over construction safety.

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Deadly fire at Hong Kong’s Wang Fuk Court kills 36, 279 missing; authorities face scrutiny over construction safety.


A horrific fire has torn through Hong Kong’s Wang Fuk Court housing complex, killing at least 36 people and leaving 279 missing. The blaze erupted in the Tai Po district and quickly intensified as bamboo scaffolding helped the flames spread with alarming speed.

The complex, home to nearly 4,800 residents, was undergoing major renovations at the time of the disaster. Authorities are now facing renewed scrutiny over construction safety and the ongoing reliance on bamboo scaffolding, which has been at the centre of multiple accidents in recent years.

Chinese President Xi Jinping has expressed deep condolences and called for urgent rescue and recovery operations as emergency teams continue searching for survivors.
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