Australian Prime Minister Anthony Albanese has announced plans to legislate for a ban on social media for children under 16 years of age, an initiative his government says is world-leading. Australia’s Minister…
Category: Business News
US: Court sentences Fat Leonard to 15 year in jail in Navy’s biggest bribery scandal
A Malaysian businessman has been sentenced to 15 years in jail for his role in the US Navy’s biggest corruption scandal and for skipping a previous sentencing hearing. Leonard Glenn…
USA: Boeing strike ends as workers back 38% pay rise deal
Boeing workers have voted to accept the aviation giant’s latest pay offer, ending a damaging seven-week-long walkout.Under the new contract, they will get a 38% pay rise over the next…
Poland: Prosecutors accuse Russia of arson targeting European cargo flights to US
A series of parcel fires targeting courier companies in Poland, Germany and the UK were dry runs aimed at sabotaging flights to the US and Canada, Polish prosecutors say. Katarzyna…
USA: USD soars while US shares and Bitcoin hit record high on Trump win
US shares hit record highs on Wall Street and the dollar posted its biggest gain in eight years as Donald Trump was re-elected to the White House in a historic…
Netherlands: Netflix Europe offices raided in tax fraud probe
Offices of streaming giant Netflix in Paris and Amsterdam have been raided by the French and Dutch authorities as part of an investigation into tax fraud, French judicial sources say.…
France: Families sues TikTok over harmful content
TikTok is being sued by seven families in France, who accuse the social media giant of exposing their children to harmful content – leading two to take their own lives.…
Bangladesh: Authorities step up repayments to Adani to avoid power supply cut
Bangladesh is ramping up payments to Adani Power after the Indian conglomerate cut electricity supplies by half, reportedly over an unpaid $800m bill. Two senior government officials said that they…
USA: Trump slams media in Pennsylvania
Republican presidential candidate Donald Trump has given a profane and conspiracy-laden speech two days before the presidential election, as his Democratic rival Kamala Harris spoke at a historically Black church…
China: Manufacturers worried about Trump’s tariff plans
The US is by far the top destination for China’s exports, taking in more than $400bn worth of its goods each year. With so much trade at risk, UBS has…