Federal Reserve cuts interest rates, trims workforce
The Federal Reserve on Wednesday reduced its benchmark interest rate by a quarter point to a range of 4–4.25%, responding to slowing economic growth...
Australia's eSafety Commission fined messaging platform Telegram about A$1 million for its delay in providing information on measures to prevent child abuse and violent extremist content, the regulator announced on Monday.
Australia’s online safety regulator has imposed a fine of around A$1 million ($640,000) on messaging platform Telegram over delays in responding to questions about steps taken to prevent the spread of child abuse material and violent extremist content.
In March 2024, the eSafety Commission requested information from social media platforms, including YouTube, X, Facebook, Telegram, and Reddit, regarding efforts to curb extremism and child abuse content on their platforms. While other platforms complied by May, Telegram did not respond until October.
eSafety Commissioner Julie Inman Grant stressed the importance of timely transparency, stating, "Timely transparency is not a voluntary requirement in Australia." She noted that Telegram’s delay obstructed eSafety’s efforts to enforce online safety measures.
Telegram defended itself, stating it had fully responded to eSafety’s questions last year and that the penalty was “unfair and disproportionate,” focusing only on the timing of the response. The company intends to appeal.
The messaging platform faces increasing scrutiny worldwide, with its founder Pavel Durov under investigation in France over alleged illegal activities facilitated by the app. Durov, currently out on bail, has denied the allegations.
Grant emphasised that greater transparency is needed from Big Tech to prevent platforms from being misused for extremist or harmful purposes. If Telegram ignores the penalty notice, eSafety may pursue a civil penalty in court.
The Australian government continues to pressure technology companies to implement stronger safety measures, citing growing risks from online extremist content, particularly involving young people.
AnewZ has learned that India has once again blocked Azerbaijan’s application for full membership in the Shanghai Cooperation Organisation, while Pakistan’s recent decision to consider diplomatic relations with Armenia has been coordinated with Baku as part of Azerbaijan’s peace agenda.
A day of mourning has been declared in Portugal to pay respect to victims who lost their lives in the Lisbon Funicular crash which happened on Wednesday evening.
A Polish Air Force pilot was killed on Thursday when an F-16 fighter jet crashed during a training flight ahead of the 2025 Radom International Air Show.
At least eight people have died and more than 90 others were injured following a catastrophic gas tanker explosion on a major highway in Mexico City’s Iztapalapa district on Wednesday, authorities confirmed.
Google said on Tuesday it would make £5 billion pounds ($6.80 billion) in new investments into Britain ahead of U.S. President Donald Trump's state visit to the country, which is expected to feature a flurry of business deals and partnerships.
The founding family of Italiana Petroli is close to finalising the sale of the oil refiner to the State Oil Company of Azerbaijan (SOCAR), in a deal that would give the Azerbaijani group control of one of Italy’s largest petrol station networks, three sources have said.
India's retail inflation (INCPIY=ECI) rose to 2.07% in August as food prices edged up, although it remained within the central bank's tolerance range for the tenth consecutive month.
Jaguar Land Rover (JLR) said Wednesday that it now believes “some data has been affected” after a cyberattack forced the company to shut down operations last Tuesday. Staff have been instructed to work from home since the incident.
Oracle co-founder Larry Ellison has overtaken Tesla Chief Elon Musk as the world’s richest person after a surge in the company’s stock lifted his net worth to $393 billion, according to the Bloomberg Billionaires Index.
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