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Australia social media watchdog sees common cause with US as age ban begins

Australia social media watchdog sees common cause with US as age ban begins

By Byron Kaye SYDNEY, Dec 10 (Reuters) - The regulator overseeing Australia's world-first teenage social media ban rejected the "technological exceptionalism" championed by mostly U.S.-based platforms and said a groundswell of American parents wanted similar measures. eSafety Commissioner Julie
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Analysis-Trump fuel economy rollback may make cars cheaper, but higher gas bills will absorb savings

Analysis-Trump fuel economy rollback may make cars cheaper, but higher gas bills will absorb savings

By Valerie Volcovici WASHINGTON, Dec 8 (Reuters) - The Trump administration's proposal to roll back Biden-era vehicle fuel efficiency standards may save automakers in the U.S. tens of billions of dollars and potentially lower upfront purchase costs for American car buyers.
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China's trade surplus tops $1 trillion as its exports surge

China's trade surplus tops $1 trillion as its exports surge

China's exports returned to growth in November after an unexpected contraction in October, pushing its trade surplus for 2025 past the $1 trillion mark for the first time
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China's trade surplus tops $1 trillion as its exports surge while imports lag behind

China's trade surplus tops $1 trillion as its exports surge while imports lag behind

China's exports returned to growth in November after an unexpected contraction in October, pushing its trade surplus for 2025 past the $1 trillion mark for the first time
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Trading Day: Fed uncertainty hits stocks and bonds

Trading Day: Fed uncertainty hits stocks and bonds

ORLANDO, Florida, Dec 8 (Reuters) - Apprehension ahead of the Federal Reserve's policy decision later this week weighed on Wall Street on Monday, while continued selling in U.S. Treasuries pushed the 30-year yield to its highest in three months. More on that below.
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China's November exports top expectations, imports underperform

China's November exports top expectations, imports underperform

BEIJING, Dec 8 (Reuters) - China's exports topped forecasts in November, buoyed by a boost from a tariff truce with the U.S. even as weak factory activity and vanishing returns from front-loading point to a challenging 2026.
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Morning Bid: Wobbling bonds find a level as Fed meets

Morning Bid: Wobbling bonds find a level as Fed meets

By Mike Dolan Dec 9 - What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Finance and Markets Fed week got off to a rocky start in global markets, courtesy of bond market hits across the world, but government debt yields stabilized on Tuesday as the Federal Reserve started
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UK's Ambitious Nuclear Energy Plans Face Supply Chain and Regulatory Challenges

UK's Ambitious Nuclear Energy Plans Face Supply Chain and Regulatory Challenges

The United Kingdom is aiming to revitalize its nuclear energy sector, which historically was a global leader but has since fallen behind. The UK government is investing in both large-scale nuclear projects and smaller, next-generation reactors known as small modular reactors (SMRs). Rolls-Royce has been selected as the preferred partner for SMRs, which are designed to be safer and more cost-effective. However, the UK faces significant challenges, including a fragmented regulatory framework and a supply chain heavily reliant on a few countries for uranium. The Nuclear Regulatory Taskforce has called for urgent reforms to address these systemic issues. The government plans to implement these recommendations and is expected to present a detailed plan within three months.
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Netflix, Paramount fight for Warner Bros Discovery in Hollywood power tussle

Netflix, Paramount fight for Warner Bros Discovery in Hollywood power tussle

By Jaspreet Singh Dec 8 (Reuters) - Paramount Skydance launched a hostile bid worth $108.4 billion for Warner Bros Discovery, challenging a rival offer from Netflix and injecting uncertainty into the future of Hollywood's storied media company.
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Australia social media ban set to take effect, sparking a global crackdown

Australia social media ban set to take effect, sparking a global crackdown

By Byron Kaye SYDNEY, Dec 9 (Reuters) - Australia is set to become the first country to implement a minimum age for social media use on Wednesday, with platforms like Instagram, TikTok and YouTube forced to block more than a million accounts, marking the beginning of an expected global wave of
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Massachusetts seeks to block Kalshi from operating sports-prediction market

Massachusetts seeks to block Kalshi from operating sports-prediction market

By Nate Raymond BOSTON, Dec 9 (Reuters) - Massachusetts' attorney general will ask a judge on Tuesday to block prediction-market operator Kalshi from letting state residents bet on sports through its online platform, arguing that the company is running an unlicensed gambling enterprise.
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Greenland Grants 30-Year Mining Permit for EU-Backed Graphite Project

Greenland Grants 30-Year Mining Permit for EU-Backed Graphite Project

Greenland has approved a 30-year mining permit for the Amitsoq graphite deposit, managed by GreenRoc Mining. This project, supported by the European Raw Materials Alliance, aims to produce graphite, a critical mineral for energy transition technologies like electric vehicle batteries. The Amitsoq mine, located in southern Greenland, is expected to produce 80,000 tonnes of graphite concentrate annually. This development is part of Greenland's efforts to attract responsible investments while addressing environmental and social concerns. The project has been designated as a Strategic Project by the European Union, highlighting its importance in securing raw materials for Europe.