The parent company of Facebook and Instagram, Meta, will tighten requirements for financial services ads, including loans and investments, to combat fraudulent advertising. Social media companies have criticized the new limits as rushed and hard to enforce, while human rights groups argue that an outright ban is disproportionate. Meanwhile, the Australian government is proposing new competition powers to target anti-competitive behaviors among digital giants, with potential penalties of up to $50 million or 30% of a company’s turnover.
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Trump says Japan will receive trade letter
US President Donald Trump announced that Japan will receive a letter regarding trade tariffs, emphasizing respect for Japan while highlighting its rice shortage. Meanwhile, US-Canada trade negotiations are set to resume after Canada abandoned plans for a digital services tax, with optimism surrounding upcoming trade deals as the July 9 deadline approaches for tariff rate adjustments. Explain It To Me Like I'm 5: US President Donald Trump announced that he will send a letter to...
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