Category Archives: Business

Australian PM: Willing to discuss “underage social media ban” with Musk

Australian Prime Minister Albanese said on December 1 that he was willing to discuss Australia’s social media ban on minors with Musk, the owner of social platform X.

On November 28, the Senate of the Australian Federal Parliament passed a bill to ban minors under the age of 16 from using most social media platforms. The new law is due to take effect in 12 months.

“Elon Musk, he has his own agenda, and as the owner of X, he has the right to advance this agenda,” Albanese added on the Australian Broadcasting Corporation’s program.

The bill does not specify which platforms will be banned. However, Australian Communications Minister Michelle Rowland previously stated that the ban applies to Snapchat, TikTok, Facebook, Instagram and X.

Companies that fail to take reasonable measures to prevent minors under the age of 16 from using their platforms will face fines of up to 49.5 million Australian dollars. Elon Musk, the world’s richest man, Tesla CEO and X owner, has repeatedly opposed Australia’s ban.

Australia launches third anti-dumping investigation on Chinese aluminum profiles

The Australian Anti-Dumping Commission issued Announcement No. 2024/085, stating that in response to an application submitted by Australian domestic company Capral Limited, it launched the third anti-dumping and countervailing duty sunset review investigation on aluminum profiles imported from China.

The dumping investigation period of this case is from October 1, 2023 to September 30, 2024, and the injury investigation period is from October 1, 2020 to September 30, 2024.