Author: ALJAZEERA

The social media giant follows Alphabet, Google’s parent company, which made a similar decision in November.Meta will suspend political and social issue advertising on its platforms in the European Union starting in October. Facebook and Instagram’s parent company announced the new policy change on Friday, citing legal uncertainty about the bloc’s new rules on political advertising. The Silicon Valley-based social media giant is following in the footsteps of Alphabet, Google’s parent company, which made the same decision in November. The EU legislation, called the Transparency and Targeting of Political Advertising (TTPA) regulation, which will apply from October 10, was prompted…

Cesar Martinez, 45, works full-time at a butcher shop in Buenos Aires, but in the last year, he has had to pick up other jobs to make it to the end of the month. So, when the government of President Javier Milei publicly celebrated a new drop in the inflation rate in June as a sign of a recovering economy, something didn’t quite add up. “The money one makes is never enough to afford everything, even the most basic things,” Martinez says. The sentiment is a shared one on the streets of Argentina’s capital, Buenos Aires. Little over a year…

United States President Donald Trump arrived at the Federal Reserve’s headquarters in Washington to tour the site of a $2.5bn renovation of two historical buildings, which the White House criticises as overly costly and ostentatious, as tensions escalate between the administration and the independent overseer of the nation’s monetary policy. Thursday’s rare presidential visit to the Fed is happening less than a week before the central bank’s 19 policymakers gather for a two-day rate-setting meeting, where they are widely expected to leave the US central bank’s benchmark interest rate in the 4.25-4.50 percent range. Trump has repeatedly demanded that the…

Canberra says restrictions will be lifted following a ‘rigorous science and risk-based assessment’.Australia has announced that it will lift tough restrictions on beef imports from the United States, removing measures singled out for criticism by US President Donald Trump. Agriculture Minister Julie Collins said the government would remove the biosecurity restrictions after a “rigorous science and risk-based assessment” found risks of disease were being managed on the US side. “Australia stands for open and fair trade – our cattle industry has significantly benefitted from this,” Collins said in a statement. Australia, which has some of the world’s toughest biosecurity measures,…

Malaysian leader also says petrol prices will be cut and highway toll rates frozen to address cost of living concerns.Malaysian Prime Minister Anwar Ibrahim has announced a package of measures aimed at easing the cost of living, including a 100 ringgit ($24) cash handout for all adult citizens. In a televised address on Wednesday, Anwar said the assistance would benefit 22 million Malaysians and be redeemable at more than 4,000 stores from August 31 to December 31. Anwar said the government would also reduce the price of subsidised petrol from 2.05 ringgit per liter (2.6 gallons) to 1.99 ringgit per liter for…

The move gives US Treasury a chance to recommend replacement, at time that US President Donald Trump is reshaping global economy.Gita Gopinath, the number two official at the International Monetary Fund, will leave her post at the end of August to return to Harvard University, the IMF has said. IMF Managing Director Kristalina Georgieva will name a successor to Gopinath in “due course”, the financial institution said in a statement on Monday. Gopinath joined the fund in 2019 as chief economist, the first woman to serve in that role, and was promoted to first deputy managing director in January 2022.…

Seoul, South Korea – When Sideny Sim had a chance to visit the United States on business several years ago, it was the fulfilment of a lifelong dream. Like many South Koreans, Sim had long admired the US as a cultural juggernaut and positive force in the world. These days, Sim, a 38-year-old engineer living near Seoul, feels no such love towards the country. As US President Donald Trump threatens to impose a 25 percent tariff on South Korea from August 1, Sim cannot help but feel betrayed. “If they used to be a country that was known to be a…

The US is set to shift its approach towards the G20 when it takes over the group’s rotating presidency from South Africa in December.The finance ministers of the Group of 20 have finally reached a consensus following meetings in South Africa, emphasising that central banks must remain independent in reaction to months of attacks by United States President Donald Trump. In their final statement published on Friday, following two days of meetings in the coastal city of Durban, the grouping agreed on key challenges for the global economy, including ongoing wars and conflicts, trade disputes, supply chain disruptions, debt and…

The Late Show with Stephen Colbert is going off air in May 2026, a decision hailed by United States President Donald Trump, a frequent target of the comedian. The announcement by CBS on Thursday that it will cancel the show comes against the backdrop of a looming merger between its parent company, Paramount, with Skydance Media. It also comes only days after the comedian called out Paramount for its $16m settlement with Trump. Trump, in a lawsuit, had alleged that 60 Minutes, the flagship news magazine at CBS, doctored an interview during the 2024 presidential campaign with his Democratic rival,…

Brazilian president says that Donald Trump was elected to lead the US, not to be ‘the emperor of the world’.Brazilian President Luiz Inacio Lula da Silva has said that his country will not take instructions from the United States after US President Donald Trump threatened Brazil with 50 percent tariffs and called for an end to the trial of right-wing ally Jair Bolsonaro. In an interview with CNN on Thursday, President Lula said that the tariffs have no “logic” but that he does not believe there is a “crisis” in relations between the US and his country as of yet.…