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Ruling comes as part of second phase of landmark trial that found social media company enabled harm against usersA New Mexico court has ordered Meta, the parent company of Facebook, to pay $567m for mental health harm to children from its platforms.Judge Bryan Biedscheid said the bulk of the money – $420m – would be used for treatment services for young people. The rest will go toward awareness and prevention, screening services and other costs over the next five years. Continue reading...

Agreement with RWE is fifth deal Trump team has made with energy companies, offering payouts to give up projectsThe German energy company RWE has reached a $1.22bn deal with the US government to relinquish its offshore wind leases and instead redirect funds towards fossil fuel investments.The agreement marks the fifth deal the Donald Trump administration has struck with energy companies, offering payouts in exchange for abandoning renewable energy projects and redirecting investment towards fossil fuels. Continue reading...

Company and subsidiary Statsig alleged by US justice department to have favored foreign workers in hiringOpenAI and a subsidiary will pay $3.2m to settle US government claims that they ⁠favored foreign workers with temporary employment visas and discriminated against US job applicants in recruiting and hiring, the justice department said ⁠on Tuesday.The justice ⁠department in ​a release said that OpenAI and Statsig, which makes product development software, recruited foreign workers for some open positions and ⁠took various steps to discourage US workers from applying. Continue reading...

National Foreign Trade Council ‘disappointed’ at move to expand News Bargaining Incentive but Australian experts say government is not going far enoughFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastA major US trade body has rubbished the Albanese government’s plan to make more big tech platforms pay for Australian journalism, issuing a veiled warning about how Donald Trump may respond to the “deteriorating trend”.The National Foreign Trade Council said it was “disappointed” at the Australian government’s move to expand its News Bargaining Incentive (NBI) to take in Microsoft’s LinkedIn, amid trade tensions between Washington and Canberra including newly increased tariffs on Australian goods. Continue reading...

Increase in annual pay packets began from August 1. Follow updatesThe deputy leader of the opposition, Jane Hume, will appear on ABC’s Insiders after 9.Petrol prices set to rise as fuel excise relief endsObviously we always monitor the situation and take steps as necessary, but our policy decision is clear. Continue reading...

Indian conglomerate offsets earnings from Carmichael mine to report $340.6m loss, after promising billions in taxes and royaltiesGet our breaking news email, free app or daily news podcastIndian conglomerate Adani will pay no company tax despite generating almost $1bn in revenue from coal mining in Queensland over the past year.Financial accounts show the Carmichael thermal coal operations used large costs – including production and related party logistics expenses – to offset its $963.5m revenue in the 12 months to 31 March. This resulted in a recorded $340.6m loss for the year, erasing it’s tax bill. Continue reading...

• Tensions between the United States and Iran have escalated into a dangerous new phase following a series of mutual military strikes over the past 24 hours. • Iran has vowed that the U.S. "will pay the price" after a specific strike occurred in Qeshm, undoing several days of relative calm. • The escalation is fueled by faltering diplomacy and the increasing involvement of other regional powers, raising significant fears of a wider Middle East war.