Australia passes the world’s first law banning under 16s from social media. Israel and Hezbollah trade accusations of ceasefire violations. Voters head to the polls in Ireland’s election. And we look at how Russia’s new ‘Oreshnik’ missile works.
Sign up for the Reuters Econ World newsletter here.
Listen to the Reuters Econ World podcast here.
Find the Recommended Read here.
Visit the Thomson Reuters Privacy Statement for information on our privacy and data protection practices.
You may also visit megaphone.fm/adchoices to opt out of targeted advertising.
Learn more about your ad choices. Visit megaphone.fm/adchoices
Today, Australia bans social media for under-sixteens. Israel and Hezbollah trade ceasefire violation accusations. You look at how Russia's new arrestnik missiles work. And Ireland's governing parties look set to buck the trend of voters punishing incumbents for inflation. It's Friday, November 29th. This is Reuters World News, bringing you everything you need to know from the frontlines in ten minutes every weekday. I'm Tara Oakes, and Liverpool. When you hear LSEG data and analytics, what do you think of? Comprehensive data you can trust, exclusive access to Reuters news, industry-leading analytics and unique insights. Discover new possibilities with LSEG data and analytics. We've got your back is our message to Australian parents. Australian Prime Minister Antony Albanese after the country's parliament passed a law banning those under the age of 16 from using social media platforms. The law forces tech giants from meta to TikTok to stop miners from logging in or face fines of over $30 million a year. A trial of enforcement methods will start in January, with the ban to take effect in a year. But one user, 11-year-old Emma Wakefield, says it won't stop her. I feel like I still use it like to secretly get it or something. Israel and Hezbollah have traded accusations of violating a fragile ceasefire the day after the deal went into effect. Maya Djibaly is in Beirut. So, Maya, what do these accusations mean for the ceasefire deal? I think we need to take a step back to actually look at what each side is accusing the other of doing. So, what these really military said on Wednesday and Thursday is that it noted activity in the southern border strip. The Israeli military has basically created a no-go zone in that border strip, which is actually not part of the ceasefire deal. But they've said, along these villages, you know, IDF troops are still present and we are banning any activity along the border stretching all the way from the West all the way across the East. There's dozens of villages included in that strip and the IDF says any activity around these villages will be considered a violation of the deal. Now, again, that's not actually in the text of the ceasefire. And what about the other side? The Lebanese army and Hezbollah have said is that the IDF firing on any activity that it sees along that border strip is a violation of the deal, which stipulates that there shall be a complete cessation of hostilities except for issues in matters of self-defense. Lebanese army and Hezbollah also point to an Israeli airstrike that took place north of the Litany River on Thursday, targeting apparently what the IDF said was a facility where Hezbollah was storing mid-range rockets. So, when you get into the details of it, what it actually really shows you is that there's still a lot of fog around the ceasefire deal in terms of what can be considered a violation and what is not considered a violation. The fundamental issue is that the monitoring mechanism that is supposed to be upholding and monitoring and checking what these different breaches are, that hasn't been set up yet. That's supposed to include Unifil, the Lebanese, the Israelis, the US and the French. Sticking with the Middle East, Iranian and European diplomats are meeting today in Geneva. On the agenda, whether they can get on the same page to defuse tensions, including over Tehran's disputed nuclear program before Donald Trump returns to the White House. And speaking of the President-elect, it was a friendly phone call that was Mexican President Claudia Shinebaum's assessment of a recent conversation with Trump. She says they agreed to maintain good relations in an apparent easing of tensions between the trading partners amid his tariff threats. In eastern Uganda, at least 15 people have been killed after a landslide triggered by heavy rains buried dozens of homes across several villages. Ugandimra cross-society footage showing villages crying as others pull mudslide victims out of the ground. More than 100 people are missing. Police and protesters clashed in the Georgian capital of Tbilisi early this morning. The protests coming after the country's ruling party said the government would suspend talks on European Union accession until 2028. And in Ukraine, the second major Russian attack on its energy infrastructure this month. It triggered deep power cuts across the country, who President Volodimer Zelensky calling it a "dispicable escalation." Russian President Vladimir Putin saying its strike was in response to Ukraine viewing U.S. attacks on Russian territory. Putin has also threatened to use Russia's new Oreshnik hypersonic missile to attack decision-making centers in Kiev. He's called the weapon "unstoppable." But military experts have told Reuters it's actually an application of old technology used for many years in intercontinental ballistic missiles. Our Ukraine bureau chief Tom Baumforth spoke to missile expert Jeffrey Lewis, who gave us a lowdown on how the new Oreshnik missile works, especially the warhead "bus," which sits on top of the booster and drops the warheads from space onto their targets. What the Russians have done is taken that basic idea of a bus and they've married it to conventional weapons and used it to deliver conventional weapons for the first time in the history. This is a new capability, but it is not a capability that represents a dramatic change in the way that conventional weapons are developed. It's old technologies put together in a new way. There's a lot of equipment in that piece of kit, right? I imagine it's hugely expensive. Do you know the rationale for Putin continuing to use these? If he has enough of them to use, or do you think that would just be insane? I'm not going to say what is or is not insane when dealing with Volodimer Putin. The man has his own calculus. This is an incredibly expensive way to deliver what is probably not much destruction. We will have to see how much damage the Russians were able to do to this plant, but this is a conventional ballistic missiles are really, really expensive way to do a small amount of damage. Volodimer Putin did two days of press around the thing. If the weapon were inherently terrifying, he would just use it, but that's not quite enough. He's had to use it, and then he had to do a press conference, and then he had to do a second press conference to say, "Hey, this thing is really scary." To see how the missiles were adapted, follow the link in the pod description to see our video and graphics following how it worked on each step of its path and pictures of the missile record. South Korea's biggest music label, Hype, is having a very bad day on markets. K-pop group New Genes is breaking up with them, and Carmel Kremens has more. The girl group wiped seven percent of Hype's market value after they announced they were parting ways. It's a dramatic move. Hype is an influential studio. It's the label behind Supergroup BTS, and typically in this industry, stars are locked into multi-year agreements. The back story here is that New Genes has been caught up in infighting between Hype and the band's creative director. At a late night press conference, they told their bunnies, which is how they refer to their fans, that they're hoping to release new music next year, but they have said they might not be able to use their band name anymore. Hype is saying the agreement with the group remains in effect, so a legal battle may ensue. And staying in Dublin. It's been a bad year for governments seeking re-election in Europe. But Ireland may be about to buck that trend. Opinion polls suggest its two-centre-right governing parties will retain power. Porik Halpin is covering today's vote from Dublin. Porik, why would Ireland be immune to what's happened in other Western democracies, with voters punishing governments for years of inflation? I think the big difference in Ireland is the public finances. So the government have had these very large budget services for the last two to three years. And rather than the spending cuts and tax increases, you're seeing countries like France, Britain had a very difficult budget recently. In Ireland, there have been big giveaway budgets, big spending increases, income tax cuts. You've had parents, pensioners, carers, all getting one-off payments to help with the cost of living. And a lot of those payments actually, obviously, not without coincidence, landed during the campaign themselves, has quelled some of the frustration out there. I don't think people are happy. There's definitely a sense of frustration during the campaign. But the government has, I suppose, the financial power to quell that enough that it looks like it's on course for re-election. And speaking of elections and inflation, this week's econ world podcast is all about the outlook for prices as President-elect Donald Trump takes office. You can capture on the Reuters app, or wherever you get your podcasts. Experience the difference with Elseig Workspace. Your personal ecosystem for unique insights, news and analytics. With AI augmented recommendations to gain the competitive edge and collaborate effortlessly with your community. Elseig Workspace supercharge your impact. And for today's recommended read, let's keep that Thanksgiving holiday spirit going into the weekend. We've got the highlights from a 98 Macy's Thanksgiving day parade in New York. There's a link to the story and the photos in the pod description. And if you're in holiday shopping mode with Black Friday, check out our special weekend episode all about retail. It's out tomorrow. For more on any of our stories from today, check out rotties.com or the Reuters app. To never miss an episode, follow us on your favorite podcast player. We'll be back on Monday with our daily headline show.
Australia passes the world’s first law banning under 16s from social media. Israel and Hezbollah trade accusations of ceasefire violations. Voters head to the polls in Ireland’s election. And we look at how Russia’s new ‘Oreshnik’ missile works.
Sign up for the Reuters Econ World newsletter here.
Listen to the Reuters Econ World podcast here.
Find the Recommended Read here.
Visit the Thomson Reuters Privacy Statement for information on our privacy and data protection practices.
You may also visit megaphone.fm/adchoices to opt out of targeted advertising.
Learn more about your ad choices. Visit megaphone.fm/adchoices
