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Australia's prime minister said Sunday he was ready to "engage" with billionaire X owner Elon Musk over his criticism of the government's ban on under-16s joining social media. Anthony Albanese hailed the parliament's Thursday passage of landmark legislation requiring social media firms to take "reasonable steps" to prevent young teens from having accounts. The law, which will come into effect after 12 months, gives few details of how it will be enforced, including how sites like Facebook, Instagram and X will verify users' ages. Musk -- who has been named Donald Trump's government efficiency chief in the incoming US administration -- posted on X last month that the law "seems like a backdoor way to control access to the Internet by all Australians". "We will talk to anyone," Albanese said when asked if he would discuss the legislation with Musk. "With regard to Elon Musk, he has an agenda. He's entitled to push that as the owner of X, formerly known as Twitter," Albanese told Australian public broadcaster ABC. When the interviewer mentioned that Musk was also Trump's "right-hand man", the prime minister replied: "We will engage, we will engage." Social media firms that fail to comply with the new law face fines of up to Aus$50 million (US$32.5 million) for "systemic breaches". Musk's platform in October lost a legal bid to avoid a US$417,000 fine levelled by Australia's online watchdog, which has accused X of failing to stamp out harmful posts. - 'Bullying' - The government will decide over the next 12 months how to implement the ban, Albanese said, insisting, however, that it would not require people to provide identification. "The obligation will be on social media companies to do everything they can to make sure that those people under 16 don't have access to social media," the prime minister said. "We know that social media companies have more information about you and I than some of our friends do," he added. "We know that they are able to do that, and the obligation will be on them." Albanese said he was "determined" to implement the legislation. "I've met parents who have had to bury their children as a result of the impact that social media has had as a result of bullying, and we need to do something about it," he said. Several social media giants have promised to work with the government on implementing the law. But they have also criticised the legislation, saying it was "rushed", full of unanswered questions, and did not take into account the views of experts who opposed it. The UN children's charity UNICEF Australia warned this week that the law was no "silver bullet" against online harm and could push kids into "covert and unregulated" spaces online. djw/mp/cwl

Coote was sacked earlier this month after the emergence of a video in which he made derogatory remarks about Liverpool and their former manager Jurgen Klopp. Professional Game Match Officials Limited (PGMOL) said that a thorough investigation had concluded he was “in serious breach of the provisions of his employment contract, with his position deemed untenable”. “Supporting David Coote continues to be important to us and we remain committed to his welfare,” PGMOL’s statement on December 9 added. Coote had the right to appeal against the decision but PA understands the Nottinghamshire referee has decided not to. The video which triggered PGMOL’s investigation into Coote’s conduct first came to public attention on November 11. In it, Coote is asked for his views on a Liverpool match where he has just been fourth official, and describes them as “s***”. He then describes Klopp as a “c***”, and, asked why he felt that way, Coote says the German had “a right pop at me when I reffed them against Burnley in lockdown” and had accused him of lying. “I have got no interest in speaking to someone who’s f****** arrogant, so I do my best not to speak to him,” Coote said. Later in the video, Coote again refers to Klopp, this time as a “German c***”. The Football Association opened its own investigation into that video, understood to be centred on that last comment and whether Coote’s reference to Klopp’s nationality constituted an aggravated breach of its misconduct rules. The investigation by PGMOL which led to Coote’s contract being terminated is also understood to have looked at another video which appeared to show Coote snorting a white powder, purportedly during Euro 2024 where he was one of the assistant VARs for the tournament. European football’s governing body UEFA also appointed an ethics investigator to look into the matter.Australia's prime minister said Sunday he was ready to "engage" with billionaire X owner Elon Musk over his criticism of the government's ban on under-16s joining social media. Anthony Albanese hailed the parliament's Thursday passage of landmark legislation requiring social media firms to take "reasonable steps" to prevent young teens from having accounts. The law, which will come into effect after 12 months, gives few details of how it will be enforced, including how sites like Facebook, Instagram and X will verify users' ages. Musk -- who has been named Donald Trump's government efficiency chief in the incoming US administration -- posted on X last month that the law "seems like a backdoor way to control access to the Internet by all Australians". "We will talk to anyone," Albanese said when asked if he would discuss the legislation with Musk. "With regard to Elon Musk, he has an agenda. He's entitled to push that as the owner of X, formerly known as Twitter," Albanese told Australian public broadcaster ABC. When the interviewer mentioned that Musk was also Trump's "right-hand man", the prime minister replied: "We will engage, we will engage." Social media firms that fail to comply with the new law face fines of up to Aus$50 million (US$32.5 million) for "systemic breaches". Musk's platform in October lost a legal bid to avoid a US$417,000 fine levelled by Australia's online watchdog, which has accused X of failing to stamp out harmful posts. - 'Bullying' - The government will decide over the next 12 months how to implement the ban, Albanese said, insisting, however, that it would not require people to provide identification. "The obligation will be on social media companies to do everything they can to make sure that those people under 16 don't have access to social media," the prime minister said. "We know that social media companies have more information about you and I than some of our friends do," he added. "We know that they are able to do that, and the obligation will be on them." Albanese said he was "determined" to implement the legislation. "I've met parents who have had to bury their children as a result of the impact that social media has had as a result of bullying, and we need to do something about it," he said. Several social media giants have promised to work with the government on implementing the law. But they have also criticised the legislation, saying it was "rushed", full of unanswered questions, and did not take into account the views of experts who opposed it. The UN children's charity UNICEF Australia warned this week that the law was no "silver bullet" against online harm and could push kids into "covert and unregulated" spaces online. djw/mp/cwl

Stock indexes drifted to a mixed finish on Wall Street on Thursday as some heavyweight technology and communications sector stocks offset gains elsewhere in the market. The S&P 500 fell less than 0.1% after spending the day wavering between small gains and losses. The tiny loss ended the benchmark index’s three-day winning streak. The Dow Jones Industrial Average added 0.1% and the Nasdaq composite fell 0.1%. Trading volume was lighter than usual as US markets reopened following the Christmas holiday. Semiconductor giant Nvidia, whose enormous valuation gives it an outsize influence on indexes, slipped 0.2%. Meta Platforms fell 0.7%, and Amazon and Netflix each fell 0.9%. Tesla was among the biggest decliners in the S&P 500, finishing 1.8% lower. Some tech companies fared better. Chip company Broadcom rose 2.4%, Micron Technology added 0.6% and Adobe gained 0.5%. Health care stocks were a bright spot. CVS Health rose 1.5% and Walgreens Boots Alliance added 5.3% for the biggest gain among S&P 500 stocks. Several retailers also gained ground. Target rose 3%, Ross Stores added 2.3%, Best Buy rose 2.9% and Dollar Tree gained 3.8%. Traders are watching to see whether retailers have a strong holiday season. The day after Christmas traditionally ranks among the top 10 biggest shopping days of the year, as consumers go online or rush to stores to cash in gift cards and raid bargain bins. US-listed shares in Honda and Nissan rose 4.1% and 16.4% respectively. The Japanese car makers announced earlier this week that the two companies are in talks to combine. All told, the S&P 500 fell 2.45 points to 6,037.59. The Dow added 28.77 points to 43,325.80. The Nasdaq fell 10.77 points to close at 20,020.36. Wall Street also got a labour market update. US applications for unemployment benefits held steady last week, though continuing claims rose to the highest level in three years, the Labour Department reported. Treasury yields mostly fell in the bond market. The yield on the 10-year Treasury slipped to 4.58% from 4.59% late on Tuesday. Major European markets were closed, as well as Hong Kong, Australia, New Zealand and Indonesia. Trading was expected to be subdued this week with a thin slate of economic data on the calendar.