Australia won't be intimidated by firms over social media ban, minister tells BBC

YouTube has announced its compliance with Australia's new social media ban targeting teenagers, which aims to restrict access to certain platforms for individuals under 16. This decision aligns with the government's ongoing efforts to address concerns regarding the impact of social media on youth mental health and well-being.

Australia's economy is reportedly nearing its growth limits, according to a leading central banker, indicating potential challenges ahead for economic expansion. This assessment comes amid rising concerns about inflation and interest rates, which could impact future monetary policy decisions.

The selloff in Australia’s sovereign debt is expected to continue as economic data emerges that may support a hawkish stance from the Reserve Bank of Australia (RBA) in the coming year. This trend reflects growing concerns about inflation and interest rates, which could impact investor confidence in government bonds.

Australia's ASX has experienced a significant outage that has disrupted corporate announcements and affected its website functionality, raising concerns among investors and market analysts. This incident highlights vulnerabilities in the trading infrastructure that could impact investor confidence.

House prices in Australia have increased, but growth has slowed notably in major cities like Sydney and Melbourne, according to Cotality. This trend indicates a potential cooling in the housing market, which has seen significant fluctuations in recent years.

Australia's Treasury Wine has announced a potential impairment of its U.S. assets, leading to a significant drop in its share price, which has now reached a decade low. This development highlights ongoing challenges faced by the company in the U.S. market, raising concerns among investors about its financial health.