Paramount-Warner Merger Could Reshape Media Landscape

Disney is expected to lay off thousands of employees in its biggest round of job cuts this year, according to Variety. The cuts at a major entertainment company signal continued cost-cutting across the media industry and will affect a large number of workers.

Reddit argued that Australia rushed through an “ill-thought-out” ban on under-16s using social media as its High Court challenge began. The case tests a landmark law that could reshape age verification and minors’ access to platforms. Its outcome could set a precedent for similar restrictions worldwide.

The Reserve Bank of Australia raised its cash rate for the fifth time this year, increasing pressure on mortgage holders. The move is aimed at curbing inflation but will raise repayments for borrowers and affect the wider economy.

The Reserve Bank of Australia is meeting today before announcing its latest cash rate decision. The outcome is being watched for its impact on mortgages, inflation, and the Australian economy.

Homes have been bulldozed in India’s Assam state, forcing thousands of people to leave, Al Jazeera reports. The mass displacement raises concerns about housing rights and the impact on affected communities.