Zuckerberg agrees to settle multibillion-dollar lawsuit with a group of shareholders
Mark Zuckerberg has agreed to settle a multibillion-dollar lawsuit with a group of shareholders over how top executives at Meta handled repeated privacy violations by Facebook. Wedbush Securities analyst Dan Ives spoke to Corin Dann.
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RNZ News
12 hours ago
- RNZ News
Trump announces 'massive' Japan trade deal including 15 percent tariff
An extra edition of Japanese daily newspaper is published reporting that the United States of America and Japan had agreed on a 15 percent tariff in Osaka City. Photo: AFP / Takumi Harada US President Donald Trump has announced a "massive" trade deal with Japan, cutting a threatened 25-percent tariff to 15 percent ahead of a 1 August deadline. Trump has vowed to hit dozens of countries with punitive tariffs if they don't strike a deal with the United States by next month. So far, Trump has only announced pacts with Japan, Britain, Vietnam, the Philippines and Indonesia, while talks continue with other trade partners. "We just completed a massive Deal with Japan, perhaps the largest Deal ever made," Trump said on his Truth Social platform. Trump said that under the deal, "Japan will invest, at my direction, $550 Billion Dollars into the United States, which will receive 90% of the Profits." He did not provide further details on the unusual investment plan, but said the deal "will create Hundreds of Thousands of Jobs." Japanese imports into the United States were already subject to a 10-percent tariff, which would have risen to 25 percent on August 1 without a deal. Duties of 25 percent on Japanese autos - an industry accounting for eight percent of Japanese jobs - were also already in place, as well as 50 percent on steel and aluminum. Japanese Prime Minister Shigeru Ishiba said on Wednesday in Tokyo that the autos levy was cut to 15 percent. "We are the first (country) in the world to reduce tariffs on automobiles and auto parts, with no limits on volume," he told reporters. "We think it is a great achievement that we were able to get the largest cut (in tariffs) among countries which have trade surpluses with the US," he said. This sent Japanese auto stocks soaring on Wednesday, including Toyota which rocketed more than 12 percent. US-bound shipments of Japanese cars tumbled 26.7 percent in June, stoking fears that Japan could fall into a technical recession. Last year vehicles accounted for around 28 percent of Japan's 21.3 trillion yen (NZ$241.2 billion) of exports to the world's biggest economy. To Trump's annoyance, US-made cars sell poorly in Japan, with only hundreds sold annually for the likes of General Motors, compared to millions of Toyotas bought by US motorists. The US president also wanted Japan to increase imports of rice, the price of which has soared in recent months in the Asian giant, and of US oil and gas. But Trump said Tuesday that Japan has agreed to "open their Country to Trade including Cars and Trucks, Rice and certain other Agricultural Products, and other things". Rice imports are a sensitive issue in Japan, and Ishiba's government - which lost its upper house majority in elections on Sunday - had previously ruled out any concessions. Ishiba, whose future is uncertain following the election, said on Wednesday that the deal does not sacrifice Japan's agricultural sector. Trump has been under pressure to wrap up trade pacts after promising a flurry of deals ahead of his 1 August tariff deadline. Earlier on Tuesday, he announced a deal had been reached with the Philippines which would see the country face 19 percent tariffs on its exports. The White House also laid out details of a deal with Indonesia, which would see it ease critical mineral export restrictions and also face a 19 percent tariff, down from a threatened 32 percent. Indonesian goods deemed to have been transshipped to avoid higher duties elsewhere, however, will be tariffed at 40 percent, a US official told reporters Tuesday. After an escalatory tit-for-tat with China, the two major economies agreed to a temporary lowering of tariffs, with another round of negotiations expected next week in Stockholm. Since returning to the White House in January, Trump has imposed a sweeping 10 percent tariff on allies and competitors alike, alongside steeper levels on steel, aluminum and autos. Legal challenges to Trump's non-sectoral tariffs are ongoing. - AFP
RNZ News
16 hours ago
- RNZ News
Trump says he received $16 million payment after Paramount lawsuit settlement
By David Shepardson and Dawn Chmielewski , Reuters Donald Trump filed a lawsuit claiming the CBS news programme 60 Minutes deceptively edited an interview with Kamala Harris. Photo: AFP / Andrew Caballero-Reynolds US President Donald Trump said CBS parent company Paramount paid US$16 million on Tuesday as part of a lawsuit settlement. This month, Paramount agreed to settle a lawsuit filed by Trump claiming that the CBS news programme 60 Minutes deceptively edited an interview with former Vice President Kamala Harris that the network broadcast in October. Paramount needs approval from the Federal Communications Commission for its $8.4 billion merger with Skydance Media. The FCC did not make a decision by the 180-day informal deadline in mid-May and FCC Chair Brendan Carr has denied Trump's lawsuit was a factor. Paramount declined comment. Trump and CBS formally agreed on Tuesday to the dismissal of his lawsuit, according to a court filing. "We have just achieved a BIG AND IMPORTANT WIN in our Historic Lawsuit against 60 Minutes, CBS, and Paramount... Paramount/CBS/60 Minutes have today paid $16 Million Dollars in settlement, and we also anticipate receiving $20 Million Dollars more from the new Owners," Trump said in a post on Truth Social. Skydance declined to comment on Trump's social media post. Skydance and its investors plan to acquire National Amusements, which holds the family's controlling stake in Paramount. Skydance will subsequently be merged into Paramount, with its CEO, David Ellison, becoming Paramount's next chief executive. The New York Post previously reported Ellison, son of billionaire Oracle co-founder Larry Ellison, agreed to run up to $20 million in public service announcements (PSAs) to promote causes supported by the president. Following publication, Paramount issued a statement that its settlement with Trump "does not include PSAs or anything related to PSAs". Paramount also said it had no knowledge of any promises or commitments made to President Trump other than those put forth by the mediator. - Reuters
Scoop
18 hours ago
- Scoop
Childhood 2.0: AI Friends And Cyberbullying On The Digital Playground
Norton study shows 1 in 8 Kiwi parents report cyberbullying; 23% say kids turn to AI for emotional support Auckland, 23 July, 2025 – Norton, a global leader in consumer Cyber Safety and part of Gen (NASDAQ: GEN), released its 2025 Norton Cyber Safety Insights Report: Connected Kids, offering a comprehensive look at the Cyber Safety challenges parents of school aged children are up against. The report reveals that 1 in 8 parents* (13%) say their children have been victims of cyberbullying and another 23% say their child is turning to AI for companionship. As children in New Zealand are going digital earlier than ever, with many getting their first phone by age 12 according to the report, parents are navigating uncharted territory. The report highlights the urgent need to equip Kiwi families with resources to keep kids safe in a rapidly evolving digital landscape. 'Childhood today is radically different, and online activities blend into real life shockingly fast. Parents now play a frontline role in keeping their families safe as digital life starts earlier and earlier,' said Mark Gorrie, Norton Managing Director APAC and father of two. 'Our study reveals that on average, Kiwi adults today were 24 years old when they got their first mobile phone. But the generational gap is striking. Gen Z got theirs at just 14, Millennials at 16, Gen X at 26, and Boomers at 41. Children of parents in this study are getting their first mobile even earlier, with an average age of 12. With devices landing in kids' hands younger than ever, parents need both more support and a greater commitment to navigating the realities of raising digitally connected kids.' From Offline to Cyber Bullying While school yard bullying is nothing new, in 2025, it doesn't stop when the school bell rings. According to the report, nearly half (41%) of parents of cyberbullying victims say the perpetrator was a classmate or peer. Parents say this trolling and harassment spans numerous platforms. Visual-first social media platforms lead the charge – Snapchat and Instagram (both 33%), followed by Facebook (30%), and TikTok (28%). But not all cyberbullying is pervasive beyond social media. One in four parents (26%) say their child has been bullied via text messages. Strikingly, almost half (46%) of Kiwi parents say they knew their child was being cyberbullied before their child confided in them. This suggests many parents are picking up on warning signs, but awareness alone isn't enough. Over a quarter of parents (28%) admit they still haven't spoken with their children about staying safe online, leaving them underprepared when risks escalate. Managing screen time remains a constant struggle. Although nearly three-quarters of Kiwi parents try to enforce limits (72%), tech-savvy kids often find ways around them: 21% say their child has bypassed parental controls and admitted it to them. Another 31% discovered their child had secretly got around the restrictions without saying a word. Parents also report catching their children engaging in risky online behaviours – from staying up late on devices (31%) to accessing blocked sites (10%), sharing private information with strangers (10%), watching explicit content (9%), or even cyberbullying others (4%). Making AI Friends Another crucial concern addressed in the report is the growing role of AI in children's digital lives. For some children, AI isn't just a tool anymore; it's becoming a companion. Almost a quarter of Kiwi parents (23%) say their children use AI for companionship and emotional support. Concerns about AI's unintended effects remain high, with 34% saying AI isn't beneficial for children's learning and creativity. However, just like the gap in online safety talks, conversations about AI risks aren't happening enough at home. Only 41% of Kiwi parents say they've talked to their kids about AI dangers like deepfakes and misinformation. 'As AI-powered tools and AI companions become more common, parents face a bigger task than they may realise. Our study shows that around one in three Kiwi parents (30%) already take the right approach by regularly checking their child's devices – reviewing app usage, settings, and installed apps. It's a habit more Kiwi families should adopt to help guide children safely in the digital world.' says Gorrie. 5 Tips to Help Keep Kids Safer in a Connected World The Connected Kids Report underscores that, as children engage with technology earlier and more frequently, it's essential for parents to stay proactive, informed, and involved. Norton recommends the following steps to help create a safer and more supportive digital experience for kids: Start the Conversation Early Don't wait until there's a problem – talk to your children about online behaviour, safety, and kindness from the moment they start using devices. Use Parental Control Tools Thoughtfully Take advantage of built-in device settings and trusted parental control tools to set screen time limits, block inappropriate content, and monitor online activity. Norton solutions, such as Norton Family with features like School Time, can help parents create healthy digital boundaries while fostering trust and transparency. Teach Kids to Recognise Red Flags Help children understand the signs of cyberbullying, scams, AI manipulation, or predatory behaviour, and empower them to speak up if something feels off. Model Healthy Tech Use Kids mirror adult behaviour. Set a positive example by putting devices down during family time, managing your own screen use, and showing how to engage responsibly online. Stay Involved, Stay Curious Regularly check in with your child about what they're doing online. Ask questions, explore apps together, and keep learning about new trends – whether it's AI chatbots or the latest social media platform. For access to full results of the 2025 Norton Cyber Safety Insights Report: Connected Kids, please visit About the 2025 Norton Cyber Safety Insights Report: Connected Kids The study was conducted online within New Zealand by Dynata on behalf of Gen from 24 April to 9 May 2025 among 1,001 adults ages 18 and older. Data are weighted where necessary by age, gender, and region, to be nationally representative. Within this report, mentions of parents refer to parents with children younger than 18 years old. About Norton Norton is a leader in Cyber Safety, and part of Gen (NASDAQ: GEN), a global company dedicated to powering Digital Freedom with a family of trusted consumer brands. Norton empowers millions of individuals and families with award-winning protection for their devices, online privacy and identity. Norton products and services are certified by independent testing organisations including AV-TEST, AV-Comparatives, and SE Labs. Norton is a founding member of the Coalition Against Stalkerware. Learn more at * Parents refers to parents with children under the age of 18.
