BOJ should continue to tighten policy, US Treasury says
"BOJ policy tightening should continue to proceed in response to domestic economic fundamentals including growth and inflation, supporting a normalization of the yen's weakness against the dollar and a much-needed structural rebalancing of bilateral trade," the Treasury said in its exchange-rate report to Congress.
"Treasury also stresses that government investment vehicles, such as large public pension funds, should invest abroad for risk-adjusted return and diversification purposes, and not to target the exchange rate for competitive purposes," the report said on Japan.
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Straits Times
2 hours ago
- Straits Times
World economies reel from Trump's tariffs punch
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Straits Times
3 hours ago
- Straits Times
Rwanda, Congo agree on outline for economic integration framework as part of peace deal, US says
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Straits Times
3 hours ago
- Straits Times
Musk's X must face part of lawsuit over child pornography video
Sign up now: Get ST's newsletters delivered to your inbox FILE PHOTO: 'X' logo is seen on the top of the headquarters of the messaging platform X, formerly known as Twitter, in downtown San Francisco, California, U.S., July 30, 2023. REUTERS/Carlos Barria/File Photo A federal appeals court on Friday revived part of a lawsuit accusing Elon Musk's X of becoming a haven for child exploitation, though the court said the platform deserves broad immunity from claims over objectionable content. While rejecting some claims, the 9th U.S. Circuit Court of Appeals in San Francisco said X, formerly Twitter, must face a claim it was negligent by failing to promptly report a video containing explicit images of two underage boys to the National Center for Missing and Exploited Children (NCMEC). The case predated Musk's 2022 purchase of Twitter. A trial judge had dismissed the case in December 2023. X's lawyers did not immediately respond to requests for comment. Musk was not a defendant. One plaintiff, John Doe 1, said he was 13 when he and a friend, John Doe 2, were lured on SnapChat into providing nude photos of themselves to someone John Doe 1 thought was a 16-year-old girl at his school. The SnapChat user was actually a child pornography trafficker who blackmailed the plaintiffs into providing additional explicit photos. Those images were later compiled into a video that was posted on Twitter. According to court papers, Twitter took nine days after learning about the content to take it down and report it to NCMEC, following more than 167,000 views, court papers showed. Circuit Judge Danielle Forrest said section 230 of the federal Communications Decency Act, which protects online platforms from liability over user content, didn't shield X from the negligence claim once it learned about the pornography. Top stories Swipe. Select. Stay informed. World Trump deploys nuclear submarines in row with Russia World 'Optimistic' Bessent says US has makings of a deal with China Asia Asia-Pacific economies welcome new US tariff rates, but concerns over extent of full impact remain Singapore Man in SAF custody after allegedly vaping on bus while in army uniform Asia 'Like me? Approach me directly, okay?': Inside a matchmaking event for China's wealthy Opinion America is tearing down another great public institution Opinion Quiet zones in public spaces can help people recharge in the city Tech Reporting suspected advanced cyber attacks will provide a defence framework: Shanmugam "The facts alleged here, coupled with the statutory 'actual knowledge' requirement, separates the duty to report child pornography to NCMEC from Twitter's role as a publisher," she wrote for a three-judge panel. X must also face a claim its infrastructure made it too difficult to report child pornography. It was found immune from claims it knowingly benefited from sex trafficking, and created search features that "amplify" child pornography posts. Dani Pinter, a lawyer at the National Center on Sexual Exploitation, which represented the plaintiffs, said in a statement: "We look forward to discovery and ultimately trial against X to get justice and accountability." The case is Doe 1 et al v Twitter Inc et al, 9th U.S. Circuit Court of Appeals, No. 24-177. REUTERS
