SYDNEY: Australia said it will fine Internet platforms up to 5 percent of their global revenue for failing to prevent the spread of misinformation online, joining a worldwide push to rein in borderless tech giants but angering free speech advocates.
The government said it would make tech platforms set codes of conduct governing how they stop dangerous falsehoods spreading, to be approved by a regulator. The regulator would set its own standard if a platform failed to do so, then fine companies for non-compliance.
The legislation, to be introduced in parliament on Thursday, targets false content that hurts election integrity or public health, calls for denouncing a group or injuring a person, or risks disrupting key infrastructure or emergency services.
The bill is part of a wide-ranging regulatory crackdown by Australia, where leaders have complained that foreign-domiciled tech platforms are overriding the country’s sovereignty, and comes ahead of a federal election due within a year.
Already Facebook owner Meta has said it may block professional news content if it is forced to pay royalties, while X, formerly Twitter, has removed most content moderation since being bought by billionaire Elon Musk in 2022.
“Misinformation and disinformation pose a serious threat to the safety and wellbeing of Australians, as well as to our democracy, society and economy,” said Communications Minister Michelle Rowland in a statement.
“Doing nothing and allowing this problem to fester is not an option.”
An initial version of the bill was criticized in 2023 for giving the Australian Communications and Media Authority too much power to determine what constituted misinformation and disinformation, the term for intentionally spreading lies.
Rowland said the new bill specified the media regulator would not have power to force the takedown of individual pieces of content or user accounts. The new version of the bill protected professional news, artistic and religious content, while it did not protect government-authorized content.
Some four-fifths of Australians wanted the spread of misinformation addressed, the minister said, citing the Australian Media Literary Alliance.
Meta, which counts nearly nine in 10 Australians as Facebook users, declined to comment. Industry body DIGI, of which Meta is a member, said the new regime reinforced an anti-misinformation code it last updated in 2022, but many questions remained.
X was not immediately available for comment.
Opposition home affairs spokesman James Paterson said that while he had yet to examine the revised bill, “Australians’ legitimately-held political beliefs should not be censored by either the government, or by foreign social media platforms.”
The Australia Communications and Media Authority said it welcomed “legislation to provide it with a formal regulatory role to combat misinformation and disinformation on digital platforms.”
Australia threatens fines for social media giants enabling misinformation
https://arab.news/62uvm
Australia threatens fines for social media giants enabling misinformation
- Breaches face fines up to 5 percent of global revenue
- Bill seeks to prevent election, public health disinformation
University of Hong Kong hosts the first Saudi Economic Forum to boost China–Saudi ties
- The high-level event served as a new platform for bilateral dialogue and cross-sector collaboration
RIYADH: The University of Hong Kong (HKU) has hosted the first-ever Saudi Economic Forum in Riyadh, bringing together nearly 100 senior officials, academics, and business leaders to deepen cooperation between China and Saudi Arabia in education, innovation, and economic growth.
Held under the theme “Enhancing the Global Competitiveness of Chinese and Saudi Institutions,” the forum marked a significant milestone in advancing strategic alignment between China’s Belt and Road Initiative and Saudi Vision 2030.
The high-level event served as a new platform for bilateral dialogue and cross-sector collaboration, with participants exploring joint opportunities in investment, technology, renewable energy, and artificial intelligence.
Professor Hongbin Cai, dean of the faculty of business and economics at HKU, said the university aspires to become a “knowledge bridge” between the two nations, leveraging its global standing and extensive international networks. He noted that educational collaboration would be a cornerstone of the Saudi–Chinese partnership.
Saudi Arabia’s Assistant Deputy Minister of Investment, Fahad Al-Hashem, emphasized the depth of the China–Saudi partnership, noting that bilateral trade now exceeds $150 billion, with a growth rate of around 30 percent annually.
He reaffirmed the Kingdom’s openness to partnerships with China’s leading universities and technology companies, particularly in future-focused sectors aligned with Vision 2030, including education, digital transformation, AI, and clean energy.
The forum featured panel discussions on cross-border education, global city development, and technology transfer, with experts stressing the importance of joint ventures in the digital economy and smart infrastructure.
Participants said Saudi Arabia could benefit from China’s successful experiences in energy transition, infrastructure modernization, and innovation ecosystems as it builds globally competitive cities and institutions.
The Saudi Economic Forum concluded with calls for sustained academic and corporate partnerships to enhance institutional excellence and global competitiveness. Organizers said the initiative will continue to facilitate knowledge exchange and support national transformation goals in both countries, namely in the fields of technology and innovation.
