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Settlement originates from lawsuit by president against the platform, one of several filed after 6 January violenceMeta has agreed to pay $25m to settle a lawsuit with Donald Trump. The suit originated in 2021 when Trump sued the social media company for suspending his accounts after the January 6 attack on the US Capitol. The settlement was first reported by the Wall Street Journal and has been confirmed by a Meta spokesperson.The majority of the settlement, $22m, will go toward a fund to pay for Trump’s presidential library, according to the Wall Street Journal. The remainder will pay for legal

Rise was partly due to more households using their credit and debit cards overseas as travel bounces back, analyst from central bank saysFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastAustralian households paid almost 10% more in bank fees in the 2023/24 financial year, with credit card and personal loan use soaring amid the rising cost of living.That contributed to banks enjoying a 5% jump in fee revenue in 2023/24 – the first annual increase in fee earnings in seven years, the Reserve Bank said in its January bulletin. Continue

Speaking at a press conference, Karen Webb said the point of the investigation was to be ‘covert’. Follow today’s news liveGet our breaking news email, free app or daily news podcastChalmers says fear of mass casualty event ‘extraordinarily serious development’Asked whether he fears “we could see a deadly attack in the coming weeks and months” on ABC News Breakfast, the treasurer, Jim Chalmers, said:We know from the counter-terrorism teams that they consider this to have been a potential mass casualty event. That is obviously an extraordinarily serious development and this is why we’re working so closely with them and with

Zuckerberg likely to be asked about plans to spend $60-65bn in ballooning AI investments in 2025 as tech firm faces increased competitionAfter an unprecedented delay, Meta reported earnings more than half an hour after market close on Wednesday. The company posted $48.39bn in fourth-quarter revenue and and earnings per share of $8.02, handily beating Wall Street projections of $46.9bn and $6.75 in earnings-per-share.“We continue to make good progress on AI, glasses and the future of social media,” said Mark Zuckerberg, Meta founder and CEO. “I’m excited to see these efforts scale further in 2025.” The day before, an internal memo