The Australian sharemarket fell 0.3 per cent on Friday but ended the week higher on US stimulus hopes. The sharemarket fell as big miners retreated on weaker iron ore prices. The sharemarket slumped to a three-week low as blue chips led the sharpest sell-off since September. The sharemarket limped to a fourth month of gains despite a late slide on Friday afternoon.

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• The sharemarket finished at a fresh 11-month high on strength in bank stocks and a 13.2 per cent rally in News Corp shares.
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“This is a tragic case where someone has lost their life, and underscores how the creation of more extreme content, in this case involving actual violence, can have devastating, real-world consequences,” a spokesperson for the office of Australia’s eSafety Commissioner said. This month, a 46-year-old Frenchman Raphael Graven died during a live-stream, after appearing to be struck, choked, shocked, suffocated and shot with a paintball gun. Content creators on Kick are offered 95 per cent share of the revenue (made through advertising and viewer donations), and top creators are paid to live-stream more often. Add articles to your saved list and come back to them anytime. The chief executive who led the company since 2019 will step down upon the completion of a new anti-money-laundering program.

Daniel Roberts, a former Macquarie banker who runs the Nasdaq-listed data centres business, says the agreement is only the first of many as demand booms. Simon Beard, the founder of streetwear empire Culture Kings, wants to live as long as possible to enjoy his success. A roaring sharemarket, deep tax cuts and crypto riches are driving a younger cohort to invest in the world of floating luxury.

As part of Graven’s 12-day non-stop livestream this month, he appeared to be incessantly tortured and kept awake. He was reportedly experiencing ill health recently, with viewers pointing to livestreamed statements made by his co-streamers, referencing the fact that continued stunts could kill him. The eSafety spokesperson said that Kick might be restricted for users under the age of 16 when new laws designed to address children’s access and exposure to age-inappropriate content come into effect in December. “Platforms like Kick need to be doing more to enforce their own terms of use and minimise harmful content and conduct in streams to protect all users of the service,” the spokesperson said. Kick’s guidelines prohibit content that depicts abhorrent violence including significant harm, suffering or death. Online platforms, such as Kick, are required to implement systems to safeguard Australians from illegal and restricted material, including material that depicts crime or violence without justification, and they’re also required to enforce those safeguards.

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