Japan's Softbank plans to invest $100 billion in US over the next four years

President-elect Donald Trump and Japanese conglomerate Softbank announced plans to invest $100 billion in US projects over the next four years.

The announcement was made at Trump's Mar-A-Lago resort with Softbank CEO Masayoshi son at his side, along with Howard Lutnick, head of investment bank Cantor Fitzgerald, and Trump's pick for Commerce Secretary.

Trump claimed to have notched up the first economic success of his forthcoming second Presidency by announcing a $100 billion investment by the Japanese company, which he said would be completed during his four-year Presidency.

Reference Sources

1. yahooen - Trump and SoftBank announce $100 billion in U.S. investments
2. abc - Japan's Softbank plans to invest $100 billion in US projects over the next four years.
3. theguardian - Trump announces SoftBank plans to invest $100bn in US projects
4. jakartaglobe - Trump and SoftBank to Announce $100 Billion US Investment Plan
5. usatoday - Trump announces Japanese tech firm will invest $100 billion in US projects, jokingly asks CEO for $200 billion

Starbucks is tripling its parental leave for US baristas

Starbucks has expanded its parental leave benefits for new parents working at 10,000-Plus us stores.

Starbucks is giving Baristas up to three times the paid parental leave they previously had access to. starting in March, the company will offer up to 18 weeks of paid leave for birth parents and up to 12 weeks for Nonbirth parents.

The expanded benefit applies to US store employees averaging at least 20 hours of work a week, which translates to more than 200,000 Baristas, store managers and other retail employees who work at company-operated stores.

Reference Sources

1. quartz - Starbucks is tripling its parental leave for U.S. baristas
2. ft - Starbucks boosts parental leave as it faces union organising push
3. businessinsider - The latest change for Starbucks under its new CEO? Baristas can get triple the amount of paid parental leave
4. independent - Starbucks doubles parental leave after employee email caught new CEO’s eye

Britain sets first codes of practice for tech firms in online safety regime

The UK has officially brought its Online Safety Law into force, paving the way for stricter supervision of harmful content online and potentially massive fines for technology giants like Meta, Google, and Tiktok.

Ofcom, the British media and telecommunications watchdog, published its first-edition codes of practice and guidance for tech firms laying out what they should be doing to tackle illegal harms such as terror, hate, fraud, and child sexual abuse on their platforms.

The measures form the first set of duties imposed by the regulator under the Online safety act, a sweeping law requiring Tech platforms to do more to combat illegal content online.

Reference Sources

1. cnbc - Britain brings tough online safety measures into force, gives tech giants three months to comply
2. theguardian - Social media platforms have work to do to comply with Online Safety Act, says Ofcom
3. cna - Britain sets first codes of practice for tech firms in online safety regime
4. standard - Ofcom’s new online harms rules for social media firms disappoint campaigners
5. morningstaronline - Campaigners ‘astonished and disappointed’ at new online safety rules

The CommonWealth English daily news digest is a service curated by CommonWealth English team with the help of AI tools.

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Uploaded by Ian Huang