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On August 13th, Meta Platforms stated that since complying with Australias ban on youth social media use last year, the company has restricted access to over 750,000 Instagram and Facebook accounts believed to belong to individuals under the age of 16 in Australia. Meta said on Thursday that this figure includes over 500,000 accounts removed before the law came into effect last December, as well as accounts closed since then. This includes 462,000 Instagram accounts and 294,000 Facebook accounts. The Menlo Park, California-based company stated, "Enforcement efforts are ongoing, and these numbers will continue to grow."
On August 13, Lenovo Group (00992.HK) announced that its revenue for the first fiscal quarter increased by 43% year-on-year to US$26.9 billion, a new record for a single quarter; adjusted profit attributable to equity holders increased by 176% year-on-year to US$1.075 billion, exceeding the US$1 billion mark for the first time. The adjusted net profit margin reached 4%.
New York gold futures fell below $4,450 per ounce, down 0.43% on the day.
Japanese Foreign Minister Toshimitsu Motegi: Strongly protests Russian President Vladimir Putins visit to the disputed islands.
Abu Dhabi National Energy Company (TAQA): Oil and gas production declined in the first half of the year due to the planned decommissioning of its North Sea assets in the UK.