Australia’s House of Representatives has passed a bill that would ban children younger than 16 years from social media.

“Core inflation has gone up to 3.5 per cent from 3.2 [per cent]. Of course, that’s more bad news that Australian households already know,” Taylor said.

Australia moved closer on Wednesday to banning social media for children under 16 after the parliament's lower house passed a bill even as Alphabet's Google and Facebook-owner Meta pressed the government to delay the legislation.