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Oil prices ease as worries over global economic slowdown weigh
Oil prices ease as worries over global economic slowdown weigh
By Yuka Obayashi TOKYO Oil prices eased on Wednesday, paring the previous day's gain as fears over a
2023-07-05 09:18
Monday Was the Hottest Day Ever as Global Temperatures Rise
Monday Was the Hottest Day Ever as Global Temperatures Rise
Global temperatures hit a record on Monday, underscoring the dangers of ever-increasing greenhouse gas emissions generated from burning
2023-07-05 09:15
Japan's service activity maintains firm pace as demand picks up - PMI
Japan's service activity maintains firm pace as demand picks up - PMI
TOKYO Japan's service activity maintained a brisk pace of growth in June as the relaxation of pandemic-related restrictions
2023-07-05 08:46
Gold Miner Set to Trade, Marking Indonesia’s Biggest IPO This Year
Gold Miner Set to Trade, Marking Indonesia’s Biggest IPO This Year
PT Amman Mineral Internasional, the owner of the second-largest gold and copper mine in Indonesia, is set to
2023-07-05 08:26
Singapore Struggles to Fix Power Market After Wild Price Swings
Singapore Struggles to Fix Power Market After Wild Price Swings
Singapore is struggling to attract new players to its volatile power market, threatening to unwind reforms aimed at
2023-07-05 08:23
Fund That Beat 99% of Peers by Betting on China Shares Is Shifting to Booming Japan
Fund That Beat 99% of Peers by Betting on China Shares Is Shifting to Booming Japan
An Asia fund manager whose investments in China shares helped her beat 99% of peers over five years
2023-07-05 08:18
Oil Holds Advance as Traders Take Stock of OPEC+ Supply Curbs
Oil Holds Advance as Traders Take Stock of OPEC+ Supply Curbs
Oil remained higher after major OPEC+ producers Saudia Arabia and Russia announced output cuts to stem a slide
2023-07-05 08:18
EV batteries remain major challenge for insurers - UK's Thatcham
EV batteries remain major challenge for insurers - UK's Thatcham
By Nick Carey LONDON A lack of data on electric vehicle (EV) batteries continues to challenge insurers who
2023-07-05 07:57
Britain to set up real-time bond and stock trading record
Britain to set up real-time bond and stock trading record
By Huw Jones LONDON Britain's financial watchdog proposed a real-time record of stock and bond prices on Wednesday
2023-07-05 07:54
Jake Paul gambling advert banned by watchdog as YouTuber has 'strong appeal to under-18s'
Jake Paul gambling advert banned by watchdog as YouTuber has 'strong appeal to under-18s'
Jake Paul is arguably one of the most well-known influencers in the world right now, but unfortunately for gambling firm Ladbrokes, the YouTuber-turned-boxer’s widespread appeal has landed them in a bit of trouble with the UK’s Advertising Standards Authority (ASA). The independent advertising watchdog, which regulates the advertising industry, enforces rules drawn up by the Committee of Advertising Practice (CAP), which has some pretty strict rules when it comes to gambling ads. In addition to requiring said adverts to be “socially responsible” and “protect children … from being harmed or exploited”, the CAP’s code states marketing communications must not be “likely to be of strong appeal to children or young persons, especially by reflecting or being associated with youth culture”. “They must not include a person or character whose example is likely to be followed by those aged under 18 years or who has a strong appeal to those aged under 18,” it reads. After Ladbrokes shared a promoted tweet in February featuring Paul – following his defeat to Tommy Fury – in which Twitter users were encouraged to vote on “what’s next for Jake Paul”, a single complaint was made to the ASA as to whether it may be in breach of the Code. Responding to the ASA’s enquiries, the betting company noted the advert contained no calls to action, promotions or links back to its website – and was “age-gated” so only users who had confirmed their age as being over 18 could see it. Sign up to our free Indy100 weekly newsletter The ad was specifically targeted at users aged 25 and over, receiving close to 16,500 impressions with just over 47 per cent of these being from individuals aged between 20 and 29 years. Ladbrokes also cited demographics for Paul’s following across several social media platforms, showing that the percentage of users aged between 13 and 17 years old was below 20 per cent on Instagram, YouTube and TikTok. On Twitter, zero per cent of his followers were reportedly registered as being under 18. The company also directed ASA to the watchdog’s own guidance on “protecting under-18s” from advertising about gambling and lotteries, in which it states “sports like … boxing … are more adult-oriented and unlikely to be of inherent ‘strong’ appeal” to children and young people. Zing. However, in a decision which saw the regulator uphold the complaint against Ladbrokes, the ASA ruled there was still a responsibility to comply with the rule about not appealing to under-18s because the advert “appeared in a medium where under-18s could not be entirely excluded from the audience”. It continued: “CAP guidance stated that sportspeople involved in clearly adult-oriented sports who were ‘notable’ stars with significant social media and general profiles which made them well-known to under-18s were considered moderate risk in terms of how likely they were to be of strong appeal to under-18s. “We also considered that Jake Paul would primarily be known for making YouTube videos and that he had a large social media following. We acknowledged that he had within the last few years turned to boxing. “However, because of his career on YouTube, we considered that he had a high profile within the sport and was well known outside of the sport and social media.” Although they noted Paul had no followers aged under 18 on Twitter, where the ad was located, the ASA concluded the content creator was still of “inherent strong appeal” to under-18s because “such large numbers” of his followers were in that demographic. They also mentioned Paul’s appearance on the Disney Channel series Bizaardvark between 2016 and 2018 about two teenagers, with the target audience for the show likely to be “around the same age”. As such, they found Paul still had a “strong appeal” to under-18s and that Ladbroke’s advert was “irresponsible”. Not the first time Paul and “irresponsible” have appeared in the same sentence, to be honest… Have your say in our news democracy. Click the upvote icon at the top of the page to help raise this article through the indy100 rankings.
2023-07-05 07:29
Hong Kong’s Reopening Brings Scant Gains for Financial Hub
Hong Kong’s Reopening Brings Scant Gains for Financial Hub
Six months after Hong Kong reopened to the world, the city still has a steep climb to reclaim
2023-07-05 07:29
Corlytics and Clausematch Come Together to Redefine RegTech
Corlytics and Clausematch Come Together to Redefine RegTech
LONDON & DUBLIN--(BUSINESS WIRE)--Jul 4, 2023--
2023-07-05 07:26
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