Rio Tinto Unveils Plan to Simplify Operations and Raise $10 Billion

Rio Tinto's new CEO, Simon Trott, plans to streamline operations by cutting costs and selling unwanted assets, focusing on iron ore and copper. The company aims to raise up to $10 billion. Meanwhile, Australia's public finances have deteriorated due to rising expenses and lower revenue. The government has also banned social media platforms TikTok, Snapchat, and Facebook for under 16s to curb social media harms.