Here are a few options for a formal equivalent, depending on the desired emphasis:

Option 1 (Direct and authoritative):

Mayor Sadiq Khan Launches £7 Million Initiative to Combat Misinformation Regarding London

Option 2 (Focusing on the strategic challenge):

Sadiq Khan Initiates £7 Million Campaign to Counter Transatlantic Disinformation Targeting London

Option 3 (Formal and professional):

Mayor Khan Announces £7 Million Strategic Response to Address Disinformation Concerning London

Recommendation: Option 1 is the most standard and suitable for a formal news or professional report context.

Here are a few options for a formal title, depending on your specific focus:

Option 1 (Most direct): “Afrophobia and Social Media Platforms: Addressing the June 30 Deadline”

Option 2 (More analytical): “The June 30 Deadline: Evaluating Social Media Responsibility in Combatting Afrophobia”

Option 3 (Policy-oriented): “Mitigating Afrophobia on Social Media: An Analysis of the June 30 Compliance Deadline”

Recommendation: Option 1 is the most standard and professional choice for a report, article, or formal presentation.

Here are a few options for a formal rewrite, depending on the specific nuance you wish to convey:

• The Ascendance of Reliable Information as a Primary Standard
• The Emergence of Verified Information as the New Paradigm
• The Institutionalization of Credible Information in the Mainstream

Recommendation: “The Emergence of Verified Information as the New Paradigm” is the most professional and widely applicable choice.