Tag Archives: Australia

CANBERRA, Australia (AP) — Australia’s law forcing Google and Facebook to pay for news is ready to take effect, though the laws’ architect said it will take time for the digital giants to strike media deals. The Parliament on Thursday passed the final amendments to the so-called News Media Bargaining Code agreed between Treasurer Josh Frydenberg and Facebook chief executive Mark Zuckerberg on Tuesday. In return for the changes, Facebook agreed to lift a ban on Australians accessing and… Source link

SYDNEY—Australian legislation effectively requiring Facebook Inc. FB 2.12% and Google to pay news outlets for content cleared its last major parliamentary hurdle, capping a multiyear effort that could set a global precedent for regulating the tech giants’ relations with publishers. As its spat with the Australian government over the proposed media code deepened, Facebook last week followed through on a… Source link

Fox Business Flash top headlines are here. Check out what’s clicking on FoxBusiness.com. CANBERRA – Australia will not alter legislation that would make Facebook and Alphabet Inc’s Google pay news outlets for content, a senior lawmaker said on Monday, as Canberra neared a final vote on whether to pass the bill into law. Ticker Security Last Change Change % FB FACEBOOK INC. 260.33 -1.23 -0.47% GOOG ALPHABET INC. 2,064.88 -36.26 -1.73% Australia and the tech giants have been in a stand-off over the… Source link

FILE PHOTO: Google and Facebook logos and Australian flag are displayed in this illustration taken, February 18, 2021. REUTERS/Dado Ruvic/Illustration CANBERRA (Reuters) – Australia’s lawmakers on Tuesday inched closer to passing landmark laws that would force Facebook Inc and Alphabet Inc’s Google to pay news outlets for content and could set a precedent for tighter regulation in other nations. The country is on course to become the first to introduce laws that challenge big technology… Source link

By Colin Packham, Byron Kaye CANBERRA (Reuters) – Facebook said on Tuesday it will restore Australian news pages after negotiating changes with the government to a proposed law that forces tech giants to pay for media content displayed on their platforms. FILE PHOTO: A 3D printed Facebook logo is seen in front of displayed Australia’s flag in this illustration photo taken February 18, 2021. REUTERS/Dado Ruvic/Illustration Australia and the social media group have been locked in a standoff for… Source link

CANBERRA (Reuters) – Australia will not alter legislation that would make Facebook and Alphabet Inc’s Google pay news outlets for content, a senior lawmaker said on Monday, as Canberra neared a final vote on whether to pass the bill into law. FILE PHOTO: A 3D printed Facebook logo is seen in front of displayed Australia’s flag in this illustration photo taken February 18, 2021. REUTERS/Dado Ruvic/Illustration Australia and the tech giants have been in a stand-off over the legislation widely… Source link

BEIJING — For two decades, global news outlets have complained internet companies are getting rich at their expense, selling advertising linked to their reports without sharing revenue. Now, Australia is joining France and other governments in pushing Google, Facebook and other internet giants to pay. That might channel more money to a news industry that is… Source link

The Telegraph The comeback starts here: Ineos Team UK victory keeps Prada Cup alive It is not over yet. Ineos Team UK still have a mountain to climb if they are to pull back this Prada Cup final and advance to next month’s America’s Cup match against New Zealand. But they are off the mark. Victory in the second of Saturday’s two races means Sir Ben Ainslie’s team have stopped the rot and notched their first win of the series, making it 5-1 to Luna Rossa in the first-to-seven showdown…. Source link

Bloomberg Asian Stocks Set for Muted Open; Currencies Steady: Markets Wrap (Bloomberg) — Asian stocks are poised for a muted start to the week as investors assess rising bond yields and signs that some vaccines reduce transmission of Covid-19. Currencies were mostly steady.Equity futures slipped in Australia and rose in Japan. Australian 10-year bond yield jumped almost 10 basis points. Bitcoin notched up another record high.U.S. stocks finished mostly lower on Friday as benchmark Treasury… Source link

On February 16th, I wrote that Australia’s News Media Bargaining Code threatened to splinter the internet. On February 17th, the splintering arrived: Google cut a deal with News Corp. that will ensure its services continue to be provided in Australia, and Facebook walked away from the bargaining table and began preventing people from sharing news links from Australian publishers around the world. I think Facebook basically did the right thing, and Google basically did the wrong thing,… Source link