“There are negotiations going on with all the major players and the minor players at the moment,” Frydenberg told reporters. “This will help sustain public interest journalism in this country for years to come.”
Treasurer Josh Frydenberg and Facebook indicated a compromise had been reached on key aspects of a law that would force digital giants to pay news companies for content.
Australia will be the first country where a government arbitrator will decide the price to be paid by the tech giants if commercial negotiations with local news outlets fail.
Alphabet’s Google aims to power its data centres and offices using solely carbon-free electricity by 2030, its chief executive told Reuters, building on its previous goal of matching its energy use with 100% renewable energy.
Five weeks out from the November election, virulent disinformation from domestic and foreign sources continues to fill internet platforms such as Facebook, Twitter and Google.
Google has postponed the Australian roll-out of News Showcase citing regulatory complications, just three months after announcing the product, as the US internet giant grapples with one of the most audacious attempts to police its activities.
The British billionaire Issa brothers and private equity group TDR Capital have agreed to buy the British supermarket chain Asda from Walmart for $8.8 billion to take on rivals such as Tesco with new smaller stores.
Australia has introduced laws that would force internet giant Google and social media heavyweight Facebook Inc to negotiate payments to domestic media outlets whose content links drive traffic to their platforms.
The Office of Federal Contract Compliance Programs had found “preliminary indicators” that Google from 2014 to 2017 at times underpaid 2,783 women in its software engineering group in Mountain View, California, and the Seattle area.