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Australian opposition watchdog warns Google, Fb guidelines are just the commence

By Cheryl J. Morris 5 months ago

By Jane Wardell

© Reuters/Reuters Employees
FILE Image: A indication is pictured outs a Google offcie close to the firm’s headquarters in Mountain View, California

SYDNEY (Reuters) – Australia’s levels of competition regulator has warned that prepared legislation to make the region the very first in the planet to pressure Google and Facebook to spend for information written content have been most likely just the get started of extra regulation for digital platforms.

The Australian govt introduced legislation previous thirty day period right after an investigation it explained showed the tech giants held also significantly sector energy in the media field, a situation it said posed a possible threat to a effectively-functioning democracy.

Beneath the code, Google and Facebook will be subject to required cost arbitration if a industrial settlement on payment for Australian media cannot be achieved.

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not a indication winter season is coming but a new commence for tech field, Chinese formal media states

By Cheryl J. Morris 5 months ago

The logo of Alibaba Team is observed throughout the 11.11 Singles’ Working day worldwide browsing festival at the firm’s headquarters in Hangzhou, China on November 10, 2019. Picture: Reuters

Chinese official media has performed down the political importance of Beijing’s antitrust probe into e-commerce huge Alibaba Team Keeping and framed the move as a needed technological stage to be certain the healthier development of the sector.

People’s Everyday, the official newspaper of the Chinese Communist Celebration, posted two viewpoint pieces in two times deciphering the investigation as a move to support, not hurt, the marketplace – even as investors in Hong Kong and New York rushed to market their Alibaba stocks due to issues about hostility from Beijing.

“For the system financial state, the strengthening of anti-monopoly supervision will not provide about a ‘winter’ of the business, but fairly a new starting up stage for greater and more healthy development,”

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