It’s raining Google dollars in Australian media land. Whether it’s a drenching or a light shower depends on who you talk to, but it’s way more generous than publishers overseas have managed to negotiate.
Media stand-off: Google boss and Morrison wait to see who blinks first
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In the great stoush between Google and the Australian government, it seems the monkeys have been moved aside and the organ grinders have taken over.
Sundar Pichai, the chief executive of Google’s parent company, Alphabet, had a video meeting with Prime Minister Scott Morrison and Treasurer Josh Frydenberg on Thursday.
The overture was apparently made by Google.
Up until now both the government and the US tech giants had drawn hard lines in the sand on their respective positions. The Australian government wants to legislate rules to ensure media publishers receive some financial compensation from the content they bring to the Google search platform.
Regulation for Afterpay is coming but the devil will be in the detail
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Any investor that has been riding the share price wave of buy now, pay later stocks in Australia should have been aware that the regulation would eventually come. What effect it would have on customer growth or earnings was never that clear. It still isn’t.
The spectre of some kind of regulatory checks in the space is now centre stage thanks to the recommendations of a review commissioned by the UK Financial Conduct Authority that highlighted the risks to BNPL customers - more than 10 per cent of which are in arrears in Britain.
Бизнесмен заявил, что компании Британии готовы заходить на рынок РФ в условиях санкций tass.ru - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tass.ru Daily Mail and Mail on Sunday newspapers.