On Monday, Australia’s Treasurer Josh Frydenberg disclosed, Canberra will force online giants including Alphabet Inc’s Google and Facebook Inc to share advertising revenue with local media firms. Australia is set to become one of the firts countries to require digital platforms to pay for content that they use. The development comes in the wake of…
On Tuesday, Australian researchers disclosed, they have mapped the immune responses from one of country’s first coronavirus patients in an important step that closes the gap towards developing a vaccine and treatment for the Wuhan Coronavirus. While the bulk of those infected show only mild symptoms, nearly 20% of the patients are in critical conditions.…
On Friday, Australian competition regulator penalized Volkswagen AG $86 million for its alleged false representations about compliance with Australia’s diesel emission standards. The exemplary fine is the highest ever ordered by the court for contraventions of the Australian Consumer Law, said the Australian Competition and Consumer Commission (ACCC) in a statement. According to the ACCC,…
On Thursday, Australia made it lucidly clear to technology giants Facebook Inc and Google Inc that will have to agree and comply to Australia’s new rules, designed to ensure that they do not abuse their market power and damage competition, failing which the government will impose new controls on them. In a statement, Australian Prime…
On Thursday, Australia started an investigation into the potential usage of foreign influence using social media platforms such as WeChat, Facebook, and Twitter. The development comes in the wake of heightened concerns in the country that China is seeking to cast its influence in Canberra’s affairs. In the past, Russia had used social media to…
Clearly FB is eager to leave behind its scandalous past, especially its relation with Cambridge Analytica, and is eager to portray itself as a more secure platform for consumers. In a significant development, Facebook Inc’s Chief Executive Officer, Mark Zuckerberg defended his decision to encrypt Facebook’s messaging services despite growing concerns on criminal activity and…
Blockchain technology is steadily gaining traction in the financial world. Australia’s top 3 banks aim to use blockchain to reduce the risk of fraud as well as digitize bank guarantees. On Thursday, in a significant development, the top 3 banks in Australia stated, they have agreed to partner with IBM and with the Scentre Group…
Telecom operators are designing 5G systems based on either Ericsson’s technology or that of Nokia Oyj. On Tuesday, Australia’s nascent network TPG Telecom Ltd stated, it would abandoned building its mobile telephone network which relied heavily on Huawei Technologies Co Ltd for equipment since the Australian government has banned Huawei on security grounds. Across the…
Despite investing heavily into automated driverless train and trucking solutions to haul ore to its port operations, Rio Tinto Plc stated, it will not be trimming jobs in 2019. On Friday, Australian mining company Rio Tinto Plc stated although it has deployed automated heavy-haul trains to slash costs, it however does not expect to trim…
Huawei equipment has a price advantage: sourcing from non-Chinese sources is likely to drive up costs. Security comes at a price. In a significant development, China’s Huawei is facing fresh headwinds in Europe following an announcement by Deutsche Telekom that it would review its vendor strategy; Orange has also stated it would not use its…
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