News Corp and Facebook Reach Deal in Australia After Temporary Media Content Blackout
Facebook shut out all media content in Australia for a week after the country mandated that tech companies must pay media outlets for the media links that drive viewers to their platforms.
Facebook logo and Australian flag are displayed in this illustration taken, February 18, 2021. Photo: Reuters/Dado Ruvic/Illustration
World16/Mar/2021
Sydney: Rupert Murdoch’s News Corp reached a content-supply deal with Facebook Inc in Australia, the companies said on Tuesday, a step toward settling a dispute that saw the social media giant briefly shut down thousands of pages in the country.
Otway to Test South Australian Well This Month
Mar 4, 2021 2:54:am
Summary
by: Shardul Sharma
Posted in:
Otway to Test South Australian Well This Month
Otway Energy will start testing Nangwarry-1 well in PEL 155 onshore Otway basin in South Australia around mid-March, its partner in the project Vintage Energy said on March 4.
The
Superior Energy rig will arrive on location at Nangwarry-1 on March 10, after which the well and equipment will be set up for the test. “It is anticipated that testing of the well will take approximately three to four weeks and, should the test be successful, be a material value-adding asset to Vintage over what could potentially be a 50-year period,” Vintage managing director Neil Gibbins said.
Australia's competition regulator onThursday raised initial concerns over Aon's $30 billionbid for Willis Towers Watson to create the world'slargest insurance broker, close on the heels of a similar moveby EU antitrust regulators. The Australian Competition and Consumer Commission said itwas concerned that the merger would significantly hurtcompetition in commercial risk, reinsurance and employeebenefits broking and advisory services in Australia.
Under Pressure From Australia, Facebook and Google Make Opposite Moves
Patrick Frater, provided by
FacebookTwitterEmail
Australia’s proposed legislation that will make tech giants pay local media firms for news has not yet become law. But already it is sparking historic – and contrasting – reactions from Google and Facebook, the world’s two largest vectors for digital advertising.
The proposed News Media Bargaining Code was born of a study from the Australian Competition and Consumer Commission in April last year. It concluded that the tech giants should pay for the links to news and news stories that they carry. Since then, the idea has been rumbling towards legislation through consultations and feisty hearings. Australia’s lower house of parliament, The House of Representatives, approved the latest draft on Wednesday. The upper house, the Senate, will consider it in the coming days.
Brand battle: Pandora, Alex and Ani to fight it out
19.8 k views | Posted January 18, 2016 | By Coleby Nicholson The battle between Pandora Australia and Alex and Ani appears to have escalated, with the matter garnering attention from the wider jewellery industry and mainstream media.
As first reported by
Jeweller in December 2015, the trouble started when Pandora Australia and New Zealand president Brien Winther advised the brand’s retail stockists against simultaneously stocking US jewellery range Alex and Ani. The newcomer, Alex and Ani, was introduced to the Australian and New Zealand market about one week prior by House of Brands, which is owned by former Pandora Australia and New Zealand president Karin Adcock.