News

Labor pushes big tech reforms for fair competition

Apple Pay may open to banks; Google faces scrutiny for prioritizing own products; new rules for big tech in Australia.

Published

10 months ago

December 2, 2024

ticker NEWS

Apple Pay could soon be available for banks, while Google may have to ensure competing services are displayed more prominently alongside its own products.

Meta is also expected to be required to allow cross-platform communication between messaging services, according to the AFR.

The Australian government plans to enhance the powers of the Australian Competition and Consumer Commission (ACCC) to designate platforms posing significant competition risks.

This designation will inform which companies are included under competition laws, targeting their necessary compliance.

Misinformation enforcement

Social media companies like Facebook, Instagram, and TikTok will not be subjected to misinformation enforcement.

Once designated, these platforms must fulfill new obligations, similar to regulations in the European Union, promoting easier app use and greater algorithm transparency.

Assistant Treasurer Stephen Jones indicated that many platforms unfairly favor their own products, making it difficult for consumers to switch to alternatives.

Examples of enforcement may include changes in app store payment policies and the prominence of owned apps in search results.

Google currently faces a lawsuit regarding such practices with its payment systems.

News

Google leads Australia media tax rankings

Google leads in Australian media tax payments, unlike Netflix and others, igniting discussions on fairness and corporate responsibility.

Published

19 hours ago

October 9, 2025

ticker NEWS

Google leads in Australian media tax payments, unlike Netflix and others, igniting discussions on fairness and corporate responsibility.

Google is currently on the of top of Australian media tax payments, while Netflix, Dentsu, and Singtel pay nothing, sparking a fresh debate over fairness and corporate responsibility in the industry.

#TaxTransparency #Google #Netflix #CorporateResponsibility #AustraliaBusiness

News

Trump eyes Middle East visit as Gaza ceasefire talks advance

Trump may visit Middle East this weekend as Kushner seeks Gaza ceasefire amid positive Egypt talks and Turkey’s confirmation.

Published

22 hours ago

October 9, 2025

ticker NEWS

Trump may visit Middle East this weekend as Kushner seeks Gaza ceasefire amid positive Egypt talks and Turkey’s confirmation.

President Trump may visit the Middle East this weekend as Jared Kushner and envoy Steve Witkoff push for a Gaza ceasefire.

Recent Egypt talks and cooperation from Israel and Hamas raise hopes for a deal, with Turkey confirming progress.

#GazaCeasefire #TrumpMiddleEast #Kushner #PeaceTalks #IsraelHamas

News

US government takes 10% equity in Trilogy Metals

U.S. takes direct 10% stake in Trilogy Metals to enhance supply chain security for AI, clean energy, and defense.

Published

23 hours ago

October 9, 2025

ticker NEWS

U.S. takes direct 10% stake in Trilogy Metals to enhance supply chain security for AI, clean energy, and defense.

The U.S. government’s 10% stake in Trilogy Metals marks a shift from subsidies to direct ownership in strategic industries.

Experts say this approach aims to secure supply chains for AI, clean energy, and defense, reducing reliance on foreign sources for critical minerals and tech components.

#TrilogyMetals #USIndustry #CriticalMinerals #SupplyChainSecurity #AI #CleanEnergy #DefenseTech #IndustrialPolicy