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Meta shows commitment to journalism by banning news in Canada

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Meta Platforms initiated the process of blocking access to news on both Facebook and Instagram for all users in Canada, citing its response to a recently passed law that mandates internet giants to pay news publishers for their content.

The Canadian government swiftly condemned this move, labeling it “irresponsible” and drawing international attention to the unfolding situation.

The Online News Act, passed by the Canadian parliament, requires major platforms like Meta and Google’s parent company, Alphabet, to engage in commercial negotiations with Canadian news publishers for the use of their content. Rachel Curran, Meta’s head of public policy in Canada, defended the decision, stating that users of their platforms primarily seek entertainment content rather than news.

Canadian Heritage Minister Pascale St-Onge, responsible for handling the government’s interactions with Meta, expressed dissatisfaction with the company’s stance, accusing them of prioritizing their interests over supporting quality local news. She emphasized the government’s commitment to standing firm against tech giants in order to safeguard Canadian interests.

CBC, Canada’s public broadcast network, echoed the government’s sentiment, denouncing Meta’s action as an abuse of market power. The Canadian law follows in the footsteps of Australia’s groundbreaking legislation in 2021, which led to Google and Facebook threatening service curtailment but ultimately resulted in agreements with Australian media companies after amendments were made to the legislation.

While Google has argued that the Canadian law is broader than those implemented in Australia and Europe, as it places a value on news story links displayed in search results, Meta has claimed that news links constitute less than 3% of content on users’ feeds and, therefore, lack significant economic value.

Canadian Prime Minister Justin Trudeau previously dismissed this argument, considering it detrimental to democracy and the economy. The situation remains tense as the Canadian government continues to defend its law, highlighting the ongoing global trend of holding tech companies accountable for their use of news content.

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Why Australia is becoming the new home of the Hollywood blockbuster

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Australia’s multimillion-dollar campaign to attract Hollywood productions to its shores appears to be paying off.

The allure of Australia lies not only in its picturesque locations but also in its competitive financial incentives.

The government offers generous rebates and tax breaks to international productions, making it an attractive proposition for filmmakers looking to maximise their budgets.

Despite the recent intake of Hollywood productions down under such as ‘The Fall Guy’ and ‘Furiosa: A Mad Max Saga’, Aussie independents are still finding the space to carve their own creative path.

Rob Fantozzi joined the program to discuss the latest in Hollywood, and showcased his own upcoming project – ‘Omerta‘. #featured

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Portal between countries shut down after international flashing

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An international video portal has been forced to shut down after an OnlyFans model reportedly flashed passersby from across the globe.

On this episode of Ahron and Mike Live – Which would you prefer; pay rise or work perks, an international portal closes, the military reveal a submarine stingray and are you on a top or bottom burger bun?

Ticker’s Ahron Young & Mike Loder discuss. #featured #trending

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U.S. home prices surge 47%

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American home prices are rising at faster pace now than in the last 20-years.

A recent analysis reveals a jaw dropping surge in the cost of American homes.

Since the start of 2020, U.S. home prices have surged 47% easily outstripping the gains seen in recent decades.

On top of that, home price growth so far this decade is on the verge of surpassing all the growth seen in the 2000s.

Many experts believe this decade’s housing market frenzy was ignited by a perfect storm — the onset of the COVID-19 pandemic triggering an unprecedented rush among buyers.

Tom Hutchens, the Executive Vice President of Production at Angel Oak Mortgage Solutions joins Veronica Dudo to discuss.

#IN AMERICA TODAY #economy #housing #housingmarket #homeprices #homesales #inflation #trending

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