Australia will publish on Friday recommendations to limit the power of Facebook Inc and Google , potentially setting a precedent for global ...
SYDNEY: Australia will publish on Friday recommendations to limit the power of Facebook Inc and Google , potentially setting a precedent for global lawmakers grappling with the U.S. technology giants' dominance of online news and advertising.
Google and Facebook have rejected proposals for closer scrutiny contained in a previously released draft of the ACCC report, saying the watchdog had underestimated the level of competition in the Australian online advertising market. The government will release the final version of the ACCC report on Friday, the regulator said. A representative of Treasurer Josh Frydenberg, the minister overseeing the governments' response to the report, was not immediately available for comment.Australian media reports said the government planned to give a formal response to the report later this year.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Explainer: What Google, Facebook could face in US antitrust probeThe U.S. Department of Justice is investigating whether big technology companies are engaged in anticompetitive behaviour, addressing a rising ...
Read more »
What Google, Facebook could face in US antitrust probeWASHINGTON (REUTERS) - The US Department of Justice is investigating whether big technology companies are engaged in anti-competitive behaviour, addressing a rising tide of criticism they have become too powerful to the detriment of consumers.. Read more at straitstimes.com.
Read more »
Explainer: What Google, Facebook could face in US antitrust probeThe U.S. Department of Justice is investigating whether big technology companies are engaged in anticompetitive behaviour, addressing a rising ...
Read more »
Gareth Bale scores in first pre-season outing for Real MadridReal Madrid beat Arsenal in a penalty shoot-out after Gareth Bale had made a goalscoring return to the Spanish side in a thrilling 2-2 draw at the International Champions Cup yesterday morning (Singapore time). Arsenal named a strong side captained by Mesut Oezil, while...
Read more »
Pharma lobby group opposes senators' proposal to lower drug pricesRepresentatives of PhRMA opposed a proposal from the Senate Finance Committee to lower prescription drug prices in a meeting with U.S. President ...
Read more »
Google, Alphabet sees fresh growth amid antitrust woes[SAN FRANCISCO] Google parent Alphabet's stock price leapt on Thursday after reporting stronger-than-expected results in a quarterly update coming amid growing scrutiny of technology firms by antitrust regulators. Read more at The Business Times.
Read more »