Australia says pandemic will hit government budget, population over next 40 yearsThe Australian government's "Intergenerational Report 2021" forecasts the budget will remain in deficit for at least another 40 years, a de...
28 Jun, 2021, 09.39 AM IST
Facebook to restore Australia news pages as deal reached on media lawTreasurer Josh Frydenberg and Facebook indicated a compromise had been reached on key aspects of a law that would force digital giants to p...
23 Feb, 2021, 10.13 AM IST
Facebook's Australia news blackout: a shock four years in the makingHe had been in direct contact with Facebook CEO Mark Zuckerberg and, he thought, was making progress toward an accommodation over proposed ...
19 Feb, 2021, 05.48 PM IST
Undeterred by Facebook news blackout, Australia commits to content lawFacebook stripped the pages of domestic and foreign news outlets for Australians and blocked users of its platform from sharing any news co...
19 Feb, 2021, 07.19 AM IST
Tech giants 'close' to deals with Australian mediaAustralia is poised to adopt legislation that would force digital companies to pay for news content, something that would create a global p...
15 Feb, 2021, 11.32 AM IST
Australia to introduce landmark Google, Facebook legislation to parliament next weekAustralia is on course to become the first country to require Facebook and Google to pay for news content, legislation that is being closel...
12 Feb, 2021, 10.21 AM IST
Inevitable that Google, others will pay for news: Australia treasurer Josh FrydenbergGoogle on Friday said the proposed law intended to compensate local publishers for the value their stories generate for the company is “unw...
25 Jan, 2021, 09.54 AM IST
Australia shares hit near 10-month closing high on faster recovery projectionThe S&P/ASX 200 index settled 1.2 per cent higher at 6,756.70, its highest close since Feb. 25, and marking a second straight session of ga...
17 Dec, 2020, 01.06 PM IST
Australia to make Facebook, Google pay news outlets for contentUnder laws to be introduced to parliament on Wednesday, Treasurer Josh Frydenberg said the Big Tech firms will have to negotiate how much t...
08 Dec, 2020, 10.57 AM IST
Australia bounces out of coronavirus-induced recession, economy grows 3.3 percentDespite the latest quarterly rise, the economy contracted at a 3.8% annual pace. That's after GDP fell by 0.3% in the first quarter and the...
02 Dec, 2020, 12.34 PM IST
Australia plans big spending pandemic measures, record debtThe Australian government on Tuesday will reveal a big spending financial blueprint for the next few years that will drive business investm...
06 Oct, 2020, 09.27 AM IST
Australia's economy takes sharpest dive since the 1930sThe latest national accounts showed the economy shrank 7% in the June, the biggest contraction since records began in 1959.
02 Sep, 2020, 10.31 AM IST
Australia to make Google and Facebook pay for news contentThe Australian government said on Friday it plans to give Google and Facebook three months to negotiate with Australian media businesses fa...
31 Jul, 2020, 11.04 PM IST
Pandemic to cost Australia USD 131 billion this year, tipping its economy further into the redTreasurer Josh Frydenberg revealed Australia's crumbling economic outlook based on increased government spending to stimulate to economy an...
23 Jul, 2020, 01.44 PM IST
Australia heading for recession after economy contractsThe 0.3 percent contraction was the first quarterly drop since 2009 during the global financial crisis and came as the lockdown exacerbated...
03 Jun, 2020, 11.50 AM IST
Australia to make Google and Facebook pay for news contentTreasurer Josh Frydenberg said the Australian Competition and Consumer Commission would release in late July draft rules for the platforms ...
21 Apr, 2020, 09.59 AM IST
Australia announces nearly $40 billion in virus reliefAustralia announced a $38 billion spending plan to limit the economic damage from the coronavirus pandemic, as citizens were told to cancel...
23 Mar, 2020, 12.10 AM IST