After Facebook row, Australia passes law forcing tech giants to pay news publishers

Agencies
February 25, 2021

Canberra, Feb 25: The Australian parliament has passed an amended version of the law forcing tech companies to share revenue with media businesses after the original variant triggered a backlash from Facebook, Treasurer Josh Frydenberg announced on Thursday.

On Tuesday, the treasury presented amendments to the original bargaining code after Facebook removed posts of Australian news outlets and government pages in protest against the bill. Following the change to the code, the tech giant moved to lift the news blackout. On Wednesday, the Australian upper house passed the amended bargaining code, which was then sent back to the lower chamber for approval.

"Parliament has today passed the Morrison Government's world-leading News Media and Digital Platforms Mandatory Bargaining Code that addresses the bargaining power imbalance between news media businesses and digital platforms," Frydenberg said.

According to the treasurer, the code will ensure that media businesses are "fairly remunerated" for their content and will offer a relevant framework for negotiations, but the parties are still encouraged to talk commercial deals outside the code.

"The Government is pleased to see progress by both Google and more recently Facebook in reaching commercial arrangements with Australian news media businesses," he added.

Under the code, if technology giants fail to negotiate compensation agreements with news publishers, a state-appointed arbitrator will issue a binding decision.

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News Network
October 22,2024

Mangaluru, Oct 22: A Mangaluru resident has fallen victim to a ₹20 lakh scam after being lured into a fraudulent investment scheme by individuals posing as representatives of J.P. Morgan India. The case, filed at Kadri police station, highlights the growing threat of investment fraud in the region.

The victim, whose identity has not been disclosed, was contacted on September 24 by a man named Vishwanathan, who falsely introduced himself as the Chief Investment Strategist for J.P. Morgan India. Shortly after, a woman named Neeta Sharma reached out, using multiple phone numbers to convince the victim of her association with the prestigious financial firm. She shared a company link and urged the victim to invest ₹20 lakh, promising high returns.

On October 14, after being convinced by Neeta's claims, the victim transferred ₹20 lakh to the fraudulent account. Following this, Neeta instructed the victim to purchase 1,000 shares at ₹240 per share, which he did. The next day, she advised buying 7,900 more shares at ₹250.95 each, further strengthening her false credibility.

However, trouble arose when Neeta told the victim to withdraw the invested amount. Instead of receiving the full sum, the victim was sent only ₹1,500, transferred from an unknown account. When questioned, Neeta could not provide a clear explanation for the discrepancies.

Sensing the deceit, the victim demanded a full refund of his investment. Neeta, however, brazenly asked for an additional ₹4 lakh, prompting the victim to realize the extent of the fraud. He then filed a formal complaint with the Kadri police.

This incident serves as a critical reminder for the public to remain vigilant against fraudulent schemes, particularly those involving investment promises from unverified sources. Always ensure that you verify the legitimacy of financial institutions and representatives before transferring funds. 

The Kadri police are investigating the case and have urged the public to stay alert and report any suspicious investment schemes.

Tips to Protect Yourself from Investment Scams:

1.    Verify Credentials: Always cross-check the credentials of anyone claiming to represent a reputable financial institution. Use official contact information from the company's website to verify.

2.    Be Skeptical of Unsolicited Offers: Be cautious of unexpected investment offers, especially those that promise unusually high returns.

3.    Conduct Thorough Research: Before investing, investigate the company and the proposed investment thoroughly. Look for reviews, ratings, and any red flags.

4.    Report Suspicious Activity: If you suspect a scam, report it immediately to local authorities or financial regulatory bodies to prevent further fraud.

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News Network
October 29,2024

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At least 60 people, including children, have been killed in Israeli strikes on several areas in Lebanon’s eastern Bekaa Valley, the Lebanese Health Ministry says.

The ministry said at least 58 people were also wounded in the attacks on 12 areas in the Bekaa Valley on Monday.

Of the 60 killed, at least 16 deaths were recorded in al-Alaq, west of Baalbek city, the ministry added.

The casualty figures were preliminary and are expected to rise as rescue efforts were still ongoing, according to to the ministry.

Baalbek governor Bachir Khodr denounced the attacks on the area as the "most violent" since the start of the Israeli aggression.

Israel has been targeting Lebanon since October 2023, when it launched a genocidal war on the Gaza Strip.

Hezbollah has been responding to the aggression with numerous retaliatory operations, including one with a hypersonic ballistic missile, targeting the occupied Palestinian territories.

Since late September, Israel has escalated its strikes against Hezbollah, killing its leader Sayyed Hassan Nasrallah and a number of its senior figures.

At least 2,710 people have been killed by Israeli fire, and 12,592 others wounded since the clashes began last year, the health ministry says.

The Lebanese resistance movement has vowed to keep up its operations against Israel as long as the Israeli regime continues its Gaza war, which has so far killed at least 43,020 Palestinians, mostly women and children.

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News Network
October 17,2024

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US and British warplanes have bombed Yemen's capital city of Sana'a and several other areas, amid the country’s solidarity with the Palestinians in the besieged Gaza Strip and the Lebanese nation in the face of Israel's brutal aggression.

Yemen's al-Masirah television network said the US-British aggression targeted the al-Hafa and Jirban areas in the north and south of the capital with six airstrikes on Thursday morning.

The television network also said the warplanes struck the northwestern Yemeni city of Sa'ada as well as the Kahlan and al-Abla areas east of the city.

The US military has used "B-2 stealth bombers for the 1st time in airstrikes on Yemen,” the television network said.

Yemen's official Saba Net news agency reported that US-British aggression aircraft launched 15 raids on the capital Sana'a and the Sa’ada province.

The agency cited a security source as saying that the aircraft targeted with six raids the areas in the north and south of the capital, and launched nine raids in Sa'ada.

A US defense official confirmed that the strikes were conducted using the B-2 bomber, which is usually deployed to strike areas heavily defended by air defense systems.

Source: Airstrikes did not hit weapons depots 

A Yemeni military source told the Lebanese Al-Mayadeen TV channel that the airstrikes did not hit weapons depots belonging to Yemen's Ansarullah, and did not affect their capabilities as claimed by the Pentagon.

The source said the use of B-2 stealth bombers in the attacks indicates "panic" in the US military over the possibility of its drones being shot down in Yemeni airspace, after several MQ-9 drones were shot down by the Houthi movement in recent months.

Any American-British aircraft or weapon used to strike Yemen "cannot neutralize the strategic weapons that the Yemeni army has prepared and continues to prepare and develop," the source said.

He added that attacks on Yemen will not succeed in forcing the Ansarullah movement to stop its support of Gaza and Lebanon.

Nasreddin Amer, Deputy Minister of Information in the Sana'a-based administration, condemned the American and British aggression, saying, “The position of the Yemeni nation toward Palestine and Lebanon will not change with these attacks.”

Amer stressed that the United States will “pay the price” of the dawn aggression against Yemen.

"We confirm that the American aggression will not pass without a response," said a statement from Ansarullah's political bureau.

Earlier on Tuesday, US and British forces conducted four airstrikes on the al-Luhayyah district in Hudaydah Province, in western Yemen. The day earlier, they carried out two airstrikes on the al-Salif district in western Hudaydah.

Yemenis have declared their open support for Palestine’s struggle against the Israeli occupation since the regime launched a devastating war on Gaza on October 7, 2023, after the territory’s Palestinian resistance movements carried out surprise Operation Al-Aqsa Flood against the occupying entity.

The Yemeni Armed Forces have said they will not stop their attacks until unrelenting Israeli ground and aerial offensives in Gaza end.

So far, Israel has killed at least 42,409 Palestinians, mostly women and children, and injured 99,153 others in Gaza. The regime has also intensified its deadly attacks against Lebanon over the past year, killing upwards of 2,300 Lebanese people.

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