CANBERRA, Australia – The Australian government on Friday said it plans to give Google and Facebook three months to negotiate with Australian media businesses for fair payments for news content. The government has released a draft code of ethics that aims to succeed where other countries have failed in making the global digital giant pay for news sucked from commercial media companies. Treasurer Josh Frydenberg said Facebook FB, + 0.51% and the alphabet GOOGL, + […]
Tag: Corporate / Industry News
Because of the increasing resistance, Disney has cut advertising spending on Facebook | Instant News
According to people familiar with the matter, Walt Disney has significantly reduced its advertising spending on Facebook Inc., which is the latest setback for the technology giant because it faces a company boycott that is frustrated by the handling of hate speech and divisive content. Disney DIS, -0.65% Is from Facebook FB, + 0.45% Research firm Pathmatics Inc. estimates that this is the top US advertiser in the first six months of 2020. It joined […]
Beyond Meat Is Entering Brazil. Stocks usually react well to the news. | Instant News
Text size The idea behind Beyond Meat is to produce protein for human consumption while slaughtering animals. For the approval of Beyond Meat Beyond Meat is developing geographical borders again. The company announced a new partnership on Wednesday to bring alternative protein products to Brazil. Beyond Meat products (ticker: BYND) will begin in 19 locations. Marche in São Paulo. St. Marche is owned by a private equity company L Catterton. “The entry of our market […]
Online food prices have jumped as food companies struggle to meet demand | Instant News
Online food prices have risen 4.2% over the past six months according to the latest Adobe Inc. data. when grocery e-commerce accelerated amid the COVID-19 pandemic and food producers struggled to keep up with the continued high demand. “We always regard the online market as a ‘value market’ for consumers, which means consumers can get a little more money for them, and this should be a more profitable time for them in terms of price,” […]
A Canadian judge said the Huawei executive extradition case could continue | Instant News
VANCOUVER, British Columbia (AP) – A Canadian judge ruled on Wednesday the U.S. extradition case a senior executive of Huawei can move on to the next stage, a decision that is expected to further damage relations between China and Canada. Canada arrested Meng Wanzhou, daughter of the founder and chief financial officer of the Huawei company, at Vancouver airport in late 2018. The US wants him to be extradited to face charges of fraud. His […]