Frydenberg described the agreed amendments as “clarification” of the government’s intent. He said his negotiations with Facebook chief executive Mark Zuckerberg were “difficult”.
A European publisher lobby group that is among those working with Microsoft said the deal shows that such legislation is possible – and not just in Australia.
“Recent changes prove that regulation works,” said Angela Mills Wade, executive director of the European Publishers Council. “Regulators from all over the world will be assured that they can continue to draw inspiration from the Australian government’s determination to withstand the unacceptable threat of commercial gatekeeper power. “
Facebook said it would now negotiate a deal with an Australian publisher.
“We are satisfied that the Australian government has agreed to a number of changes and guarantees that address our major concerns about allowing commercial deals that recognize the value our platform provides publishers with the value we receive from them,” Facebook regional managing director William Easton said.
“As a result of this change, we can now work to continue our investment in public interest journalism and restore news on Facebook for Australians in the coming days,” Easton added.
Google, meanwhile, has listed Australia’s largest media company in content licensing deals through its News Showcase. The platform says it has handled more than 50 Australian titles and more than 500 publishers worldwide are using the model, which launched in October.
Britain wants to develop unfettered trade relations around the world to offset the upheaval from Brexit, but its move to join the Comprehensive and Progressive Agreement for the Trans-Pacific Partnership, or CPTPP, has had limited benefits, analysts say.
He Yun, a professor at the School of Public Administration at Hunan University in Changsha, said the British government needed to prove it was capable of negotiating trade deals once it left the European Union, and the CPTPP was a low hanging fruit. .
“The benefits of the CPTPP for the UK economy will be limited,” he said of the country’s sought-after participation in a free trade zone centered on the Asia-Pacific region. “First, distance is important in trade. Transport of goods by air and sea would be too expensive for the CPTPP to substantially lower UK costs of trading with the entire bloc.
“Second, what Britain needs most is to expand the international market for its services, which is suffering from losing its passport rights to the EU market. But the CPTPP has no service.”
In addition, there is the question of how Britain will set its priorities in getting its trade negotiators to hold talks. The country needs to start negotiating trade deals or renewals on most or all of its continuity agreements with more than 60 countries, and the UK-EU agreement itself, he said.
“Joining the CPTPP negotiations now will further expand the negotiating force and potentially harm other negotiations.”
Britain made a formal request to join the CPTPP on February 1 in a meeting with ministers from Japan and New Zealand. The 11-member free trade area comprises the countries of Asia and the Pacific, covering 500 million people. This represents about 13.5 percent of the global economy.
Liz Truss, Britain’s foreign minister for international trade, said membership would help create jobs, rebuild the global trade system and place Britain “at the heart of some of the world’s fastest growing economies”.
The move comes a year after Britain officially left the European Union, and has been in dire need of finding a new life both economically and politically since then.
Negotiations between Britain and the signatories to the CPTPP are expected to begin this year, the commerce department said.
Transparency is questionable
Emily Thornberry, the shadow international trade secretary for the opposition Labor Party in Britain, questioned the government’s lack of transparency regarding its intentions for the pact. He said people would question the British government’s decision “to immediately join other countries on the other side of the world without any meaningful public consultation”, after lengthy negotiations on the Brexit agreement.
Xu Liping, a researcher at the National Institute of International Strategy of the Chinese Academy of Social Sciences, said the UK’s announcement that it wants to join the CPTPP could be a useful signal to the world that it is still interested in collaborating with other countries. country.
Jon Geldart, director general of the United Kingdom Institute of Directors, said that Britain has left the EU, now there is an opportunity to develop unfettered relations around the world in terms defined by the government.
“The world has changed and Britain hopes to be at the forefront. Leaving the European Union is difficult and British businesses are undergoing a painful divorce but future trading options with significant new markets offer opportunities,” he said, adding that British businesses see a strong relationship. strong with China and seeking more cooperation with Chinese companies.
New Zealand Rugby negotiations with US private equity firm Silver Lake are advancing, with reports suggesting a minority stake of up to 15 percent could be sold immediately.
That Heralds first revealed NZ Rugby’s important negotiations with Silver Lake last May.
With the realization that the NZ Rugby financial model can no longer rely solely on the All Blacks to fund the game, a high-ranking NZ Rugby source explains how private investment can be made.
“You will set up an NZ Rugby subsidiary and get investment into the company in some form of partnership,” the source told Heralds in May. “You put commercial assets into the company – whether it’s a combination with Sanzaar partners and something like Super Rugby in its reincarnation, or the Rugby Championship.
“We have to get an income stream and we can’t afford to finance it ourselves.
“Of course at the Super Rugby level, our financial model is under great pressure, both the competition and our team. We are too undercapitalized. That’s a critical area.”
Follow Herald reporting, stating that negotiations with Silver Lake and other private investment firms will resume once the Super Rugby future has a solid blueprint, Sky News UK now suggests 15 per cent of the shares could be sold.
The NZ Rugby entity is temporarily valued at US $ 2 billion ($ 2.79 billion NZD).
Together with Silver Lake, Bruin Sports Capital is also believed to have negotiated with NZ Rugby.
The developments come as Luxembourg-based CVC Capital Partners prepares to finalize a £ 365 million agreement for 14.5 percent of the Six Nations’ commercial rights, with a five-year deal to be confirmed later this month.
In 2018, CVC took 27 per cent ownership in the Premier League of English club rugby.
While Sky News UK reports the NZ Rugby deal could be completed by the end of the month, the Herald understands it may take up to three months to finalize the details.
In an interview with Heralds Last November, while disclosing $ 40 million in cash reserves due to the impact of Covid-19, NZ Rugby chief executive Mark Robinson confirmed talks with private investment firms were advancing over commercial rights.
“We are open to looking for partners who might invest in Rugby New Zealand,” said Robinson.
“We are only at that early stage, but obviously there is a lot of work being done around the world on that.
“It’s only right for us because we try to do our best for the game and try to explore all the avenues we investigate like this.”
Silver Lake is one of the world’s leading technology investors with a company portfolio of $ US75 billion.
Its partnership with New Zealand Rugby is likely to focus on building its digital and media rights, including broadcasting, reflecting a similar approach from City Football Group – owner of Manchester City.
Silver Lake was also part of the consortium that controlled UFC, the Mixed Martial Arts franchise, in 2016.
French European Affairs Minister Clément Beaune has strongly denied allegations that the EU is continuing to buy more German-made vaccines to make Paris happy.
“These accusations are unacceptable and false,” Beaune tweeted.
Like many people in Europe who are looking for the culprit behind the ongoing lack of vaccinations, Karl Lauterbach of the German Social Democrats (SPD) took aim at France, stated that France insists on numbers [BioNTech/Pfizer] the order dose is not too large in comparison [the number of Sanofi doses] although this vaccine is far from ready. “
Lauterbach’s accusations echo Der Spiegel’s report from December, arguing that the EU is turning down the opportunity to purchase more doses of the vaccine made by the American company Pfizer and BioNTech, a German company – even as preliminary studies show it is one of the most promising candidates.
“There is no doubt that Paris is very protective of Sanofi,” said the report, referring to the French pharmaceutical giant scheduled for release vaccine by the end of 2021.
“We make collective choices. German laboratories are also well maintained; we ordered 300 million doses from BioNTech, over 400 from CureVac, over [what we are ordering from] Sanofi, “added Beaune. “The isolated strategy can be tempting in the short term, but not effective over time.”
The Sindh Government Secondary Teachers Association (GSTAS), which held a hunger strike in front of the Karachi Press Club, ended their protest on Thursday following successful talks with the Secretary of the School of Education & Literacy (SELD) Department Muhammad Bakhsh Narejo.
During the meeting between the two parties, the teachers presented their pledge of demands, which includes the payment of their appointed salaries for 2012 in all six districts of the Karachi region.
Their charter demands also state that contract teachers who have fulfilled the requirements of their tests held under the supervision of a third party should be considered permanent employees of the education department, while the contract system in teaching should be abolished.
GSTAS is also demanding that management cadre employees be removed from their positions in public schools, while junior teachers are promoted to grade 17. On Tuesday, SELD has notified a five-member committee to verify the eligibility of teaching staff appointed in 2012. The committee is chaired by an additional secretary. department, while the other members are the director of school education, district education officer, director of human resources and auxiliary secretary of the general administration of SELD.
Based on the terms of reference, the committee will review the original district / city records regarding the recruitment of appointed teachers during 2012 and will submit a report within one month to the high-power committee for follow-up.
On Thursday, the SELD secretary assured the protesters that not only will teachers recruited during 2012 be reinstated after verification but the department has also committed to waiving their salaries.
Narejo said several teachers had submitted petitions to the provincial education office and their cases had not yet been decided. However, he added, his party had formed a high-strength committee to verify recruitment cases, so that those who passed would be appointed as permanent teachers. He hopes this issue will be resolved in the next several meetings with higher authorities.
Later, GSTAS Center President Maqsood Mehmood Mahesar warned that if their demand charter was not accepted even after the SELD secretary’s guarantee, the association would exercise their right to protest against the authorities representing the provincial government in their talks.
Mahesar claims that the demands of the GSTAS are perfectly justified. He said, if their demands were met by the education office, teachers would not have to take to the streets.
GSTAS does not support the use of teachers against the government, he added. He hopes that 2021 will be a better year for teachers who have been deprived of their salaries and rights.