Facebook signs pay deals with 3 Australian news publishers

Facebook announced on Friday preliminary agreements with three Australian publishers, a day after the Parliament passed a law that would make the digital giants pay for news.Facebook said letters of intent had been signed with independent news organizations Private Media, Schwartz Media and Solstice Media.The commercial agreements are subject to the signing of full contracts within the next 60 days, […]

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Australia passes law to make Google, Facebook pay for news

Australia’s law forcing Google and Facebook to pay for news is ready to take effect. However, the laws’ architect said it would take time for the digital giants to strike media deals.The Parliament on Thursday passed the final amendments to the so-called News Media Bargaining Code agreed between Treasurer Josh Frydenberg and Facebook chief executive Mark Zuckerberg on Tuesday.In return […]

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German economy grew 0.3% in 4th quarter, better than thought

The German economy grew 0.3% in last year’s fourth quarter compared with the previous three-month period; official data showed Wednesday — a better performance than first thought.In late January, the Federal Statistical Office reported that gross domestic product edged up 0.1% in the October-December period.Wednesday’s revision meant that last year’s overall GDP drop was a touch less sharp than initially […]

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China’s answer to the Bitcoin

Almost two-thirds of all bitcoins that are on the market worldwide are mined in China; the state still tolerates this, but trading in cryptocurrencies is no longer allowed. The Chinese government has its plans. China is the world’s largest producer of bitcoins. Hardly anyone in this country knows company names like Bitmain or MicroBT. Still, they are among the largest […]

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Bitcoin Slumps Below $50,000 as Caution Sweeps Over Crypto Rally

Bitcoin slid Tuesday after a bout of volatility highlighted lingering doubts about the token’s durability’s mesmerizing rally.The cryptocurrency fell as much as 12.5% to $48,071 and was trading below $50,000 as of 8:16 a.m. in London. At one point Monday it plunged 17% before paring the slide. Bitcoin is still up some 390% in the past year.Treasury Secretary Janet Yellen […]

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Facebook will lift its Australian news ban soon

On Tuesday, Facebook said it would lift its ban on Australians sharing news after it struck a deal with Australia’s government on legislation that would make digital giants pay for journalism.Treasurer Josh Frydenberg and Facebook confirmed that they have agreed on amendments to proposed legislation to require the social network and Google to pay for Australian news that they feature.Facebook’s […]

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