Connect with us

World

Rupert Murdoch’s News Corp wants Australia to break up Google

Published

on

Late last year, the Australian watchdog issued a preliminary report identifying concerns about the way digital platforms favor their own businesses. While the agency recommended greater scrutiny and regulatory oversight for how tech companies handle personal data and advertising services, it stopped short of suggesting divestment.

In February, Google submitted a response to the Australian Competition and Consumer Commission’s findings.

“The Preliminary Report bases many of its recommendations on the mistaken premise that Google has market power in search, search advertising, and news media referrals,” the tech giant said, claiming that it faces “fierce competition.”

Tech behemoths such as Google and Facebook are now facing increased scrutiny from regulators around the world.

U.S. Sen. Elizabeth Warren, a Democratic presidential hopeful, unveiled a plan last week to break up several big tech companies, including Google, Amazon and Facebook. Lawmakers in the U.S. and in the U.K. have gone after the social network following a scandal that revealed personal data was improperly gathered from its users.

Meanwhile, the European Union last year fined Google $5 billion for abusing the dominance of its Android mobile operating system.

Source link

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

World

Challenges are rising for Asian private equity investors: Bain & Co

Published

on

The report also highlighted risks emanating from China’s surging internet and technology sector, often referred to as its new economy.

Bain said that average deal size in that sector increased to $213 million last year, from $30 million in 2013.

“The huge volume of private equity and venture capital flowing into China’s new economy has over­-saturated the lower end of the market, prompting investors to seek larger investments,” the report said.

It also cited difficulties in evaluating Chinese internet and tech start-ups by traditional metrics such as earnings and cash flow.

“The uncertainty hanging over China’s new economy will test the industry’s resilience and creativity,” the report said.

“Nearly two-thirds of Greater China private equity investors we surveyed see a high to very high risk of the speculative bubble bursting in the coming years,” it added.

Source link

Continue Reading

World

Asia markets trade mostly higher as Japan's Nikkei 225 climbs

Published

on


The Bank of Japan is set to deliver its monetary policy decision later in the day. Low inflation has forced the central bank to stick with a massive stimulus program despite rising costs.

Source link

Continue Reading

World

Israel launches Gaza strikes after rockets fired at Tel Aviv

Published

on

Israeli military aircraft bombed Hamas facilities in the Gaza Strip on Friday, hours after two rockets were launched from the Palestinian enclave at Tel Aviv in the first such attack since a 2014 war.

There was no immediate word of casualties in the air strikes that hit four buildings used by the dominant Islamist group’s security forces, and which had been evacuated as a precaution.

Witnesses said powerful explosions from the air strikes rocked buildings in Gaza and lit the skies over targeted sites.

The Israeli military said it was targeting “terror sites” in Gaza. In a possible sign of further escalation, it said rocket sirens were sounded in Israeli communities near the Gaza border.

On Thursday night, sirens howled farther north, in Tel Aviv, Israel’s commercial capital, set off by what the military said were two incoming, longer-range rockets from Gaza.

That salvo caused no casualties or damage, missing built-up areas. But it rattled Israeli nerves ahead of an April 9 election in which Prime Minister Benjamin Netanyahu is seeking a fifth term on the strength of his national security credentials.

Explosions were heard in Tel Aviv and witnesses said Iron Dome interceptor missiles were fired skyward and detonated — although the military said no rockets were shot down.

It was the first such attack on the city since the 2014 Gaza war between Hamas and Israel. There have been several smaller rounds of fighting since, reined in by Egyptian and U.N. mediation.

“This was basically a surprise,” military spokesman Brigadier-General Ronen Manelis told Israel Radio on Thursday.

“We don’t know who carried it out,” Manelis said, adding: “The Hamas organization is the main organization in the Strip. It is responsible for what happens within the Strip and what emanates from it.”

Hamas denied involvement in the rocket launches, which it said took place as its leaders met Egyptian delegates about efforts to secure a long-term ceasefire with Israel.

Islamic Jihad and the Popular Resistance Committees, two smaller Gaza armed factions, also denied responsibility.

Israeli analysts speculated that Palestinian militants opposed to any deal between Hamas and Israel were behind the launchings.

Naftali Bennett, a member of Netanyahu’s security Cabinet who is vying against him for rightist votes in the looming election, demanded the assassination of Hamas chiefs. “The time has come to defeat Hamas once and for all,” he said on Thursday.

Netanyahu also faced pressure from the centre-left opposition, whose leading candidate, former General Benny Gantz, said: “Only aggressive, harsh action will restore the deterrence that has eroded” under the prime minister’s watch.

The flare-up of Thursday and Friday drew a U.S. statement of support for Israel. “Hamas and other terror orgs in Gaza continue to fail their people day after day & drag Gaza further & further down by constantly choosing violence,” tweeted Jason Greenblatt, the White House’s Middle East envoy. “This method will never work. Ever!”

Tensions have been high for the past year along the Israel-Gaza frontier since Palestinians began violent protests near Israel’s border fence that have often drawn a lethal response from the Israeli military.

About 200 Palestinians have been killed in the demonstrations and about 60 more Palestinians have died in other incidents, including exchanges of fire across the border. Two Israeli soldiers have been killed by Palestinian fire.

Source link

Continue Reading

Trending