Facebook will block news sharing on its platforms in Australia if a proposal to force the U.S. tech giant to share revenue with local media outlets for featuring their content becomes law, the firm said in a statement published on Tuesday. Under Australia’s closely watched internet reforms, the country will become the first to require […]
Archives for September 2020
How RIL discreetly blocked rival Amazon out in Future Retail biz
By proposing to acquire the retail assets of Future Group (and not Future companies), the Mukesh Ambani-led Reliance Industries (RIL) has ensured that rival Amazon does not become its shareholder. Amazon is a significant shareholder (49%) in a Future Group company, which owns about 10% stake in Future Retail, the largest outfit within the group […]
RIL-Future deal to speed up JioMart business
The Reliance Industries-Future Group deal’s impact will go beyond brick-and-mortar retail in India. It will also affect the country’s growing e-commerce economy as RIL’s chairman Mukesh Ambani eyes a bigger play online. The recently announced acquisition will accelerate scaling up of Reliance’s newly launched e-commerce venture JioMart. It will also make it harder for its […]
Getting to know the ‘cloud’ through Xero
The ‘cloud’ is most likely a common topic that comes up in conversations with other accountants, and some of you might have questions revolving around the ‘cloud’ and its capability. Wing Siang, Managing Partner of Neutral Consulting, was unsure of the ‘cloud’ too until he got to know Xero. Neutral Consulting PLT is a consultancy […]
Officials debate whether India should have its own social media content moderation rules
Officials have begun preliminary discussions on whether India should have its own guidelines on content moderation by internet and social media companies, top officials told ET. The deliberations, especially with regard to moderation of hate speech, have been sparked by the government’s concerns over the arbitrary methods employed by such platforms despite them enjoying the […]
Zoom rides pandemic to another quarter of explosive growth
Zoom‘s videoconferencing service is deepening its integral role in life during the pandemic as tens of thousands more businesses and other users pay for subscriptions to get more control over their virtual meetings. The surge in paying customers enabled Zoom to hail another quarter of explosive growth. The company on Monday reported that its revenue […]
Trump suggests accused Kenosha killer Kyle Rittenhouse acted in self defense
President Donald Trump suggested Monday that a 17-year-old accused of killing two people during the civil unrest in Kenosha, Wisconsin, may have acted in self defense. “You saw the same tape as I saw, and he was trying to get away from them,” Trump said at a White House press briefing when asked about Kyle […]
The Albury–Wodonga advisors with clients caught on both sides of the border
Image: Elin Collins (second from left) and her team at Focus Partners. In what now seems like another lifetime, each morning, Elin Collins would make the leisurely 25-minute drive along the winding country roads from her home in Victoria’s Rutherglen to her accounting practice in Albury, New South Wales. But, from midnight on Tuesday 21 […]