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Tag: outcome

Australia leader expects ‘sensible outcome’ to news pay plan

Australia leader expects ‘sensible outcome’ to news pay plan

Technology
Australia’s prime minister says he expects a “sensible outcome” to his government’s plans to make digital platforms pay for journalism after Facebook threatened to block Australian publishers and individuals from sharing news storiesBy ROD McGUIRK Associated PressSeptember 7, 2020, 5:18 AM• 2 min readCANBERRA, Australia -- Australia’s prime minister said Monday that he expected a “sensible outcome” to his government’s plans to make digital platforms pay for journalism after Facebook threatened to block Australian publishers and individuals from sharing news stories.Prime Minister Scott Morrison said he had discussed his proposed laws with “very senior-level executives” including Google's chief executive, Sundar Pichai, last week.Facebook's managing director for Australia and New Zealand, W...
Sensex falls 477 points from day’s high on profit booking, ends 25 points lower; all eyes on RBI policy outcome

Sensex falls 477 points from day’s high on profit booking, ends 25 points lower; all eyes on RBI policy outcome

Finance
Mumbai: Benchmark equity indices shrugged off strong cues from global peers and wiped off early gains to settle on a flat note on Wednesday, as caution ahead of the RBI policy outcome triggered profit-taking in index heavyweights. The continued rapid surge in coronavirus infections also bothered investors. For the seventh day in a row India registered more than 50,000 new Covid-19 cases, taking the total tally past the 19-lakh mark. “There were only a few stocks participating in the rally in recent times, and those stocks – index heavyweights corrected, dragging the market. It is a fragile market as far as depth of momentum is concerned,” said Deven Choksey, group managing director, KR Choksey Investment Managers. “The RBI MPC is unlikely to cut rates at this time; we will see the status q...