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Google, Facebook May Have To Pay Australian News Publishers

PYMNTS

Two days after Google and Facebook CEOs testified before Congress over alleged antitrust violations, Australia has proposed regulation that could force the tech giants to pay Australian news outlets to distribute their content. In response, Google said it was disappointed by the proposal. Google has denied the charges.

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An Australia With No Google – A Search For Search? 

PYMNTS

22), Google has said it might pull out of the country if changes are not made to the proposed news media bargaining code. That code would, in broad terms, mandate that companies such as Google and Facebook would bargain with content publishers, specifically over the value of the news that is distributed over Big Tech platforms.

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Banks given new borrowing rule as Australian house prices soar

TheGuardian

Against the backdrop of national house prices rising at their fastest pace in more than 30 years and strong demand for mortgages, the banking regulator has told the nation’s lenders to increase the minimum interest rate buffer when assessing the serviceability of home loan applications.

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KPMG: Australia’s AltFi Sector Worth $1B

PYMNTS

KPMG, an advisory and audit company, has released numbers that say Australia has a 32 percent share of the APAC alternative finance market, according to reports. This news comes in advance of the fourth edition of the AltFi Australasia Summit, which will take place in Sydney at the Doltone House on April 15. .

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Top News In Payments: Stripe To Power Digital, In-Store Payments For Lightspeed; Fed Weighs Cost And Benefits Of Digital Currency

PYMNTS

In today’s top payments news, Stripe and Lightspeed team up to advance in-store and online payments for retailers and restaurants, the Federal Reserve weighs the costs and benefits of a digital currency and the Reserve Bank of Australia considers stopping banks from automatically routing “tap and go” payments through Visa and Mastercard.

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Intuit Study: A Third Of Small Businesses Grapple With Late Payments

PYMNTS

Australia, India and Canada. In reference to speedy payments, Forbes reported that tech giants Google and Amazon have favored a real-time approach to payments , in an effort led by the Federal Reserve as an alternative to The Clearing House. The ripple effect is that they cannot pay their bills, or even themselves, in a timely manner.

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Australian Regulator To Examine Apple, Google App Stores

PYMNTS

8) issued a news release stating that it will look at the market power the two companies exert in the country. We want to know more about the market for mobile apps in Australia, including how transparent and effective the market is, for consumers as well as those operating in the market. House of Representatives.

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