Tech

‘Heavy handed’: The government won’t bow to Facebook’s ‘coercion’, Treasurer Josh Frydenberg says

The Morrison government won’t bow to Facebook’s “heavy handed” attempts to block ground-breaking reforms of Big Tech platforms, Treasurer Josh Frydenberg said. Responding to Facebook’s threats to ban all local and international news from its platforms if it doesn’t get its way in revenue-sharing negotiations, Mr Frydenberg said “Australia makes […]
‘Heavy handed’: The government won’t bow to Facebook’s ‘coercion’, Treasurer Josh Frydenberg says
Markets

Some retailers receiving JobKeeper are earning higher profits and paying bigger dividends to shareholders

Retailers receiving millions of dollars in federal government wage subsidies from the emergency $102 billion JobKeeper program are earning higher profits and paying significantly increased dividends to shareholders. Government stimulus payments to individuals and $30 billion in superannuation withdrawals are also propping up consumer spending – boosting retailer profits and […]
Some retailers receiving JobKeeper are earning higher profits and paying bigger dividends to shareholders
News

Deliveries of household essentials like bread and milk could be slashed by a third under Melbourne’s stage four restrictions, logistics companies warn

Deliveries of household essentials like bread and milk to Melbourne supermarkets could be slashed by one-third if new rules that restrict staffing in warehouses go ahead, logistics companies have warned. Under Melbourne’s new stage four restrictions, supermarket distribution centres have to reduce their peak workforces by 33 per cent from […]
Deliveries of household essentials like bread and milk could be slashed by a third under Melbourne’s stage four restrictions, logistics companies warn