Australia to make Google and Facebook pay for news content

14 Sept 09:33 Key points summarised by AI

Australia's government will give Google and Facebook three months to negotiate fair payment for news content with Australian media businesses.
A draft mandatory code of conduct aims to make digital platforms compensate media companies for news, with binding arbitration if negotiations fail.
The legislation seeks to ensure a sustainable media landscape, foster competition, and protect consumers, with significant penalties for breaches.
This move addresses an advertising revenue crisis for Australian media, focusing on fair compensation for original content rather than protection from competition.

New home loan scheme aims to boost property sector with Bt125 billion

Today 11:38 Key points summarised by AI

The Cabinet approved a new Bt50-billion 'A House for Each PLUS' home loan scheme from the Government Housing Bank, offering up to Bt3 million with 40-year repayment terms for low- and middle-income earners.
This initiative aims to significantly boost the property sector and national economy, projecting to generate Bt125 billion in economic activity and create jobs.