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Australian Competition and Consumer Commission Chairman (ACCC) Rod Sims said proposed laws that will make Australia the first country in the world to force Google and Facebook to pay for news were fair and critical for the survival of the media industry.

SINGAPORE: M1 users in Singapore reported disruption to their Internet services on Monday (Dec 21), the second time this month. This is also the fourth disruption to M1 services this year. "@M1Singapore it is down again. You have to change the way you operate M1. You are impacting all...

SoftBank's Vision Fund is preparing to raise between US$500 million and US$600 million via an initial public offering of its first special purpose acquisition company (SPAC), U.S. news portal Axios reported on Sunday, citing multiple sources.

The incoming White House chief of staff said on Sunday that President-elect Joe Biden's response to the massive hacking campaign uncovered last week would go beyond sanctions.

TRENTON: Amazon said on Sunday (Dec 20) it had closed one of its warehouses in New Jersey out of caution until Dec 26, after seeing an increase in asymptomatic positive cases amongst workers. "Through our in-house COVID-19 testing program, we detected an increase in the number of asymptomatic ...

Shell said on Monday it has agreed to sell a 26.25per cent stake in its Queensland Curtis LNG (QCLNG) facilities to Global Infrastructure Partners Australia for US$2.5 billion, helping the oil major meet its annual target for divestments.

TOKYO: Japan's cabinet approved on Monday (Dec 21) a record US$1.03 trillion budget draft for the next fiscal year starting in April 2021, the Ministry of Finance said, as the coronavirus and stimulus spending puts pressure on already dire public finances. The 106.6 trillion yen (US$1.03 trillion) ...

TOKYO: Japanese Prime Minister Yoshihide Suga's government approved a ninth consecutive rise in military spending on Monday (Dec 21), funding the development of an advanced stealth fighter and longer-range anti-ship missile to counter China's growing military power. The Ministry of Defense will ...

Oil prices slid in early trade on Monday as a fast-spreading new coronavirus strain in the United Kingdom raised concerns that tighter restrictions there and in other European countries could stall a recovery in the global economy and its need for fuel.

Congressional leaders said on Sunday that lawmakers agreed to expand payroll assistance to additional struggling local news outlets as part of a US$900 billion COVID-19 relief bill.