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Australia passes law to levy tech giants that fail to pay for local news

SYDNEY, Aug 20 (Reuters) – Australia passed legislation on Thursday that will force tech giants to pay millions of dollars in levies if they fail ​to strike commercial deals with local media outlets for news ‌on their platforms. The News Bargaining Incentive taxes the companies 2.5% on their advertising revenues unless they strike agreements. Proceeds from the scheme would be directed to local ​Australian news outlets, whose content helps drive user engagement and ​advertising revenue on the tech firms’ platforms. The levy applies to Meta, ⁠Alphabet’s Google, TikTok and Microsoft’s, LinkedIn, covering companies with a “significant” ​social media or search

Sensex jumps 628 points, Nifty snaps 7-day losing streak

Sensex jumps 628 points, Nifty snaps 7-day losing streak

Mumbai, Aug 20 (PTI) Benchmark equity indices bounced back on Thursday, with the Sensex climbing 628 points and the Nifty snapping its seven-day losing streak to end at 24,231.85, tracking a rally in world markets as easing global bond yields revived risk appetite. Fresh foreign fund inflows also added to the markets’ optimism. The 30-share BSE Sensex jumped 628.04 points, or 0.82 per cent, to settle at 77,537.72 after four days of decline. During the day, it surged 701.43 points, or 0.91 per cent, to 77,611.11. The 50-share NSE Nifty also bounced back after seven days of losses. It ended

Rupee settles on flat note, higher by 3 paise at 95.70 against US dollar

Rupee settles on flat note, higher by 3 paise at 95.70 against US dollar

Mumbai, Aug 20 (PTI) The rupee pared initial gains and settled for the day with gains of just 3 paise at 95.70 against the US dollar on Thursday, as the support from the weaker dollar index was negated by elevated crude oil prices. Forex traders said while a weaker US dollar eases some depreciation pressure on the domestic currency, crude oil hovering above USD 90 would continue to keep pressure on India’s import bill. The dollar index fell to its lowest level since late May after the US Treasury announced that it would double its buyback operations for longer-dated Treasury

Former Meta engineer says Instagram took a ‘don’t ask, don’t tell’ approach on kids under 13

OAKLAND, California, August 20, 2026 (AP) — A former engineering director at Meta who has testified before Congress about child safety on Instagram told jurors Wednesday at a landmark trial that the company took a “don’t ask, don’t tell” approach on kids under 13 on its platforms. During his second day of testimony, Arturo Béjar said Meta consistently prioritized profits over safety in designing its products, focusing on how often and for how long people used them, even if it was detrimental to their mental well-being. “If you step away from the product, they are not going to make any

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