Rob Nicholls

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Facebook says it will ban publishers and people in Australia from sharing local and international news on Facebook and Instagram if a proposal to force tech giants to pay for news becomes law.

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If the ACCC takes one of the tech giants to court for breach of the code, the penalty could be more than $10 million.

Facebook news

As news media revenues tumble still further amid the COVID-19 recession, the government has pledged mandatory rules to force tech giants to pay for using news content.

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The ACCC's inquiry was launched to address concerns about the market power of major digital platforms, such as Google and Facebook, and their impact on Australia's businesses and media.

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The Australian Competition and Consumer Commission says the sheer dominance of Google and Facebook has distorted other businesses' ability to compete on their own merits.

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Customers can now change the way they do business with banks.

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It probably won't surprise you that if you ask Alexa to give you the best price on a product, the assistant will usually direct you to what's available on Amazon.

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If you check a website multiple times for a flight on a specific date, the seller might assume this is the only date you're interested in and increase the price on offer.

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Open banking will allow customers to use their data in a range of ways, including seeing how they are faring financially against people in similar situations, writes Rob Nicholls.

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Bank customers usually stay with their bank despite scandals in the sector, but new tech that gives consumers more information might help them switch, writes Rob Nicholls.

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