Tag: GOVERNMENT POLICY
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Australia Considers Legislation to Compensate Media for News Content
Australia is contemplating new rules to incentivize big tech firms to pay local media companies for news content. The proposed “news bargaining initiative” seeks to mandate financial agreements between these digital platforms and Australian publishers. This follows past legislation aimed at compensating media outlets, highlighting ongoing tensions in the media landscape. On December 12, 2024,…
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Ofwat Blocks Water Companies from Using Customer Funds for Bonuses
Ofwat has intervened to block nine water companies from using customer funds for executive bonuses deemed undeserved, totaling £6.7 million. Notably impacted are Thames Water, Yorkshire Water, and Dwr Cymru Welsh Water, which face a combined total of £1.5 million in halted payments. The regulator emphasizes the need for bonuses to correlate with performance improvements…