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Canada's government has said it has reached a deal with Google for the company to contribute USD 100 million Canadian dollars annually to the country's news industry to comply with a new Canadian law requiring tech companies to pay publishers for their content. The agreement removes a threat by Google to block the ability to search for Canadian news on Google in Canada. Facebook and Instagram parent company Meta already has been blocking Canadian news since earlier this year. "Google has agreed to properly support journalists, including local journalism," Canadian Prime Minister Justin Trudeau said on Wednesday. "Unfortunately Meta continues to completely abdicate any responsibility towards democratic institutions." Pascale St-Onge, the minister of Canadian heritage, said that Google will contribute USD 100 million Canadian (USD 74 million) indexed to inflation in financial support annually for a wide range of news businesses across the country. "It's good for the news sector. If

Catch all the latest updates from across the globe here

Catch all the latest news updates live from across the globe here

More than half of internet users in India are consuming news online, and close to half of them consider trust to be the key propeller for driving news consumption, a Kantar-Google report said on Thursday. The report found that interest in news consumption is higher (63 per cent or 238 million) in rural India compared to 37 per cent of internet users in urban centres. According to the report, 52 per cent or 379 million internet users in Indian languages access news online through various news apps/websites, social media posts, message forwards, YouTube etc. "48 per cent say online is more popular in peer circles over traditional TV channels," the report said. The report estimates that there are 729 million internet users in India. Kantar said that it conducted over 4,600 in-person interviews and 64 qualitative discussions across 16 cities to understand the news consumption habits of Indian language digital news consumers aged 15 and above in 14 states across 8 languages. Video is

Potential for digital news publishers, content creators to get growth avenues, it says

Web platforms and news generators' relation needs review

Business models in this segment are hazy, profits seem far away for most. But investors see something in hyperlocal apps

The first lot of these online entities is finally making money. But regulation and the availability of capital will determine their future

'News is one of the most powerful ways of answering some of the questions that people come to Google for', said Beddoe

Online news platform Newslaundry on Saturday said it does business "honestly and with integrity"

The Income Tax department on Friday conducted separate "survey operations" at the premises of online news portals Newsclick and Newslaundry here, officials said.

For long, activists and governments have been prompted to demand greater transparency and accountability from Facebook, WhatsApp, Twitter and other social media behemoths

The new guidelines seek to regulate OTT platforms and digital news media, whether they use other intermediary sites or apps such as Twitter or Facebook or host news media content on their own websites

Here's a selection of Business Standard opinion pieces for the day

New rules for digital media have troubling implications

Some say Intermediary Guidelines and Digital Media Ethics Code Rules, 2021, leaves too many things in the hands of the central government

Facebook's reach in Australia is powerful. It has more than 11 million users in a population of 25 million

Seven West Media has become the largest Australian news media business to strike a deal with Google to pay for journalism

The move infuriated many other French outlets, which deemed it unfair and opaque