News Corp. (NWSA,NWS) said Monday that it has reached a multi-year agreement to provide access to trusted news and information to millions of Facebook users in Australia through its Facebook News product. Terms of the agreement were not disclosed.
The agreement comes after the Australian government passed the newly amended Media Bargaining Code last month in the parliament which requires technology giants Facebook and Google to pay for local Australian news content that is shared on their platforms.
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Business News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.