U.S. ASKS AUSTRALIA TO SUSPEND PROPOSED LAWS THAT FORCE GOOGLE, FACEBOOK PAY FOR NEWS

Highlights

• Trump administration has asked the Australian government to scrap proposed laws that force social media giant Facebook Inc and Google to pay for news sourced from local media

• As per the proposed law, Google and Facebook will be subject to mandatory price arbitration if a commercial agreement on payments to Australian media cannot be reached

With just one day left for the President-elect Jo....