Google’s threatened shutdown of its search engine in Australia over a proposed content licensing law would ripple across industries, saddling partners like Apple with a sudden revenue gap and retailers as varied as affordable Kmart to upmarket David Jones with a supply of potentially useless gadgets. The Alphabet Inc-owned company last month said it would likely pull its core search function from Australia if the government pushes ahead with a plan to require it and Facebook Inc to pay media companies an indeterminate fee for news snippets shown on their services. Google and Facebook are fighting the first-of-its-kind “News Media Bargaining Code” as other countries consider similar efforts
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