With much of Japan under a state of emergency due to a third wave of COVID-19 infections, organisers of the Tokyo Olympics will mark six months to go on Saturday with little fanfare, no fireworks and amid rapidly dwindling public support. Postponed by a year due to the pandemic, there will be no more delays for the 2020 Games, organisers have stressed, despite a recent Kyodo News survey showing 80% of people in Japan want the event either cancelled or rescheduled. On a two-day visit to Tokyo in November, IOC chief Thomas Bach expressed confidence the Olympic and Paralympic Games would go ahead but the public remains deeply concerned about hosting a gathering of some 15,000 international athletes amid a sharp rise in infections.
Google said on Friday it will disable its search function in Australia if the government proceeds with a media code that would force it and Facebook Inc to pay local media companies for sharing their content. Australia is on course to pass laws that would make the Big Tech giants negotiate payments with local publishers and broadcasters for content. "The code's arbitration model with bias criteria presents unmanageable financial and operational risk for Google," Mel Silva, managing director for Australia and New Zealand, told a senate committee.
The stock market rally hit new highs Thursday on big techs like Apple, AMD and Intel, but an increasingly extended Nasdaq raises risks.