AUD

• LONDON, Aug. 23, 2023 /PRNewswire/ -- Fenics Market Data, a division within BGC Group, Inc. (Nasdaq: BGC) ("BGC Group" or "BGC" or the "Company"), today announced the launch of a new and unique data service for Australian Dollar ("AUD") Interest Rate Swaps ("IRS").
• Working with market participants, Fenics Market Data created a unique service that is now the only composite screen available for AUD IRS, compiled from live, executable inputs from multiple market participants.
• The new Fenics Market Data AUS IRS service will deliver a complete market view, direct from market participants, comprised of tradeable prices.
• Rich Winter, Global Head, Fenics Market Data and kACE Information Analytics, said: "This is a transformative new service.

• Tetra Tech, Inc. (NASDAQ: TTEK), a leading provider of high-end consulting and engineering services, announced that Flotation Energy has awarded the Company a $22 million (AUD), three-year contract to assess marine environmental conditions in support of the development of the Seadragon offshore wind project in Victoria, Australia.
• Tetra Tech will conduct baseline surveys to assess the presence and conditions of marine mammals, birds, fish, and benthic and coastal processes in the proposed wind farm location.
• “Tetra Tech is ranked number one in wind power by the industry-leading publication Engineering-News Record, and we understand the importance of offshore wind power to the world’s sustainable energy portfolio and net zero future,” said Dan Batrack, Tetra Tech Chairman and CEO.
• "Our RPS operations are pleased to continue supporting Flotation Energy to advance the Seadragon project.

• About 27.4% (i.e., 25.0% of males and 29.6% of females) of college students engaged in binge drinking during the same time frame.
• These binge drinking and heavy alcohol use rates are both higher than for those not attending college.
• The consequences of harmful and underage drinking by college students are more significant, more destructive, and more costly than many parents realize.
• Research continues in order to better understand the relationships between alcohol and sexual assault among college students.

• The Online News Act, known as Bill C-18, passed in June 2023 but is yet to come into force.
• In response, it is reported that Meta has begun to block news stories from its sites Facebook and Instagram.
• Meta’s decision to block news from its platforms is likely to make life even harder for the country’s news industry.

The Australian experience

• This has already been happening in Australia where similar legislation was passed in 2021.
• In response to the Australian law, Facebook (as it was then) initially blocked all news content before relenting and agreeing on a news media bargaining code.
• This enabled media companies to negotiate with platforms and has reportedly resulted in revenues of about AUD$200 million (£102 million) flowing to news organisations.

Funding quality journalism

• It’s tempting to focus on the stand off between online media and the government on this matter, but the debate obscures a far deeper issue that societies are wrestling with all over the world: how do we fund quality journalism in an era of fast media?
• Research shows that the vast majority of people under the age of 30 get their news via mobile devices.

Future of journalism

• This is why the aim, if not the effect, of Canada’s new legislation should be seen as worthy.
• It’s an attempt to preserve a form of mainstream journalism by encouraging a negotiated future between legacy media and online media.
• Without an organic shift in public trust in the value of high-quality journalism, there will be further erosion to the idea that there is a necessary, public good brought uniquely by our professional news media – which would leave democracy all the poorer.