Australia has come up with a law that asks Google and Facebook to pay Australian media for the content used in search, and social media. Google says this sets an “untenable precedent” and has threatened to withdraw its search engine from Australia. Between the two extreme positions is a middle ground: that tech giants and media have a symbiotic relationship and a revenue-sharing model would be a sensible way forward, the second edit says. Read it here
Mahesh Vyas examines the dimensions of India’s K-shaped recovery here
Is there a bubble in financial markets? Markets are past the phase of multiple expansion, driven by ultra-easy financial conditions and we need earnings to kick in now for the broad markets to sustain, writes Akash Prakash. Read it here
Anjuli Bhargava explains why a Tata buy of Air India could create new conflicts for its management and partners. Read it here
“The whole world is laughing at the United States”
Film director Spike Lee on Donald Trump
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