Tag Archives: Australian

Facebook Study Said to Help Target Insecure Australian Children for Advertising

Facebook has reportedly monitored the posts of Australian children and used algorithms in a secret study to identify and exploit them by allowing advertisers to target them during their most vulnerable moments. Leaked internal documents obtained by The Australian outline how the social network can target “moments when young people need a confidence boost” by monitoring posts, pictures… Read More »

HK tycoon makes $5.4bn offer for Australian energy firm

Cheung Kong Infrastructure (CKI) has made an unsolicited offer to acquire Australian energy firm Duet Group for $5.4bn (£4.2bn). CKI is a Hong Kong-based conglomerate, owned by billionaire Li Ka-shing. The offer represents a 28% premium on Duet’s share price, when last traded on Friday. Any formal bid by CKI would be subject to approval from Australia’s Foreign… Read More »

BP scraps controversial Australian oil exploration site

BP has abandoned a plan to drill for oil off the south coast of Australia. Greenpeace hailed the decision as a “momentous win” describing the area – known as the Great Australian Bight – as a “pristine marine reserve”. BP was awarded exploration licences in 2011, but has struggled to receive approval from Australian regulators. The oil company… Read More »