The Australian government says big tech firms must agree to new anti-monopoly guidelines or risk facing additional regulation; Prime Minister Scott Morrison says the Australian Competition and Consumer Commission (ACCC) will establish a code of conduct designed to stop companies from abusing their market position.
Australian online design platform unicorn Canva Inc., which hit a valuation of $3.2 billion in October, announced its foray into video editing with the launch of Canva Video. Canva is known globally as a go-to tool for crafting customisable graphic designs for business logos to street event posters. Now, with the launch of Canva Video, the Australian unicorn aims to challenge traditional video editing tools.