Business news

    ASX closes lower; Microsoft backs Australia media laws; Canon picks your best shot

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    Highlights
    • ASX200 closes 0.63% lower at 6806.7.
    • Microsoft urges US and others to follow Oz media laws.
    • Canon?s new app uses AI to pick best photos.

    The Australian market has closed 0.63% lower at 6806.7 points, and shed 0.49% over the last five days, as tech and mining stocks weighed.

    Travel stocks dragged the index today, with Qantas shedding 4.8% and Webjet down 3.9% on news of Victoria's snap five-day lockdown.

    Converesly, Enero Group gained 10.2% after a strong first-half performance.

    Bitcoin is trading around US$47,300 at 4:30pm AEDT, up 5.54% in the last 24 hours.

    Making headlines, Singular Health marked its debut on the ASX, soaring 87.5% to 38 cents/share.

    Making headlines, Microsoft has said the US should follow in Australia?s footsteps by introducing a law requiring tech giants to pay for news media content.

    As Google and Facebook threaten to withdraw services from Australia, Microsoft backs the law as an opportunity to expand its market share.

    And Canon?s new Photo Culling app takes time-wasting out of choosing your best photo by choosing it for you. The app uses AI to assess photos on your phone based on emotion, sharpness and eyes open before selecting a handful of winners and offering to delete the rest.

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