Facebook launching 'Shops' on its social Media Platform | Market Update

  • May 20, 2020 AEST
  • Team Kalkine

Australian Agricultural Company (AA Co) has shrugged off a recent ban by China on beef imports from some of its plants, saying it is working with government and industry to respond to the implications. Australia's largest beef producer says its global footprint will allow it to divert product to other markets if required.

Chief Executive Mark Zuckerberg says announced that Facebook is launching Shops, a service that will allow businesses to display and sell products on the social network’s platforms, The move to build up e-commerce offerings follows Facebook’s launch last year of limited shopping options on photo-sharing app Instagram and messaging service WhatsApp. Company leaders wager that making the platforms more business-friendly will generate fresh ad revenue, even as user g isrowth slows.

Mortgage insurance provider Genworth will lose a National Australia Bank contract worth about 12 per cent of its gross written premium. NAB has decided to use a single lenders mortgage insurance provider, QBE, for home lending and has told Genworth the current contract, which expires on November 20, will not be renewed. Home buyers usually pay lenders mortgage insurance when taking a loan.

#FacebookShops #mortgage_loan #Australia #Kalkine

 


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