Leo Varadkar has said that Ireland should consider following Australia's lead in forcing social media companies to share advertising revenue with local media.

Speaking at a briefing today, the Taoiseach said that while the likes of Facebook, Google and Twitter create employment, they are "sort of free riders on costs incurred by other people."

Ian Guider, markets editor of the Business Post, joined us for our daily business update with this story and more, including:

• Some motor insurers agree to give refunds or discount premiums
• Revenue extends wage subsidy scheme for companies who didn't make initial filing deadline
• Jeff Bezos of Amazon has donated £250,000 to help British bookshops

Listen to the interview in full by pressing the play button on this page.