EU Parliament backs tough new rules to rein in U.S. tech giants

Canada News News

EU Parliament backs tough new rules to rein in U.S. tech giants
Canada Latest News,Canada Headlines
  • 📰 Reuters
  • ⏱ Reading Time:
  • 39 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 97%

EU lawmakers voted on Wednesday to beef up draft rules to rein in U.S. tech giants, including extending the scope to their retailing activities and to their business users outside Europe, as part of their common position in forthcoming talks with EU countries.

EU lawmakers also want the rules to apply to web browsers, virtual assistants and connected TV, adding to Vestager's list of online intermediation services, social networks, search engines, operating systems, online advertising services, cloud computing and video-sharing services.

The lawmakers' proposal would also make it easier for users to switch default settings on their services and products to rivals. They want the Commission to do an annual report on gatekeepers, with the possibility for lawmakers to propose investigations into new services and new products."It sends a clear message that in our EU democracy it is not for BigTech to set the rules of the game, it is for legislators," she said in a tweet.

Lawmakers will now have to reconcile their proposal with that of EU countries and the Commission next year before the draft rules can become law.Reporting by Foo Yun Chee; Editing by David GregorioSubscribe for our daily curated newsletter to receive the latest exclusive Reuters coverage delivered to your inbox.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Reuters /  🏆 2. in US

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Explainer: Why is the U.S. securities regulator proposing new rules for money market funds?Explainer: Why is the U.S. securities regulator proposing new rules for money market funds?The U.S. Securities and Exchange Commission (SEC) on Wednesday proposed long-awaited regulations -- including liquidity, redemption and pricing rule changes -- to improve the resilience and transparency of the roughly $5 trillion U.S. money market fund industry.
Read more »

Apple could become 1st US company worth $3 trillionApple could become 1st US company worth $3 trillionThe tech giant's stock was hovering just below the 'watershed' milestone.
Read more »

Disney Plus Now Supports Apple SharePlay, Letting You Watch Shows With up to 32 PeopleDisney Plus Now Supports Apple SharePlay, Letting You Watch Shows With up to 32 PeopleDisney Plus has updated its suite of Apple apps to add support for the tech giant’s SharePlay feature, letting subscribers watch TV shows and movies with friends and family while connected on…
Read more »

Holiday shopping gets off to a disappointingly sluggish startHoliday shopping gets off to a disappointingly sluggish startAmericans dialed back their spending in November, new data from the Census Bureau showed Wednesday.
Read more »



Render Time: 2025-03-05 22:55:32