The European Union is set to propose new laws to rein in the power of big tech companies, including measures to ensure customers are protected, smaller rivals are treated fairly, and illegal content is dealt with, the bloc’s digital and antitrust chief said on Thursday.
Executive Vice President Margrethe Vestager outlined two draft laws that the EU’s executive Commission plans to introduce in early December. They amount to a sweeping overhaul of digital regulations, though the final version will depend on negotiations with the EU Parliament and the bloc’s 27 member states.
https://apnews.com/article/europe-d1586442629593b2556a81f811bf12af
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Tougher new rules for tech giants, more power to enforcers: EU’s Vestager
Tech giants will have to do more to weed out illegal and harmful content while online gatekeepers will be bound by a list of dos and don’ts under new rules aimed at reining in their power, Europe’s antitrust chief said on Thursday.
European Competition Commissioner Margrethe Vestager also proposed new powers for enforcers to tackle market failures in digital markets and to stop new ones from emerging.
https://in.reuters.com/article/eu-antitrust-tech/tougher-new-rules-for-tech-giants-more-power-to-enforcers-eus-vestager-idINKBN27E22T
https://uk.reuters.com/article/us-eu-antitrust-tech/tougher-new-rules-for-tech-giants-more-power-to-enforcers-eus-vestager-idUKKBN27E1JU