The European Union’s two biggest policy-making institutions have banned TikTok from staff phones for cybersecurity reasons, marking growing concerns about the Chinese short video-sharing app and its users’ data. TikTok, which is owned by Chinese firm ByteDance, is under scrutiny from governments and regulators because of concerns that China’s government…
The European Commission on Thursday launched a consultation on the future of Europe’s telecoms sector, starting a process that could lead to requiring Alphabet’s Google, Apple, Meta Platform and Netflix to pay some network costs. For more than two decades Deutsche Telekom, Orange, Telefonica, Telecom Italia and other operators have…
Tough capital rules for banks holding cryptoassets must be fast-tracked in the European Union’s pending banking law if Europe wants to avoid missing a globally-agreed deadline, the bloc’s executive has said. The global Basel Committee of banking regulators from the world’s main financial centres has set a January 2025 deadline…
Adobe will need to secure European Union antitrust approval for its $20 billion (roughly Rs. 16,55,000 crore) bid for cloud-based designer platform Figma even though the deal falls short of the EU turnover threshold for a review, EU regulators said on Wednesday. The move by the European Commission underlines regulators’…
Chinese social media company TikTok is likely to be subject to stricter EU online content rules because its number of active users exceed a threshold set out under the Digital Services Act (DSA), a senior executive at the company said on Wednesday. The landmark rules take a tougher line on…
Sony’s gaming chief Jim Ryan met EU antitrust chief Margrethe Vestager on Wednesday to discuss Microsoft’s $69 billion (about Rs. 5,62,647 crore) bid for Call of Duty maker Activision Blizzard, a person familiar with the matter said on Thursday. The meeting came as the EU competition watchdog prepares to warn…
France’s privacy watchdog said Thursday it has fined US tech giant Microsoft EUR 60 million ($64 million, roughly Rs. 530 crore) for foisting advertising cookies on users. In the largest fine imposed in 2022, the National Commission for Technology and Freedoms (CNIL) said Microsoft‘s search engine Bing had not set…
Amazon reached a settlement with the European Union on Tuesday in two antitrust probes after addressing concerns over its use of sellers’ data, in a move that will save it from a fine of up to 10 percent of its global turnover. In the first case, Amazon faced charges of using…
US online retail giant Amazon may be able to end two EU antitrust investigations by the end of the year after tweaking concessions to address concerns over its use of sellers’ data, two people familiar with the matter said on Friday. Settling the EU investigations means the company will avoid…
Airbnb and other short-term home rental companies will have to share data on the number of people using their platforms under proposed EU rules, the European Commission said on Monday, in a light-touch approach to regulating this sector. The EU executive’s proposal comes as popular tourist destinations such as Paris,…
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