Brazil suggests reform to tighten antitrust regulation for big techs

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BRASILIA : Brazil's government on Thursday recommended a reform to its competition law that would allow antitrust authority CADE to designate certain digital platforms as systemically relevant, subjecting them to new obligations if necessary.

What we want is to uphold a fundamental value in the economy, which is competition".

"Our goal is not to hinder innovation, impose unnecessary costs or create bureaucracy where it's not needed.

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Article Details

Category: EconomyBusiness

Markets: SingaporeBrazilGermanyJapanUnited Kingdom

Topics: Practices Platforms Tech Government Taken Legislative Competition Relevant Changes Service Brazil

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-10 @ 23:01:06 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 343 words

Reading Time: 2 minutes read

Sentences: 13 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Channel News Asia

News ID: 22986700

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About Channel News Asia

Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

Update Frequency: 46 posts per day

Year Established: 1999

Headquarters: Singapore

News Last Updated: 1 hours ago

Coverage Areas: Singapore

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Publication Timezone: GMT +8:00

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News Language: English

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Publisher ID: #27

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