EU antitrust chief nominee vows to intensify Big Tech crackdown

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BRUSSELS : The woman tipped to become the European Union's next antitrust chief has pledged to intensify the bloc's crackdown on Big Tech and foreign companies receiving unfair state subsidies to buy EU peers or take part in EU tenders.

The EU passed the landmark Digital Markets Act in 2022, which compels tech companies to make it easier for consumers to choose services from different providers.

However, Ribera said regulation would not solve the bloc's problems and a new industrial strategy was needed.

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Article Details

Category: EconomyBusiness

Markets: SingaporeBelgiumOman

Topics: Clean Companies Antitrust European Foreign Bloc Tech Chief Ribera Commission Regulation

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-23 @ 17:27:36 (6 days ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 492 words

Reading Time: 3 minutes read

Sentences: 21 lines

Sentence Length: 24 words per sentence (average)

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

Copyright Owner: © Channel News Asia

News ID: 23213845

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Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

Update Frequency: 57 posts per day

Year Established: 1999

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News Last Updated: 1 hours ago

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Publisher ID: #27

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