EU denies picking on US tech giants, says US also tackling monopolisation

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BRUSSELS : Europe's new tech rule aims to keep digital markets open and is not targeted at U.S.tech giants, EU antitrust and tech chiefs told U.S.congressmen, reminding them that U.S.enforcers have in recent years also cracked down on these companies.

Ribera and Virkkunnen also dismissed criticism that the DMA hinders innovation.

FILE PHOTO: European Union flags flutter outside the EU Commission headquarters in Brussels, Belgium, April 20, 2016.

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Category: EconomyBusiness

Markets: SingaporeBelgiumJordan

Topics: Companies Markets Digital Fines Tech Union Ribera Virkkunnen European Antitrust Brussels

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-08 @ 00:36:01 (4 days ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 381 words

Reading Time: 3 minutes read

Sentences: 16 lines

Sentence Length: 24 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 26725951

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