EU drafts rules to drive major tech firms to share facts: FT

(Reuters) – The European Union (EU) is planning to force huge technology corporations to share their buyer facts with smaller rivals, the Monetary Periods noted on Wednesday, citing an early draft of its landmark ‘Digital Products and services Act’ polices.

FILE Image: European Union flags flutter outdoors the European Commission headquarters in Brussels, Belgium August 21, 2020. REUTERS/Yves Herman

“The likes of Amazon and Google shall not use details gathered on the platform  . . .  for (their) own business activities . . . unless they (make it) accessible to small business consumers active in the similar industrial routines,” the FT reported, quoting the draft.

When asked for remark by Reuters, Google pointed to a blog site from before this thirty day period in which it to start with detailed its response to the Act, supporting measures that permit buyers to shift in between platforms without the need of losing access to their facts.

“The query is not irrespective of whether information mobility or knowledge obtain should be facilitated, but how to reach their added benefits devoid of sacrificing products high-quality or innovation incentives,” Google had said in the blog.

Amazon did not quickly react to a ask for for remark.

EU antitrust main Margrethe Vestager would announce by the conclusion of this year hard new regulations under the Act, aimed to enhance social media companies’ duties and liability for articles on their platforms.

The draft indicates that technologies giants may perhaps be banned from preferential cure of their own expert services on their internet sites or platforms, to the detriment of rivals, according to the report.

Companies should really not be permitted to pre-set up their individual apps on components units, this kind of as laptops or telephones, or pressure other firms to exclusively pre-install their software program, it additional.

Reuters reported on Wednesday that China is making ready to launch an antitrust probe into Google.

In the United States, a federal government panel is expected to launch a report into antitrust allegations versus significant tech corporations as soon as Monday.

Reporting by Rama Venkat in Bengaluru, Additional reporting by Ayanti Bera Editing by Rashmi Aich and Maju Samuel