MEPs have said that "a lack of political will and resources" had resulted in a laggard approach to enforcement of the EU's general data protection regulation (GDPR), singling out in particular the lack of sanctions dished out by the Irish data protection authority.
The European Central Bank (ECB) has issued a stark warning on the involvement of Big Tech firms in cryptocurrency projects, cautioning that such moves could jeopardise privacy, create further risks to competition and even "endanger monetary sovereignty".
The EU has the power to execute a potential breakup of global Big Tech giants, but it is not currently the "right thing to do," the EU's Vice-President for Digital Affairs, Margrethe Vestager, has said.
Forthcoming EU rules to rein in the dominance of the Big Tech giants should include measures to regulate Big Tech from accumulating too many users at the disadvantage of smaller competitors, a position paper from France and the Netherlands says.
Social media giant Facebook has come in for heavy criticism as part of a US congressional hearing into the dominance of online tech platforms, being accused of ‘copy, acquire and kill’ tactics as part of its history in acquiring smaller...
The U.S. Justice Department said on Tuesday (23 July) it was opening a broad investigation of major digital technology firms into whether they engage in anticompetitive practices, the strongest sign the Trump administration is stepping up its scrutiny of Big Tech.
EU finance ministers remain divided over a raft of issues in the European Commission's digital services tax (DST) plans after a meeting on Tuesday (6 November) drew attention to a plethora of challenges in reaching a consensus.