EU countries agree on common stance on new rules for US tech giants | The Business Standard
Skip to main content
  • Epaper
  • Economy
    • Aviation
    • Banking
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
The Business Standard

Wednesday
June 04, 2025

Sign In
Subscribe
  • Epaper
  • Economy
    • Aviation
    • Banking
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
WEDNESDAY, JUNE 04, 2025
EU countries agree on common stance on new rules for US tech giants

World+Biz

Reuters
25 November, 2021, 05:20 pm
Last modified: 25 November, 2021, 05:22 pm

Related News

  • Philippines and EU to set up security and defence dialogue: minister
  • Europe bristles at US proposals at Asian gathering, India-Pakistan hostility on show
  • Saab CEO sees Europe streamlining defence demands amid spending push
  • EU threatens countermeasures over Trump's steel tariffs hike
  • EU lauds Bangladeshi UN peacekeepers

EU countries agree on common stance on new rules for US tech giants

However, they will have to iron out the final details with EU lawmakers, who have proposed tougher rules and higher fines

Reuters
25 November, 2021, 05:20 pm
Last modified: 25 November, 2021, 05:22 pm
European Union flags fly outside the EU Commission headquarters in Brussels, Belgium September 19, 2019/ Reuters
European Union flags fly outside the EU Commission headquarters in Brussels, Belgium September 19, 2019/ Reuters

EU countries on Thursday agreed on a common position on new rules to curb the power of US tech giants and force them to do more to police their platforms for illegal content.

However, they will have to iron out the final details with EU lawmakers, who have proposed tougher rules and higher fines.

Frustrated by the slow pace of antitrust investigations, EU competition chief Margrethe Vestager has proposed two sets of rules known as the Digital Markets Act and the Digital Services Act targeting Amazon, Apple, Alphabet unit Google and Facebook.

The Business Standard Google News Keep updated, follow The Business Standard's Google news channel

The DMA has a list of dos and don'ts for online gatekeepers - companies that control data and access to their platforms - reinforced by fines of up to 10% of global turnover.

The Digital Services Act (DSA) forces the tech giants to do more to tackle illegal content on their platforms, with fines of up to 6% of global turnover for non-compliance.

The common position adopted by EU countries follows the main points proposed by Vestager, with some tweaks, with the European Commission as the main enforcer of the new rules despite an initial French proposal to give national watchdogs more power.

Negotiations are expected to start next year, with the rules likely to be adopted in 2023.

"The proposed DMA shows our willingness and ambition to regulate big tech and will hopefully set a trend worldwide," Zdravko Počivalšek, Slovenian Minister for Economic Development and Technology, said in a statement.

The changes agreed by the EU countries include a new obligation on tech companies that enhances the right of end-users to unsubscribe from core platform services and shortens the deadlines and improves the criteria for designating gatekeepers.

Luxembourg, where Amazon has its European headquarters, welcomed the agreement which designates national watchdogs as the lead DSA enforcer for companies based in their countries.

"Luxembourg is pleased that in general the country in which the intermediary is established remains responsible for the enforcement of the harmonised rules of the DSA, in particular thanks to closer cooperation with the other Member States and the Commission – apart from when it comes to the very big players," it said in a statement.

Tech / Europe / USA

US Tech Giants / European Union (EU) / Regulations

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • Illustration: TBS
    Govt eases tax burden for company funds
  • Freedom fighters in training. Photo: Courtesy
    Govt revises definition of freedom fighter, recognising physicians, nurses who treated the wounded
  • A charging port is seen on a Mercedes Benz EQC 400 4Matic electric vehicle at the Canadian International AutoShow in Toronto, Ontario, Canada, 13 February 2019. REUTERS/Mark Blinch
    Electric vehicle gets incentive package for local manufacturing

MOST VIEWED

  • Representational Image. Photo: Collected
    400 electric buses to join Dhaka’s public transport network
  • Official seal of the Government of Bangladesh
    Govt raises special incentive for employees to 15% from July
  • From left, National Citizen Party Convener Nahid Islam, BNP Standing Committee member Salahuddin Ahmed talking to reporters in Dhaka on Monday, 2 June 2025. Photos: TBS
    BNP, NCP exchange got heated during Monday's meeting with CA Yunus
  • Budget FY26: Housing sector may take a hit, flat prices set to rise
    Budget FY26: Housing sector may take a hit, flat prices set to rise
  • Pie chart showing revenue sources (NBR tax, foreign grants, etc.) and bar graph showing expenditure breakdown by sector (public services, interest payments, education, etc.) for Bangladesh's FY26 budget.
    Budget FY26 in infographics
  • Infograph: TBS
    Is the revenue target realistic?

Related News

  • Philippines and EU to set up security and defence dialogue: minister
  • Europe bristles at US proposals at Asian gathering, India-Pakistan hostility on show
  • Saab CEO sees Europe streamlining defence demands amid spending push
  • EU threatens countermeasures over Trump's steel tariffs hike
  • EU lauds Bangladeshi UN peacekeepers

Features

Illustration: TBS

The GOAT of all goats!

1d | Magazine
Photo: Nayem Ali

Eid-ul-Adha cattle markets

1d | Magazine
Sketch: TBS

Budget FY26: What corporate Bangladesh expects

2d | Budget
The customers in super shops are carrying their purchases in alternative bags or free paper bags. Photo: Mehedi Hasan

Super shops leading the way in polythene ban implementation

1d | Panorama

More Videos from TBS

Tesla not interested in manufacturing cars in India, big blow to Modi government

Tesla not interested in manufacturing cars in India, big blow to Modi government

10h | TBS World
What are Europe's chances of global leadership once the shadow of the United States is lifted?

What are Europe's chances of global leadership once the shadow of the United States is lifted?

1h | Others
Signs of strain in India-Canada relations

Signs of strain in India-Canada relations

11h | TBS World
What police are doing to reduce sufferings on road and to ensure safety

What police are doing to reduce sufferings on road and to ensure safety

12h | Podcast
EMAIL US
contact@tbsnews.net
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Advertisement
  • Privacy Policy
  • Comment Policy
Copyright © 2025
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net