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Benzinga

Politics

Anusuya Lahiri

After US, Big Tech Sees More Trouble From EU: Reuters

European Union Nasdaq Google United States Alphabet Inc Apple Meta Microsoft Corp

Strict new rules targeting the U.S. tech giants will likely be effective in October, Reuters reports based on EU antitrust chief.
In 2021, Margrethe Vestager proposed a list of dos and don'ts for Amazon.com Inc (NASDAQ:AMZN), Apple Inc (NASDAQ:AAPL), Meta Platforms Inc (NASDAQ:FB), Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) unit Google and Microsoft Corp (NASDAQ:MSFT) under the Digital Markets Act.
Also Read: US Senate Votes On App Store Bill Targeted At Big Tech
The penalties for the breach of the Act ranged from 10% of a company's annual global turnover to 20% for repeat offenders who could face an acquisition ban.
The companies assigned as online gatekeepers would have six months to comply with the new rules.
Price Action: GOOG shares closed higher by 2.03% at $2,826.24 on Thursday.

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Top stories on inkl right now

Senegal ruling party wins parliamentary majority, paving way for reforms

Senegal ruling party wins parliamentary majority, paving way for reforms

Senegal's ruling party won over three-quarters of parliamentary seats in weekend elections, according to national provisional results announced Thursday, potentially handing them the means to deliver their ambitious reform agenda.

Radio France Internationale

Russia-Ukraine war live: Nato says Moscow’s strike with new ballistic missile won’t alter course of war

Russia-Ukraine war live: Nato says Moscow’s strike with new ballistic missile won’t alter course of war

Alliance accuses Russia of seeking to intimidate Kyiv’s allies while Volodymyr Zelenskyy calls attack a ‘severe escalation’

The Guardian - AU

‘Swathes of social care market could collapse under £2.8bn cost pressures’

‘Swathes of social care market could collapse under £2.8bn cost pressures’

The Nuffield Trust said a rise in national insurance contributions and wage bills could see ‘swathes of the social care market collapsing’.

The Independent UK

Singapore hangs drug trafficker, third such execution in a week

Singapore hangs drug trafficker, third such execution in a week

Southeast Asian city-state is among a handful of countries that impose the death penalty for drug offences.

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Colorado funeral home owners charged with 100s of corpse abuse counts set to plead guilty

Colorado funeral home owners charged with 100s of corpse abuse counts set to plead guilty

Colorado funeral home owners accused of stashing 190 decaying bodies and giving grieving families fake ashes are expected to plead guilty

The Independent UK

Russia's Missile 'Warning' To Ukraine And West: What We Know

Russia's Missile 'Warning' To Ukraine And West: What We Know

Russia on Thursday fired an experimental missile at Ukraine in a clear warning of its capabilities, officials from Western governments said, even as they pushed back against Ukrainian claims of a more provocative action by Moscow.

International Business Times

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Top stories on inkl right now

Senegal ruling party wins parliamentary majority, paving way for reforms

Senegal ruling party wins parliamentary majority, paving way for reforms

Senegal's ruling party won over three-quarters of parliamentary seats in weekend elections, according to national provisional results announced Thursday, potentially handing them the means to deliver their ambitious reform agenda.

Radio France Internationale

Russia-Ukraine war live: Nato says Moscow’s strike with new ballistic missile won’t alter course of war

Russia-Ukraine war live: Nato says Moscow’s strike with new ballistic missile won’t alter course of war

Alliance accuses Russia of seeking to intimidate Kyiv’s allies while Volodymyr Zelenskyy calls attack a ‘severe escalation’

The Guardian - AU

‘Swathes of social care market could collapse under £2.8bn cost pressures’

‘Swathes of social care market could collapse under £2.8bn cost pressures’

The Nuffield Trust said a rise in national insurance contributions and wage bills could see ‘swathes of the social care market collapsing’.

The Independent UK

Singapore hangs drug trafficker, third such execution in a week

Singapore hangs drug trafficker, third such execution in a week

Southeast Asian city-state is among a handful of countries that impose the death penalty for drug offences.

One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

Colorado funeral home owners charged with 100s of corpse abuse counts set to plead guilty

Colorado funeral home owners charged with 100s of corpse abuse counts set to plead guilty

Colorado funeral home owners accused of stashing 190 decaying bodies and giving grieving families fake ashes are expected to plead guilty

The Independent UK

Russia's Missile 'Warning' To Ukraine And West: What We Know

Russia's Missile 'Warning' To Ukraine And West: What We Know

Russia on Thursday fired an experimental missile at Ukraine in a clear warning of its capabilities, officials from Western governments said, even as they pushed back against Ukrainian claims of a more provocative action by Moscow.

International Business Times

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“Who’s The One Actor That You Hate But Everyone Else Seems To Love?” (50 Answers)

No matter how popular they are, most celebrities have haters, too. Actors are no exception. The post “Who’s The One Actor That You Hate But Everyone Else Seems To Love?” (50 Answers) first appeared on Bored Panda.

Cher Reveals the "Fiasco" That Ensued When She Performed for Princess Margaret in 1965: "I Was Mortified"

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From frozen to feast, how to safely defrost your Thanksgiving turkey

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The Independent UK

“One of the most important guitars in rock and roll history”: George Harrison’s Futurama smashes auction estimate and sets a new record with staggering $1.27 million sale

The oddball electric – which was used during the Beatles’ early years, and saw action in over 300 historic shows – becomes the most expensive electric guitar formerly owned by a Beatle to sell at auction

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Sun outbid six others for the iconic work.

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