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Reuters
Reuters
Business

EU Parliament agrees on proposal to take on U.S. tech giants

European Union United States European Parliament European Commission
FILE PHOTO: European Union flags flutter outside the EU Commission headquarters in Brussels, Belgium May 5, 2021. REUTERS/Yves Herman/File Photo

The European Parliament on Thursday signed off on a proposal for new rules aimed at U.S. tech giants, paving the way for talks on the plan with member countries and the European Commission.

The Digital Services Act, a proposal from EU antitrust chief Margrethe Vestager, would force Amazon, Apple, Alphabet unit Google and Facebook owner Meta to do more to tackle illegal content on their platforms or risk fines up to 6% of global turnover.

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