EU has the same opinion on web rulebook for Google, Fb, different tech giants

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BRUSSELS, April 23 (Reuters) – Ecu Union international locations and EU lawmakers on Saturday clinched a deal on new regulations requiring tech giants to do extra to police unlawful content material on their platforms and to pay a charge to regulators tracking their compliance.

The settlement got here after greater than 16 hours of negotiations. The Virtual Services and products Act (DSA) is the second one prong of EU antitrust leader Margrethe Vestager’s way to rein in Alphabet (GOOGL.O) unit Google, Meta (FB.O) and different U.S. tech giants.

“We have now a deal at the DSA: The Virtual Services and products Act will make certain that what is unlawful offline could also be observed and handled as unlawful on-line – now not as a slogan, as truth,” Vestager stated in a tweet.

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Below the DSA, the corporations face fines as much as 6% in their world turnover for violating the foundations whilst repeated breaches may see them banned from doing trade within the EU.

The brand new regulations ban focused promoting aimed toward kids or in accordance with delicate knowledge reminiscent of faith, gender, race and political views. Darkish patterns, which can be techniques that deceive other people into giving private knowledge to firms on-line, may also be prohibited.

The corporations additionally face a annually charge as much as 0.05% of globally annual income to hide the prices of tracking their compliance.

The 27-country bloc and lawmakers final month subsidized Vestager’s landmark regulations known as the Virtual Markets Act (DMA) that might pressure Google, Amazon, Apple, Meta and Microsoft to modify their core trade practices in Europe.

(This tale corrects dateline to April 23; and in paragraph 6, supervisory charge to 0.05%, now not 0.1%, in accordance with international income, now not international internet source of revenue)

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Reporting by way of Foo Yun Chee; Enhancing by way of Sam Holmes

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