EU business leader Breton, Musk sign settlement on Virtual Products and services Act

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BRUSSELS, Would possibly 9 (Reuters) – EU business leader Thierry Breton met Tesla Inc (TSLA.O) boss Elon Musk in Texas on Monday and the 2 signalled settlement on EU virtual media legislation forward of Musk’s acquire of Twitter Inc (TWTR.N).

The assembly comes weeks after the arena’s richest guy clinched a deal to shop for the social media corporate for $44 billion in money.

In a video with the 2 males posted on Twitter through Breton, the EU professional tells Musk that he defined the Virtual Products and services Act to Musk. “It suits lovely neatly with what you assume we will have to do,” Breton tells Musk in a tweet that incorporated the hashtag #DSA.

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“I believe it is precisely aligned with my pondering,” Musk responds.

The 2 didn’t move into element at the new regulation, which levies hefty fines on firms if they don’t regulate unlawful content material. The foundations ban promoting aimed toward youngsters or in accordance with faith, gender, race and political views, for instance.

Musk secured the deal to shop for Twitter remaining month with a pledge to revitalise the corporate and increase the choice of customers through cracking down on junk mail bots and lowering the volume of moderation to facilitate extra “loose speech”.

The billionaire’s feedback precipitated a rejoinder from Breton that Twitter should conform to new EU regulations referred to as the Virtual Products and services Act tackling unlawful on-line content material. learn extra

Breton and Musk were anticipated to speak about world provide chain problems all over the EU professional’s discuss with to Tesla Inc’s new Austin plant.

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Reporting through Foo Yun Chee; further reporting through Peter Henderson; Enhancing through Emelia Sithole-Matarise and Stephen Coates

Our Requirements: The Thomson Reuters Consider Rules.

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