The world needs to be wary of the rise of tech giants such as Google, Apple, Fac...
The front desk of the Amazon office is pictured in the Manhattan borough of New York, New York, U.S., May 1, 2019. REUTERS/Carlo Allegri
WARSAW - The world needs to be wary of the rise of tech giants such as Google, Apple, Facebook and Amazon, comparing their powers to those of countries such as China, European Council President Donald Tusk said in Warsaw on Friday. “In the East, we see the rise of those capable of controlling everyone’s behavior, and in the West we’ve seen the rise of an uncontrolled, spontaneous empire,” Tusk said in Warsaw in reference to the companies during a speech marking Constitution Day.
“Our children are dependent on the internet and everyday will become more dependent on it,” he added. The European Union has been in the forefront of efforts to tighten control on how social media companies handle the personal data of consumers, with rules introduced last May giving regulators the power to impose fines of up to 4 percent of global revenue for violations.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Alphabet earnings: Google juggles good investments with being a target for EU finesAlphabet Inc. absolutely destroyed earnings expectations in every quarter in 2018 — but there are two big reasons for that.
Read more »
EU leaders set to meet just after EU election: officialsNational leaders of the European Union are likely to meet for a summit in Brusse...
Read more »
The EU has approved Mastercard and Visa's proposed fee cutsThe EU accepted Visa and Mastercard's proposed fee cuts on payments made on non-EU cards — marking the end to a more than decade-old antitrust investigation:
Read more »
EU belittles U.S. claims as 'frankly childish' at WTO Airbus hearingA European Union trade lawyer fired withering put-downs at U.S. claims for damag...
Read more »
Britons opt for non-EU holidays in face of Brexit impasse: Thomas CookBritish holidaymakers are favoring destinations outside the European Union after...
Read more »
Game on for EU vote, but real fight comes afterOn posters, hustings and social media, a battle for Europe is being fought, as c...
Read more »
What does the EU election reveal about British politics?The European election won't tell us anything about Britons' long-term voting intentions
Read more »
EU accepts Visa and Mastercard fees offer to end antitrust probeThe European Union has accepted an offer by Visa and Mastercard to cut fees on p...
Read more »
Cambodian PM says China ready to help if EU imposes sanctionsChina will help Cambodia if the European Union (EU) withdraws special market acc...
Read more »
AstraZeneca: EU advises wider use for cancer drugAstraZeneca PLC (AZN.LN) said Monday that Europe's medicines regulator has recommended that the indication for the company's cancer drug Lynparza be expanded. The European Medicines Agency's Committee for Medicinal Products for Human Use has given the go-ahead for the use of Lynparza as a first-line maintenance treatment of advanced ovarian cancer with a mutation in the BRCA gene.
Read more »
Anxious Over Iran’s Missiles, EU Grapples to Contain TehranEuropean countries are pursuing ways to contain Iran’s ballistic missiles work, amid growing concerns about its large-scale weapons program and a U.S. campaign to galvanize support for pressuring Tehran.
Read more »