UK government creates Digital Markets Unit to regulate tech companies
The UK government plans to put in place a Digital Markets Unit (DMU) whose sole focus will be the regulation of online platforms. It might also have the power to block business moves by companies that show anti-competitive behavior. The unit will also be able to hand down fines to violators.
The... Read more
Japan will join forces with Europe and the U.S. to regulate Big Tech
Japan has pledged to join forces with Europe and the United States to tackle market abuse by the four most prominent tech companies globally. The new head of Japan's antitrust watchdog said this on Monday, showing a growing global force that will regulate digital platforms.
Japan Fair Trade Comm... Read more
Oracle outbids Microsoft for TikTok U.S. – but there’s a catch
Microsoft has lost the deal to acquire TikTok from Oracle. The only problem still ahead is that the deal now faces review by Donald Trump's White House.
Oracle has reportedly won its bidding war against Microsoft for the U.S. operations of TikTok, but there is a fly in the ointment: the deal may... Read more
Small and big tech companies offer carbon tracking software
An increasing number of tech companies are launching software for oil and gas producers, to measure their carbon emissions, prompted by mounting pressure from investors, who want greenhouse gases to be controlled.
Top investors like BlackRock, have introduced climate change to their agendas, and... Read more
Apple, Amazon, Facebook and Google will testify before Congress
The CEOs of Apple, Amazon, Facebook, and Google are ready to testify before Congress as part of the lawmaker’s inquiry into competitive practices in the technology industry.
The news of the CEO's participation was announced on Twitter by Record co-founder Kara Swisher, but the official confir... Read more
Tech giants release dataset for corona virus research
A group of American technology companies and organisations have published the COVID-19 Open Research Dataset (CORD-19). The dataset gives researchers access to popular scientific sources around the coronavirus, to support their fight against the virus.
CORD-19 consists of more than 24,000 articl... Read more
Trump hint to antitrust investigation Amazon, Facebook and Google
Silicon Valley is on the edge of his seat. President Donald Trump announced that his government is seriously considering an antitrust investigation into Amazon, Facebook and Google. According to Trump, the three tech companies have a monopoly position, which is why a study may be carried out.
At lea... Read more
The British want to tax the turnover of tech companies
The British Government today announced its intention to levy a tax on digital services. The decision could be good for a tax of hundreds of millions of dollars a year. Tech companies will soon have to pay up to 2% tax on certain income they generate within the United Kingdom.
That is what the BBC is... Read more