Tag Archives: regulator

Online platforms underpinning the dominance of Apple and Google will come under scrutiny in the U.K. from a regulator with a record of securing changes from Big Tech. The Competition and Markets Authority, or CMA, announced on Tuesday that it had opened a study into the “effective duopoly” that Google GOOGL, -0.84% — owned by Alphabet — as well as Apple AAPL, -0.64% have over the major gateways to the internet. … Source link

The City regulator has warned it will take legal action against Google and social media companies if they continue to accept advertisements for online financial scams that have flourished during the pandemic. The Financial Conduct Authority’s head of enforcement, Mark Steward, told the Treasury select committee on Monday that the UK had been blocked until recently from taking action against online platforms that failed to screen financial adverts to make sure they were approved by an… Source link

The logo of Google Chrome shown on a smartphone. Thomas Trutschel | Photothek via Getty Images LONDON — Britain’s competition regulator will have a say in Google’s plan to remove third-party browser cookies that track people online. The Competition and Markets Authority said Friday that it had secured commitments from Google to address concerns about the proposal. The CMA is worried that the plans will harm newspapers and other businesses that rely on personalized ads. Web cookies are small… Source link

Bloomberg Saudi Arabia in Talks to Sell Aramco Stake to Global Energy Firm (Bloomberg) — Saudi Arabia’s crown prince said the kingdom is in talks to sell a 1% stake in state oil giant Saudi Aramco to a “leading global energy company” as he forecast a rebounding economy in the aftermath of the coronavirus pandemic.The kingdom is looking at the potential sale — which could be worth about $19 billion, based on the company’s market value — as a way to lock in customer demand for the… Source link

A 3D printed Google logo is seen in this illustration taken April 12, 2020. REUTERS/Dado Ruvic/Illustration/File Photo Australia’s federal court found Alphabet Inc’s (GOOGL.O) Google misled consumers about personal location data collected through Android mobile devices, the country’s competition regulator said on Friday. The tech giant has been embroiled in legal action in the country in recent months as the government mulled and later passed a law to make Google and Facebook (FB.O) pay media… Source link

A new online competition regulator in the U.K. will target the likes of Facebook and Google in the latest push to rein in the power of technology giants in Europe. The Digital Markets Unit, or DMU, was launched by the British government on Wednesday, though its power to levy fines isn’t expected to come until next year, according to the Wall Street Journal. Parliament must approve legislation governing the regulator’s oversight abilities before it has real power to police… Source link

[unable to retrieve full-text content]Google, Facebook and Amazon face new UK regulator  BBC News Source link

He said that during the inquiry, parties expressed concern about potential conflicts of interest from Google’s various roles in this industry. “This includes Google very often acting on behalf of both publishers and advertisers for the same ad sale across the ad tech supply chain, while also selling its own ad inventory,” Sims added. The commission had yet to form a view on whether Google’s conduct breached Australian competition law through a misuse of market power, the report said. A… Source link

He said that during the inquiry, parties expressed concern about potential conflicts of interest from Google’s various roles in this industry. “This includes Google very often acting on behalf of both publishers and advertisers for the same ad sale across the ad tech supply chain, while also selling its own ad inventory,” Sims added. The commission had yet to form a view on whether Google’s conduct breached Australian competition law through a misuse of market power, the report said. A… Source link

He said that during the inquiry, parties expressed concern about potential conflicts of interest from Google’s various roles in this industry. “This includes Google very often acting on behalf of both publishers and advertisers for the same ad sale across the ad tech supply chain, while also selling its own ad inventory,” Sims added. The commission had yet to form a view on whether Google’s conduct breached Australian competition law through a misuse of market power, the report said. A… Source link