• TikTok Agrees to Boost EU Consumers

    TikTok Agrees to Boost EU Consumers’ Rights, Averts Possible Sanctions

    Chinese-owned short video-sharing app TikTok has agreed to boost European Union users’ rights, EU regulators said on Tuesday, averting possible sanctions in a case sparked by multiple complaints from consumer groups in the bloc. The European Consumer Organisation (BEUC) in its 2021 complaint said TikTok, which has seen rapid growth worldwide, particularly among teenagers, failed to protect children from hidden advertising and inappropriate content. The company subsequently held discussions with the European Commission and the national network of consumer protection authorities in an attempt to resolve the concerns and now has agreed to a number of changes, the EU executive said. These include the introduction of an additional option allowing…

  • Intel Demands $624 Million in Interest From EU After Antitrust Fine Win

    Intel Demands $624 Million in Interest From EU After Antitrust Fine Win

    The US chipmaker Intel has filed a claim for EUR 593 million (nearly $624 million or Rs. 4,800 crore) in interest from the European Commission, five months after it convinced Europe’s second-top court to scrap a EUR 1.06 billion (nearly Rs. 8,600 crore) EU antitrust fine, an EU filing showed on Monday. Europe’s top court paved the way for such damage demands last year in a landmark ruling which ordered the EU executive to pay default interest on reimbursed fines in annulled antitrust cases. Judges said late payment of interest will itself incur interest as well. Intel in its application to the Luxembourg-based General Court said the Commission, which acts…

  • EU

    EU’s New Rules May Compel Google, Facebook, Twitter to Counter Deepfakes, Spam Accounts

    Alphabet unit Google, Facebook, Twitter and other tech companies will have to take measures to counter deepfakes and fake accounts on their platforms or risk hefty fines under an updated European Union code of practice, according to an EU document seen by Reuters. The European Commission is expected to publish the updated code of practice on disinformation on Thursday as part of its crackdown against fake news. Introduced in 2018, the voluntary code will now become a co-regulation scheme, with responsibility shared between the regulators and signatories to the code. The updated code spells out examples of manipulative behaviour such as deepfakes and fake accounts which the signatories will have to…