Asia Insurance Post
  • Home
  • Articles
  • Blog
  • Data
  • Facts
  • Editorial
  • Interviews
Select Page

EU says Booking must comply with strict tech rules, investigates X

by AIP Online Bureau | May 13, 2024 | International News, Policy, Regulation, Risk Management, Technology | 0 comments

The Commission said in March that Elon Musk’s X, TikTok owner ByteDance and Booking.com may meet EU criteria subjecting them to tough tech rules as so-called gatekeepers

Paris:
The European Commission on Monday said it had designated Booking as a so-called “gatekeeper” under the Digital Markets Act (DMA) while it also opened a market investigation into social media network X to further determine the platform’s regulatory status. Online advertising services X Ads and TikTok Ads as such did not qualify as gatekeepers, the EU added.

The Commission said in March that Elon Musk’s X, TikTok owner ByteDance and Booking.com may meet EU criteria subjecting them to tough tech rules as so-called gatekeepers.

While the EU on Monday said Booking qualified as a gatekeeper, it had opened a market investigation to further assess the rebuttal lodged by X, opposing to such a status.

ByteDance was labelled a gatekeeper in July last year but TikTok has challenged that at Europe’s second-highest court. The Digital Markets Act (DMA) is one of the most stringent regulations targeting large tech firms’ market dominance.

It puts companies under tougher obligations to moderate content, allow fair competition and make it easier for consumers to switch between services.

Submit a Comment Cancel reply

Your email address will not be published. Required fields are marked *

Recent Posts

  • Public Insurance Registry to modernise information architecture of insurance sector:Seth
  • Government to expand insurance coverage to 25,000 gram panchayats: Sitharaman
  • Swiss reinsurer Echo Re opens branch in GIFT City
  • Iran war should trigger faster exit from fossil fuel dependence, UN climate chief says
  • A backlash against data centres is spilling into French municipal election races

Categories

  • Articles
  • Banking & Bancassurance
  • Blog
  • Breaking News!
  • Briefs
  • Climate, Environment, Renewable Energy
  • Data
  • Disaster & Management
  • Eco/Invest/Demography
  • Editorial
  • Events
  • Facts
  • Features
  • Health
  • Indian News
  • Intermediaries
  • International News
  • Interviews
  • Life
  • Main Menu
  • Non-Life
  • Pandemic
  • Pension & Social Security
  • Policy
  • Regulation
  • Reinsurance
  • Risk Management
  • Simple
  • Technology
  • Trends, Facts
  • Uncategorized
  • Wealth Management/ Philanthropy
  • Workplace/Employee Benefits
  • Home
  • Articles
  • Blog
  • Data
  • Facts
  • Editorial
  • Interviews
  • Eco/Invest/Demography
  • Indian News
  • International News
  • Health
  • Non-Life
  • Pandemic
  • Technology
  • Risk Management
  • Reinsurance
  • Banking & Bancassurance
  • Wealth Management/ Philanthropy