Editorial & Advertiser disclosure

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

Finance

Posted By Global Banking and Finance Review

Posted on January 25, 2025

EU is fully enforcing social media rules, says digital chief

BRUSSELS (Reuters) -The European Commission will fully enforce its rules governing social media and other large online platforms and has not delayed any cases against U.S. Big Tech, the EU digital chief said on Wednesday.

"There haven't been any delays," Commission Vice President Henna Virkkunen told reporters, referring to the Digital Markets Act (DMA), which imposes antitrust obligations and the Digital Services Act (DSA), which covers content moderation.

Virkkunen said she had seen reports that the EU was delaying investigations, such as into Apple, Meta and Google , but said the probes were still in a technical phase, which includes exchanges with companies, before decisions could be taken.

"We are fully enforcing the DMA and the DSA," she said.

Virkkunen said the two acts were very powerful tools applying to all companies, including European companies, operating services in the European Union to ensure a fair and safe online environment for all.

She also said the DSA was protecting, rather than limiting, freedom of speech.

Meta chief Mark Zuckerberg said last week, while announcing Meta had scrapped U.S. fact-checking programs, that Europe had an ever increasing number of laws "institutionalising censorship".

Zuckerberg also called on U.S. President-elect Donald Trump, who starts his second term on Monday, to stop the EU from fining U.S. tech firms.

(Reporting by Philip Blenkinsop and Benoit Van Overstraeten; Editing by Bernadette Baum and Louise Heavens)

Recommended for you

  • RapidCents Enhances Merchant Payment Processing and Chargeback Protection with DeepSeek AI

  • Automakers urge USDOT to quickly restart federal EV charging program

  • International Criminal Court prosecutor Khan first to be hit by U.S. sanctions, sources say