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    Musk shouted at Bezos: If you want to dominate the space race, spend less time bathing in hot water

    Musk shouted at Bezos: If you want to dominate the space race, spend less time bathing in hot water

    How lucky are Indian children in the United States to get out of a "boarding school" alive?

    How lucky are Indian children in the United States to get out of a “boarding school” alive?

    Japanese billionaires broadcast live in space, saying the next stop is Mariana Trench

    Japanese billionaires broadcast live in space, saying the next stop is Mariana Trench

    Want to go to Mars? Solve these problems first.

    Want to go to Mars? Solve these problems first.

    Pakistan lifts TikTok's ban again

    Pakistan lifts TikTok’s ban again

    Facebook platforms have become a tool for inciting religious hatred in India

    Facebook platforms have become a tool for inciting religious hatred in India

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    scoring two goals in 90 seconds, Real Madrid "resurreated" in the Champions League to the finals

    scoring two goals in 90 seconds, Real Madrid “resurreated” in the Champions League to the finals

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    Schedule of the 2024 Paris Olympic Games announced

    Secretary-General of the Qatar World Cup Organizing Committee: Welcome to Qatar

    Secretary-General of the Qatar World Cup Organizing Committee: Welcome to Qatar

    Chinese women's football team competes in the 2022 Indian Women's Football Asian Cup

    Chinese women’s football team competes in the 2022 Indian Women’s Football Asian Cup

    Djokovic issued a statement: Extremely disappointed with the judgment of the Australian court

    Djokovic issued a statement: Extremely disappointed with the judgment of the Australian court

    Challenge the highest difficulty and qualify for the Winter Olympics. Yuzu is back!

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    Messi was named IFFHS Player of the Best South American Player

    Messi was named IFFHS Player of the Best South American Player

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    Countdown clock for the 2022 Qatar World Cup starts timing

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    Countdown to the first anniversary, Qatar World Cup has been set for 13 seats

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    The United States reported 180 cases of hepatitis in children with unknown causes, spreading to 36 states and territories.

    The United States reported 180 cases of hepatitis in children with unknown causes, spreading to 36 states and territories.

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    Students in many parts of the United States went on strike to protest against the severity of the school epidemic and asked officials to take practical measures to prevent the epidemic

    Belgian fighting champion dies of COVID-19: Refuses to go to hospital before death, saying that COVID-19 is just a small virus

    Belgian fighting champion dies of COVID-19: Refuses to go to hospital before death, saying that COVID-19 is just a small virus

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    With the increasing number of confirmed cases of COVID-19, the Indian capital New Delhi will impose a curfew on the 27th.

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    255 U.S. personnel have been diagnosed with a cluster infection in U.S. military camps in Okinawa Prefecture, Japan

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    Israeli Prime Minister Bennett is quarantined due to his daughter’s diagnosis of COVID-19

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    Omicron hits U.S. frontline employees, thousands of police and nurses in New York are absent

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    6 staff members around Canadian Prime Minister Trudeau were diagnosed with COVID-19

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    Is another “pandemic storm” coming? WHO issued a warning!

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      Musk shouted at Bezos: If you want to dominate the space race, spend less time bathing in hot water

      Musk shouted at Bezos: If you want to dominate the space race, spend less time bathing in hot water

      How lucky are Indian children in the United States to get out of a "boarding school" alive?

      How lucky are Indian children in the United States to get out of a “boarding school” alive?

      Japanese billionaires broadcast live in space, saying the next stop is Mariana Trench

      Japanese billionaires broadcast live in space, saying the next stop is Mariana Trench

      Want to go to Mars? Solve these problems first.

      Want to go to Mars? Solve these problems first.

      Pakistan lifts TikTok's ban again

      Pakistan lifts TikTok’s ban again

      Facebook platforms have become a tool for inciting religious hatred in India

      Facebook platforms have become a tool for inciting religious hatred in India

      Trending Tags

      • Google
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      scoring two goals in 90 seconds, Real Madrid "resurreated" in the Champions League to the finals

      scoring two goals in 90 seconds, Real Madrid “resurreated” in the Champions League to the finals

      Schedule of the 2024 Paris Olympic Games announced

      Schedule of the 2024 Paris Olympic Games announced

      Secretary-General of the Qatar World Cup Organizing Committee: Welcome to Qatar

      Secretary-General of the Qatar World Cup Organizing Committee: Welcome to Qatar

      Chinese women's football team competes in the 2022 Indian Women's Football Asian Cup

      Chinese women’s football team competes in the 2022 Indian Women’s Football Asian Cup

      Djokovic issued a statement: Extremely disappointed with the judgment of the Australian court

      Djokovic issued a statement: Extremely disappointed with the judgment of the Australian court

      Challenge the highest difficulty and qualify for the Winter Olympics. Yuzu is back!

      Challenge the highest difficulty and qualify for the Winter Olympics. Yuzu is back!

      Messi was named IFFHS Player of the Best South American Player

      Messi was named IFFHS Player of the Best South American Player

      Countdown clock for the 2022 Qatar World Cup starts timing

      Countdown clock for the 2022 Qatar World Cup starts timing

      Countdown to the first anniversary, Qatar World Cup has been set for 13 seats

      Countdown to the first anniversary, Qatar World Cup has been set for 13 seats

    • Lifestyle
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      The United States reported 180 cases of hepatitis in children with unknown causes, spreading to 36 states and territories.

      The United States reported 180 cases of hepatitis in children with unknown causes, spreading to 36 states and territories.

      8 cases of hepatitis in children with unknown causes were found in Argentina

      8 cases of hepatitis in children with unknown causes were found in Argentina

      Students in many parts of the United States went on strike to protest against the severity of the school epidemic and asked officials to take practical measures to prevent the epidemic

      Students in many parts of the United States went on strike to protest against the severity of the school epidemic and asked officials to take practical measures to prevent the epidemic

      Belgian fighting champion dies of COVID-19: Refuses to go to hospital before death, saying that COVID-19 is just a small virus

      Belgian fighting champion dies of COVID-19: Refuses to go to hospital before death, saying that COVID-19 is just a small virus

      With the increasing number of confirmed cases of COVID-19, the Indian capital New Delhi will impose a curfew on the 27th.

      With the increasing number of confirmed cases of COVID-19, the Indian capital New Delhi will impose a curfew on the 27th.

      255 U.S. personnel have been diagnosed with a cluster infection in U.S. military camps in Okinawa Prefecture, Japan

      255 U.S. personnel have been diagnosed with a cluster infection in U.S. military camps in Okinawa Prefecture, Japan

      Israeli Prime Minister Bennett is quarantined due to his daughter's diagnosis of COVID-19

      Israeli Prime Minister Bennett is quarantined due to his daughter’s diagnosis of COVID-19

      Omicron hits U.S. frontline employees, thousands of police and nurses in New York are absent

      Omicron hits U.S. frontline employees, thousands of police and nurses in New York are absent

      6 staff members around Canadian Prime Minister Trudeau were diagnosed with COVID-19

      6 staff members around Canadian Prime Minister Trudeau were diagnosed with COVID-19

      Is another "pandemic storm" coming? WHO issued a warning!

      Is another “pandemic storm” coming? WHO issued a warning!

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      Can the European Union tame American technology giants?

      December 16, 2020
      in Business, Tech, World
      0
      Can the European Union tame American technology giants?

      Mark Zuckerberg, CEO of Facebook

      December 15th local time, the European Union announced two important bills regulating digital services, the Digital Services Act and the Digital Market Act.

      The bill’s provisions for stricter regulation and digital taxation of digital services giants such as some Internet companies are considered to be directly targeted at American companies (GAFAs) such as Google, Apple, Facebook and Amazon. This means that the game between Europe and the United States in the field of digital economy will usher in a new node.

      The Digital Services Act, which focuses primarily on social responsibility, aims to strengthen the responsibility of web platforms in dealing with illegal content such as disinformation, terrorism, hate speech, and counterfeit and inferior products.

      The Digital Market Act focuses on the economic aspect, the main purpose of which is to ensure that enterprises can compete fairly with the Internet giants with “gatekeeper” status within the EU market.

      For violations, the Digital Markets Act proposes severe penalties of up to 10% of the company’s annual turnover. For platforms with “systematic non-compliance”, EU regulators may take remedial measures against the company’s “structure level”, implying that the European business of technology giants may be split. Although the bill does not directly name which companies will be included in the “gatekeeper” list, European media generally believe that the American technology giants are likely to be included.

      Deutsche Welle commented that 10 companies, including GAFA, will be designated as Internet “gatekeepers”, which means that they will be subject to more specific and stricter regulatory constraints. Reuters commented that this is a “landmark law” that will limit monopoly from the source.

      The European Union seeks to adopt legislation to restrict and weaken the U.S. technology giants, on the one hand, to ensure information security and promote the competition of local companies with American technology giants.

      Due to Europe’s failure to successfully develop a domestic digital giant, and the GAFA from the United States occupies a high market division in Europe, it is difficult for European local technology companies to compete with it on an equal footing. In order to avoid becoming a “colony” of American technology giants, the European Union hopes to respond through legal means.

      On the other hand, the EU also has the consideration of formulating a digital bill to compete for a voice in the global digital field. The EU has been seeking to enhance its voice in rules in the global digital field for many years.

      For example, in March 2018, the European Commission proposed legislation to impose a 3% digital tax on large Internet companies with annual revenue of more than 50 million euros in the EU. Regarding the legislation, German newspaper Le Monde quoted Thierry, the EU Commissioner for Internal Markets on the 15th, as saying: “This is related to the values of the EU and the future of the EU digital economy.”

      A key question is, can the EU tame the American technology giants through legislation? According to the New York Times, lobbyists of American technology giants are lobbying for the European Union with “unseen large spending” in Brussels.

      At the same time, it also threatened the European Union that the new bill would cost Europe 2 million jobs and 85 billion euros of GDP.

      In the face of the new actions of the European Union, not only will the American technology giants not “obediently”, but also the U.S. government will not “take it all the way”.

      The French government planned to impose a 3% digital tax on large multinational Internet companies in 2019, and then the United States counterattacked – the Trump administration announced a 25% tariff on cosmetics, handbags and other goods from France. In June this year, the Office of the United States Trade Representative announced that it would launch a “301 survey” on the digital tax to be levied by 10 trading partners, including the European Union, the United Kingdom and Italy.

      With the entry into force of the Digital Services Act and the Digital Market Act, trade friction between Europe and the United States may be expanded from traditional real economy products to virtual economy products.

      It can be said that the economic and trade game between Europe and the United States has gradually developed into an all-round and multi-level “big chess game”, and this tension may further escalate in the future.

      Tags: EuropeUnited States

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