Exclusive-European publishers, tech firms urge EU to speed up fine on Google over search [Yahoo! Finance]
News Corporation - Class B (NWS)
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Source: Yahoo! Finance
a near two-year probe into Alphabet ?unit Google's alleged favouring of its own services in online searches and impose ?a fine on the tech giant. In a letter to EU leaders, seen by Reuters and previously unreported, the European Publishers ?Council whose members include Axel Springer, News Corp and Conde Nast, the European Magazine Media Association, the European Tech Alliance, EU Travel Tech and others called for the investigation to be finished next week. The push underscores tensions within the bloc over the complex balance of regulating Big Tech, with ?regular clashes between Washington and ?Brussels over rules curbing the dominance of U.S. companies in social media, online search and AI. The investigation, launched by the European Commission on March 25, ?2024 under the European Union Digital Markets Act (DMA), has been going on for nearly two years. EU regulators have said they aim to wrap up DMA cases within 12 months. The Commission announced charges last ?year. "The
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