EU Outlaws 'Unfair Business Practices' by Google, Apple in 'First Ever' Deal | WHAT REALLY HAPPENED

EU Outlaws 'Unfair Business Practices' by Google, Apple in 'First Ever' Deal

The newly introduced EU regulations - banning unfair business practices by app stores, search engines, e-commerce sites and hotel booking websites - are meant to see small start-ups and traditional businesses level with tech giants.

The new deal was announced by the European Parliament, the Council of the European Union and the European Commission Main European Union bodies on Thursday. According to the Vice-President for the Digital Single Market Andrus Ansip, the EU aimed "to outlaw some of the most unfair practices and create a benchmark for transparency."

Commissioner for the Digital Economy and Society, Mariya Gabriel, added:

"These are the first rules of this kind anywhere in the world, and they strike the right balance between stimulating innovation while protecting our European values. They will improve the relationship between businesses and platforms, making it fairer and more transparent, and ultimately leading to great advantages for the consumers. We will closely monitor the evolution of this field, not least through our Online Platform Observatory."

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