Zürcher Nachrichten - EU eyes deal to tame internet 'Wild West'

EUR -
AED 4.211623
AFN 72.819805
ALL 93.636171
AMD 422.263103
ANG 2.053234
AOA 1052.192535
ARS 1647.65034
AUD 1.633165
AWG 2.06424
AZN 1.94858
BAM 1.932561
BBD 2.310912
BDT 140.847569
BGN 1.939102
BHD 0.432463
BIF 3430.0788
BMD 1.1468
BND 1.469925
BOB 7.957315
BRL 5.83813
BSD 1.147403
BTN 108.44201
BWP 15.37413
BYN 3.176602
BYR 22477.28
BZD 2.307651
CAD 1.621174
CDF 2660.576139
CHF 0.922721
CLF 0.025809
CLP 1015.78942
CNY 7.749444
CNH 7.771026
COP 3939.258
CRC 522.61567
CUC 1.1468
CUP 30.3902
CVE 109.347469
CZK 23.855791
DJF 203.809143
DKK 7.380966
DOP 67.202415
DZD 152.385607
EGP 57.234721
ERN 17.202
ETB 181.624475
FJD 2.561608
FKP 0.856046
GBP 0.867437
GEL 3.033285
GGP 0.856046
GHS 12.956202
GIP 0.856046
GMD 83.716038
GNF 10066.035871
GTQ 8.745909
GYD 240.013889
HKD 8.9884
HNL 30.616346
HRK 7.533559
HTG 149.848112
HUF 344.785009
IDR 20354.09448
ILS 3.376626
IMP 0.856046
INR 108.154132
IQD 1502.308
IRR 1576849.999934
ISK 142.58168
JEP 0.856046
JMD 181.467891
JOD 0.813103
JPY 183.789607
KES 148.53374
KGS 100.287387
KHR 4601.527047
KMF 487.389784
KPW 1032.120401
KRW 1733.806779
KWD 0.353327
KYD 0.956202
KZT 559.546703
LAK 25264.003775
LBP 102695.940062
LKR 384.391139
LRD 208.889425
LSL 18.572263
LTL 3.386203
LVL 0.693688
LYD 7.310873
MAD 10.602186
MDL 20.022237
MGA 4816.559941
MKD 60.879756
MMK 2408.217833
MNT 4104.835454
MOP 9.257481
MRU 45.963796
MUR 54.04896
MVR 17.729808
MWK 1990.845095
MXN 19.90667
MYR 4.661518
MZN 73.282934
NAD 18.580358
NGN 1558.638416
NIO 41.984462
NOK 11.159683
NPR 173.506117
NZD 1.991525
OMR 0.440942
PAB 1.147403
PEN 3.913467
PGK 5.031872
PHP 69.235767
PKR 319.152361
PLN 4.183148
PYG 7001.804944
QAR 4.174928
RON 5.168669
RSD 115.908285
RUB 83.683769
RWF 1706.4384
SAR 4.302672
SBD 9.244841
SCR 16.187223
SDG 688.652624
SEK 10.984337
SGD 1.470232
SHP 0.856202
SLE 28.383634
SLL 24047.826802
SOS 655.404832
SRD 42.812368
STD 23736.44462
STN 24.54152
SVC 10.039367
SYP 126.75821
SZL 18.574582
THB 37.310566
TJS 10.636301
TMT 4.025268
TND 3.339195
TOP 2.76122
TRY 53.261028
TTD 7.794276
TWD 36.19129
TZS 3010.353406
UAH 51.386834
UGX 4244.955411
USD 1.1468
UYU 46.323376
UZS 13767.333837
VES 683.53454
VND 30190.6568
VUV 136.456472
WST 3.141947
XAF 648.162993
XAG 0.017416
XAU 0.000271
XCD 3.099285
XCG 2.067916
XDR 0.807
XOF 647.942205
XPF 119.331742
YER 273.655179
ZAR 18.84345
ZMK 10322.575319
ZMW 20.280136
ZWL 369.269132
  • RBGPF

    -1.7300

    61.14

    -2.83%

  • CMSC

    0.0500

    22.37

    +0.22%

  • CMSD

    0.0000

    22.29

    0%

  • RYCEF

    -0.1600

    18.43

    -0.87%

  • BCC

    3.8500

    74.66

    +5.16%

  • RIO

    -2.5900

    100.08

    -2.59%

  • BCE

    0.0000

    23.28

    0%

  • RELX

    -0.8300

    31.18

    -2.66%

  • GSK

    -1.4800

    50.67

    -2.92%

  • AZN

    -2.9600

    174.93

    -1.69%

  • VOD

    -0.2300

    14.3

    -1.61%

  • NGG

    -1.2400

    79.44

    -1.56%

  • JRI

    0.0500

    12.67

    +0.39%

  • BP

    -1.0400

    39.1

    -2.66%

  • BTI

    -0.5800

    58.91

    -0.98%

EU eyes deal to tame internet 'Wild West'
EU eyes deal to tame internet 'Wild West' / Photo: JUSTIN TALLIS - AFP/File

EU eyes deal to tame internet 'Wild West'

The European Union on Friday homed in on new regulation to require Big Tech to remove harmful online content, the bloc's latest move to rein in the world's online giants.

Text size:

The Digital Services Act (DSA) -- the second part of a massive project to regulate tech companies -- aims to ensure tougher consequences for platforms and websites that violate a long list of banned content ranging from hate speech to disinformation and paedophilia images.

EU officials and parliament members started talks in Brussels to hammer out the deal, hoping to reach an agreement later in the day on legislation in the works since 2020.

The text is the companion to the Digital Markets Act (DMA), which targeted anti-competitive practices among tech behemoths like Google and Facebook and was concluded in late March.

The legislation has faced lobbying from the tech companies and intense debate over the extent of freedom of speech.

"What's forbidden offline must be forbidden online," tweeted EU internal markets commissioner Thierry Breton, who has previously described the internet as the "Wild West".

Tech giants have been repeatedly called out for failing to police their platforms -- a New Zealand terrorist attack that was livestreamed on Facebook in 2019 caused global outrage, and the chaotic insurrection in the US last year was promoted online.

The dark side of the internet also includes e-commerce platforms filled with counterfeit or defective products.

- Clinton praise -

The proposed regulation would require platforms to swiftly remove illegal content as soon as they are aware of its existence. Social networks would have to suspend users who frequently breach the law.

The DSA would force e-commerce sites to verify the identity of suppliers before proposing their products.

While much of the DSA's stipulations cover all companies, it lays out special obligations for "very large platforms", defined as those with more than 45 million active users in the European Union.

The list of companies has not yet been released but will include giants such as Google, Apple, Facebook, Amazon, Microsoft, as well as Twitter and probably the likes of TikTok, Zalando and Booking.com.

These players will be obliged to assess the risks associated with the use of their services and remove illegal content.

They will also be required to be more transparent about their data and algorithms.

The European Commission will oversee yearly audits and be able to impose fines of up to six percent of their annual sales for repeated infringements.

Among the practices expected to be outlawed is the use of data on religion or political views for targeted advertising.

Hillary Clinton, the former US secretary of state and presidential candidate, applauded the EU for taking action.

"For too long, tech platforms have amplified disinformation and extremism with no accountability. The EU is poised to do something about it," Clinton tweeted on Thursday.

"I urge our transatlantic allies to push the Digital Services Act across the finish line and bolster global democracy before it's too late."

Former Facebook employee Frances Haugen caused a huge stir last year when she accused her former bosses of prioritising profits over the welfare of its users.

She hailed in November the "enormous potential" of the European regulation project, which could become a "reference" for other countries, including the United States.

However, the European Consumer Organisation (BEUC) fears the text does not go far enough.

It wants a ban on all advertising based on the surveillance of internet users and random checks on online vendors' products.

J.Hasler--NZN