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

EUR -
AED 4.278489
AFN 76.301366
ALL 96.530556
AMD 444.389335
ANG 2.085119
AOA 1068.154458
ARS 1670.316609
AUD 1.75427
AWG 2.096704
AZN 1.984845
BAM 1.955415
BBD 2.345238
BDT 142.439297
BGN 1.957372
BHD 0.439074
BIF 3456.06653
BMD 1.164835
BND 1.508396
BOB 8.046379
BRL 6.313529
BSD 1.16437
BTN 104.690912
BWP 15.469884
BYN 3.34764
BYR 22830.773166
BZD 2.341828
CAD 1.611422
CDF 2599.912958
CHF 0.937162
CLF 0.02734
CLP 1072.545921
CNY 8.235507
CNH 8.234944
COP 4446.759008
CRC 568.78787
CUC 1.164835
CUP 30.868137
CVE 110.780379
CZK 24.198994
DJF 207.014999
DKK 7.469472
DOP 74.84113
DZD 151.385181
EGP 55.40272
ERN 17.47253
ETB 180.60972
FJD 2.630723
FKP 0.8723
GBP 0.873382
GEL 3.149553
GGP 0.8723
GHS 13.337819
GIP 0.8723
GMD 85.033396
GNF 10119.511721
GTQ 8.919242
GYD 243.610929
HKD 9.068302
HNL 30.667954
HRK 7.538703
HTG 152.42995
HUF 382.163892
IDR 19442.733022
ILS 3.76907
IMP 0.8723
INR 104.795933
IQD 1525.399284
IRR 49054.133779
ISK 149.006189
JEP 0.8723
JMD 186.373259
JOD 0.825914
JPY 180.836077
KES 150.617641
KGS 101.8653
KHR 4665.166047
KMF 491.560932
KPW 1048.343898
KRW 1715.709753
KWD 0.357232
KYD 0.970405
KZT 588.861385
LAK 25249.913875
LBP 104272.296288
LKR 359.159196
LRD 204.939598
LSL 19.73441
LTL 3.439456
LVL 0.704598
LYD 6.329752
MAD 10.752872
MDL 19.812009
MGA 5193.953775
MKD 61.627851
MMK 2446.083892
MNT 4131.091086
MOP 9.337359
MRU 46.433846
MUR 53.664406
MVR 17.950554
MWK 2019.093291
MXN 21.176696
MYR 4.788683
MZN 74.437324
NAD 19.73441
NGN 1689.139851
NIO 42.851552
NOK 11.767103
NPR 167.505978
NZD 2.016522
OMR 0.447885
PAB 1.164465
PEN 3.914028
PGK 4.940241
PHP 68.699705
PKR 326.441746
PLN 4.232667
PYG 8008.421228
QAR 4.244263
RON 5.093014
RSD 117.420109
RUB 89.113003
RWF 1694.158743
SAR 4.371861
SBD 9.5794
SCR 15.722146
SDG 700.652754
SEK 10.953705
SGD 1.509027
SHP 0.873928
SLE 26.791608
SLL 24426.013032
SOS 664.266196
SRD 44.99647
STD 24109.740275
STN 24.495171
SVC 10.187374
SYP 12881.033885
SZL 19.719113
THB 37.125677
TJS 10.683448
TMT 4.076924
TND 3.415727
TOP 2.804644
TRY 49.510866
TTD 7.893444
TWD 36.432793
TZS 2836.374505
UAH 48.875802
UGX 4119.187948
USD 1.164835
UYU 45.541022
UZS 13930.253805
VES 289.561652
VND 30705.060237
VUV 142.19158
WST 3.250066
XAF 655.824896
XAG 0.019865
XAU 0.000276
XCD 3.148026
XCG 2.098577
XDR 0.815408
XOF 655.723589
XPF 119.331742
YER 277.700931
ZAR 19.720255
ZMK 10484.920268
ZMW 26.920577
ZWL 375.076512
  • RBGPF

    0.0000

    78.35

    0%

  • RYCEF

    -0.1400

    14.51

    -0.96%

  • CMSC

    -0.0200

    23.46

    -0.09%

  • SCS

    -0.0550

    16.175

    -0.34%

  • RIO

    -0.7200

    73.01

    -0.99%

  • VOD

    -0.1480

    12.485

    -1.19%

  • GSK

    -0.2650

    48.305

    -0.55%

  • RELX

    -0.1850

    40.355

    -0.46%

  • NGG

    -0.4100

    75.5

    -0.54%

  • BTI

    -0.8900

    57.15

    -1.56%

  • CMSD

    -0.0700

    23.25

    -0.3%

  • AZN

    0.3400

    90.37

    +0.38%

  • BCC

    -0.4400

    73.82

    -0.6%

  • JRI

    0.0250

    13.775

    +0.18%

  • BCE

    0.3850

    23.605

    +1.63%

  • BP

    -1.1400

    36.09

    -3.16%

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