Articles for Digital Markets

Why China's companies are building cloud
4 months ago

Why China's companies are building cloud

China Daily  

A picture taken on Feb 28, 2023 shows the animal-shaped robot powered by ModelArts of Huawei Cloud at the Mobile World Congress. However, as the generative artificial intelligence technology, which exploded with the launch of US startup OpenAI's ChatGPT in late 2022, gathers momentum, an increasing number of Chinese enterprises have begun to recognize the importance of cloud computing technology, …

Data Digital Cloud Data Centers Chinese Ai Computing
What is the draft Digital Competition Bill? | Explained
5 months, 2 weeks ago

What is the draft Digital Competition Bill? | Explained

The Hindu  

The story so far: In February 2023, the Ministry of Corporate Affairs constituted a Committee on Digital Competition Law to examine the need for a separate law on competition in digital markets. It laid out this ex-ante framework in the draft Digital Competition Bill. The European Union is the only jurisdiction where a comprehensive ex-ante competition framework, under the Digital …

India Markets Services Competition Digital Digital Markets Bill
Tech industry groups oppose plans for digital competition law
6 months ago

Tech industry groups oppose plans for digital competition law

Hindustan Times  

Key industry associations representing technology companies, including Google and Meta, were almost unanimous in voicing their opposition to the ex ante competition regulation for digital markets in general, and the draft Digital Competition Bill in particular, in the third meeting convened by the government on the issue on Thursday, four people aware of the matter told HT. Chaired by IT …

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Divisions in industry body over draft law
6 months, 3 weeks ago

Divisions in industry body over draft law

Hindustan Times  

After an industry association opposed a separate law to regulate digital competition proposed by a committee constituted by the corporate affairs ministry, saying that existing legislation could be amended rather than enacting a new law, some prominent members have broken ranks to support it in a dissent note. Four of its members on May 30 sent a dissent note to …

Law India Competition Google Digital Companies Digital Markets
EU opens competition investigations into Apple, Google and Meta
8 months, 4 weeks ago

EU opens competition investigations into Apple, Google and Meta

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Apple, Google parent firm Alphabet, and Meta – the …

Google Apple Digital Markets Meta Dma Commission Opens
Apple, Google, Meta targeted under new European law meant to prevent cornering of digital markets
8 months, 4 weeks ago

Apple, Google, Meta targeted under new European law meant to prevent cornering of digital markets

Associated Press  

LONDON — European Union regulators opened investigations into Apple, Google and Meta on Monday, the first cases under a sweeping new law designed to stop Big Tech companies from cornering digital markets. The European Commission, the 27-nation bloc’s executive arm, said it was investigating the companies for “non-compliance” with the Digital Markets Act. The Digital Markets Act that took full …

Google Companies Digital Markets Meta European Commission Comply Dma
Apple, Google, Meta targeted under new European law to prevent cornering of digital markets
8 months, 4 weeks ago

Apple, Google, Meta targeted under new European law to prevent cornering of digital markets

LA Times  

Margrethe Vestager, European commissioner for Europe Fit for the Digital Age, speaks during a media conference regarding the Digital Markets Act at EU headquarters in Brussels on Monday. European Union regulators opened investigations into Apple, Google and Meta on Monday, the first cases under a sweeping new law designed to stop Big Tech companies from cornering digital markets. The European …

Markets Tech Google Apple Digital Companies Digital Markets
A needed reform for digital competition
9 months ago

A needed reform for digital competition

Hindustan Times  

With the rising digitalisation of markets, the proposed Digital Competition Act can provide a much-needed reform. PREMIUM The 2002 Competition Act’s ex-post approach—the regulator acts when abuse of dominance occurs—was adequate for the earlier, almost exclusively physical markets. The 2002 Competition Act’s ex-post approach—the regulator acts when abuse of dominance occurs—was adequate for the earlier, almost exclusively physical markets. Also, …

Markets Digital Digital Markets Needed Reform Regulator Acts
CCI's powers to penalise on global turnover basis to deter anti-competitive ways
9 months, 1 week ago

CCI's powers to penalise on global turnover basis to deter anti-competitive ways

Hindustan Times  

With the amendments coming into force, the Competition Commission of India now has the power to impose a penalty of up to 10 per cent of a company's global turnover for competition law violations. Avaantika Kakkar, Partner at leading law firm Cyril Amarchand Mangaldas, said the calculation of penalty based on global turnover is intended as a deterrent to more …

Law Global Penalty Competition Law Competition Violations Penalties
Europe's Digital Markets Act is forcing tech giants to make changes; Here's what that will look like
9 months, 2 weeks ago

Europe's Digital Markets Act is forcing tech giants to make changes; Here's what that will look like

The Hindu  

Europeans scrolling their phones and computers this week will get new choices for default browsers and search engines, where to download iPhone apps and how their personal online data is used. They’re a part of changes required under the Digital Markets Act, a set of European Union regulations that six tech companies classed as “gatekeepers” — Amazon, Apple, Google parent …

Google Apple Microsoft Apps App Digital Markets Act
Europe’s Digital Markets Act is forcing tech giants to make changes. Here’s what that will look like
9 months, 2 weeks ago

Europe’s Digital Markets Act is forcing tech giants to make changes. Here’s what that will look like

Associated Press  

LONDON — Europeans scrolling their phones and computers this week will get new choices for default browsers and search engines, where to download iPhone apps and how their personal online data is used. They’re part of changes required under the Digital Markets Act, a set of European Union regulations that six tech companies classed as “gatekeepers” — Amazon, Apple, Google …

Europe Markets Tech Search Google Digital Companies
Apple fined $2 billion by EU over music streaming competition
9 months, 2 weeks ago

Apple fined $2 billion by EU over music streaming competition

Associated Press  

LONDON — The European Union leveled its first antitrust penalty against Apple on Monday, fining the U.S. tech giant nearly $2 billion for unfairly favoring its own music streaming service by forbidding rivals like Spotify from telling users how they could pay for cheaper subscriptions outside of iPhone apps. Apple muzzled streaming services from telling users about payment options available …

Music Europe Investigation Tech Streaming Apple Pay
India one of the toughest markets: Uber global CEO Dara Khosrowshahi
10 months ago

India one of the toughest markets: Uber global CEO Dara Khosrowshahi

The Hindu  

Uber global CEO Dara Khosrowshahi said India was one of the toughest markets to grow in because people in the country wanted a lot of services but didn’t want to spend much money. Mr. Khosrowshahi, in the course of the conversation with Mr. Nilekani, also said companies and governments around the world could learn from the scale and ambition of …

India Uber Khosrowshahi
Top academics urge Rishi Sunak not to buckle under pressure from Big Tech to 'escape' regulation
1 year, 2 months ago

Top academics urge Rishi Sunak not to buckle under pressure from Big Tech to 'escape' regulation

Daily Mail  

Rishi Sunak must not buckle under intense lobbying from the world's biggest online giants to help them 'escape' vital regulation, a group of leading economists have warned. The letter accused Big Tech platforms of having 'only their own interests at heart' and reminded Mr Sunak of his 'personal responsibility' towards both British businesses and consumers. The economists fear Mr Sunak …

Tech Digital Digital Markets Platforms Big Bill Letter
Publisher-platform imbalances need fixing
1 year, 5 months ago

Publisher-platform imbalances need fixing

The Hindu  

How can our news media be safeguarded against the market power of domineering search engines, social media giants, and other so-called ‘big tech’ players mediating the digital economy? Such dependencies arise from platforms straddling multiple roles in digital news markets, especially as mediators in the search for online news content, and as providers of infrastructure to publishers to participate in …

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Britain to take on Big Tech antitrust issues with new legal powers
1 year, 7 months ago

Britain to take on Big Tech antitrust issues with new legal powers

The Hindu  

Britain said on Tuesday it would introduce a new law to rein in the power that big tech companies such as Google, Facebook and Amazon are able to wield to stifle competition in digital markets. Britain's antitrust watchdog, the Competition and Markets Authority, set up a dedicated Digital Markets Unit two years ago, armed with the expertise to regulate new …

Markets British Digital Markets Britain Bill Tech Companies Cma
Britain to take on Google, Amazon and Facebook with new legal powers
1 year, 7 months ago

Britain to take on Google, Amazon and Facebook with new legal powers

Live Mint  

Britain said on Tuesday it would introduce a new law to rein in the power that big tech companies such as Google, Facebook and Amazon are able to wield to stifle competition in digital markets. Britain's antitrust watchdog, the Competition and Markets Authority, set up a dedicated Digital Markets Unit two years ago, armed with the expertise to regulate new …

Google British Digital Markets Britain Tech Companies Cma
Seized $3.5 billion in FTX crypto assets, Bahamas regulator says
1 year, 11 months ago

Seized $3.5 billion in FTX crypto assets, Bahamas regulator says

Live Mint  

Bahamas securities regulators said they seized digital assets valued at $3.5 billion from FTX’s local operation in mid-November as the cryptocurrency exchange spiraled toward collapse, a figure that FTX’s U.S. managers cast doubt on Friday. Christina Rolle, executive director of the Securities Commission of the Bahamas, said in an affidavit made public Thursday that the commission sought control of the …

Court Crypto Transfers Securities Commission Bahamas Ftx
Mint Explainer: How to prevent the birth of digital monopolies
1 year, 11 months ago

Mint Explainer: How to prevent the birth of digital monopolies

Live Mint  

A parliamentary panel has recommended ex-ante regulations for the Indian digital markets to prevent a few companies turning into large monopolies. In fact, regulations can be far broader in scope than competition laws, pushing the development of the digital ecosystem in a direction that may be seen to be socially desirable, for example, pushing companies to share data that may …

India Economy Market Data Regulations Competition Digital Markets
Gear up wisely to clamp down on important digital intermediaries
1 year, 11 months ago

Gear up wisely to clamp down on important digital intermediaries

Live Mint  

Hard on the heels of its recommendations on the Competition Bill, 2022, India’s Standing Committee on Finance tabled its report on “anti-competitive practices by big tech companies” in the Lok Sabha on 22 December 2022. To address the unique needs of digital markets, the committee has recommended the introduction of a ‘Digital Competition Act’, which would ensure a fair, transparent …

India Markets Competition Digital Digital Markets Committee Fair
Explained | What is the E.U. Digital Markets Act?
2 years, 1 month ago

Explained | What is the E.U. Digital Markets Act?

The Hindu  

The story so far: The Digital Markets Act entered into force in the European Union on November 1, seven months after it was agreed for by the European Parliament in March this year. In addition to managing a ‘core platform service’, a company must have accrued an annual turnover of at least €7.5 billion in each of the last three …

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Technology companies wary of law on digital competition
2 years, 4 months ago

Technology companies wary of law on digital competition

The Hindu  

To tackle unfair and predatory practices in the digital market space, the Standing Committee on Finance will be submitting a report in the first week of September on how the competition law needs to evolve for the digital market. “In the first week of September, the Standing Committee on Finance will be submitting a report on the evolution of competition …

India Market Indian Digital Markets Digital Competition
Digital markets and competitive behaviour
2 years, 4 months ago

Digital markets and competitive behaviour

Hindustan Times  

In its 2018 passed decision, the CCI had imposed a fine of ₹135.86 crores against Google for having abused its dominant position in the market and being involved in search bias vis-à-vis Google flights service. Processes like bundling and tying become the go-to methods for these big players, which disrupts the level playing field for other companies. When the key …

Markets Market Players Digital Digital Markets Field Competitive
Digital markets must be defined well for competition regulation
2 years, 7 months ago

Digital markets must be defined well for competition regulation

Live Mint  

The rise of the digital sector has presented unique challenges for Indian regulatory authorities, including the Competition Commission of India, thanks to significant differences in the way such markets operate compared to traditional markets. The CCI’s approach so far: Until 2016, while defining a ‘relevant market’ for e-commerce companies and marketplaces, the CCI viewed online and offline segments as different …

Markets Market Services Digital Online Digital Platforms Digital Markets