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Macron takes aim at US in push for fairer tech industry

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President Emmanuel Macron on Thursday took a swipe at the freewheeling U.S. business model, saying the private sector had too much influence on U.S.

Speaking at the opening of a tech summit in Paris, Macron said he favoured a toughening of merger and acquisition rules in Europe and that he wanted to make sure European software firms were not taken over by U.S. firms.The French president, a former investment banker, has come under constant fire from opponents for being too close to big business and pushing through tax reforms that favour the wealthy.

Macron in particular wants Europe to be the global standard bearer for tougher regulation of digital technology, finding a way between what he calls an excessively lax United States and an over-restrictive China.

 

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