EU's New Competition Chief Teresa Ribera Considers Potential Split of Google's Business

  • 📰 IrishTimes
  • ⏱ Reading Time:
  • 31 sec. here
  • 8 min. at publisher
  • 📊 Quality Score:
  • News: 37%
  • Publisher: 98%

Business News

EU Competition Chief,Teresa Ribera,Google

Teresa Ribera, the new EU's competition chief, has expressed openness to the idea of a potential split of Google's business. Ribera aims to continue her predecessor's legacy of tough competition enforcement while also building bridges with the incoming US President Donald Trump.

Teresa Ribera, the new EU competition chief, has stated that a potential split of Google's business is still under consideration. Ribera, who started her five-year term this week, also expressed her intention to build bridges with the incoming US President Donald Trump. She emphasized the importance of assessing divestments for large tech companies like Google to prevent them from accruing too much market power.

Ribera mentioned the need to work closely with other global competition authorities, including those in the United States. She aims to build on the legacy of her predecessor, Margrethe Vestager, who was known for her firm stance against tech giants. Ribera's role is significant in President Ursula von der Leyen’s second term, and she is also tasked with overseeing the EU’s green deal, especially amidst concerns about deindustrialization in Europe. Ribera will face early challenges, including dealing with US President Donald Trump, who has accused Europe of unfair treatment towards the US

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in SG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Singapore Singapore Latest News, Singapore Singapore Headlines