Exclusive-EU wants details of Big Tech, telcos investment plans - source

BRUSSELS : The European Commission wants to ask Big Tech and European Union telecoms providers about their investment outlays and cloud infrastructure plans before tabling legislation that could make the former pay for network costs, a person familiar with the matter said on Tuesday.

Alphabet Inc unit Google, Netflix Inc, Meta, Amazon.com Inc and other tech giants say the idea amounts to an internet traffic tax that could undermine Europe's net neutrality rules treating all users equally.

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Xi warns China officials to avoid ‘collusion’ with big businessHe also warned against “any infiltration of capital into politics'. Read more at straitstimes.com. Xi is one man. People against business in the CCP might find they are less powerful than they think they are. Money always corrupts and wins in the end. CCP is already on the fast track to inequality. Communism failed thanks to greed and no longer exists in China 🤣
Source: STForeignDesk - 🏆 4. / 71 Read more »