Zürcher Nachrichten - Five things to know about the EU's landmark digital act

EUR -
AED 3.891201
AFN 72.039685
ALL 98.100849
AMD 409.437665
ANG 1.900657
AOA 966.712075
ARS 1057.796539
AUD 1.628853
AWG 1.904283
AZN 1.804062
BAM 1.956458
BBD 2.129416
BDT 126.022372
BGN 1.950776
BHD 0.399246
BIF 3069.629473
BMD 1.059406
BND 1.41779
BOB 7.28745
BRL 6.089044
BSD 1.054604
BTN 88.991622
BWP 14.387973
BYN 3.450793
BYR 20764.361575
BZD 2.125815
CAD 1.485457
CDF 3040.496022
CHF 0.935646
CLF 0.037352
CLP 1030.64317
CNY 7.665972
CNH 7.65858
COP 4658.209074
CRC 537.085653
CUC 1.059406
CUP 28.074264
CVE 110.760843
CZK 25.299733
DJF 187.802008
DKK 7.459163
DOP 64.147013
DZD 141.325824
EGP 52.371848
ERN 15.891093
ETB 129.009157
FJD 2.403422
FKP 0.836207
GBP 0.835797
GEL 2.886856
GGP 0.836207
GHS 16.908088
GIP 0.836207
GMD 75.217814
GNF 9143.7349
GTQ 8.14774
GYD 220.634184
HKD 8.246026
HNL 26.670588
HRK 7.557019
HTG 138.537888
HUF 406.568404
IDR 16782.742273
ILS 3.961459
IMP 0.836207
INR 89.410547
IQD 1388.351829
IRR 44593.05834
ISK 144.4706
JEP 0.836207
JMD 167.377857
JOD 0.751226
JPY 163.611505
KES 136.128628
KGS 91.63792
KHR 4291.654328
KMF 492.359227
KPW 953.465181
KRW 1475.678499
KWD 0.325756
KYD 0.878804
KZT 526.201891
LAK 23253.966423
LBP 94922.795608
LKR 307.256209
LRD 193.524202
LSL 19.159367
LTL 3.128151
LVL 0.640824
LYD 5.175185
MAD 10.596141
MDL 19.162624
MGA 4936.832823
MKD 61.531295
MMK 3440.910022
MNT 3599.86222
MOP 8.456242
MRU 42.296799
MUR 49.261911
MVR 16.378548
MWK 1838.06978
MXN 21.41701
MYR 4.741161
MZN 67.722574
NAD 19.159367
NGN 1767.121274
NIO 38.932883
NOK 11.657997
NPR 142.381217
NZD 1.799497
OMR 0.407884
PAB 1.054555
PEN 4.020461
PGK 4.261001
PHP 62.128885
PKR 294.314082
PLN 4.318039
PYG 8220.151812
QAR 3.856769
RON 4.976138
RSD 117.006178
RUB 105.668324
RWF 1451.386498
SAR 3.97711
SBD 8.866721
SCR 14.755111
SDG 637.227276
SEK 11.561199
SGD 1.41845
SHP 0.836207
SLE 23.995293
SLL 22215.223388
SOS 605.446447
SRD 37.508281
STD 21927.569466
SVC 9.22819
SYP 2661.789717
SZL 19.016034
THB 36.644553
TJS 11.221403
TMT 3.707922
TND 3.347386
TOP 2.481232
TRY 36.631616
TTD 7.159475
TWD 34.385467
TZS 2811.644994
UAH 43.676398
UGX 3872.301979
USD 1.059406
UYU 45.225206
UZS 13586.884811
VES 48.448686
VND 26924.808645
VUV 125.774833
WST 2.957429
XAF 656.183822
XAG 0.033996
XAU 0.000406
XCD 2.863098
XDR 0.802277
XOF 656.831773
XPF 119.331742
YER 264.692899
ZAR 19.015291
ZMK 9535.919228
ZMW 29.082151
ZWL 341.128365
  • RBGPF

    1.6500

    61.84

    +2.67%

  • SCS

    -0.0300

    13.2

    -0.23%

  • BCC

    1.4500

    141.54

    +1.02%

  • CMSC

    0.0540

    24.624

    +0.22%

  • RELX

    0.5900

    45.04

    +1.31%

  • NGG

    0.1500

    62.9

    +0.24%

  • BCE

    0.4100

    27.23

    +1.51%

  • RIO

    1.1400

    62.12

    +1.84%

  • GSK

    0.3400

    33.69

    +1.01%

  • BTI

    0.2900

    36.68

    +0.79%

  • CMSD

    -0.0500

    24.39

    -0.21%

  • RYCEF

    0.0700

    6.85

    +1.02%

  • JRI

    0.1300

    13.23

    +0.98%

  • VOD

    0.1500

    8.92

    +1.68%

  • BP

    0.4400

    29.42

    +1.5%

  • AZN

    0.1600

    63.39

    +0.25%

Five things to know about the EU's landmark digital act
Five things to know about the EU's landmark digital act / Photo: Kenzo TRIBOUILLARD - AFP/File

Five things to know about the EU's landmark digital act

The world's biggest digital companies will be forced to comply from Thursday with strict EU rules that Brussels hopes will make the online market fairer for all.

Text size:

The European Union in September named six so-called gatekeepers and 22 of their platforms including Facebook, Instagram and LinkedIn that must adhere to the rules: Google's Alphabet, Amazon, Apple, TikTok parent ByteDance, Meta and Microsoft.

That list is expected to grow after online travel agent Booking and Elon Musk's X notified the European Commission last week that they met the criteria to be considered gatekeepers.

Here are five rules included in the law that will force the titans to change their ways.

- Save the start-ups -

Big tech companies make billions of dollars in profit every year and some of the windfall goes to scooping up start-ups and innovators.

This rankles authorities, who accuse the giants of using their war chests to snuff out potential rivals before they become a threat.

Under the new rules all buyouts, no matter how small, will have to be notified to the commission, the EU's executive arm based in Brussels.

The commission also acts as the EU's powerful competition regulator.

- Messaging unity -

After multiple scandals that hit Meta-owned Facebook, many users chose to swap the giant's Messenger or WhatsApp messaging services for alternatives, such as Signal or Telegram.

Yet the market power of Meta's services remains strong, making it difficult for WhatsApp dissenters to keep messaging links with family and friends.

To solve this, the DMA imposes interoperability between messaging apps, all while demanding that communications remain encrypted from user to user.

- Fair shopping on Amazon -

Amazon is a major shopping platform for thousands of companies to sell their wares online. But suspicions are rife that the online giant abuses its role as a marketplace to better position its own products as a retailer.

The DMA will ban this conflict of interest, as well as demand that the gatekeepers share key information with business customers.

- Open the App Store -

Around the world, Apple has defended the sanctity of its App Store, barring companies from using their own payment systems or for apps to be downloaded outside the Apple store.

Despite its warnings that opening up iPhones would pose a security threat, the DMA will force Apple to give ground on both those fronts.

Apple has said it will comply, but app developers and some digital companies, including Swedish music streaming giant Spotify, have accused it of acting in bad faith with changes that create prohibitive new costs for rivals.

Failure to comply with the DMA could carry fines in the billions of dollars -- big enough even for the world's biggest company by market value to pay attention.

Repeat offenders would see fines of 20 percent of their global turnover.

Any gatekeeper platform that locks in customers to use pre-installed services, such as a web browser, mapping or weather information, will also face fines.

- Ad transparency -

Google's search engine and Meta's Facebook and Instagram are the world's biggest online advertisers, a status that critics say the companies abuse by accumulating valuable data about customers and keeping it to themselves.

The DMA will force the tech giants to reveal much more to advertisers and publishers on how their ads work and on an ad's actual effectiveness.

This will make companies less beholden to Google or Facebook for understanding their customers and potentially encourage firms to get their message out in new ways.

W.Odermatt--NZN