BERLIN : Germany's cartel office said on Wednesday it had classified Meta Platforms Inc as a"company with outstanding cross-market importance for competition", meaning Facebook-owner will face new rules in the country.
Under legislation introduced by German lawmakers in early 2021, the state regulator can ban practices at such companies that are deemed to harm competition. The decision means that instruments of extended abuse supervision will be applicable to Meta, the office said in a statement on Wednesday.
Source: News Formal (newsformal.com)
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:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Facebook-owner Meta opens access to AI large language modelFacebook-owner Meta Platforms Inc is opening up access to a large language model for artificial intelligence research, the social media company said on Tuesday. Meta said its model was the first 175-billion-parameter language model to be made available to the broader AI research community.'Large la
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Chinese drama Who Rules The World faces allegations of plagiarism and animal abuseBEIJING - Chinese period drama Who Rules The World has been hit with allegations of plagiarism and animal abuse. The 40-episode series, which is currently in the Top 10 charts in Singapore on Netflix, has been a hit since it started airing on April 18. However,...
Source: thenewpaper - 🏆 7. / 63 Read more »
Why tech giants like Meta and Alphabet change their namesSix months ago, Facebook changed its corporate name to Meta. The announcement was simultaneously important and strange, echoing another tech giant’s name change years earlier – Google’s 2015 move to rename itself Alphabet.
Source: YahooSG - 🏆 3. / 71 Read more »
Germany denounces Russia foreign minister's comments on Hitler and Zelenskyy as 'absurd'BERLIN: Russian Foreign Minister Sergei Lavrov\u0027s comments to Italian television in which he suggested Adolf Hitler had Jewish origins are \u0022absurd\u0022 propaganda, a German government spokesperson said on Monday (May 2). During an interview with Rete 4 channel on Sunday, Lavrov was asked how Russia could say it 🧐 Still have second thoughts whether these dictators, Xi, Putin and Kim are thinking straight. So the West supports Jews.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Sanctions will not be lifted until Russia signs peace deal with Ukraine: Germany's ScholzBERLIN: The sanctions imposed on Russia in response to its invasion of Ukraine will not be lifted until Moscow reaches a peace agreement with Ukraine, German Chancellor Olaf Scholz said, adding that it was for Ukraine to determine the peace terms. Scholz, in an interview broadcast Monday on ZDF public tele Against the dictators the only guarantee in maintaining Ukraine’s sovereign integrity is military.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Germany would weather Russian oil ban despite shortages: MinisterBERLIN: Germany would be able to weather an EU embargo on Russian oil imports by the end of this year even though a stoppage could result in shortages, Economy Minister Robert Habeck said on Monday (May 2), appearing to throw his weight behind a ban. Two European Union diplomats said at the weekend that th
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »