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

EUR -
AED 3.883499
AFN 71.615398
ALL 97.964948
AMD 408.53216
ANG 1.896427
AOA 964.805939
ARS 1055.741158
AUD 1.626247
AWG 1.900538
AZN 1.797142
BAM 1.952131
BBD 2.124597
BDT 125.743664
BGN 1.953948
BHD 0.398522
BIF 3107.588652
BMD 1.057323
BND 1.414655
BOB 7.271333
BRL 6.114209
BSD 1.052212
BTN 88.790617
BWP 14.355882
BYN 3.443129
BYR 20723.52596
BZD 2.121004
CAD 1.482456
CDF 3034.516057
CHF 0.934045
CLF 0.037278
CLP 1028.616599
CNY 7.65576
CNH 7.657924
COP 4649.048145
CRC 535.892785
CUC 1.057323
CUP 28.019053
CVE 110.058145
CZK 25.289043
DJF 187.376937
DKK 7.459422
DOP 63.400838
DZD 141.165268
EGP 52.331753
ERN 15.859841
ETB 130.25768
FJD 2.399807
FKP 0.834563
GBP 0.835327
GEL 2.881216
GGP 0.834563
GHS 16.783455
GIP 0.834563
GMD 75.070046
GNF 9067.9567
GTQ 8.12972
GYD 220.146233
HKD 8.227494
HNL 26.580043
HRK 7.542157
HTG 138.230195
HUF 406.433817
IDR 16751.745904
ILS 3.945331
IMP 0.834563
INR 89.24983
IQD 1378.496068
IRR 44505.358261
ISK 144.525419
JEP 0.834563
JMD 167.007687
JOD 0.749961
JPY 162.756874
KES 136.658711
KGS 91.45846
KHR 4252.008315
KMF 491.390569
KPW 951.590077
KRW 1474.473563
KWD 0.325063
KYD 0.876844
KZT 525.033196
LAK 23117.550371
LBP 94229.894127
LKR 306.573792
LRD 193.087091
LSL 19.057082
LTL 3.121999
LVL 0.639564
LYD 5.139316
MAD 10.535598
MDL 19.120064
MGA 4918.708725
MKD 61.55379
MMK 3434.143058
MNT 3592.782658
MOP 8.437142
MRU 41.954147
MUR 48.932955
MVR 16.346446
MWK 1824.670517
MXN 21.415385
MYR 4.725157
MZN 67.589326
NAD 19.057082
NGN 1763.392855
NIO 38.727212
NOK 11.651094
NPR 142.064988
NZD 1.796457
OMR 0.407084
PAB 1.052222
PEN 3.999683
PGK 4.233044
PHP 62.203409
PKR 292.315027
PLN 4.32798
PYG 8201.546341
QAR 3.837587
RON 4.977555
RSD 117.016009
RUB 106.26298
RWF 1445.496848
SAR 3.969163
SBD 8.849283
SCR 14.400772
SDG 635.976973
SEK 11.569652
SGD 1.416019
SHP 0.834563
SLE 23.948434
SLL 22171.534478
SOS 601.375398
SRD 37.434533
STD 21884.446262
SVC 9.207607
SYP 2656.554987
SZL 19.050015
THB 36.556911
TJS 11.196057
TMT 3.70063
TND 3.325849
TOP 2.476357
TRY 36.586719
TTD 7.143574
TWD 34.253349
TZS 2806.115567
UAH 43.578981
UGX 3863.738072
USD 1.057323
UYU 45.125187
UZS 13481.661105
VES 47.877573
VND 26855.997928
VUV 125.527482
WST 2.951613
XAF 654.723346
XAG 0.033674
XAU 0.000403
XCD 2.857468
XDR 0.800488
XOF 654.720256
XPF 119.331742
YER 264.172394
ZAR 19.079304
ZMK 9517.174653
ZMW 29.016326
ZWL 340.457495
  • RBGPF

    59.7500

    59.75

    +100%

  • CMSC

    0.0540

    24.624

    +0.22%

  • CMSD

    -0.0500

    24.39

    -0.21%

  • JRI

    0.1300

    13.23

    +0.98%

  • NGG

    0.1500

    62.9

    +0.24%

  • BCC

    1.4500

    141.54

    +1.02%

  • RIO

    1.1400

    62.12

    +1.84%

  • GSK

    0.3400

    33.69

    +1.01%

  • SCS

    -0.0300

    13.2

    -0.23%

  • AZN

    0.1600

    63.39

    +0.25%

  • RYCEF

    0.0800

    6.93

    +1.15%

  • BCE

    0.4100

    27.23

    +1.51%

  • RELX

    0.5900

    45.04

    +1.31%

  • BTI

    0.2900

    36.68

    +0.79%

  • VOD

    0.1500

    8.92

    +1.68%

  • BP

    0.4400

    29.42

    +1.5%

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.

Y.Rahma--DT