Tech giants including Apple and Amazon will face rules governing their commercial relations with smaller businesses for the first time under a law proposed by the European Union (EU) , reports Reuters.
The new rules will specifically target app stores, search engines, e-commerce sites and hotel booking websites, requiring them to be more transparent about how they rank search results and why they delist some services. The proposal would also give companies the right to collectively sue online platforms if they don’t respect the new rules on non-discrimination and transparency, notes Reuters.
The EU is a political and economic union of 28 member states that are located primarily in Europe. Its policies aim “to ensure the free movement of people, goods, services, and capital within the internal market, enact legislation in justice and home affairs, and maintain common policies on trade, agriculture, fisheries, and regional development.”
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