The United Kingdom's Competition and Markets Authority (CMA) proposed a new code of conduct, pro-competitive interventions in the market, and enhanced merger rules for regulating tech giants, such as Google and Facebook.
CMA Chief Executive Andrea Coscelli said the new regime should allow fair treatment for consumers and businesses from tech giants and competitors to face a level playing field.
Thus, Coscelli wants new powers for the competition watchdog to harness the full potential of digital markets and drive competition and innovation.
The new regime will require government legislation and will be included in a wider regulatory framework for digital markets, including new rules for harmful online content and data protection. It should enable innovation to thrive while implementing taking swift action to prevent problems.
Meanwhile, Australia finalized plans to make Facebook and Google pay its media outlets for news content, which is aimed at protecting independent journalism.
Under a proposed law, Big Tech firms must negotiate payments for content that appears on their platforms with local publishers and broadcasters.
In case of disagreements, a government-appointed arbitrator will decide for them.
Facebook Australia managing director Will Easton said they would review the legislation and hope to come up with a workable framework to support Australia’s news ecosystem.


Barclays Q2 Profit Beats Forecasts as Investment Banking Strength Offsets Higher Costs
Air Liquide Q2 Sales Growth Tops Forecast as Electronics Business Drives Strong Performance
CATL Shares Jump as $5.6 Billion Buyback Signals Confidence in Long-Term Growth
TeamViewer Shares Fall Despite Profit Growth as ARR and Customer Base Decline
Exosens H1 Profit Beats Forecasts as Defense Demand Drives Growth
Stellantis Sells Free2move Car-Sharing Business to Mutares to Strengthen Core Auto Strategy
Nvidia Invests $1 Billion in Naver as South Korea AI Data Center Expansion Gains Momentum
Unilever Raises 2026 Sales Outlook After Strong Q2 Volume Growth
GSK Unveils $2.52 Billion Cost-Cutting Plan to Accelerate Drug Pipeline
Standard Chartered Beats Profit Forecasts as First-Half Earnings Rise 9%
AstraZeneca Q2 Earnings Beat Forecasts as Oncology Growth Supports 2026 Outlook
Serica Energy to Acquire Pharos Energy for £145.7M, Sending PHARP Shares Soaring
SK Hynix Q2 Profit Hits Record as AI Memory Chip Demand Fuels Growth
ASML, Applied Materials Slide as China DUV Chip Equipment Breakthrough Sparks Market Jitters
Galp Shares Fall After Q2 EBITDA Miss Despite Profit Beat and Higher Dividend
BHP, Port Hedland Unions Fail to Reach Wage Deal as Negotiations Continue
Johnson & Johnson Proposes $5.5 Billion Talc Settlement to Resolve U.S. Ovarian Cancer Lawsuits 



