13:10:00 EST Tue 18 Nov 2025
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Globe/NYT say Meta, rivals hear EU rethinking crackdown

2025-11-18 07:19 ET - In the News

See In the News (C-META) Meta CDR (CAD Hedged)

The Globe and Mail reports in its Tuesday edition that after more than a decade of aggressively regulating the technology industry, the European Union is having second thoughts. A New York Times dispatch to The Globe reports that policy-makers in Brussels are moving to scale back and simplify landmark rules for artificial intelligence and data privacy. Officials and business leaders across the 27-nation bloc are questioning whether Europe's digital rule book has gone too far and left companies lagging the United States and China. The Trump administration has also criticized Europe's regulations. The rethinking is set to be laid out in a "digital package of simplification" that the European Commission, which manages much of the bloc's day-to-day work, plans to unveil Wednesday. According to drafts circulated in recent weeks, key aspects of the General Data Protection Regulation, or GDPR, a data privacy law, would be rewritten. Parts of a law restricting certain uses of AI would also be delayed. Europe has long been Big Tech's most formidable global watchdog. Brussels authorities have imposed billions in fines on Amazon, Apple, Google and Meta for antitrust violations, data abuses and the spread of illicit content.

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