EU auditor: Brussels too slow to tame Big Tech, FAA clears Boeing 737 Max, Johnson’s green economy
FT News Briefing
Forhecz Topher
4.4 • 1.3K Ratings
🗓️ 19 November 2020
⏱️ 11 minutes
🧾️ Download transcript
Summary
A new report from the EU’s external auditor has found Brussels failed to tame Big Tech because it moved too slowly, the US Federal Aviation Administration issues an order on Wednesday allowing Boeing’s 737 Max to fly again, and Wall Street analysts expect the arrival of a coronavirus vaccine will send the dollar sinking next year. Plus, the FT’s environment correspondent, Leslie Hook, explains why critics say Boris Johnson’s plan for a green economy falls short.
EU has been too slow to tame Big Tech, says bloc’s auditor
ft.com/content/abb8ebe1-99e1-4547-8c42-df265bf5125c?
US regulator clears Boeing’s 737 Max to fly again
https://www.ft.com/content/43bb3ab1-598d-4ee3-a83b-ea0c22f08d4a
Vaccine arrival expected to trigger dollar slump in 2021
ft.com/content/d2a226b8-574a-4d1c-9205-fa076ed97055?
Boris Johnson’s green plan a ‘far cry’ from hitting net zero targets
ft.com/content/dbd944e6-48a2-42d7-829e-ae1d64616bfc
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Transcript
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| 0:00.0 | Good morning from the Financial Times. |
| 0:02.0 | Today is Thursday, November 19th, |
| 0:04.0 | and this is your FT news briefing. |
| 0:07.0 | An audit finds why Brussels has had such a hard time taming big tech. |
| 0:13.0 | Boeing is once again allowed to fly at 737 max aircraft, |
| 0:16.6 | and Wall Street predicts a coronavirus vaccine |
| 0:19.3 | will trigger a dollar slump next year. |
| 0:22.1 | Plus Boris Johnson outlined a green recovery plan |
| 0:24.9 | yesterday but environmental experts say it's a far cry from what's needed. I'm |
| 0:29.8 | Mark Filipino and here's the news you need to start your day. |
| 0:33.0 | The European Union has a big goal. |
| 0:40.0 | Regulate big tech companies better than it has so far. |
| 0:46.0 | We should see the EU release a draft of its digital services act by the end of the year, |
| 0:51.0 | and now, after a report from Brussels external auditor we have a |
| 0:54.7 | better sense of why the EU has struggled with big tech. The European Court of |
| 0:59.5 | Auditors looked at a decade worth of attempts by the EU to try to reel in major tech companies, |
| 1:05.0 | and the report boiled down the inefficiencies into two main reasons. |
| 1:09.0 | The first reason, the EU moved too slowly. |
| 1:12.0 | Antitrust probes are often too slowly. |
| 1:13.0 | Antitrust probes are often too long, |
| 1:15.0 | and the enforcement only happens after big tech companies have wiped out the competition. |
| 1:20.0 | The second reason is that Brussels doesn't have the legal muscle. The auditor added that the EU is kind of going about its regulation all wrong, |
... |
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