Good morning from the Financial Times.

Today is Monday, October 12th,

and this is your FT news briefing.

The EU has been working on making powerful tech companies less powerful.

And they're building a list of businesses

that are in their crosshairs.

Then emerging economies are making the case

that they need more ambitious debt relief programs

to handle the pandemic. Plus, how are Brexit talks going?

And how do European countries feel about the progress?

I'm Mark Filipino, and here's the news you need to start your day. Take a quick look at the apps you have on your phone.

Take a quick look at the apps you have on your phone.

Chances are one of them is for a company that EU regulators will be cracking down on soon.

The EU is drawing up a hit list of up to 20 of the largest internet companies based on things like market share of

revenues and the number of users. So you're looking at a list with a high number of

Silicon Valley giants like Facebook, Apple, and Google. And people familiar with discussions say that companies on the list will have to comply with tougher

regulations than smaller companies.

That means new rules that force them to share data with rivals and make them more transparent on how they collect information.

It's all part of a growing effort by Brussels.

The EU is pushing big tech companies

to change their business practices.

The EU is expecting blowback from the companies

...