New EU rules to keep tabs on tech titans
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 25 August 2023
⏱️ 7 minutes
🧾️ Download transcript
Summary
From the BBC World Service: The European Union’s Digital Services Act is coming into force today and some of the world’s tech giants will be directly affected. The world’s largest computer and video games festival, Games Com is wrapping up this weekend and a lot of the talk’s been about nostalgic titles and the possible take over of Activision Blizzard by Microsoft. The international leg of Taylor Swift’s Eras tour has kicked off in Mexico City. She’s on track to make one billion dollars from the tour, which would make it the highest-grossing series of concerts in history.
Transcript
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| 0:00.0 | New EU rules come in to keep tabs on tech titans. |
| 0:05.1 | Hello, and you're listening to the Marketplace Morning Report live from the BBC World Service |
| 0:09.5 | very good morning to you and happy Friday. |
| 0:12.6 | The European Union's Digital Service Act is coming into force today and some of the world's |
| 0:16.8 | tech titans will be directly affected the BBC's Alex Bell reports. |
| 0:22.1 | The new rules are aimed at big players including Facebook, Instagram, Apple's App Store and |
| 0:27.0 | TikTok, which have all been told to shield users from dangerous content and be more open |
| 0:32.1 | about privacy and data. |
| 0:34.1 | For now, only platforms with more than 45 million users are being asked to make changes, |
| 0:39.6 | but from early 2024, the rules will apply to all operating in Europe. |
| 0:44.3 | Non-compliance could cost operators up to 6% of global turnover with repeat offenders |
| 0:49.7 | facing a ban from European markets altogether, while some have embraced the changes others |
| 0:55.1 | including Amazon have disagreed with how the rules are being applied. |
| 0:59.1 | It comes at a time of increased scrutiny on online platforms, with mounting pressure on |
| 1:03.7 | companies to keep their users safe. |
| 1:05.9 | I'm the BBC's Alex Bell for Marketplace. |
| 1:08.9 | Alright, it's time to do the numbers. |
| 1:11.8 | Shares in Chinese seafood and salt producers are up-profiting from China's ban on aquatic |
| 1:16.7 | goods from Japan and German companies are more pessimistic about the economy, according |
| 1:21.2 | to an index of business confidence which fell to a 10-month low. |
| 1:26.5 | People of a certain age will certainly remember this. |
| 1:33.7 | Gamescom, the world's largest computer and video games festival in the German city |
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