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Maroc Maroc - NEWSDELIVERS.COM - A La Une - 17/Sep 16:40

Tech Giants Await Selection of New EU Antitrust Chief

Teresa Ribera will have to take on big tech companies, banks and airlines if she is confirmed as Europe's new antitrust chief, while also seeking to introduce looser rules to help create top EU companies. Ribera was nominated Tuesday by European Commission President Ursula von der Leyen for the top antitrust post. Ribera has served as Spain’s ecological transition minister since 2018. The 55-year-old Spanish socialist is one of Europe's most ambitious climate change policymakers, but she still has to win the approval of the European Parliament before taking office. As competition commissioner, he will be able to approve or veto multibillion-euro mergers or impose huge fines on companies seeking to increase their market power by stifling smaller rivals or illegally cooperating to fix prices. Will Tech Giants Comply With the Rules? One of the biggest challenges will be ensuring that Amazon, Apple, Alphabet's Google, Microsoft and Meta comply with landmark regulations aimed at limiting their power and giving consumers more choice. The failure of Apple, Google and Meta to comply with the Digital Markets Act has put the giant companies in the spotlight of the EU's antitrust chief Margrethe Vestager, who is about to end her term. Another challenge …

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