FT News Briefing EU targets Big Tech with ‘hit list’, EM countries call for ambitious debt relief, EU countries on Brexit progress
Oct 12, 2020
EU regulators are targeting major tech companies with a 'hit list' that could enforce significantly stricter rules. Meanwhile, emerging economies are urgently calling for comprehensive debt relief as they grapple with pandemic fallout. On another front, Brexit negotiations are seeing a blend of optimism and tension as leaders navigate critical issues like fishing rights and regulatory fairness. The atmosphere remains cautiously hopeful as discussions continue regarding the future of UK-EU relations.
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EU Targets Big Tech
- The EU is targeting up to 20 of the largest internet companies with stricter regulations.
- These companies will face new rules on data sharing and transparency.
Emerging Markets Seek Debt Relief
- Emerging markets, hit hard by the pandemic, are calling for increased debt relief.
- They argue that current programs, like the G20 debt repayment agreement, are insufficient.
Brexit Negotiations
- Brexit negotiations are ongoing, with sticking points including fishing rights, the "level playing field," and dispute settlement mechanisms.
- The EU and UK aim for a deal, but the EU won't compromise its core values.