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The UK government will set up a technology regulator next year to control companies like Facebook and Google after leaving the EU, BTA reported.
The regulatory body will have the power to introduce a number of new rules, including a mandatory code of conduct for the largest companies in the sector and broader access to users for data.
The decision, according to the publication, is based on an international analytical study, initiated by Jason Furman, chief economic adviser to former US President Barack Obama.
According to a member of the Furman team, the regulator should be able to impose fines in excess of the UK Competition and Markets ceiling.
In a report released yesterday, the service outlined a new regulatory regime for the digital sector. Authorities are concerned that both companies are already so large and have such massive access to data that potential competitors cannot compete with them on an equal footing.
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The United States, Britain, and France have issued advisories urging their citizens to avoid travel to Iran, Lebanon, Israel, and the Palestinian territories in the coming days
An organized criminal group comprising Bulgarian citizens has been implicated in what authorities describe as the largest welfare fraud scheme in the legal history of Great Britain
Amidst the ongoing war, Ukraine has made a bold diplomatic move by appointing its former commander-in-chief, Valerii Zaluzhnyi, as the new ambassador to the United Kingdom
The Facebook and Instagram applications are currently experiencing a widespread outage globally, as reported around 5:30 p.m. Bulgarian time
Another Bulgarian national has been apprehended in the United Kingdom on allegations of espionage for Russia
Amid growing concerns over the spread of misinformation and the misuse of artificial intelligence, Meta, the parent company of Facebook, announces plans to establish a dedicated team to address these issues ahead of the upcoming European Parliament electi
Bulgaria’s industrial sector faces a notable downturn, registering an 8.4% year-on-year decline in seasonally adjusted production for February 2024, as per the latest estimates from Eurostat
In the wake of Iran's recent drone attack on Israel, European Union (EU) and NATO member states have heightened their state of combat readiness
In a recent Eurobarometer survey by the European Commission, 57% of Bulgarians expressed their expectation for governmental action to address the soaring cost of living
EU Energy Commissioner Kadri Simson stated that by the conclusion of the previous month, gas reserves across the EU had reached a historical peak for this time of year, standing at 58% capacity
The European Parliament has greenlit a new Migration and Asylum Plan, marking a significant shift in EU migration policy
In a decisive move to alleviate the burden on European truck drivers and streamline border crossings, the European Parliament (EP) has called for the lifting of Schengen land border controls for Bulgaria and Romania by the end of 2024
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Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022
