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The European Parliament urges the EU to reduce dependence on U.S. tech giants like Google and Amazon, citing risks to data security and economic independence amid rising U.S.-EU tensions. It advocates investing in domestic AI, cloud computing, and open-source alternatives to achieve digital sovereignty. This could reshape global tech dynamics.
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In 2026, Congress advances bills like KOSA and the Kids Off Social Media Act to hold Big Tech accountable for minors' online safety, imposing duties of care and parental tools. Critics warn of privacy risks and outsourced parenting to corporations. This bipartisan push balances protection with potential surveillance overreach.
The US has banned several European advocates, including HateAid directors Josephine Ballon and Anna-Lena von Hodenberg, for allegedly pressuring tech firms to censor American viewpoints amid clashes between US free speech ideals and European anti-hate regulations. This move heightens transatlantic tensions and disrupts global efforts against online toxicity.
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Post-Brexit, Britain is diverging from EU financial regulations to enhance competitiveness, as stated by TheCityUK's Miles Celic, who deems realignment unlikely. This shift fosters innovation but creates cross-border complexities and economic risks, like euro clearing losses, amid targeted cooperation via recent MoUs. The UK must navigate these challenges astutely.
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