Yun Chee Foo - Profile and Journalist Details
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Yun Chee Foo
Verified
European Competition Correspondent, Reuters
Brussels
Beats
E-commerce Business ConsultingTech
Content
By Yun Chee Foo Verified| Metro.us Verified BRUSSELS (Reuters) - EU antitrust regulators outlined a proposal on Wednesday aimed at giving national watchdogs in the 28-country bloc more power to crack down on anti-competitive practices and also to ward off political interference. The move by the European Commission came after a study it commissioned found shortcomings in the way competition agencies were equipped and structured, preventing them from doing their work effectively.
By Yun Chee Foo Verified| Metro.us Verified BERLIN (Reuters) - Europe's antitrust chief on Thursday warned companies against using algorithms to block rivals or form cartels, saying she may slap heftier fines on them if they use such software to commit wrongdoing. European Competition Commissioner Margrethe Vestager, who is poised to fine U.S. technology giant Google in the coming months for using its algorithm to unfairly demote rival shopping services in internet search results, said she was vigilant to such illegal practices.
By Yun Chee Foo Verified| Metro.us Verified BRUSSELS (Reuters) - EU antitrust regulators outlined a proposal on Wednesday aimed at giving national watchdogs in the 28-country bloc more power to crack down on anti-competitive practices and also to ward off political interference. The move by the European Commission came after a study it commissioned found shortcomings in the way competition agencies were equipped and structured, preventing them from doing their work effectively.
Company Info
Reuters
Reuters is a global news agency and a division of Thomson Reuters, providing real-time financial data, multimedia news, and professional insights to media organizations, businesses, and governments. Founded in 1851 by Paul Julius Reuter, the agency operates in around 200 locations worldwide, employing approximately 2,500 journalists and 600 photojournalists who report in 16 languages. The agency is known for its speed, accuracy, and neutrality in journalism. It covers a wide range of topics, including breaking news, politics, business, technology, and health, distributing content through text, video, and photography. Reuters also offers financial data services, including real-time market quotes and trading analytics, as well as multimedia solutions and professional tools for various sectors. With over 105 million monthly readers, Reuters is one of the most visited news sites globally, recognized for its significant impact on international journalism.
Nairobi, Kenya
+44 20 7949 4864
Founded: 1851