UK markets close in 2 hours 40 minutes
  • FTSE 100

    7,264.57
    -173.52 (-2.33%)
     
  • FTSE 250

    19,516.01
    -433.43 (-2.17%)
     
  • AIM

    939.04
    -13.91 (-1.46%)
     
  • GBP/EUR

    1.1788
    -0.0001 (-0.01%)
     
  • GBP/USD

    1.2426
    +0.0084 (+0.68%)
     
  • BTC-GBP

    23,678.62
    -376.55 (-1.57%)
     
  • CMC Crypto 200

    654.15
    -16.53 (-2.46%)
     
  • S&P 500

    3,923.68
    -165.17 (-4.04%)
     
  • DOW

    31,490.07
    -1,164.52 (-3.57%)
     
  • CRUDE OIL

    106.48
    -3.11 (-2.84%)
     
  • GOLD FUTURES

    1,839.60
    +23.70 (+1.31%)
     
  • NIKKEI 225

    26,402.84
    -508.36 (-1.89%)
     
  • HANG SENG

    20,120.68
    -523.60 (-2.54%)
     
  • DAX

    13,768.79
    -238.97 (-1.71%)
     
  • CAC 40

    6,227.58
    -125.36 (-1.97%)
     

EU industry chief Breton, Musk signal agreement on Digital Services Act

  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
·1-min read
In this article:
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.

By Foo Yun Chee

BRUSSELS (Reuters) - EU industry chief Thierry Breton met Tesla Inc boss Elon Musk in Texas on Monday and the two signalled agreement on EU digital media regulation ahead of Musk's purchase of Twitter Inc .

The meeting comes weeks after the world's richest man clinched a deal to buy the social media company for $44 billion in cash.

In a video with the two men posted on Twitter by Breton, the EU official tells Musk that he explained the Digital Services Act to Musk. "It fits pretty well with what you think we should do," Breton tells Musk in a tweet that included the hashtag #DSA.

"I think it's exactly aligned with my thinking," Musk responds.

The two did not go into detail on the new law, which levies hefty fines on companies if they do not control illegal content. The rules ban advertising aimed at children or based on religion, gender, race and political opinions, for example.

Musk secured the deal to buy Twitter last month with a pledge to revitalise the company and expand the number of users by cracking down on spam bots and reducing the amount of moderation to facilitate more "free speech".

The billionaire's comments prompted a rejoinder from Breton that Twitter must comply with new EU rules known as the Digital Services Act tackling illegal online content.

Breton and Musk had been expected to discuss global supply chain issues during the EU official's visit to Tesla Inc's new Austin plant.

(Reporting by Foo Yun Chee; additional reporting by Peter Henderson; Editing by Emelia Sithole-Matarise and Stephen Coates)

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting