CURRENT AFFAIRS

Detailed explanation-1: -Notes: The UK recently released some competition rules for big tech companies like Google and Facebook, missing which will attract huge fines from the country. UK established Digital Markets Unit (DMU) to curb authority of big tech companies over news publishers.

Detailed explanation-2: -Where has the Digital Markets Unit been established? The UK government has established a Digital Markets Unit (DMU) within the Competition and Markets Authority (CMA) with the aim of operationalizing the digital markets’ pro-competition of the future.

Detailed explanation-3: -The DMU was launched with the core objective of promoting competition in digital markets for the benefit of consumers. However, it has only been able to act in non-statutory shadow form since its inception, pending the enactment of legislation to equip it with statutory powers.

Detailed explanation-4: -Ofcom. Ofcom is the UK’s telecommunications regulator and has been given new responsibilities as part of the Government’s drive to regulate online harms in the UK.