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BREAKING NEWS

Australian regulator to get unit specialising in tech companies

Australian regulator to get unit specialising in tech companies
FILE PHOTO: Silhouettes of mobile users are seen next to a screen projection of the Facebook logo in this picture illustration taken March 28, 2018. REUTERS/Dado Ruvic/Illustration/File Photo -
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Dado Ruvic(Reuters)
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SYDNEY (Reuters) – Australia’s antitrust watchdog will be strengthened with a special branch to oversee the market power of U.S. technology giants Facebook <FB.O> and Google <GOOGL.O> under sweeping regulatory reforms proposed by the government on Friday.

“This particular branch … will be able to be approached by various companies who believe that the algorithms have been misused,” Treasurer Josh Frydenberg told reporters in Sydney.

(Reporting by Byron Kaye; Editing by Stephen Coates)

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