Market Chatter: European Union to Scrutinize Microsoft, Apple, Google Over Online Financial Scams

MT Newswires Live

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The European Union is set to examine whether Microsoft (MSFT), Apple (AAPL), Alphabet's (GOOG) Google and Booking Holdings (BKNG) are doing enough to combat online financial fraud, the Financial Times reported Tuesday.

Regulators will send formal requests for information under the bloc's Digital Services Act to assess how the companies handle fake applications in their app stores, fake search results and fake accommodation listings, the report said, citing EU's tech chief Henna Virkkunen.

The review could lead to formal investigations and potential fines of up to 6% of annual global turnover, according to the report.

European Commission, Microsoft, Apple, Google and Booking Holdings did not immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)</p></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1917777945.USD","symbol_name":"安聯專題基金Cl AT Acc","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2569303797","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2569303797","pubTimestamp":1758628206,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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