Alphabet's (GOOGL, GOOG) Google is expected to inform European Union antitrust regulators that the EU rules aimed at reining in Big Tech are hampering innovation to the detriment of European users and businesses, Reuters reported Tuesday.

The company plans to urge regulators to issue more detailed guidance to facilitate compliance with the rules, the report said.

Google will also challenge its critics to substantiate their claims by providing concrete evidence of the associated costs and benefits, Reuters reported, citing a copy of a speech scheduled to be delivered by Google's lawyer Clare Kelly on Tuesday.

Google faces mounting pressure from EU over allegations that it violates the Digital Markets Act by giving preferential treatment to its own services - such as Google Shopping, Google Hotels, and Google Flights - over competing offerings, the report said.

Google didn't immediately reply 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.)