The EU pursuing powers to regulate US tech giants
While the US government is cracking down on big software apps it views as security threats, the EU appears to have big US-based technology companies in its crosshairs as well. EU commissioner Thierry Breton revealed to The Financial Times that it is pursuing the ability to either force big tech companies to sell off its European operations or enforce massive penalties for these companies who store data outside of the EU and avoid big taxes in the process.