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Europe wants to challenge US tech giants' dominance with single data market

According to a new European Commission proposal, the European Union wants to create a single market in data with the aim of challenging the dominance of US tech giants such as Google, Amazon and Facebook.

The proposal shows how the EU wants to break free from tech giants control of large amounts of data while also positioning the bloc to better compete with Chinese rivals. It also suggests reining in big online platforms though the proposal could be changed ahead of its presentation scheduled for mid February.

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