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Germany leads EU push to block Big Tech from financial data access system

Big Tech companies are on course to be shut out of a new European Union market for financial data, despite warnings from Donald Trump that he will penalize countries that “discriminate” against US firms with higher tariffs. With Germany’s backing, EU negotiators are steering toward rules that would bar Meta, Apple, Google and Amazon from accessing a system meant to let third parties share bank and insurance data to build consumer finance tools. A move to block the US platforms from the Financial...

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