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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 […]

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. In recent trade talks with Europe, Washington has also targeted the EU’s Digital Services Act, a law that compels major online platforms to tighten oversight of illegal content and harmful activity. Gold is expected to continue its upward momentum throughout 2025 and into early 2026, driven by ongoing geopolitical tensions, macroeconomic challenges, and market anticipation of U.S. monetary easing, according to analysts from ANZ in a research note released Wednesday.

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