The European Union is moving forward with a deal that could prevent major US companies like Apple, Google, Meta, and Amazon from accessing financial data within its single market. This decision highlights the EU's commitment to protecting data privacy and could significantly impact how these tech giants operate in Europe, raising concerns about their ability to innovate and compete.

The European Union is set to block major technology companies from participating in a new financial data sharing system, raising concerns about innovation and competition. This decision could limit the ability of these companies to access valuable financial information, potentially stifling advancements in fintech and related sectors. The move reflects ongoing tensions between regulators and tech giants, highlighting the EU's commitment to strict data privacy and competition laws.