Google to Facebook Seen Thwarted as EU Clashes on Privacy
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The European Union is backtracking from plans to allow U.S. Internet giants to be regulated by a single data-privacy watchdog in the EU, threatening the so-called one-stop-shop backed by Google Inc. to Facebook Inc.
Amid a turf war over who gets to regulate some of the world’s biggest companies, justice ministers have dropped proposals to give sole power to regulators where companies have their EU headquarters. As they met in Brussels today, splits emerged over an alternative plan that would see powers spread out, giving other nations the right to veto decisions taken by the lead authority.