EU agrees on new rules for Internet companies to monitor content

New EU rules require companies such as Google and Meta* to increase oversight of illegal content on their platforms and pay regulators to enforce the rules.

Targeted ads targeting children or based on personal information such as religion, gender, race and political views are banned, Reuters reported.

Online platforms will also be charged an annual fee of up to 0.1% of annual net profits to cover the cost of monitoring their compliance. This could range from €20 million to €30 million per year, Reuters specifies.