EU announces plans to create digital single market 

The European Union unveiled a signature plan to unite the region’s fragmented online markets and crack down on possible abuses by U.S. Internet firms, a move policy makers hope will boost the economy and help spawn Internet giants to rival Google Inc. and Facebook Inc.

The plans, six months in the making, are a cornerstone of efforts by the EU’s recently appointed executive arm to jump-start growth. They contain 16 initiatives ranging from an overhaul of the region’s telecommunications rules to harmonized copyright and tax regimes to cybersecurity and even better parcel delivery.

Source: EU announces plans to create digital single market – WSJ