FILE PHOTO - The Google app logo is seen on a smartphone in this picture illustration taken September 15, 2017. REUTERS/Dado Ruvic/Illustration/File Photo
Australia's competition watchdog on Monday recommended a new regulatory body be set up to monitor tech giants Facebook Inc and Alphabet Inc's Google and their dominance of the online advertising and news markets.
The Australian Competition and Consumer Commission (ACCC) said in a preliminary report on the US firms' market power that extra oversight was justified to ensure advertisers were treated fairly and the public access to news was unfettered.
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