Launcher automatic updates need to be able to be disabled/manually approved

I would like the launcher to have the possibility to disable/manually approve downloading an update.

It is really annoying to start the launcher to see it updating without my permission, it makes my whole network basically unusable.

Is that not working for you?

EDIT: To clarify slightly. This new gear icon is on the action button for each game (if the game is currently downloading or queued you have to cancel it to see this), and will let you control the “Update Automatically” setting on a per-game basis.

I want to disable the automatic launcher updates, I don’t see an option for that in the settings menu.

So you want to disable the updates for the launcher rather than the games themselves?