The Luxembourg National Data Protection Commission has fined Amazon $ 887 million for violating the processing of users’ personal data.
The Commission has decided that the processing of Amazon’s personal data does not comply with EU data protection regulations. Claims are related to showing customers relevant advertising. This is a record fine for such violations since the entry into force in the EU of the General Regulation on Personal Data Protection on May 25, 2018. In addition to the fine, the company is also required to review the current practice of collecting personal data.
Amazon called the commission’s decision unfounded and said it would appeal it – the company claims that customer data was never passed on to third parties. Following the release of this information, Amazon shares on the Nasdaq at the opening of trading on July 30 fell immediately by 7.14 percent.
In turn, Amazon founder Jeff Bezos lost $ 14 billion and lost the first line in the list of richest people to the president of Louis Vuitton Moët Hennessy (LVMH) Bernard Arnault, according to Forbes Real-Time.
According to Forbes, Bezos’ fortune is $ 191.9 billion, while Arno’s fortune is $ 194.2 billion.
The Fund for Economic Stability (WSF), created by the German government, saved the largest German airline from bankruptcy after the collapse of air traffic in March 2020 with billions of infusions, but now there is a way out of the crisis, the concern said. Lufthansa intends to return to the state by the end of […]
The German concern Lufthansa plans to remove the state from its co-owners by increasing its capital by 2.14 billion euros and returning the state anti-crisis aid received during the COVID-19 pandemic. These measures will begin before the elections to the Bundestag on September 26, the airline said on Sunday evening, September 19. From September 22 […]
In 2021, Russia’s Gazprom supplied 20.3 billion cubic meters of gas to Turkey, which is the maximum figure in less than nine months. This was reported by the company’s press service following a meeting of its chairman Alexei Miller with Turkish Minister of Energy and Natural Resources Fatih Donmez on Monday, September 20. At the […]
According to the updated data of the State Statistics Service, Ukraine’s GDP growth in the second quarter of 2021 was 5.7% in annual terms, which is 0.3% higher than the previous estimate. In particular, for six months the nominal GDP was UAH 1 trillion 169.4 billion, and per capita – UAH 28.19 thousand. Compared to […]
Exports of goods accounts for a third of Ukraine’s GDP.But we sell primarily raw materials abroad. It is a marker of underdeveloped countries and a path that does not contribute to economic development. Our state’s strategic task is to increase the exports of high-tech goods with high added value: that is, not just to grow […]
Next year, Ukraine may face a number of macroeconomic risks that will greatly affect economic growth. The Ministry of Finance listed these risks. In particular, Ukraine may lose 0.6-0.8 percentage points of GDP growth due to too low grain yields, due to which the budget will not receive UAH 8.5 billion. At the same time, […]
The low-cost airline Ryanair plans to expand in Ukraine if the open skies agreement with the EU is approved in the coming months. CEO Michael O’Leary stated this. O’Leary predicts the signing of an agreement between Ukraine and the EU by the end of 2021. “One of the markets I would single out is Ukraine. […]
Ukraine plans to privatize 737 state-owned enterprises during 2021-2023. The Ministry of Economy published the list of objects for sale. Although some companies will be able to sell only after the amendments to the legislation. In particular, such large enterprises as Centerenergo, the United Mining and Chemical Company, Turboatom, the Zaporizhia Titanium and Magnesium Plant, […]
In the background of the general election in the United States world oil prices jumped.This is evidenced by trading data as of Monday morning, November 9. And what about the election, according to preliminary data in the presidential race the Democrat Joseph Biden wins. Thus, the price of January futures for Brent oil on the […]
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Ukraine is preparing to place eight-year dollar Eurobonds, Interfax-Ukraine reports, citing a source in banking circles. According to the publication, the Ministry of Finance has already opened a book of applications. The benchmark profitability of the issue is 7-7.25%. The organizers of the placement are BNP Paribas, Deutsche Bank, Goldman Sachs International, JP Morgan.
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Russia’s pipelayer Fortuna has resumed work on laying the Nord Stream-2 gas pipeline in Germany’s exclusive economic zone, DPA reported, citing the press service of the Nord Stream 2 AG project operator on May 23. “Fortune is currently operating in German waters in accordance with existing permits and with statements made by the authorities,” the […]
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Naftogaz has signed a memorandum with the Israeli company Naphtha Petroleum on possible geological exploration of hydrocarbons on the Black Sea shelf. This was reported by the press service of Ukrgazvydobuvannya. It is noted that Naphtha Petroleum has proven experience with the necessary deepwater technologies and business relationships with leading operators in the development of […]
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The World Bank’s Board of Directors has approved a $ 212 million grant to Ukrhydroenergo for the manufacture of hybrid power generation systems. This was announced the day before by the press service of the World Bank. “The project will increase the flexibility of the Ukrainian energy system, which will help synchronize with the European […]
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The car manufacturer McLaren has introduced a new sports convertible McLaren 765LT Spider. The sports car is equipped with a 4-liter twin V-8 turbo engine with 755 horsepower and 590 Nm of torque. The car accelerates to 96 km / h in 2.7 seconds. The maximum speed reaches 280 km / h. It is reported […]
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Eli Lilly and Regeneron have applied to the Food and Drug Administration (FDA) for the permission to use emergency coronavirus drugs. Eli Lilly conducted clinical trials with the placebo group, as a result of which the drug has proven its antiviral action. Regeneron did not provide the research data, but the company’s drug was widely […]
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Entertainment Studios Networks owner Byron Allen has filed a $ 10 billion lawsuit against McDonald’s. According to The Wall Street Journal, the case concerns discrimination in advertising. According to the lawsuit, McDonald’s violated federal and state civil rights law by demonstrating “racial hatred and racial stereotypes” in the distribution of advertising media. According to the […]
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Recently, it was reported that the largest Romanian company Antibiotice is going to expand the scope of activities, and to develop a pharmaceutical market in Ukraine. According to the informed sources, the first office of the Romanian pharmaceutical company Antibiotice will be opened in the Vinnitsa region. This was agreed between the Antibiotice CEO and […]
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American JP Morgan Chase & Co. could pay the fine of nearly $ 1 billion in the connection with the US government’s investigation into the bank’s operations, reported Bloomberg. “JP Morgan Chase & Co. is preparing to pay nearly $ 1 billion due to the US government’s investigation of the market manipulations related to its […]
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A subsidiary of Alibaba Group – Ant Group – plans to attract $ 35 billion in the course on the Shanghai and the Hong Kong exchange. This was reported by Bloomberg. The IPO could be the largest in history, the agency emphasizes. The previous record holder, Saudi oil company Aramco, raised $ 29.4 billion. The […]
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Microsoft Corp. is in talks to buy Nuance Communications Inc., a developer of a speech and text recognition solution, for about $ 16 billion, several U.S. media outlets reported, citing informed sources. According to them, negotiations are at an advanced stage, and the announcement of the agreement may be made in the coming days. Microsoft […]
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The European Bank for Reconstruction and Development intends to provide the “Astarta” agro-holding a loan of $ 20 million. The money will be spent for modernization of sugar factories. This was said in the message of the bank. According to the report, the European Bank for Reconstruction and Development is considering the possibility to give […]
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On July 15, OPEC + countries decided at a meeting to gradually increase oil production due to improved demand. “During a meeting of the ministerial monitoring committee, both co-chairs, Russian and Saudi energy ministers Alexander Novak and Prince Abdulaziz bin Salman, said that demand for oil was recovering and production could be increased, but the […]
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If there is a sector in which Ukraine is objectively comparable to the leaders of the world rankings, it is agriculture. According to the «Food» and «Agriculture Organization», Ukraine ranks third in the world by percentage of cropland against the total county’s area. And according to the «National Master»(global statistics portal), Ukraine occupies the 4th […]
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Leaders of Yahoo have told that they refused from the realizing of the business to China’s Alibaba in the amount of $ 30 billion. The Company also thinks what they have to do with the Japanese peace of the business, which is estimated at $ 8.5 billion. (In the Japanese company they owns […]
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