The European regulator on personal data protection has sent a preliminary order to American Facebook to stop the transfer of data of its users in the United States, according to the Wall Street Journal, citing sources familiar with the situation.
“The EU’s privacy regulator has sent a preliminary order to Facebook for suspending the transfer of data from its users to the United States,” the statement said. One source said that the previous order was sent by the Irish Commission for the Protection of User Data on Facebook at the end of last month.
The newspaper notes that Facebook will probably have to reorganize its service or temporarily suspend service to European users. The sources clarified that the Irish regulator gave Facebook the time to respond until mid-September. In case of failure of the request, the regulator has the right to fine Facebook in the amount of 4% of the company’s annual revenue, ie $ 2.8 billion.
“The lack of secure, reliable and legal international data transfer could harm the economy and prevent the emergence of EU-based businesses,” – The words of the head of Facebook’s policy and communication department Nick Clegg.
Shares of Amazon, which rose by 73.8% since the beginning of the year (more than the growth of Apple, Microsoft, Google and Facebook), fell 2% after closing trading on Thursday, when the company released a report for the 3rd quarter, which ended September 30. Amazon set a new revenue record, e-commerce increased sales by 57% […]
According to trading data, securities of the microblogging service Twitter Inc. after the close of the main trading session in the US fell in price by more than 17%, also according to financial statements, in the red were the shares of US technology giants Amazon, Apple and Facebook, only Alphabet reporting pleased investors. Thus, shares […]
In the last week of October, investors expect a lot of news, as more than one-third of the components of the S&P 500 index, or 186 companies, must report financial results for the third quarter. The information field is even richer given the election race in the United States, the situation with the pandemic and […]
On Tuesday, shares of the four largest US technology companies declined, as the 16-month government investigation of their competitive practices led to the first results in the form of 449-page report on their abuse of the market power. Shares of Apple, Amazon, Facebook and the parent company Google Alphabet fell to 2.9%, 3%, 2.26% and […]
Panasonic has announced plans to invest $ 150 million in machine learning technology and artificial intelligence systems based on neural networks. The Japanese electronics manufacturer plans to invest part of the funds allocated under the venture fund Conductive Ventures II in promising developers of software and equipment for various industries, incl. autopilot, finance, digital healthcare, […]
On Tuesday, Chinese Foreign Minister Wang Yi presented the government’s initiative to implement global data security standards, “golden rules” which should be applied by Chinese and other companies around the world. Among a number of points, the key ones are: preventing the illegal receipt of confidential personal information, ensuring the storage user`s data on the […]
During trading on Thursday, Apple’s market of the capitalization fell by 8%, which means a loss of almost $ 180 billion. This is a record daily cost reduction for any company in the history of the American market. However, Apple’s capitalization still significantly exceeds of $ 2 trillion. Excluding 2020, the previous anti-record was set […]
The Cabinet of Ministers at a meeting on Wednesday, August 4, approved an energy security strategy. During the presentation of the document, Energy Minister Herman Galushchenko said that the strategy identifies, in particular, 29 threats to energy security, the key of which are cyber threats, Russian aggression, depreciation of fixed assets, lack of energy reserves, […]Next
Historic Howard Theatre, which is located in northwest Washington (DC), owed the government more than $ 260,000 over unpaid taxes. Several years ago, the theater had a reconstruction, which cost the sum of $ 29 million. After the reconstruction of the theater, it was opened to the public in 2012. Officials say that the theater […]Next
On Monday, PepsiCo announced its second fiscal quarter which ended on June 30. The results exceeded Wall Street expectations but were mixed. On the one hand, sales of food and snacks increased as consumers bought snacks for breakfast and home-made goods. On the other hand, sales of beverages decreased because large sales channels such as […]Next
The company plans to raise $ 2.1 billion of investments in a new round of funding. All the necessary documents have been drawn up and passed in Delaware. The world’s largest taxi service Uber, which head office is based in San Francisco, plans to spend the funds on its expansion, service development in Asia and […]Next
On Thursday, Advanced Micro Devices Inc. has introduced the long-awaited line of four next-generation Ryzen 5000 series CPUs for the desktop PCs, based on the new Zen 3 architecture. Ryzen 5000 series products are based on the 7-nm manufacturing process of the Taiwan Semiconductor and designed for the computer gamers and the content creators. AMD […]Next
According to CoinDesk, the price of the most popular cryptocurrency – bitcoin – has updated the historical maximum three times in a few hours, exceeding 47 thousand dollars. Thus, the value of one coin reached its peak on the night from Monday to Tuesday, February 9, and amounted to 47,143 dollars. In general, over the […]Next
Does Ukraine tend to the trends of world markets in the development of pharmacy networks? Is this business segment is highly refrained? How do it`s network profits are generated – at the expense of price indicators or through the expansion of the network in as many regions as possible? Statistics According to the consulting company […]Next
Amazon announced on Wednesday the expansion of its Amazon One payment system at Whole Foods stores in Seattle. Amazon One technology was introduced by the company last September and, according to Amazon, it “makes the payment process easy and fast.” Unlike previous Amazon Go technology in stores of the same name, consumers do not need […]Next
In September 2016, the Ukrainian government will open an office, which is financially supported by private equity fund for support investment from abroad. It is about WNISEF (Western NIS Enterprise Fund), which was established in 1994 with a capital of $ 150 million, for the amount, which was paid by the US government. This kind […]Next
According to the National Bureau of Statistics of China, the country’s GDP grew by 4.9% year on year in the third quarter. China’s economy is recovering the fastest in the world from the COVID-19 pandemic – GDP decline by closing factories and quarantine in the first quarter of the year already fully compensated, and the […]Next
December 7, 2015 in Kiev in Radisson Blu Hotel passed a regular consultation meeting Overseas Security Advisory Council (OSAC). OSAC is an advisory body on security of US citizens and businesses abroad. It operates under the auspices of the US State Department. OSAC activities abroad aimed at cooperation in the security business. The composition of […]Next
By the last calculations, Donald Trump has won in the USA elections . The majority of world editions have reported already about it which reputation don’t allow doubting the validity of this information . As the Air Force reports, for the time being, the candidate of republicans has collected 278 votes of delegates. Hilary Clinton […]Next
Confectionery Corporation “Biscuit-Chocolate” has invested € 8 million in the development of the production capacity in 2015. This is stated in the report of the corporation. According to the President of the corporation Alla Kovalenko, investments were directed including the introduction of new technologies, enabling enterprises to manufacture products that are still not produced in […]Next
The TMT Investments Company has sold a 7.1% stake in the Depositphotos company to the private European investor, whose name was not disclosed. The deal amounted to $ 5.85 million. Thus, the overall assessment of the Ukrainian company, according to the terms of this transaction, is approximately $ 82 million. TMT will use the proceeds […]Next
A serious scandal, which erupted in the Ternopil region, and subsequently has covered the whole territory of Ukraine, continues to grow. In the night of 2 to 3 July 2016, on the motor company which is owned LLC GLOBAL FID, attacked by a group of armed young people, in an amount of about 50 people, […]Next
Українські металурги звернулися за допомогою до президента країни Володимира Зеленського через найбільшу кризу в історії галузі. Про це йдеться у відкритому листі ОП Укрметалургпром. “Сьогодні ГМК переживає найважчий стан за всю історію незалежності України. Це пов’язано з високими логістичними витратами та стрімким зростанням тарифів на залізничні перевезення в Україні (+141% для руди/вугілля/коксу та +70% для чорних […]Next