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% […]
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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 […]
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Shares of Starbucks recovered from losses of February and March due to the pandemic and rose by 19.7% over the past 6 months. But shares fell again after the publication of the quarterly report, which ended September 30. Starbucks revenue and profit for the 4th quarter of fiscal 2020 showed a strong jump in growth […]Next
Shares of Uber, which rose on 16.7% since the beginning of the year, fell 2.65% after the close of trading on Thursday, in response to the results of the second quarter. Uber management called the quarter “the hardest in history”, given the sharp drop in passenger traffic due to the COVID-19 pandemic. At the same […]Next
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During trading on Monday, October 11, the price of a barrel of Brent oil rose by 2% to $ 84.01. She reached this mark for the first time since October 2018. US WTI oil rose by $ 1.62 to $ 81.3 – the highest price since 2014, according to Reuters. It is noted that Brent […]Next
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TikTok and one of its employees sued the administration of US President Donald Trump on Monday, because of his decree of a banning video service transactions in the United States, calling it a reason to incite anti-Chinese rhetoric as he seeks to win the election. TikTok Company of Culver City, California, and its Chinese parent […]Next
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In the 9th year AD, the Roman proconsul Publius Quinctilius Varus returned to the German provinces with three legions to suppress the rebellion of the tribe. He did it successfully three years earlier – but this time, the enemy has decided to change strategy, and the legions were destroyed. Last cry of Varus is known […]Next
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