EU seals new US data transfer pact, but challenge likely

  • 📰 Reuters
  • ⏱ Reading Time:
  • 11 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 97%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

The European Commission announced a new data transfer pact with the United States on Monday, seeking to end the legal uncertainty plaguing thousands of companies that transfer personal data across the Atlantic.

The move was immediately criticised by non-profit group noyb, led by privacy activist Max Schrems, which said it would challenge the agreement.

The commission, the EU's executive arm, said measures taken by the United States ensured an adequate level of protection for Europeans' personal data transferred across the Atlantic for commercial use.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in BUSÄ°NESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

EU seals new US data transfer pact but challenge aheadThe European Commission announced a new data transfer pact with the United States on Monday, seeking to end the legal uncertainty plaguing thousands of companies which transfer personal data across the Atlantic.
Source: Reuters - 🏆 2. / 97 Read more »

India to hold trade deal talks with UK, European nations on July 10-11India's trade minister will hold talks in the UK on a free trade deal with Britain and meet ministers from the European Free Trade Association from July 10 to 11, the Ministry of Commerce and Industry said on Sunday.
Source: Reuters - 🏆 2. / 97 Read more »

Eramet in talks with European carmakers over Argentina lithium plan, CEO saysFrench mining group Eramet is in talks with several European carmakers over commercial agreements that would help the company finance its lithium production project in Argentina, Chief Executive Officer Christel Bories said.
Source: Reuters - 🏆 2. / 97 Read more »

European firms look for footing in China-U.S. spat, French execs sayEuropean firms are concerned they could get caught in the cross-fire of rising economic rivalry between the United States and China, with some officials at a French business conference also frustrated at Europe's slowness in crafting a response.
Source: Reuters - 🏆 2. / 97 Read more »