Search Results for: European Commission
EU top court invalidates EU-US data transfer agreement over surveillance concerns
July 23rd, 2020
The European Union’s top court ruled on Thursday that an agreement with the US allowing for the transfer of personal data from the bloc to Washington is invalid because of surveillance concerns. The European Court of Justice (ECJ) ...
TikTok faces scrutiny from EU watchdogs over Data practices
June 12th, 2020
TikTok, ByteDance Ltd.’s social media app, is facing broader scrutiny over its privacy policies, following a decision by the European Union’s data protection chiefs to coordinate potential investigations. Wednesday’s announcement by a panel of EU authorities follows the decision ...
Euro hits 3-month high on Friday
June 5th, 2020
The euro jumped to a three-month high on Friday after the European Central Bank expanded its stimulus more than expected to prop up an economy dealing with its worst recession since World War Two. The ECB’s move supported appetite ...
Europe stocks sink on fears coronavirus is spreading in Italy
February 24th, 2020
European stocks were sharply lower Monday as investors focus on the continuing spread of the coronavirus and watch as Italy grapples with the largest outbreak outside of Asia. The pan-European Stoxx 600 plunged 3.5% by mid-morning, with travel and ...
Facial recognition technology breaches GDPR says Vestager
February 19th, 2020
Margrethe Vestager, EU’s tech chief Margrethe Vestager said on Thursday that facial recognition technologies breach the need to give consent, which is stipulated in Europe’s data protection rules (GDPR). However, the Commissioner backed their use in case of public ...
Data protection fines hit £100m during first 18 months of GDPR
January 23rd, 2020
European countries have imposed approximately €114 million (£97 million) in data protection fines on businesses since revamped laws came into force in May 2018. Regulators have received 160,000 data breach reports, with UK firms third-most reported across Europe Approximately ...
Internet provider faces big GDPR fine for lax call centre checks
December 30th, 2019
A German internet service provider faces a €9.6m ($10.6m; £8m) fine after being accused of failing to carry out tough enough customer ID checks. Germany’s data protection watchdog said anyone who called 1&1 Telecom could get extensive personal information ...
Parliament keeps up pressure to tax digital economy more fairly
December 20th, 2019
MEPs press EU to engage fully in international efforts to tax the digital economy, while still being prepared to act at EU level if global plans fail. As international talks at OECD level on taxation systems for the digital ...
Sterling rebounds on data surprise, Brexit hopes
September 9th, 2019
Sterling rebounded from early lows on Monday and headed toward a five-week high on Monday as surprisingly strong data and growing optimism that Britain will not crash out of the European Union without a deal boosted demand for the ...
Facial recognition use triggers GDPR fine
August 30th, 2019
Sweden’s Data Protection Authority has issued its first fine for violations of the European Union’s General Data Protection regulation after a school launched a facial recognition pilot program to track students’ attendance without proper consent. The country’s privacy authority ...
