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Transcripts For BBCNEWS Business Briefing 20240713

We start in the tiny state of luxembourg where a legal battle between privacy campaigners and tech giants including facebook reaches a critical moment today. What the European Court ofjustice is advised by one of its top lawyers could affect how the personal data of hundreds of millions of people is handled. Its all about the rules which allow companies to transfer peoples data out of the European Union primarily to the us where most tech giants are based. Its being driven by austrian activist max schrems this who first challenged facebook over privacy as a young law student eight years ago. In 2015 he successfully challenged the eus old system of safeguarding its citizens data when it was transferred to the us arguing it wasnt good enough. If the court agrees that the eus latest system isnt up to scratch then thousands of companies from tech firms to banks to carmakers would have to stop exporting eu citizens data. Under new general Data Protection regulations gdpr they could be fined

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Transcripts For BBCNEWS Business Briefing 20240714

We start with a hearing in europes top court, which will have huge implications for hundreds of thousands of companies with european operations. In a landmark case, the European Court ofjustice in luxembourg will decide whether the way facebook transfers personal data to the us should be outlawed. The court will hear arguments by austrian privacy activist max schrems, who claims the Us Government doesnt sufficiently protect europeans data when its shipped across the atlantic. The case comes four years after mr schrems brought down safe harbour, a Previous Data sharing deal worth billions of euros between europe and the United States. At stake now is the legality of so called standard contractual clauses, complex mechanisms which allow facebook and thousands of other companies to move data freely from europe to the us and elsewhere. While the European Commission considers the system legal, mr schrem and his legal team are expected to argue that it runs against eu privacy rules because i

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Transcripts For CNNW CNN Newsroom Live 20180528

From cnns world headquarters, newsroom starts right now. And at this hour, a team of u. S. Diplomats and officials are in north korea. Their mission there is to lay the groundwork for the upcoming summit between those two nation. And that summit still may or may not happen. Earlier in the week u. S. President donald trump pulled the plug on the meeting over some hostile comments made by north korean officials. But here is the thing. On saturday, he hinted to reporters that after the surprise meeting between north and south korea, the leaders there, the summit may be back on. And another clue. A u. S. Advanced team has also left for singapore where the june 12th summit is set to take place if it happens. And lets take a look at all of this. We want the bring in Paula Hancocks who joins us from seoul, south korea. So paula, despite President Trump cancelling the summit meeting thursday, it now appears to be back on track for june 12, as originally scheduled. And this u. S. Delegation is

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Meta pauses AI models launch in Europe due to request from Data commissioner - Homepage

The move by Meta came after complaints and a call by advocacy group NOYB to data protection authorities in Austria, Belgium, France, Germany, Greece, .

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Meta delays AI launch in Europe as it faces complaints over data protection

Meta postpones AI model launch in Europe following Irish regulator's guidance on data use, amid privacy concerns.

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