Facebook has always shared the principles of a strict data protection law being introduced by the European Union this week, CEO Mark Zuckerberg said Thursday. Zuckerberg said that Facebook provided control, accountability and transparency about how data is used, referring to values enshrined in the EU’s General Data Protection Regulation (GDPR). “These are values that […]
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Iran's Supreme Leader just made 5 tough demands for Europe to save the nuclear deal
Iranian Supreme Leader Ayatollah Ali Khamenei has issued five demands to Europe that would be difficult for the Continent’s leaders to meet as they seek to salvage a 2015 nuclear accord. The European Union is engaged in high stakes talks with Tehran after President Donald Trump abandoned the Iran nuclear deal, putting the international agreement […]
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Watch Facebook's Mark Zuckerberg speak at Viva Tech 2018 as concerns over data protection heighten
[The stream is slated to start at 11:30 a.m. ET. Please refresh the page if you do not see a player above at that time.] Mark Zuckerberg is speaking at the Viva Technology conference amid heightened concerns over how Facebook handles user data. The social network’s co-founder and chief executive is speaking to Maurice Levy, […]
Read moreGeopolitical turmoil and policy certainty are combining to make businesses more cautious about investing, Richmond Fed President Raphael Bostic said Thursday. With nuclear talks between the U.S. and North Korea breaking down, the central bank leader said the development was “a surprise” and part of “downside risks” for the economy. “Uncertainty has its own contribution,” […]
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Spain economy minister says he's not concerned about Italian bond market contagion
Spanish Economy Minister Roman Escolano is not concerned about the recent sell-off in the Italian bond markets, saying there is little contagion to other European markets like Spain. Lower sovereign bond yields in Spain, compared to a spike in Italy, reflect the “good fundamentals of the Spanish economy,” he said. A rise in yields — […]
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Uber ‘moving in the right direction’ and will hopefully keep London license, exec says
Uber has taken steps to improve its business model and is hopeful it will regain its license to operate in London, the firm’s head of EMEA said Thursday. “London is a very important and strategic market for us, obviously,” Pierre-Dimitri Gore-Coty told CNBC’s Karen Tso. “I think the situation in London is a good example […]
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IN THE early 1970s, leftist guerrillas in Argentina discovered a lucrative new way to make money: kidnap millionaires. Panicking firms would agree to huge ransoms, more concerned with freeing their executives than driving down the fee. That was not just bad for businesses. It also became a textbook case of how poor negotiating can send […]
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A RECENT tweet from Elon Musk, the boss of Tesla, an electric-car firm, shows footage of a Model X undergoing rollover testing. The SUV is propelled rapidly sideways on a trolley before encountering a sand trap that stops it suddenly, tipping the car. The Tesla teeters between ending up on its roof or settling back […]
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AUDITS get noticed only when things go wrong. Last week British MPs issued a scathing attack on KPMG, an auditor, for failing to avert the collapse of Carillion, a contracting company. South African authorities are looking into Deloitte’s audit of Steinhoff, a retailer. PwC, another auditor, could face a court-damages verdict for hundreds of millions […]
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“PLEASE don’t leave us.” From the dozens of e-mails in people’s inboxes, begging them to give their consent to be sent further messages, you could deduce that the senders of newsletters and the like are hardest hit by the European Union’s tough new privacy law, the General Data Protection Regulation (GDPR), which goes into effect […]
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