The preliminary agreement paves the way for Europeans’ personal information to be stored in the U.S.
announced the deal during Biden’s stop in Brussels while on a European tour amid Russia’s war in Ukraine.Business groups hailed the announcement, saying it will provide relief to thousands of companies, including tech giants like Google and Facebook, that faced uncertainty over their ability to send data between the U.S. and Europe, which has much stricter regulations on data privacy.
Von der Leyen said the agreement “will enable predictable and trustworthy data flows between the EU and the U.S., safeguarding privacy and civil liberties.” Along the way, a ruling by the EU’s top court struck down the Privacy Shield agreement covering transatlantic data transfers because it fell afoul of stringent data privacy standards in the 27-nation bloc. Companies were forced to rely on stock legal contracts to continue the transfers, while some scrambled to localize their data or suspend transfers.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Facebook, Google, Amazon, Apple to be Regulated as Europe Agrees Landmark Digital Markets ActThe powers of technology giants like Facebook owner Meta, Google, Amazon and Apple could be severely curbed as the European Union Council and European Parliament have reached a provisional politica…
Read more »
EU-U.S. data transfer deal cheers business, but worries privacy activistsThe European Union and the United States announced a preliminary data transfer deal on Friday, seeking to end the limbo in which thousands of companies found themselves after Europe's top court threw out two previous pacts due to concerns about U.S. surveillance.
Read more »
EU, US data-storage deal worries privacy activistsThe European Union and the US announced a preliminary data transfer deal on Friday, seeking to end the limbo in which thousands of companies found themselves after Europe’s top court threw ou…
Read more »
EU and U.S. agree new data-sharing pact, offering some respite for Big TechThe European Union and U.S. on Friday announced they had agreed 'in principle' a new framework for cross-border data transfers.
Read more »
EU strikes gas deal with the U.S. as it seeks to cut its reliance on RussiaIt comes amid concern that energy-importing countries continue to top up President Vladimir Putin's war chest with oil and gas revenue on a daily basis.
Read more »
U.S. Reaches Liquefied Natural Gas Deal With EU To Reduce Europe’s Reliance On RussiaThe U.S. will supply an additional 15 billion cubic meters of liquefied natural gas to the EU this year, Biden said.
Read more »