Update: EU executive, US strikes transatlantic data transfer pact
Published Tue, Feb 2, 2016 · 03:56 PM
[BRUSSELS] The European Commission said on Tuesday that it had struck a deal with the United States on a new transatlantic data transfer pact to prevent EU regulators from restricting data transfers by firms.
"We have a deal," Commission spokesman Christian Wigand said on Twitter.
Earlier on Tuesday, sources told Reuters that the two sides were close to an agreement.
REUTERS
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
UK wage growth and services inflation too high for rate cut, BOE’s Greene says
US to reduce licensing by 80% for UK, Australia to boost Aukus
IMF tells Asian central banks not to follow Fed too closely
UN chief warns Mideast on brink of 'full-scale regional conflict'
IMF boss says ‘all eyes’ on US amid risks to global economy
UK financial sector seeks stronger accountability of regulators