GBP News 

Government quietly planning for Britain to stay in EU after March deadline, Eurosceptics fear

“The Government is secretly planning to stay in the European Union, Eurosceptics fear, after it emerged that Whitehall officials have set aside hundreds of thousands of pounds to spend on European Parliament elections” writes Chief Political Correspondent for telegraph.co.uk. The electoral watchdog has been handed a budget of £829,000 to pay for its “activities relating to a European Parliamentary election in 2019”, The Telegraph can disclose. The Electoral Commission said that it had set aside the cash as a “precautionary measure, so that we have the necessary funds to deliver our…

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Markets News Oil 

Iran, Poland have potential to benefit from complementary markets: envoy

“TEHRAN- Ambassador of the Republic of Poland to the Islamic Republic of Iran, Jaroslaw Marcin Domanski believes that Iran and Poland have complementary markets and strong potentials to strengthen mutual economic relations” reports tehrantimes.com. Iran oil can be easily processed in the Polish refineries and is a perfect product for us, on the one hand. Source: tehrantimes.com Share This:

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News Oil 

Officials list demands for staying in nuclear deal

“Macron also said he wanted Iran to complete the nuclear deal by signing a new framework agreement to cover ballistic missiles and its regional activities” writes Patrick Wintour for theguardian.com. Iran has said it will decide in the next few weeks whether to pull out of the nuclear deal signed in 2015 and start enriching uranium capable of making a nuclear bomb.The premise of the nuclear deal – officially called the Joint Comprehensive Plan of Action was to let Iran rejoin the global economy in exchange for denuclearisation.About 37% of…

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News 

EU privacy law heralds new era in online data protection

“Tanguy Van Overstraeten of Linklaters said the data portability right could raise issues of intellectual property” writes Midwest Communications Inc for 95kqds.com. The GDPR clarifies and strengthens existing individual privacy rights, such as the right to have one’s data erased and the right to ask a company for a copy of one’s data.Many privacy advocates around the world have hailed the new law as a model for personal data protection in the internet era and called on other countries to follow the European model.One key provision of GDPR, the right…

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News 

What the GDPR means for Facebook, the EU and you

“The GDPR requires businesses and organizations to obtain parental consent to process the personal data of children under the age of 16” reports cnet.com. Health care providers, insurers, banks and any other company dealing in sensitive personal data will also be on the hook.The regulation applies to a broad array of personal data, including a person’s name and government ID numbers.The GDPR requires companies that have lost control over customer data, or that’ve been hacked, to notify users within 72 hours. Source: cnet.com Share This:

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News 

Hate to break this to you, but you can’t just ignore GDPR any more

“The GDPR requires businesses and organizations to obtain parental consent to process the personal data of children under the age of 16” reports cnet.com. Health care providers, insurers, banks and any other company dealing in sensitive personal data will also be on the hook.The regulation applies to a broad array of personal data, including a person’s name and government ID numbers.The GDPR requires companies that have lost control over customer data, or that’ve been hacked, to notify users within 72 hours. Source: cnet.com Share This:

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News 

Facebook won’t pay compensation for Cambridge Analytica case

“Cambridge Analytica used the data of millions of Facebook users to target ads during political campaigns, including allegedly the U.S. presidential vote” writes The Associated Press for seattletimes.com. EU lawmakers said that would make Facebook liable for compensation toward EU users.BRUSSELS (AP) — Facebook said Thursday it will not compensate users in the scandal over the misuse of their personal data by political consultancy Cambridge Analytica.The answers were promised after testimony earlier this week by CEO Mark Zuckerberg in Brussels had left EU lawmakers frustrated about a lack of responses. Source:…

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News 

Facebook will push privacy alert to users outside EU ahead of GDPR

“Over the next few weeks, Facebook users outside of Europe will see a notice that walks them through privacy settings and explains how the company collects data” writes Heather Kelly for cnn.com. In March, news surfaced political data firm Cambridge Analytica collected personal data about 87 million people through a Facebook app.The EU’s General Data Protection Regulation, or GDPR, is a complex collection of rules meant to give users more transparency and control over their personal data. Source: cnn.com Share This:

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News 

GDPR is a shadow monster that can hunt down US firms

“Under the terms of GDPR, a company needs to report any data breaches to the regulators within 72 hours after it was found” reports alphastreet.com. GDPR is pretty complex that even the regulators are unsure how it is going to work.Europe is a major market for many US firms and they cannot ignore these regulations for long. Source: alphastreet.com Share This:

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