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EU To Investigate How Facebook Collects And Monetizes Personal Data

“Apart from Google, EU regulators have now also got their eyes on Facebook and are investigating how the tech giant collects and monetizes its data” writes Natasha Mathur for mashable.com. The European commission executive told Reuters that questionnaires had been sent as part of preliminary investigations into Facebook and Google’s data.Facebook Apart from Facebook, Google has also faced a similar EU probe where the antitrust regulators are investigating Google’s collection of data.The EU regulators zoomed in on the data collected by Facebook for marketing and advertising services.The EU executive told…

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Facebook warns EU regulators seeking data access about privacy, liability risks

“We will not proceed unless regulators are satisfied, particularly U.S. regulators are satisfied, that we have ticked all the boxes,” he said” writes Midwest Communications Inc for 95kqds.com. BRUSSELS (Reuters) – Facebook warned European Union regulators on Monday against forcing tech giants to open their vast troves of data to rivals, saying such a move would carry privacy and liability risks.Clegg said there was also the question of liability, and who would bear the responsibility if things went wrong.”There is a fundamental tension between transferring people’s data, particularly when your…

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Policy Daily Review December 2, 2019

Policy Daily Review for December 2, 2019 Dutch Police Arrest Suspect In Hague Stabbing Topline: Dutch Police arrested a 35-year-old homeless man on suspicion of stabbing three teenagers at The Hague on Saturday as authorities say there i   ECB’s De Guindos: Global financial stability risks are increasing In his closing remarks delivered at the VIII High-level Policy Dialogue between Eurosystem and Latin American central banks, Luis de Guindos, Vice-Pre   Police are dealing with an incident on London Bridge with reports of shots fired Police in London said Friday…

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Policy Daily Review November 29, 2019

Policy Daily Review for November 29, 2019 ECB’s Coeure: Central banks cannot be at forefront in fighting climate change Central banks are lagging behind the curve and have only just started incorporating the effects of climate change into their models, European Central   USD/JPY: Off higs, BOJ’s Kuroda calls for structural reforms USD/JPY is currently trading at session lows near 109.46, having hit a high of 109.60 three hours ago. The pair is pulling back, possibly tracking the   ECB Board nominee Schnabel: September stimulus can be justified by current…

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Policy Daily Review November 27, 2019

Policy Daily Review for November 27, 2019 Euro Forecast: On Weak Footing as November Winds Down; No ECB Rate Cuts Due The Euro has lost modest ground thus far in November, even as ECB rate cut expectations have evaporated for the next 12-months.   The White House and Congress are barreling toward another government shutdown deadline | Markets Insider The White House and Congress secured a temporary spending fix in the eleventh hour last week. But that runs only through the next three weeks, s…   US should rethink its…

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Policy Daily Review November 26, 2019

Policy Daily Review for November 26, 2019 ECB Mersch: We should not breach our promise of no further capital requirements on aggregate European Central Bank’s Yves Mersch is crossing the wires. Key comments We should not breach our promise of no further capital requirements on aggrega   ECB speakers (Lane): Need to be be careful when reading yield curve – full speech Philip Lane’s full speech. Key notes Need to be careful when reading the yield curve. More to come…   Google fires four employees for ‘clear and repeated violations’…

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Policy Daily Review November 25, 2019

Policy Daily Review for November 25, 2019 What next for ECB Monetary Policy, the EU Economy, EUR/USD? -Subscribe to DailyFX: https://www.youtube.com/DailyFXNews?sub_confirmation=1 Chief Eurozone Economist at Pantheon Macroeconomics Claus Vistesen discusses hi…   CME OPEC Watch Tool: Probability of OPEC+ maintaining output cuts stands at 81.51% According to the latest CME OPEC Watch Tool, the probability of the OPEC+ maintaining the output cut policy at its December meeting stands at 81.51%.   IMF: BOJ should target shorter maturity yields to ease banking-sector strain In its Article 4 policy proposal to Japan…

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Dozens of infant deaths have been tied to a popular baby product. But regulators are too paralyzed to act.

“And health sciences staff avoided delving again into the number of deaths tied to crib bumpers” writes This Story Was for seattletimes.com. The prospect of the health sciences staff investigating crib bumpers worried some officials at the product safety agency.The memo methodically laid out how health sciences staff whittled down the death toll likely attributable to crib bumpers.The CPSC health sciences directorate’s stance on crib bumpers, which wrap inside a crib and are marketed as products that protect babies, is unusual. Source: seattletimes.com

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US regulators bar govt telecom funds for Huawei, ZTE

“U.S. communications regulators have cut off government funding for equipment from two Chinese companies, citing security threats” writes The Associated Press for seattletimes.com. The Federal Communications Commission also proposed requiring companies that get government subsidies to rip out any equipment from Huawei and ZTE that they already have in place. A congressional report in 2012 labeled both Chinese companies as security risks.A trade group for small rural wireless carriers has said that it would cost up to $1 billion for its dozen companies to replace their Huawei and ZTE equipment. Source:…

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