Tag: Brexit

Brexit Britain Is Failing EU’s Data-Privacy Test, Activist Warns

(Bloomberg) — U.K. privacy protections were criticized by an activist who told the European Union that the British shouldn’t be trusted to protect user data after Brexit.



a close up of a cage: Light trails from network switches illuminate fiber optic cables, center, and copper Ethernet cables inside a communications room at an office in London, U.K., on Monday, May 21, 2018. The Department of Culture, Media and Sport will work with the Home Office to publish a white paper later this year setting out legislation, according to a statement, which will also seek to force tech giants to reveal how they target abusive and illegal online material posted by users.


© Bloomberg
Light trails from network switches illuminate fiber optic cables, center, and copper Ethernet cables inside a communications room at an office in London, U.K., on Monday, May 21, 2018. The Department of Culture, Media and Sport will work with the Home Office to publish a white paper later this year setting out legislation, according to a statement, which will also seek to force tech giants to reveal how they target abusive and illegal online material posted by users.

The personal data of EU citizens “do not at present have an adequate level of protection in the U.K.,” Johnny Ryan, a senior fellow at the Irish Council for Civil Liberties, wrote in a letter to the European Commission on Monday.

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U.K. Set for Brexit Tussle With EU Over Virgin-O2 Phone Deal

(Bloomberg) — Britain’s deals watchdog said it’s “only right” that it gets to review a tie-up between Liberty Global Plc and Telefonica SA in the nation, setting up a regulatory tussle with the European Union as the U.K. and EU leaders clash over their future relationship.



a hand holding a cellphone: The 02 website, of Telfonica SA's U.K. unit, sits on a mobile phone held in front of a Virgin Media logo, a unit of Liberty Global Plc, on a television in this arranged photograph near Guilford, U.K., on Monday, May 4, 2020. Telefonica and John Malone's Liberty Global have never been closer to finally creating the U.K.'s biggest telecom operator after flirting with various combinations over the years.


© Bloomberg
The 02 website, of Telfonica SA’s U.K. unit, sits on a mobile phone held in front of a Virgin Media logo, a unit of Liberty Global Plc, on a television in this arranged photograph near Guilford, U.K., on Monday, May 4, 2020. Telefonica and John Malone’s Liberty Global have never been closer to finally creating the U.K.’s biggest telecom operator after flirting with various combinations over the years.

The Competition and Markets Authority asked the European Commission to transfer a probe into Liberty Global’s plan to merge its Virgin Media unit with Telefonica’s O2 in the U.K. The EU’s competition regulator, which

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Cambridge Analytica ‘Did Not Influence Brexit Referendum’

Cambridge Analytica’s harvesting of Facebook data didn’t affect the UK’s Brexit referendum as the data related to US rather than British voters, an investigation has concluded.

According to a report from the Information Commissioner’s Office (ICO), parent company SCL and Global Science Research – which obtained the data of Facebook users and their friends through a quiz app – appear to have considered targeting UK voters, but abandoned the idea.

“From my review of the materials recovered by the investigation I have found no further evidence to change my earlier view that SCL/CA were not involved in the EU referendum campaign in the UK – beyond some initial enquiries made by SCL/CA in relation to UKIP data in the early stages of the referendum process,” writes information commissioner Elizabeth Denham.

“This strand of work does not appear to have then been taken forward by SCL/CA.”

The report concludes a

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Johnson and Von der Leyen extend Brexit talks by a month

Video: “Brussels begins legal proceedings over Johnson’s Brexit Bill” (Evening Standard)

“Brussels begins legal proceedings over Johnson’s Brexit Bill”

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Boris Johnson and Ursula von der Leyen have approved a further month of Brexit negotiations after agreeing that enough progress has been made to justify a last push to reach a deal on trade and security.



Boris Johnson, Ursula von der Leyen are posing for a picture: Photograph: Stefan Rousseau/PA


© Provided by The Guardian
Photograph: Stefan Rousseau/PA

The EU’s chief negotiator, Michel Barnier, will travel to London this week for talks with his British counterpart David Frost, and the two sides will then hold follow-up talks in Brussels the week after.

The fresh rounds were agreed following a phone call on Saturday afternoon between the British prime minister and European commission president. EU sources said the conversation was “not a game-changer” but not “unhelpful” with both sides showing resolve to find landing zones on the most difficult areas.

Ahead

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Boris Johnson to speak to EC chief on Saturday in last-ditch Brexit talks

Video: EU takes action over UK’s blow to Brexit bill (Reuters)

EU takes action over UK’s blow to Brexit bill

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Boris Johnson and the European commission president, Ursula von der Leyen, will speak on Saturday afternoon for the first time since June, it has been announced, in an eleventh-hour attempt to find common ground on a trade and security deal.



Boris Johnson, Ursula von der Leyen wearing a suit and tie: Photograph: Henry Nicholls/Reuters


© Provided by The Guardian
Photograph: Henry Nicholls/Reuters

After the latest and last scheduled round of negotiations in Brussels, a Downing Street spokesman said the prime minister would “take stock of negotiations and discuss next steps” with the commission president.

After their last meeting, Johnson had declared it time to put a “tiger in the tank” of the negotiations. The prime minister had insisted it was even possible to strike a deal before the summer was out.

Three months have since passed and while EU

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Arm and Brexit Challenge U.K. ‘Tech Sovereignty’

Britain’s EU trade talks — and possibly a future trade deal with the U.S. — are poised on a knife’s edge. Prime Minister Boris Johnson and his chief advisor, Brexit campaign mastermind Dominic Cummings, believe the EU’s rules governing subsidies and other state aid to industry get in the way of post-Brexit Britain becoming a science and technology powerhouse. They are threatening to walk away from the trade talks, and to break the U.K. treaty commitments, to avoid the EU’s rules. 

On one level, this seems an odd fight to pick. It’s not that Britain lacks innovation — as the spinoff of Arm from the now defunct British computing company Acorn shows. On the contrary, the U.K. has a thriving startup scene — at least, by European standards. By the end of 2019, the U.K. had 77 startups valued at more than $1 billion, more than twice as many as

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Dominic Cummings’ plan to build UK Google after Brexit is ‘simplistic’: Tech critics

  • UK Prime Minister Boris Johnson’s top adviser, Dominic Cummings, is claiming a no-deal Brexit will allow the country to fund its own “trillionaire” tech champion, sources say.
  • According to Cummings, a no-deal will free the UK of EU rules that prevent it from pouring money into selected “national winners.”
  • But sources say Cummings has not consulted the broader tech industry about this plan, and that a no-deal Brexit will cause greater damage to the sector than leaving the EU with a trade deal.
  • “Are we assuming the UK government is a better custodian than Google?,” one source said. “It’s a bit of a simplistic way of thinking about technology.”
  • Visit Business Insider’s homepage for more stories.

UK Prime Minister Boris Johnson’s top adviser, Dominic Cummings, sees a looming no-deal Brexit as a chance for the government to fund a technology giant akin to Google or Facebook.

One insider at the

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Stock Markets Today: Tech Stocks, Tesla, Brexit, Vaccine Trial

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Good morning. The tech selloff intensifies, the U.K. government sparks outrage and a vaccine trial is halted. Here’s what’s moving markets.

Correction

The selloff in U.S. tech shares picked up steam as the Nasdaq 100 index dropped 4.8% on Tuesday, leaving it around 11% off the record it hit a week ago as mega-cap names like Apple Inc., Microsoft Corp. and Facebook Inc. all slumped. Their drops were left in the dust, however, by Tesla Corp.’s 21% plunge, which took a hefty toll on Elon Musk’s wealth. Nasdaq futures have settled down going into Wednesday and investors are left nursing their wounds. That includes bond bears, those who tried to buy the dip and Japan’s SoftBank Group Corp., which slid again in Tokyo after it had made big bets on derivatives in tech stocks

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European equities sapped by Brexit fears, energy and tech stocks slide

(Reuters) – European shares fell on Tuesday on fears that Britain was in danger of leaving the European Union without a trade agreement, with energy firms and technology stocks among the biggest decliners.

FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, September 4, 2020. REUTERS/Staff

The oil & gas sub-index .SXEP tumbled 3.7% marking its worst day in nearly 11 weeks, as oil prices plunged over 8% on demand worries. [O/R]

As tech firms on Wall Street deepened a selloff from last week, European tech stocks .SX8P slipped 2.1%, giving back a chunk of the previous session’s gain. [.N]

“Stocks in Europe had free rein yesterday as the U.S. exchanges remained closed because it was Labour Day. The weakness that we saw in big U.S. tech names last week, is still in play, and that is driving sentiment over here,”

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Equities tumble as Nasdaq, Brexit concerns mount; bonds rally

By David Randall

NEW YORK (Reuters) – Global equity markets and oil prices tumbled Tuesday as a sharp sell-off in technology stocks and rising concerns over the U.K. leaving the European Union without a trade agreement threatened to stall a rally that had pushed world shares near record highs despite the coronavirus pandemic.

Fresh tensions between Washington and Beijing after U.S. President Donald Trump again raised the idea of decoupling the U.S. and Chinese economies also came into focus but appeared to have little impact.

“I think the market will shrug this off as electioneering but may find the lining up of technology stock sellers harder to process as the U.S. market returns from a holiday yesterday,” said Chris Bailey, European Strategist at Raymond James.

MSCI’s gauge of stocks across the globe <.MIWD00000PUS> shed 1.55% following broad declines in Europe and modest gains in Asian markets.

In morning trading on Wall

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