We interviewed GraniteShares' CEO Will Rhind from New York, soon after they launched a suite of ETP's which allow you to invest in three different baskets of giant US tech stocks. Watch the full video here.

Less Ads, More Data, More Tools Register for FREE
AIM IP specialist Tekcapital to sell or float all four portfolio companies 'within 2 years'
AIM IP specialist Tekcapital to sell or float all four portfolio companies 'within 2 years'View Video
GraniteShares making investing in US tech stock giants easier with innovative FAANG ETP
GraniteShares making investing in US tech stock giants easier with innovative FAANG ETPView Video

Latest Share Chat

UPDATE 2-Irish High court freezes probe into Facebook's EU-U.S. data flows

Mon, 14th Sep 2020 16:31

(Adds Facebook comment)

DUBLIN, Sept 14 (Reuters) - Ireland's High Court on Monday
temporarily froze a probe by Facebook's lead European
Union regulator that threatened to halt the U.S. social media
giant's transatlantic data flows, a court spokesman said.

Facebook had sought a judicial review of the Irish Data
Protection Commission's preliminary decision that the mechanism
it used to transfer data from the European Union to the United
States "cannot in practice be used."

"Leave to take the Judicial Review was granted," the court
spokesman said.

"A stay was put on the Section 11 order," he added,
referring to the Data Protection Commission order that
threatened to block the data flows. No date has yet been set for
the matter to return to the court, he said.

A Facebook spokeswoman welcomed the court decision.
"Businesses need clear, global rules, underpinned by the strong
rule of law, to protect transatlantic data flows over the long
term," she said.

In seeking to derail the Irish regulator's decision,
Facebook has said the mechanism in question, the Standard
Contractual Clause (SCC), had been deemed valid by the Court of
Justice of the European Union in July.

However, the July ruling also said that under SCCs, privacy
watchdogs must suspend or prohibit transfers outside the EU if
data protection in other countries cannot be assured.

The transatlantic argument stems from EU concerns that the
surveillance regime in the United States may not respect the
privacy rights of EU citizens when their personal data is sent
to the United States for commercial use.

Standard Contractual Clause are used by thousands of
companies to transfer Europeans' data around the world and a ban
could cause widespread disruption to transatlantic data
services.

Max Schrems, the data privacy activist who is a party in the
case, said that Facebook had argued it needed more time to
respond and that it would be unfair that the Irish regulator was
only targeting Facebook and not other tech companies.

A Data Protection Commission spokesman declined to comment.
(Reporting by Conor Humphries; Editing by Toby Chopra and
Carmel Crimmins)

More News

UPDATE 1-Greensill UK administrators say $3.7 bln in AUM collected so far

(Adds background, detail from statement)LONDON, May 7 (Reuters) - Administrators to collapsed firm Greensill Capital's UK business said it had $17.7 billion in assets under management at March 8 of which $3.7 billion has been collected as of April...

Today 15:16

TREASURIES-Surprisingly weak April jobs report pushes yields lower

By Karen Pierog CHICAGO, May 7 (Reuters) - U.S. Treasury yields backed off from two-month lows reached on Friday after the April employment report showed a much smaller-than-expected jobs gain even as the economy rebounds from the coronav...

Today 15:14

FOREX-Dollar slides to more than two-month low after big U.S. jobs miss

* Nonfarm payrolls rose by 266,000 jobs vs forecast of 978,000* Dollar down broadly* MSCI EM currency index hits record high* Graphic: World FX rates https://tmsnrt.rs/2RBWI5E (Adds reaction to U.S. jobs data, analysts' comments, updates prices, c...

Today 15:04

Watch out for hackers, Britain's spy agency tells smart cities

By Umberto BacchiMay 7 (Thomson Reuters Foundation) - Cities embracing technology to improve urban life risk falling prey to hackers, Britain's cyber security agency warned on Friday, urging local authorities to ensure smart cities are armed with ...

Today 15:03

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.