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KLKC
10-02
Because of? In order to gain higher profit or afraid of losing out in global trade?
BMW Urges Germany to Vote Against EU Tariffs on Chinese-Made EVs
KLKC
2023-05-22
Not about money. Double standard
Meta Fined $1.3 Billion Over Data Transfers to U.S.
Go to Tiger App to see more news
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In order to gain higher profit or afraid of losing out in global trade? ","listText":"Because of? In order to gain higher profit or afraid of losing out in global trade? ","text":"Because of? In order to gain higher profit or afraid of losing out in global trade?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/355713930301840","repostId":"1196389734","repostType":2,"repost":{"id":"1196389734","kind":"news","pubTimestamp":1727850931,"share":"https://ttm.financial/m/news/1196389734?lang=&edition=fundamental","pubTime":"2024-10-02 14:35","market":"us","language":"en","title":"BMW Urges Germany to Vote Against EU Tariffs on Chinese-Made EVs","url":"https://stock-news.laohu8.com/highlight/detail?id=1196389734","media":"Bloomberg","summary":"Tariffs could provoke trade dispute, BMW CEO Zipse warnsGerman government signals it will abstain from levies voteBMW AG is pressing Berlin to vote against imposing significantly higher European Union","content":"<html><head></head><body><ul style=\"\"><li><p>Tariffs could provoke trade dispute, BMW CEO Zipse warns</p></li><li><p>German government signals it will abstain from levies vote</p></li></ul><p>BMW AG is pressing Berlin to vote against imposing significantly higher European Union tariffs on Chinese-made electric vehicles, joining other German carmakers that don’t want to risk a spat with their most important market.</p><p style=\"text-align: start;\">“Additional tariffs harm globally active companies in this country and could provoke a trade dispute from which no one gains,” BMW Chief Executive Officer Oliver Zipse said in a statement Wednesday. “The German government should therefore take a clear position.”</p><p style=\"text-align: start;\">EU member states are preparing to vote Friday on imposing definitive tariffs as high as 45% on imported EVs made in China. It would take a qualified majority — 15 member states representing 65% of the bloc’s population — to block the tariffs.</p><p>German officials signaled Tuesday that the government plans to abstain, rather than vote against it. It also expects a significant number of EU member states to join its abstention, according to people familiar with the government’s thinking, which could make it more difficult to block implementation of the tariffs.</p><p>More broadly, Germany has made clear it hopes for a negotiated solution in ongoing talks between the EU and China.</p><p style=\"text-align: start;\">German Chancellor Olaf Scholz and French President Emmanuel Macron are expected to discuss the tariffs in Berlin on Wednesday.</p><p style=\"text-align: start;\">The European Commission, the bloc’s executive arm, proposed the levies after a probe found that China unfairly subsidizes its EV industry.</p><p style=\"text-align: start;\">German car manufacturers have broadly rejected the tariffs, which they say could threaten sales in their biggest car market China if the country retaliates with counter-measures.</p><p style=\"text-align: start;\">Mercedes-Benz Group AG CEO Ola Källenius has led calls for open markets in the past months, with Volkswagen AG CEO Oliver Blume repeatedly voicing concerns on a potential trade spat with China.</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>BMW Urges Germany to Vote Against EU Tariffs on Chinese-Made EVs</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBMW Urges Germany to Vote Against EU Tariffs on Chinese-Made EVs\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-10-02 14:35 GMT+8 <a href=https://www.bloomberg.com/news/articles/2024-10-02/bmw-urges-germany-to-vote-against-eu-tariffs-on-chinese-made-evs?srnd=phx-latest><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Tariffs could provoke trade dispute, BMW CEO Zipse warnsGerman government signals it will abstain from levies voteBMW AG is pressing Berlin to vote against imposing significantly higher European Union...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2024-10-02/bmw-urges-germany-to-vote-against-eu-tariffs-on-chinese-made-evs?srnd=phx-latest\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"XPEV":"小鹏汽车","LI":"理想汽车","NIO":"蔚来"},"source_url":"https://www.bloomberg.com/news/articles/2024-10-02/bmw-urges-germany-to-vote-against-eu-tariffs-on-chinese-made-evs?srnd=phx-latest","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1196389734","content_text":"Tariffs could provoke trade dispute, BMW CEO Zipse warnsGerman government signals it will abstain from levies voteBMW AG is pressing Berlin to vote against imposing significantly higher European Union tariffs on Chinese-made electric vehicles, joining other German carmakers that don’t want to risk a spat with their most important market.“Additional tariffs harm globally active companies in this country and could provoke a trade dispute from which no one gains,” BMW Chief Executive Officer Oliver Zipse said in a statement Wednesday. “The German government should therefore take a clear position.”EU member states are preparing to vote Friday on imposing definitive tariffs as high as 45% on imported EVs made in China. It would take a qualified majority — 15 member states representing 65% of the bloc’s population — to block the tariffs.German officials signaled Tuesday that the government plans to abstain, rather than vote against it. It also expects a significant number of EU member states to join its abstention, according to people familiar with the government’s thinking, which could make it more difficult to block implementation of the tariffs.More broadly, Germany has made clear it hopes for a negotiated solution in ongoing talks between the EU and China.German Chancellor Olaf Scholz and French President Emmanuel Macron are expected to discuss the tariffs in Berlin on Wednesday.The European Commission, the bloc’s executive arm, proposed the levies after a probe found that China unfairly subsidizes its EV industry.German car manufacturers have broadly rejected the tariffs, which they say could threaten sales in their biggest car market China if the country retaliates with counter-measures.Mercedes-Benz Group AG CEO Ola Källenius has led calls for open markets in the past months, with Volkswagen AG CEO Oliver Blume repeatedly voicing concerns on a potential trade spat with China.","news_type":1},"isVote":1,"tweetType":1,"viewCount":119,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9970558578,"gmtCreate":1684745921894,"gmtModify":1684746221312,"author":{"id":"4098590396498660","authorId":"4098590396498660","name":"KLKC","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4098590396498660","authorIdStr":"4098590396498660"},"themes":[],"htmlText":"Not about money. Double standard ","listText":"Not about money. Double standard ","text":"Not about money. Double standard","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9970558578","repostId":"1132742589","repostType":2,"repost":{"id":"1132742589","kind":"news","pubTimestamp":1684744925,"share":"https://ttm.financial/m/news/1132742589?lang=&edition=fundamental","pubTime":"2023-05-22 16:42","market":"us","language":"en","title":"Meta Fined $1.3 Billion Over Data Transfers to U.S.","url":"https://stock-news.laohu8.com/highlight/detail?id=1132742589","media":"The Wall Street Journal","summary":"Facebook owner Meta Platforms was fined $1.3 billion by European Union privacy regulators for sendin","content":"<html><head></head><body><p>Facebook owner <a href=\"https://laohu8.com/S/META\">Meta Platforms</a> was fined $1.3 billion by European Union privacy regulators for sending user information to the U.S., according to people familiar with the matter, a record for the bloc.</p><p>The ruling, expected to be announced later Monday, raises pressure on the U.S. government to complete a deal that would allow Meta and thousands of multinational companies to keep sending such information stateside.</p><p>Meta’s top privacy regulator in the EU is expected to say that Facebook has for years illegally stored data about European users on its servers in the U.S., where it contends the information could be accessed by American spy agencies, those people and others said.</p><p>The fine surpasses the previous record of 746 million euros, or $806 million, under the General Data Protection Regulation against Amazon in Luxembourg in 2021 for privacy violations related to its advertising business. The company has appealed that decision in Luxembourg courts.</p><p>Meta didn’t immediately comment.</p><p>In addition to imposing a fine, Monday’s decision also orders Meta to stop sending information about European Facebook users to the U.S., and delete data already sent, within six months, the people said, though Meta could avoid that if Washington completes a trans-Atlantic agreement with the EU to allow data transfers before then.</p><p style=\"text-align: start;\">Meta, alongside many other U.S.-based tech companies, moves data from Europe to the U.S., where the company operates its main data centers to offer its services.</p><p style=\"text-align: start;\">In the absence of the ability to store data about users in the U.S., Meta could try to re-engineer its systems to keep much of Europeans’ personal information in Europe, but such a project would be extremely complex, people close to the company have said. Meta has said in securities filings that if ordered to suspend transfers, it may have to stop offering services in the EU, where it has declared it has more than 255 million Facebook users. The broader European region accounts for nearly a quarter of Meta’s revenue.</p><p style=\"text-align: start;\">Meta has previously said it welcomes progress that EU and U.S. policy makers have made on completing a new trans-Atlantic data deal, and has said the case is a broader one with an impact far beyond Facebook.</p><p style=\"text-align: start;\">Ireland’s Data Protection Commission declined to comment. The commission, which is slated to issue Monday’s decision, leads the enforcement of the EU’s GDPR for Meta because the company’s European headquarters are in Dublin.</p><p style=\"text-align: start;\">The fine and suspension order are the biggest step that EU regulators have taken thus far to <u>enforce a 2020 ruling about data transfers</u> from the bloc’s top court. That ruling restricted how companies such as Meta can send personal information about Europeans to U.S. soil, because it found that Europeans have no effective legal way to challenge American government surveillance.</p><p style=\"text-align: start;\">That case, filed by privacy activist Max Schrems, was the second time in a decade that a trans-Atlantic EU-U.S. data deal was struck down over questions of surveillance.</p><p style=\"text-align: start;\">The U.S. has said its surveillance practices are proportionate but has also moved to give Europeans more ability to challenge them in an effort to bridge the gap with the EU.</p><p style=\"text-align: start;\">While Monday’s expected decision covers only Facebook, not Meta’s other properties, some of the people said the issues underlying it affect Meta’s other units—as well as thousands of other multinational companies that store or access data about Europeans from computers inside the U.S.</p><p style=\"text-align: start;\">Hanging in the balance are tens if not hundreds of billions of dollars in trade in industries such as advertising, artificial intelligence, human resources, and cloud services.</p><p style=\"text-align: start;\">The U.S. and EU have been trying to fix a hole left by the 2020 court decision by creating a new trans-Atlantic data deal. Under that deal, first agreed in principle in 2022, the EU would lift many of the restrictions on companies sending data to the U.S., provided the U.S. addressed the concerns raised by the EU court—for instance by giving Europeans new rights to appeal surveillance.</p><p style=\"text-align: start;\">The replacement deal still hasn’t been officially completed by EU officials because they say the U.S. government hasn’t fully implemented its end of the bargain. At the same time, some European politicians have said they think the deal should be further renegotiated.</p><p style=\"text-align: start;\">Monday’s decision is expected to give Meta six months to bring its handling of European Facebook users’ data into compliance with the GDPR’s data-transfer rules, the people said. A completed data transfer agreement between the EU and U.S. would allow the company to satisfy that requirement, people familiar with the decision said. But such a deal wouldn’t erase the €1.2 billion fine, which covers past transfers.</p><p style=\"text-align: start;\">Ireland’s Data Protection Commission is planning to issue Monday’s decision after years of delay, in part from court challenges that Meta launched against a 2020 draft order for Meta to suspend its transfers. A board representing all privacy regulators in the bloc last month ordered the Irish regulator to add a significant fine and broaden the scope of the suspension after objections from other EU regulators, some of the people said.</p></body></html>","source":"wsj_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Meta Fined $1.3 Billion Over Data Transfers to U.S.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMeta Fined $1.3 Billion Over Data Transfers to U.S.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-05-22 16:42 GMT+8 <a href=https://www.wsj.com/articles/meta-fined-1-3-billion-over-data-transfers-to-u-s-b53dbb04?mod=hp_lead_pos1><strong>The Wall Street Journal</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Facebook owner Meta Platforms was fined $1.3 billion by European Union privacy regulators for sending user information to the U.S., according to people familiar with the matter, a record for the bloc....</p>\n\n<a href=\"https://www.wsj.com/articles/meta-fined-1-3-billion-over-data-transfers-to-u-s-b53dbb04?mod=hp_lead_pos1\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"META":"Meta Platforms, Inc."},"source_url":"https://www.wsj.com/articles/meta-fined-1-3-billion-over-data-transfers-to-u-s-b53dbb04?mod=hp_lead_pos1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1132742589","content_text":"Facebook owner Meta Platforms was fined $1.3 billion by European Union privacy regulators for sending user information to the U.S., according to people familiar with the matter, a record for the bloc.The ruling, expected to be announced later Monday, raises pressure on the U.S. government to complete a deal that would allow Meta and thousands of multinational companies to keep sending such information stateside.Meta’s top privacy regulator in the EU is expected to say that Facebook has for years illegally stored data about European users on its servers in the U.S., where it contends the information could be accessed by American spy agencies, those people and others said.The fine surpasses the previous record of 746 million euros, or $806 million, under the General Data Protection Regulation against Amazon in Luxembourg in 2021 for privacy violations related to its advertising business. The company has appealed that decision in Luxembourg courts.Meta didn’t immediately comment.In addition to imposing a fine, Monday’s decision also orders Meta to stop sending information about European Facebook users to the U.S., and delete data already sent, within six months, the people said, though Meta could avoid that if Washington completes a trans-Atlantic agreement with the EU to allow data transfers before then.Meta, alongside many other U.S.-based tech companies, moves data from Europe to the U.S., where the company operates its main data centers to offer its services.In the absence of the ability to store data about users in the U.S., Meta could try to re-engineer its systems to keep much of Europeans’ personal information in Europe, but such a project would be extremely complex, people close to the company have said. Meta has said in securities filings that if ordered to suspend transfers, it may have to stop offering services in the EU, where it has declared it has more than 255 million Facebook users. The broader European region accounts for nearly a quarter of Meta’s revenue.Meta has previously said it welcomes progress that EU and U.S. policy makers have made on completing a new trans-Atlantic data deal, and has said the case is a broader one with an impact far beyond Facebook.Ireland’s Data Protection Commission declined to comment. The commission, which is slated to issue Monday’s decision, leads the enforcement of the EU’s GDPR for Meta because the company’s European headquarters are in Dublin.The fine and suspension order are the biggest step that EU regulators have taken thus far to enforce a 2020 ruling about data transfers from the bloc’s top court. That ruling restricted how companies such as Meta can send personal information about Europeans to U.S. soil, because it found that Europeans have no effective legal way to challenge American government surveillance.That case, filed by privacy activist Max Schrems, was the second time in a decade that a trans-Atlantic EU-U.S. data deal was struck down over questions of surveillance.The U.S. has said its surveillance practices are proportionate but has also moved to give Europeans more ability to challenge them in an effort to bridge the gap with the EU.While Monday’s expected decision covers only Facebook, not Meta’s other properties, some of the people said the issues underlying it affect Meta’s other units—as well as thousands of other multinational companies that store or access data about Europeans from computers inside the U.S.Hanging in the balance are tens if not hundreds of billions of dollars in trade in industries such as advertising, artificial intelligence, human resources, and cloud services.The U.S. and EU have been trying to fix a hole left by the 2020 court decision by creating a new trans-Atlantic data deal. Under that deal, first agreed in principle in 2022, the EU would lift many of the restrictions on companies sending data to the U.S., provided the U.S. addressed the concerns raised by the EU court—for instance by giving Europeans new rights to appeal surveillance.The replacement deal still hasn’t been officially completed by EU officials because they say the U.S. government hasn’t fully implemented its end of the bargain. At the same time, some European politicians have said they think the deal should be further renegotiated.Monday’s decision is expected to give Meta six months to bring its handling of European Facebook users’ data into compliance with the GDPR’s data-transfer rules, the people said. A completed data transfer agreement between the EU and U.S. would allow the company to satisfy that requirement, people familiar with the decision said. But such a deal wouldn’t erase the €1.2 billion fine, which covers past transfers.Ireland’s Data Protection Commission is planning to issue Monday’s decision after years of delay, in part from court challenges that Meta launched against a 2020 draft order for Meta to suspend its transfers. A board representing all privacy regulators in the bloc last month ordered the Irish regulator to add a significant fine and broaden the scope of the suspension after objections from other EU regulators, some of the people said.","news_type":1},"isVote":1,"tweetType":1,"viewCount":92,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":9970558578,"gmtCreate":1684745921894,"gmtModify":1684746221312,"author":{"id":"4098590396498660","authorId":"4098590396498660","name":"KLKC","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4098590396498660","idStr":"4098590396498660"},"themes":[],"htmlText":"Not about money. Double standard ","listText":"Not about money. Double standard ","text":"Not about money. Double standard","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9970558578","repostId":"1132742589","repostType":2,"repost":{"id":"1132742589","kind":"news","pubTimestamp":1684744925,"share":"https://ttm.financial/m/news/1132742589?lang=&edition=fundamental","pubTime":"2023-05-22 16:42","market":"us","language":"en","title":"Meta Fined $1.3 Billion Over Data Transfers to U.S.","url":"https://stock-news.laohu8.com/highlight/detail?id=1132742589","media":"The Wall Street Journal","summary":"Facebook owner Meta Platforms was fined $1.3 billion by European Union privacy regulators for sendin","content":"<html><head></head><body><p>Facebook owner <a href=\"https://laohu8.com/S/META\">Meta Platforms</a> was fined $1.3 billion by European Union privacy regulators for sending user information to the U.S., according to people familiar with the matter, a record for the bloc.</p><p>The ruling, expected to be announced later Monday, raises pressure on the U.S. government to complete a deal that would allow Meta and thousands of multinational companies to keep sending such information stateside.</p><p>Meta’s top privacy regulator in the EU is expected to say that Facebook has for years illegally stored data about European users on its servers in the U.S., where it contends the information could be accessed by American spy agencies, those people and others said.</p><p>The fine surpasses the previous record of 746 million euros, or $806 million, under the General Data Protection Regulation against Amazon in Luxembourg in 2021 for privacy violations related to its advertising business. The company has appealed that decision in Luxembourg courts.</p><p>Meta didn’t immediately comment.</p><p>In addition to imposing a fine, Monday’s decision also orders Meta to stop sending information about European Facebook users to the U.S., and delete data already sent, within six months, the people said, though Meta could avoid that if Washington completes a trans-Atlantic agreement with the EU to allow data transfers before then.</p><p style=\"text-align: start;\">Meta, alongside many other U.S.-based tech companies, moves data from Europe to the U.S., where the company operates its main data centers to offer its services.</p><p style=\"text-align: start;\">In the absence of the ability to store data about users in the U.S., Meta could try to re-engineer its systems to keep much of Europeans’ personal information in Europe, but such a project would be extremely complex, people close to the company have said. Meta has said in securities filings that if ordered to suspend transfers, it may have to stop offering services in the EU, where it has declared it has more than 255 million Facebook users. The broader European region accounts for nearly a quarter of Meta’s revenue.</p><p style=\"text-align: start;\">Meta has previously said it welcomes progress that EU and U.S. policy makers have made on completing a new trans-Atlantic data deal, and has said the case is a broader one with an impact far beyond Facebook.</p><p style=\"text-align: start;\">Ireland’s Data Protection Commission declined to comment. The commission, which is slated to issue Monday’s decision, leads the enforcement of the EU’s GDPR for Meta because the company’s European headquarters are in Dublin.</p><p style=\"text-align: start;\">The fine and suspension order are the biggest step that EU regulators have taken thus far to <u>enforce a 2020 ruling about data transfers</u> from the bloc’s top court. That ruling restricted how companies such as Meta can send personal information about Europeans to U.S. soil, because it found that Europeans have no effective legal way to challenge American government surveillance.</p><p style=\"text-align: start;\">That case, filed by privacy activist Max Schrems, was the second time in a decade that a trans-Atlantic EU-U.S. data deal was struck down over questions of surveillance.</p><p style=\"text-align: start;\">The U.S. has said its surveillance practices are proportionate but has also moved to give Europeans more ability to challenge them in an effort to bridge the gap with the EU.</p><p style=\"text-align: start;\">While Monday’s expected decision covers only Facebook, not Meta’s other properties, some of the people said the issues underlying it affect Meta’s other units—as well as thousands of other multinational companies that store or access data about Europeans from computers inside the U.S.</p><p style=\"text-align: start;\">Hanging in the balance are tens if not hundreds of billions of dollars in trade in industries such as advertising, artificial intelligence, human resources, and cloud services.</p><p style=\"text-align: start;\">The U.S. and EU have been trying to fix a hole left by the 2020 court decision by creating a new trans-Atlantic data deal. Under that deal, first agreed in principle in 2022, the EU would lift many of the restrictions on companies sending data to the U.S., provided the U.S. addressed the concerns raised by the EU court—for instance by giving Europeans new rights to appeal surveillance.</p><p style=\"text-align: start;\">The replacement deal still hasn’t been officially completed by EU officials because they say the U.S. government hasn’t fully implemented its end of the bargain. At the same time, some European politicians have said they think the deal should be further renegotiated.</p><p style=\"text-align: start;\">Monday’s decision is expected to give Meta six months to bring its handling of European Facebook users’ data into compliance with the GDPR’s data-transfer rules, the people said. A completed data transfer agreement between the EU and U.S. would allow the company to satisfy that requirement, people familiar with the decision said. But such a deal wouldn’t erase the €1.2 billion fine, which covers past transfers.</p><p style=\"text-align: start;\">Ireland’s Data Protection Commission is planning to issue Monday’s decision after years of delay, in part from court challenges that Meta launched against a 2020 draft order for Meta to suspend its transfers. A board representing all privacy regulators in the bloc last month ordered the Irish regulator to add a significant fine and broaden the scope of the suspension after objections from other EU regulators, some of the people said.</p></body></html>","source":"wsj_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Meta Fined $1.3 Billion Over Data Transfers to U.S.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMeta Fined $1.3 Billion Over Data Transfers to U.S.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-05-22 16:42 GMT+8 <a href=https://www.wsj.com/articles/meta-fined-1-3-billion-over-data-transfers-to-u-s-b53dbb04?mod=hp_lead_pos1><strong>The Wall Street Journal</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Facebook owner Meta Platforms was fined $1.3 billion by European Union privacy regulators for sending user information to the U.S., according to people familiar with the matter, a record for the bloc....</p>\n\n<a href=\"https://www.wsj.com/articles/meta-fined-1-3-billion-over-data-transfers-to-u-s-b53dbb04?mod=hp_lead_pos1\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"META":"Meta Platforms, Inc."},"source_url":"https://www.wsj.com/articles/meta-fined-1-3-billion-over-data-transfers-to-u-s-b53dbb04?mod=hp_lead_pos1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1132742589","content_text":"Facebook owner Meta Platforms was fined $1.3 billion by European Union privacy regulators for sending user information to the U.S., according to people familiar with the matter, a record for the bloc.The ruling, expected to be announced later Monday, raises pressure on the U.S. government to complete a deal that would allow Meta and thousands of multinational companies to keep sending such information stateside.Meta’s top privacy regulator in the EU is expected to say that Facebook has for years illegally stored data about European users on its servers in the U.S., where it contends the information could be accessed by American spy agencies, those people and others said.The fine surpasses the previous record of 746 million euros, or $806 million, under the General Data Protection Regulation against Amazon in Luxembourg in 2021 for privacy violations related to its advertising business. The company has appealed that decision in Luxembourg courts.Meta didn’t immediately comment.In addition to imposing a fine, Monday’s decision also orders Meta to stop sending information about European Facebook users to the U.S., and delete data already sent, within six months, the people said, though Meta could avoid that if Washington completes a trans-Atlantic agreement with the EU to allow data transfers before then.Meta, alongside many other U.S.-based tech companies, moves data from Europe to the U.S., where the company operates its main data centers to offer its services.In the absence of the ability to store data about users in the U.S., Meta could try to re-engineer its systems to keep much of Europeans’ personal information in Europe, but such a project would be extremely complex, people close to the company have said. Meta has said in securities filings that if ordered to suspend transfers, it may have to stop offering services in the EU, where it has declared it has more than 255 million Facebook users. The broader European region accounts for nearly a quarter of Meta’s revenue.Meta has previously said it welcomes progress that EU and U.S. policy makers have made on completing a new trans-Atlantic data deal, and has said the case is a broader one with an impact far beyond Facebook.Ireland’s Data Protection Commission declined to comment. The commission, which is slated to issue Monday’s decision, leads the enforcement of the EU’s GDPR for Meta because the company’s European headquarters are in Dublin.The fine and suspension order are the biggest step that EU regulators have taken thus far to enforce a 2020 ruling about data transfers from the bloc’s top court. That ruling restricted how companies such as Meta can send personal information about Europeans to U.S. soil, because it found that Europeans have no effective legal way to challenge American government surveillance.That case, filed by privacy activist Max Schrems, was the second time in a decade that a trans-Atlantic EU-U.S. data deal was struck down over questions of surveillance.The U.S. has said its surveillance practices are proportionate but has also moved to give Europeans more ability to challenge them in an effort to bridge the gap with the EU.While Monday’s expected decision covers only Facebook, not Meta’s other properties, some of the people said the issues underlying it affect Meta’s other units—as well as thousands of other multinational companies that store or access data about Europeans from computers inside the U.S.Hanging in the balance are tens if not hundreds of billions of dollars in trade in industries such as advertising, artificial intelligence, human resources, and cloud services.The U.S. and EU have been trying to fix a hole left by the 2020 court decision by creating a new trans-Atlantic data deal. Under that deal, first agreed in principle in 2022, the EU would lift many of the restrictions on companies sending data to the U.S., provided the U.S. addressed the concerns raised by the EU court—for instance by giving Europeans new rights to appeal surveillance.The replacement deal still hasn’t been officially completed by EU officials because they say the U.S. government hasn’t fully implemented its end of the bargain. At the same time, some European politicians have said they think the deal should be further renegotiated.Monday’s decision is expected to give Meta six months to bring its handling of European Facebook users’ data into compliance with the GDPR’s data-transfer rules, the people said. A completed data transfer agreement between the EU and U.S. would allow the company to satisfy that requirement, people familiar with the decision said. But such a deal wouldn’t erase the €1.2 billion fine, which covers past transfers.Ireland’s Data Protection Commission is planning to issue Monday’s decision after years of delay, in part from court challenges that Meta launched against a 2020 draft order for Meta to suspend its transfers. A board representing all privacy regulators in the bloc last month ordered the Irish regulator to add a significant fine and broaden the scope of the suspension after objections from other EU regulators, some of the people said.","news_type":1},"isVote":1,"tweetType":1,"viewCount":92,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":355713930301840,"gmtCreate":1727853696885,"gmtModify":1727854086942,"author":{"id":"4098590396498660","authorId":"4098590396498660","name":"KLKC","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4098590396498660","idStr":"4098590396498660"},"themes":[],"htmlText":"Because of? In order to gain higher profit or afraid of losing out in global trade? ","listText":"Because of? In order to gain higher profit or afraid of losing out in global trade? ","text":"Because of? In order to gain higher profit or afraid of losing out in global trade?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/355713930301840","repostId":"1196389734","repostType":2,"repost":{"id":"1196389734","kind":"news","pubTimestamp":1727850931,"share":"https://ttm.financial/m/news/1196389734?lang=&edition=fundamental","pubTime":"2024-10-02 14:35","market":"us","language":"en","title":"BMW Urges Germany to Vote Against EU Tariffs on Chinese-Made EVs","url":"https://stock-news.laohu8.com/highlight/detail?id=1196389734","media":"Bloomberg","summary":"Tariffs could provoke trade dispute, BMW CEO Zipse warnsGerman government signals it will abstain from levies voteBMW AG is pressing Berlin to vote against imposing significantly higher European Union","content":"<html><head></head><body><ul style=\"\"><li><p>Tariffs could provoke trade dispute, BMW CEO Zipse warns</p></li><li><p>German government signals it will abstain from levies vote</p></li></ul><p>BMW AG is pressing Berlin to vote against imposing significantly higher European Union tariffs on Chinese-made electric vehicles, joining other German carmakers that don’t want to risk a spat with their most important market.</p><p style=\"text-align: start;\">“Additional tariffs harm globally active companies in this country and could provoke a trade dispute from which no one gains,” BMW Chief Executive Officer Oliver Zipse said in a statement Wednesday. “The German government should therefore take a clear position.”</p><p style=\"text-align: start;\">EU member states are preparing to vote Friday on imposing definitive tariffs as high as 45% on imported EVs made in China. It would take a qualified majority — 15 member states representing 65% of the bloc’s population — to block the tariffs.</p><p>German officials signaled Tuesday that the government plans to abstain, rather than vote against it. It also expects a significant number of EU member states to join its abstention, according to people familiar with the government’s thinking, which could make it more difficult to block implementation of the tariffs.</p><p>More broadly, Germany has made clear it hopes for a negotiated solution in ongoing talks between the EU and China.</p><p style=\"text-align: start;\">German Chancellor Olaf Scholz and French President Emmanuel Macron are expected to discuss the tariffs in Berlin on Wednesday.</p><p style=\"text-align: start;\">The European Commission, the bloc’s executive arm, proposed the levies after a probe found that China unfairly subsidizes its EV industry.</p><p style=\"text-align: start;\">German car manufacturers have broadly rejected the tariffs, which they say could threaten sales in their biggest car market China if the country retaliates with counter-measures.</p><p style=\"text-align: start;\">Mercedes-Benz Group AG CEO Ola Källenius has led calls for open markets in the past months, with Volkswagen AG CEO Oliver Blume repeatedly voicing concerns on a potential trade spat with China.</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>BMW Urges Germany to Vote Against EU Tariffs on Chinese-Made EVs</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBMW Urges Germany to Vote Against EU Tariffs on Chinese-Made EVs\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-10-02 14:35 GMT+8 <a href=https://www.bloomberg.com/news/articles/2024-10-02/bmw-urges-germany-to-vote-against-eu-tariffs-on-chinese-made-evs?srnd=phx-latest><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Tariffs could provoke trade dispute, BMW CEO Zipse warnsGerman government signals it will abstain from levies voteBMW AG is pressing Berlin to vote against imposing significantly higher European Union...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2024-10-02/bmw-urges-germany-to-vote-against-eu-tariffs-on-chinese-made-evs?srnd=phx-latest\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"XPEV":"小鹏汽车","LI":"理想汽车","NIO":"蔚来"},"source_url":"https://www.bloomberg.com/news/articles/2024-10-02/bmw-urges-germany-to-vote-against-eu-tariffs-on-chinese-made-evs?srnd=phx-latest","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1196389734","content_text":"Tariffs could provoke trade dispute, BMW CEO Zipse warnsGerman government signals it will abstain from levies voteBMW AG is pressing Berlin to vote against imposing significantly higher European Union tariffs on Chinese-made electric vehicles, joining other German carmakers that don’t want to risk a spat with their most important market.“Additional tariffs harm globally active companies in this country and could provoke a trade dispute from which no one gains,” BMW Chief Executive Officer Oliver Zipse said in a statement Wednesday. “The German government should therefore take a clear position.”EU member states are preparing to vote Friday on imposing definitive tariffs as high as 45% on imported EVs made in China. It would take a qualified majority — 15 member states representing 65% of the bloc’s population — to block the tariffs.German officials signaled Tuesday that the government plans to abstain, rather than vote against it. It also expects a significant number of EU member states to join its abstention, according to people familiar with the government’s thinking, which could make it more difficult to block implementation of the tariffs.More broadly, Germany has made clear it hopes for a negotiated solution in ongoing talks between the EU and China.German Chancellor Olaf Scholz and French President Emmanuel Macron are expected to discuss the tariffs in Berlin on Wednesday.The European Commission, the bloc’s executive arm, proposed the levies after a probe found that China unfairly subsidizes its EV industry.German car manufacturers have broadly rejected the tariffs, which they say could threaten sales in their biggest car market China if the country retaliates with counter-measures.Mercedes-Benz Group AG CEO Ola Källenius has led calls for open markets in the past months, with Volkswagen AG CEO Oliver Blume repeatedly voicing concerns on a potential trade spat with China.","news_type":1},"isVote":1,"tweetType":1,"viewCount":119,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}
