Friday

29th Mar 2024

Ticker

Report: Facebook to carve 1.5bn users out of EU privacy law

Facebook plans to restrict the coverage of a new EU data privacy law, the GDPR, to European users only by changing the legal terms at its international headquarters in Ireland, the Reuters news agency reports. The change will see the GDPR, which comes into effect on 25 May, cover 370 million Europeans, but not stretch to Facebook's 1.5 billion users in Africa, Asia, Australia and Latin America.

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Opinion

EU Modernisation Fund: an open door for fossil gas in Romania

Among the largest sources of financing for energy transition of central and eastern European countries, the €60bn Modernisation Fund remains far from the public eye. And perhaps that's one reason it is often used for financing fossil gas projects.

'Swiftly dial back' interest rates, ECB told

Italian central banker Piero Cipollone in his first monetary policy speech since joining the ECB's board in November, said that the bank should be ready to "swiftly dial back our restrictive monetary policy stance."

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