Europe

The Irish High Court has referred for a second time a legal challenge to Facebook’s EU-US data transfers to Europe’s top court, seeking a preliminary ruling on a series of fundamental questions pertaining to the clash between US mass surveillance law and EU citizens’ fundamental privacy rights. The sustainability of the EU-US Privacy Shield mechanism
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Tandem, the U.K. challenger bank founded by fintech veteran Ricky Knox, has rolled out its second banking product today with the addition of fixed term savings accounts. The new offering enables customers to get a guaranteed interest rate if they deposit their money with Tandem over one, two or three years, and follows the launch
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Sweden’s Instabridge, the Wi-Fi sharing community and mobile app that has proved particularly popular in Brazil and Mexico, has scored $3 million in further funding — money it’s pegged for Asia expansion, starting with India. The new round is led by Luminar Ventures (headed up by Magnus Bergman and Jacob Key), with participation from previous
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Liberis, the London-based fintech that provides finance for small businesses, has raised £57.5 million in new funding to help support the company’s growth. The alternative finance provider makes loans against a company’s future credit and debit card sales. The majority of the new capital being raised by Liberis is debt, which in turn will enable
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Cambridge, U.K.-based startup Spectral Edge has closed a $5.3M Series A funding round from existing investors Parkwalk Advisors and IQ Capital. The team, which in 2014 spun the business out of academic research at the University of East Anglia, has developed a mathematical technique for improving photographic imagery in real-time, also using machine learning technology.  As we’ve reported
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Uber is suspending another international service while it assess whether there’s a business case to continue operations after regulatory changes. In a blog post announcing the impending suspension of its UberX service in Athens, the company writes: “New local regulations were voted on recently with provisions that impact ridesharing services. We have to assess if
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Stefan Glaenzer, the prominent European VC and former chairman of Last.fm and founder of Ricardo.de, has quit his role as Partner at Passion Capital. He co-founded the London-based early-stage firm seven years ago with partners Eileen Burbidge and Robert Dighero. The decision to resign, which the firm’s staff and Limited Partners were informed of last
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There’s no way to sugarcoat this message: Facebook’s founder Mark Zuckerberg believes North America users of his platform deserve a lower data protection standard than people everywhere else in the world. In a phone interview with Reuters yesterday Mark Zuckerberg declined to commit to universally implementing changes to the platform that are necessary to comply with
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The Norwegian Consumer Council has filed a privacy complaint about Grindr, arguing it’s in breach of national and European data protection laws after it emerged the dating app has been sharing personal information about its users with third parties. As we reported earlier, Norwegian research outfit SINTEF analyzed the app’s traffic and found that — if set —
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Emmanuel Macron and his government are launching a big initiative around artificial intelligence today. They want to turn France into one of the leading countries when it comes to artificial intelligence. “[Artificial intelligence] is a technological, economical, social and obviously ethical revolution,” Macron said in a speech. “This revolution won’t happen in 50 or 60
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Facebook’s response to the clutch of users who are suddenly woke — triggered to delve into their settings by the Facebook data misuse scandal and #DeleteFacebook backlash — to the fact the social behemoth is, quietly and continuously, harvesting sensitive personal data about them and their friends tells you everything you need to know about the rotten state
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Chris Wylie, the former Cambridge Analytica employee turned whistleblower whose revelations about Facebook data being misused for political campaigning has wiped billions off the share price of the company in recent days and led to the FTC opening a fresh investigation, has suggested the scale of the data leak is substantially larger than has been
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Amazon’s business in France is taking a big step forward after announcing a new deal today with retail giant Monoprix to deliver groceries through Prime Now. The service will begin serving Prime Now members in Paris this year and include products carried by Monoprix, including its own branded items and fresh produce. Monoprix’s website already offers services
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