EUR/USD 1.15637
0.144%
Gold 4003.94
0.678%
Oil 59.676
0.470%
USD/JPY 153.426
0.241%
GBP/USD 1.31627
0.193%
GBP/JPY 201.955
0.452%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On November 10th, the Ukrainian State Electricity Company announced that due to Russias continued attacks on Ukrainian energy facilities, most regions of Ukraine will experience 24-hour power rationing on November 10th. The company stated that the rationing will last from midnight to 11:59 PM, and industrial users power consumption will also be limited during the same period. The Ukrainian government also urged the public to conserve electricity during peak hours.On November 10th, Bezoss space company Blue Origin planned to launch its New Glenn rocket from Cape Canaveral, Florida, on Sunday, a key test in the startups path to challenging SpaceXs dominance. The approximately 97.5-meter-tall rocket will carry two spacecraft built by Rocket Lab to Mars. This mission marks New Glenns first mission for NASA. New Glenn successfully completed its maiden flight in January, reaching orbit, but its boosters failed to land. Similar to SpaceXs Falcon series, New Glenn is designed to be partially reusable, with boosters capable of multiple launches, thus reducing costs.On November 10th, New York Federal Reserve President Williams stated that financial pressures faced by low- and middle-income Americans could threaten the resilience of the U.S. economy, even as wealthier families benefit from the stock market boom. In an interview, Williams said the Feds December interest rate decision "will be a balancing act." He noted, "Inflation remains high and shows no signs of declining," but the U.S. economy "still exhibits a degree of resilience." Nevertheless, many Americans are still struggling with housing and living costs. There are signs that "low- and middle-income families are facing some constraints in terms of affordability," posing a risk to consumer confidence and spending. Williams also rejected calls to modify the Feds benchmark interest rate mechanism, stating that expectations of productivity gains driven by artificial intelligence are supporting the market, but he is concerned about potential over-investment and a stock market bubble.On November 10th, Russian Presidential Press Secretary Dmitry Peskov stated on the 9th that US President Donald Trumps recent announcement of plans to resume nuclear testing gave the impression that the US intended to begin nuclear testing in the near future. Russia needs clarification on this. Peskov said that Russian President Vladimir Putin has not ordered the immediate commencement of preparations for nuclear testing, and if any other country violates the nuclear testing ban, Russia will be forced to take reciprocal measures to maintain strategic balance.On November 10th, it was reported that on November 9th local time, U.S. Senate Majority Leader John Thune stated that a potential agreement to end the government shutdown was "progressing." However, Thune also noted that an agreement was not guaranteed, as senators needed time to read the proposal and it could take several hours before concrete action could be taken.

Microsoft Will Implement A "Data Barrier" For EU Customers on January 1st

Aria Thomas

Dec 16, 2022 10:37

11.png


Microsoft Corp (NASDAQ:MSFT) said on Thursday that as of January 1, cloud clients in the European Union would be allowed to process and store portions of their data in the area.


The progressive implementation of its "EU data border" will encompass all of its main cloud services, including Azure, Microsoft 365, Dynamics 365, and the Power BI platform.


Since the EU enacted the General Data Protection Regulation (GDPR) in 2018, which safeguards user privacy, many corporations have grown increasingly concerned about the worldwide movement of client data.


The European Commission, the bloc's executive arm, is drafting recommendations to protect the privacy of European customers whose data is transmitted to the United States.


Microsoft's Chief Privacy Officer, Julie Brill, told Reuters, "As we dove more into this initiative, we realized that we needed to take a more staged approach."


"The initial phase will focus on client data. In the subsequent phases, we will incorporate logging data, service data, and other types of data into the border "She stated, She stated that the second phase would be completed by the end of 2023 and the third phase will be completed in 2024.


Microsoft maintains over a dozen datacenters in Europe, including France, Germany, Spain, and Switzerland.


For major corporations, data storage has become so extensive and dispersed across so many countries that it is impossible to determine where their data lives and if it conforms with regulations like GDPR.


"We are developing this solution to make our customers feel more secure and to enable them to have transparent talks with their regulators about where their data is handled and kept," Brill explained.


Microsoft has stated in the past that it would contest government demands for user data and would pay any customer whose data was given in violation of GDPR.

Suggestion