Money

Tech giant confirms client data stored in Europe amid concerns they could be scrutinised by US authorities

Published

3 years ago

May 6, 2021

ticker NEWS

US tech giant Microsoft has pledged to store all European cloud-based client data in Europe.

This comes amid tensions over the reach of US legislation on personal data collection.

Microsoft’s European clients have been concerned over the legal status of data they store with US companies in the cloud.

Those worries came to a head last year when the European Court cracked down on the EU and US Privacy Shield, as the privacy shield allows firms to transfer personal data to the US.

However, now it’s been found the mechanism doesn’t protest EU data from US authorities.

So Microsoft’s president says “If you are a commercial or public sector customer in the EU, we will go beyond our existing data storage commitments and enable you to process and store all your data in the EU.

“In other words, we will not need to move your data outside the EU.”

Related Topics:Business data Featured Microsoft Politics trending

Up Next

Successful SpaceX flight fuelling tensions between billionaires space race

Don't Miss

EMAILS REVEALED: Apple employees were considering special treatment to Netflix

ticker NEWS

Click to comment

Money

Why the meme-stock frenzy is unlikely to repeat

Published

2 days ago

May 14, 2024

Nathan Langridge

GME shares surge 74%, but experts stress a meme-stock frenzy resurgence is unlikely due to fundamental differences in the company’s financial situation.

Australia’s budget unveils a second consecutive surplus of A$9.3 billion, prioritising the critical minerals industry and green energy initiatives to reduce reliance on Chinese supply.

Also, GameStop shares have surged 74%, but experts caution against expecting a repeat of the 2021 meme-stock frenzy. #featured #trending

Money

Why are airlines after the Biden Administration?

Published

2 days ago

May 14, 2024

Nathan Langridge

Major airlines are taking legal action against the Biden administration over a newly implemented rule requiring them to disclose fees upfront.

On this episode of Hot Shots – Major airlines are suing the Biden Administration, AI-piloted fighter jets, SpaceX faces funding challenges, and Apple receives crushing feedback.

Ticker’s Ahron Young & Veronica Dudo discuss. #featured #trending

Money

The mounting pressure on Government spends

Published

3 days ago

May 13, 2024

ticker NEWS

Questions abound regarding the factors fueling this inflation surge in Australia and whether it correlates with the escalating government expenditures.

Concerns extend to how Chalmers navigates the mounting pressure amid discrepancies in spending allocations.

Moreover, as Australians grapple with the reality of rising living costs, the feasibility of cutting spending becomes a pressing issue. Additionally, amidst economic uncertainties, individuals seek guidance on managing stock market risks effectively. #Featured #Trending