A Global Asset Management Seoul Korea Magazine
Johnny Ryan, senior fellow at the Irish Council for Civil Liberties (ICCL) filed a claim against Google two years ago. ICCLIreland's data watchdog is the lead regulator for Google in Europe, because the ad giant's European HQ is in Dublin. The watchdog faces questions about whether it is up to the job, after dragging out an investigation into Google's ad practices for more than a year. The probe centers on allegations that Google processes and shares intimate data with third-party brokers in a way that breaches EU privacy rules. Regulators across the EU have come under fire for having insufficient resources to uphold privacy regulation. Visit Business Insider's homepage for more stories. The regulator tasked with policing Google in Europe is under pressure to prove it's up to the job. The non-profit Irish Council for Civil Liberties (ICCL) has written to Ireland's Minister for Justice Helen McEntee to ask if the Ireland's Data Protection Commission is capable of acting on claims that Google violates EU citizens' data privacy. The letter marks the two-year anniversary of a complaint lodged by ICCL fellow and privacy expert Johnny Ryan. Ryan formerly worked at privacy-focused browser Brave, a competitor to Google's Chrome.
VANCOUVER (AFP) - Chinese Huawei executive Meng Wanzhou and her lawyers return to a Canadian court on Monday (Sept 28) to press for her release, arguing the US misled Canada about her alleged crimes to secure her detention on foreign soil. The defence, according to court filings, will say that the crux of the US charges against Meng - that she hid Huawei's relationship with former subsidiary Skycom in Iran from HSBC bank - is false and lacks context. "Putting such a misleading and incomplete record before this court disqualifies it from continuing these proceedings," the document said. The Chinese telecom giant's chief financial officer was arrested on a US warrant in December 2018 during a stopover in Vancouver. She is charged with bank fraud linked to violations of US sanctions against Iran, and has been fighting extradition ever since. The case, meanwhile, has added to severe strain in Sino-US ties and created an unprecedented rift between Canada and China. Nine days after Meng's arrest, China detained former Canadian diplomat Michael Kovrig and businessman Michael Spavor in what is widely viewed as retaliation over Meng. Espionage charges were filed against
(RTTNews) - Cleveland-Cliffs Inc. (CLF) announced Monday that it has entered into a definitive agreement with ArcelorMittal S.A. (MT) to acquire substantially all of ArcelorMittal USA LLC for approximately $1.4 billion. The acquisition is anticipated to be earnings per share accretive. The enterprise value of the deal is around $3.3 billion, which takes into consideration the assumption by Cleveland-Cliffs of pension/OPEB liabilities and working capital. The acquisition will be on a cash-free and debt-free basis, with a combination of 78.2 million shares of Cleveland-Cliffs common stock, non-voting preferred stock with an approximate aggregate value of $373 million, and $505 million in cash. The assets acquired include 6 steelmaking facilities, 8 finishing facilities, 2 iron ore mining and pelletizing operations, and 3 coal and cokemaking operations. The transaction has been approved by the board of directors of both companies. The deal is expected to close in the fourth quarter of 2020, subject to the receipt of regulatory approval and the satisfaction of other customary closing conditions. Upon the deal closure, Cleveland-Cliffs said it will be the largest flat-rolled steel producer in North America, with combined shipments of around 17 million net tons in 2019. It will also be the largest iron
A close up image of a CPU socket and motherboard laying on the table. Narumon Bowonkitwanchai | Moment | Getty Images GUANGZHOU, China — The U.S. government has reportedly imposed restrictions on exports to SMIC, China's biggest chip manufacturer, a move that threatens Beijing's push to become more self-reliant in one of the most critical areas of technology. Suppliers for certain equipment to SMIC will need to apply for an export license, according to a letter sent to companies by the U.S. Department of Commerce, reported by several media outlets. The commerce department claims there is "unacceptable risk" that equipment sold to SMIC may be diverted to "military end use." The move threatens to hit at the heart of China's plans to boost its domestic semiconductor industry, a need that has been accelerated by the trade war with the U.S. SMIC is seen as a critical part of China's ambitions and the commerce department's sanctions could hold back the company's development for several years, experts warned. "It hits right at the core of China's ability to be autonomous in technology," David Roche, president of Independent Strategy, told CNBC's "Squawk Box Asia" on Monday.
A fleet of Amazon Prime delivery vans were seen driving along I-90 outside Chicago on March 21, 2020. Rebecca Harrington/Business InsiderAmazon will hold its Prime Day on October 13 and October 14 this year. The online retail giant's Prime Day traditionally occurs in mid-July. This year, Prime Day was pushed back thanks to the coronavirus pandemic. Visit Business Insider's homepage for more stories. Amazon is splitting Prime Day between October 13 and 14 this year. The online retail giant announced its new dates for Prime Day a few months after the coronavirus pandemic postponed the online retailer's traditional summer sales event. Amazon Prime Day is normally held around July 15. But in July, leaked emails from Amazon employees revealed that the date would be delayed because of the pandemic. Initially, the company planned to give October 5 as a "placeholder" date for the postponed sales event. "In the midst of an unprecedented year, we're committed to making this the most successful Prime Day ever for our small businesses and [are] excited for Prime members worldwide to discover new ways to support local entrepreneurs and save big on everything they need and love," Amazon's CEO of Worldwide Consumer Jeff