The New York Times reports that U.S. and European officials failed on Sunday to reach an agreement over how digital data — including financial information and social media posts —
can be transferred between the two regions. Both sides disagree on details required to approve a comprehensive deal. Without an agreement, companies that regularly move data, including tech giants
like Google and other corporations like General Electric, could find themselves in "murky legal waters." The paper reports that European and American officials had until Sunday night to meet a
deadline set by Europe’s national privacy agencies, some of which have promised aggressive legal action if the current negotiations peter out. Those agencies will publish their own judgment on
how data can be moved safely between the two regions on Wednesday.
Read the whole story at The New York Times »
