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A deal to ensure that data from Meta, Google and scores of other companies can continue flowing between the United States and European Union was finalized on Monday, after the digital transfer of personal information between the two jurisdictions had been thrown into doubt because of privacy concerns.The decision adopted by the European Commission is the final step in a yearslong process and resolves — at least for now — a dispute about American intelligence agencies’ ability to gain access to data about European Union residents. The debate pitted U.S. national security concerns against European privacy rights.The accord, known as the E.U.-U.S. Data Privacy Framework, gives Europeans the ability to object when they believe their personal information has been collected improperly by American intelligence agencies. A new independent review body made up of American judges, called the Data Protection Review Court, will be created to hear such appeals.Didier Reynders, the European commissioner who helped negotiate the agreement with the U.S. attorney general, Merrick B. Garland, and the commerce secretary, Gina Raimondo, called it a “robust solution.” The deal sets out more clearly when intelligence agencies are able to retrieve personal information about people in the European Union and also outlines how Europeans can appeal such collection, he said.“It’s a real change,” Mr. Reynders said in an interview. “Protection is traveling with the data.”President
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Washington’s political rancor is rippling across the nation’s real estate industry, as the recent federal shutdown has delayed a plan to unleash trillions in property investment in the country’s biggest cities and most impoverished communities.
Specifically, the delay has affected new rules for investing in so-called Opportunity Zones, and in the process has prevented many investors from exploiting one of program’s key benefits: the ability to sell long-held properties, more or less tax free.
The…
Real estate investors expected to unlock trillions as feds finalize Opportunity Zone rules. Here’s where the money is likely to flow in Ohio syndicated from singaporecondopage.wordpress.com/