Matthew Newman News
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Companies that operate in the European Union may face fines for losing or mishandling personal data under an overhaul of the region’s data protection rules to be published tomorrow.
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European Union plans to overhaul the region’s 16-year-old data-protection rules will be published by the end of the month, an EU spokesman said.
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British banks won’t be compelled to implement proposals from the government-appointed Independent Commission on Banking until 2015 at the earliest, according to a person with knowledge of the discussions.
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The European Union dropped the threat of a lawsuit against France over the expulsion of Gypsies, saying the government has moved to comply with EU rules on the free movement of citizens.
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Five European banks have a total of 4.8 billion euros ($6.8 billion) of derivatives contracts with the Italian government, according to data released for the first time by European regulators.
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The U.S. Treasury Department announced an $88.3 million settlement with JPMorgan Chase & Co. for apparent violations of international sanctions programs, including Cuban assets control and anti-terrorism regulations.
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Online gambling companies including Bwin Interactive Entertainment AG and Unibet Group Plc will demand pan-European Union rules as regulators consider a possible overhaul of the EU’s patchwork of national gaming laws.
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European Union banks may face new costs and liabilities next year under a law allowing claimants to freeze debtors’ assets in the bloc with court orders from any EU jurisdiction, lawyers say.
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Consumers may suffer if Viviane Reding , the European Union’s justice chief, drops a bid to spur civil lawsuits against price-fixers, a customer-rights group said.
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Apple Inc. may face greater scrutiny in the European Union than the U.S. as regulators investigate possible data-privacy lapses betraying the location of iPhone and iPad users.
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