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dot com code tech news this is tech crunch

here's your Daily Crunch.

The European Union has reached an agreement in principle with the U.S. on a revived

transatlantic data flows deal. The legal uncertainty hangs revived Transatlantic Data Flows Deal.

The legal uncertainty hanging over EU-US Data Flows has led in recent months to European

Data Protection Agencies issuing orders against flows of personal data passing via products such as

Google Analytics, Google Fonts, and Stripe, among others.

Facebook's lead EU regulator also finally sent a revised draft decision to Meta last month.

In a multi-year complaint related to its EU-US data flows after the company exhausted legal challenges

against an earlier preliminary suspension order in the fall of 2020.

The European Union also secured an agreement on the details of a major competition reform that will see the most powerful

intermediating tech platform subject to a set of upfront rules

on how they can and cannot operate.

There's a threat of fines of up to 10% of global annual turnover should they breach requirements,

...