This is the Global News Podcast from the BBC World Service.

I'm Janet Jalil and at 13 hours GMT on Monday the 22nd of May, these are our main stories.

The owner of Facebook Meta is fined more than a billion dollars for breaking EU rules on data

protection. Evidence emerges that US and British regulators were told of a state-led drive to

rig interest rates in the 2008 financial crisis but covered it up.

Real Madrid make a hate crime complaint to the Spanish authorities about racist abuse

directed at a black player. Also in this podcast, there's a long process in developing something so

beautiful. It takes up to eight years. At this year's Chelsea Flower Show, the Menopausal Rose.

The owner of Facebook has been fined more than a billion dollars for mishandling

user's data when transferring it between Europe and the United States. Meta, which also owns

Instagram and WhatsApp, was hit with a $1.3 billion fine for violating European Union data privacy

rules which are among the strictest in the world. It's the latest in a string of fines for the

social media giant over lax privacy protections. Meta has said it will appeal. Our technology reporter

Shona McCallum told us more. Yes, so as you mentioned, this is all about GDPR, the general data

protection regulations, which are basically the privacy laws that affect us all. As you can imagine,

there's a lot of private data that's transferred on Facebook between people in Europe and the US.

And this decision is all about what the Irish regulator has calls a mishandling of that data.

Now, the crux of the decision is using what's known as standard contractual clauses. These are

what's used to ensure that European's data continues to be protected once it's moved out of Europe

and into the US. But there are concerns around that that those data flows still expose Europeans

to the weaker privacy laws which exist in the US. So worries over, for example, US intelligence

accessing Europeans data. So these standard contractual clauses were supposed to be propped up by

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