EU Adopts “Pragmatic Approach” To Sharing Its Citizens’ Most Precious Data With US Department of Homeland Security
“The EU’s own top court has ruled on multiple occasions that the USA does not offer adequate privacy protections for non-citizens, yet the Commission and the member states are planning to open up their biometric databases to the [DHS].” This post is based largely on the findings of a report that was released in late […]
US stocks slip after disappointing retail sales data
US stocks slipped in volatile trading on Wednesday and Treasuries rallied after retail sales and manufacturing output declined in December by more than analysts expected, suggesting to some investors that the world’s biggest economy is already in recession. Wall Street’s blue-chip S&P 500 was down 1.1 per cent in afternoon trading, erasing earlier gains as […]
As China reopens and data surprises, economists are starting to get less gloomy
The European Central Bank is expected to continue raising rates aggressively in the short-term as the euro zone economy proves more resilient than anticipated. Haussmann Visuals | Moment | Getty Images After China’s reopening and a deluge of positive data surprises in recent weeks, economists are upgrading their previously gloomy outlooks for the global economy. […]