May 282018
 
 May 28, 2018  Posted by  Business, Laws, Non-U.S.

Natasha Singer reports:

The new European data privacy legislation is so stringent that it could kill off data-driven online services and chill innovations like driverless cars, tech industry groups warn.

The American Chamber of Commerce to the European Union called the legislation “overly strict.” The Developers Alliance, a trade group representing Facebook, Google, Intel and dozens of app makers, said it could cost businesses in Europe more than 550 billion euros, or about $640 billion, in annual lost revenue. And DigitalEurope, another tech trade group, said the legislation’s prohibitive approach “seriously underminesthe development of Europe’s digital economy.”

Read more on NY Times.

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