Stock markets have retreated again over worries of further US interest rate rises after the Federal Reserve defied Donald Trump to increase rates for the fourth time this year.

The EU has confirmed it is “actively investigating” a potential breach of its diplomatic communications network, following reports that secret cables had been stolen by hackers.

The Bank of England has welcomed a “crucial and positive” move by the EU to help keep a key part of the financial system functioning in the event of a “no-deal” Brexit.

A handful of banks will be forced to write multimillion pound cheques to buy shares in the construction giant Kier Group after some of its biggest investors snubbed the chance to take part in a £250m fundraising.

GlaxoSmithKline (GSK) is to merge its consumer healthcare unit with that of rival Pfizer, to create a new market leader with almost £10bn in annual sales.


Santander has been fined more than £30m for “serious failings” in processing the accounts of dead customers, the Financial Conduct Authority (FCA) says.


France puts $57 million fine on Google for GDPR violations


The country’s data protection regulator has issued a $57 million fine to Google for failing to comply with GDPR

The fine marks the first time a major tech company has been penalised under the new privacy law. The General Data Protection Regulation, GDPR, went into effect in the EU last May – setting forth universal data privacy laws across the European Union and created projections for user’s online data.

As part of the regulation, companies are required to get a user’s “genuine consent” before collecting information about them. That particular consent needs to happen in the form that that user explicitly opting in to share their data. They also need to provide a way for users to delete that data.

Last week Apple CEO Tim Cook penned an op-ed in Time where he suggested similar privacy laws be instated in the United States. CNIL issued the fine because Google did not meet the country’s standards for providing information to consumers about how their data is being used, nor did it provide enough information about its data consent policies.

While that $56mn may seem like a massive fine, it is not as high as GDPR fines can get. Companies can be fined a maximum of 4% of their annual global turnover.

For companies like Google, that amount could easily wind up being billions of dollars.

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