Technology

EU calls on firms, governments to speed up privacy law preparation

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The European Union is slapping a $1.23-billion fine on U.S. chipmaker Qualcomm for abusing its market dominance in the lucrative sector of components in smartphones and tablets.

U.S. chipmaker Qualcomm Inc was hit with a 997 million euro ($1.23 billion) fine by European Union antitrust regulators on Wednesday for paying Apple Inc to only use its chips, blocking out rivals such as Intel Corp.

Source: Reuters

Businesses, regulators and governments have just over 100 days to get ready for the biggest shake-up of personal data privacy rules since the birth of the internet, the European Union executive said on Wednesday, in a reminder of how much work still needs to be done.

Source: Reuters

All Sources: Reuters Reuters Los Angeles Times

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