LONDON — Europe’s top court on Thursday struck down a trans-Atlantic agreement that allows scores of companies to move data between the European Union and the United States, causing uncertainty for businesses who rely on moving digital information seamlessly around the world. The European Court of Justice in Luxembourg ruled that the agreement, known as Privacy Shield, did not comply with European privacy rights. Privacy Shield, created in 2016, allows businesses in the European Union and the United States to move data more easily between the two regions. Before the decision was announced, European officials played down the potential fallout, saying plans were in place to ensure commerce would not be interrupted. American and European officials will now have to negotiate a new deal for transferring digital information.

Source: International New York Times July 16, 2020 08:28 UTC