(Photo: Reuters)German Chancellor Angela Merkel said on Saturday that the digital world needs regulations like those that exist for financial markets in the G20 and for trade under the World Trade Organization. "We still have no international rules," Merkel said alongside Mexican President Enrique Pena Nieto during a visit to Mexico City, stressing that there were important security concerns without common standards. Merkel pointed to an agreement by G20 nations to fight cyber attacks on the global banking system. Germany has said it wants to establish a common global plan to promote fast internet for all and agree on common technical standards at the G20 meeting in Hamburg next month. ALSO READ: Macron wins Merkel backing for bid to shake up EuropeEurope and the United States needed to work together on ensuring sensible rules because standards had been very erratically set so far, Merkel said.

Source: Standard Digital June 11, 2017 06:11 UTC