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tv   Business Briefing  BBC News  December 19, 2019 5:30am-5:46am GMT

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k this is the business briefing. i'm sally bundock. a transatlantic battle over privacy. europe's top court to hear whether us tech giants can keep gathering personal data on eu citizens. plus — the planet is ‘at steak‘ — but can beef ever be carbon neutral? brazilian farmers say it can. and on the markets, asian shares have pulled back from their highest level in one—and—a—half years — but markets are largely shrugging off the vote to impeach president trump. the pound sterling still suffering on concerns a no—deal brexit could still be a risk.
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we start in the tiny state of luxembourg — where a legal battle between privacy campaigners and tech giants including facebook reaches a critical moment today. what the european court ofjustice is advised by one of its top lawyers — could affect how the personal data of hundreds of millions of people is handled. it's all about the rules which allow companies to transfer people's data out of the european union — primarily to the us where most tech giants are based. it's being driven by austrian activist max schrems — this who first challenged facebook over privacy as a young law student eight years ago.
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in 2015 he successfully challenged the eu's old system of safeguarding its citizens' data when it was transferred to the us — arguing it wasn't good enough. if the court agrees that the eu's latest system isn't up to scratch — then thousands of companies — from tech firms to banks to carmakers — would have to stop exporting eu citizens' data. under new general data protection regulations — gdpr — they could be fined up to 4% of global revenue if they don't. earlier this year of course facebook received a record fine by us regulators for abusing users' data — but campaigners say it didn't go far enough. iam i am pleased to announce that the ftc and the department ofjustice have reached a groundbreaking privacy settlement with facebook. this settlement imposes a
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record—breaking $5 billion penalty, includes new strict measures to change the way the company addresses consumers privacy and holds facebook and its executives accountable for the decisions they make about privacy in the future. this settle m e nt privacy in the future. this settlement is the result of an exhaustive investigation which concluded that facebook betrayed the trust of its users and deceived them about their ability to control their personal information. adam rose, data protection partner at mishcon de reya. good morning adam. what do you think will happen today in terms of the advice given to european court of justice? advice given to european court of justice? an awkward position here because the advice will come out in three hours time so we are guessing slightly. he really has two options. he can either say that the system we have put in place to protect personal data being transferred outside the eu is unlawful and does
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not give the protections and i will probably come back to mention why that might be. or he might say it is fine, it does what it needs to do to protect data. i think you will find against the system and i think there isa against the system and i think there is a risk that he does so. why? the background to this is that the eu has always said it is a fundamental human right that our personal data is protect it. it is very much saying your personal data needs to be kept secure and safe and one of the things that the eu has done is say we have gdpr now giving a level playing field, have a high standard of protection. and we were happily getting along under the old regime you mentioned, safe harbour, of sending data to america and other systems for sending data to other countries and then we found out about the nsa, an organisation we had never heard of. it turned out they were able to see all our personal data. so we say america
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does not give the protection that europe expects for personal data, for people in europe. and they replace for people in europe. and they re pla ce safe for people in europe. and they replace safe harbour with a new regime but the nsa still exists. and although the nsa and america have that they will do less, i think it has got to be potentially the case that the advocate general will turn around and say i am not sure. where could this lead 7 around and say i am not sure. where could this lead? the advocate general today saying i'm not sure on the ecj general today saying i'm not sure on the ec] later ruling that things need to change again. that is more barriers going up isn't it? in the relationship between the eu and the us. this is one of the macro problems, the realpolitik problems, the business problem that you are trying to protect personal data and business needs to operate. there is a bunch of problems, a bunch of data going between america europe and everywhere else in the world. even if the advocate general advises this
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is unlawful and let's say the ec] agrees, which they usually do. most of the time they follow the advice of the time they follow the advice of the time they follow the advice of the expert reporter on the issue. i don't think we're going to fall offa i don't think we're going to fall off a cliff edge. i think there is going to have to be a business solution, a commercial solution to this and there will probably be a ru nway this and there will probably be a runway out and a runway in and there will be a period of a year or so in which some new arrangement will kick in. and the likes of max schrems and others will be watching. he will be watching closely. that is what he does. he does. and we do rely on people like that to a degree. thank you adam for coming in and explaining all that. we expect that decision, all that advice, given in a few hours time and we will have you when it does come through. now let's turn to agriculture and the environment. green campaigners have long had a ‘beef‘ with the meat industry. the un panel on climate change says
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we should all eat less meat because of the damage done to the planet by cattle ranching. it's a big concern for farmers in brazil, one of the world's top producers and exporters. so researchers there are developing what they say is carbon—neutral beef. how does it work? take a look.
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let's go to the movies now — because star wars fans around the world are awaiting the release of the rise of skywalker today. one of those is rico hizon in singapore. may the force be with you. and with you, rico. will this live up to the box office expectations which are pretty high? that is the hope and eve ryo ne pretty high? that is the hope and everyone is expect king asia to deliver for rise of skywalker. franchise has a significant fan base in the region, especially injapan because last month the into the classical kabuki theatre. out of all 11 movies in the series, the 2015 film the force awakens receive biggest box office receipts with
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more than $2 billion worldwide. beating the final instalment of the hunger games and jurassic world. biggest test will be china whether franchise has not shown overwhelming as of yet. and to help move interest, they have teamed up with 10 cents to produce the first original chinese star wars story. the two companies will also distribute a0 translated star wars novels into chinese for the first time. disney has more plans for the franchise with disney plus, the streaming service launched by disney and their series entitled star wars, the man delorean. sally, i have something to tell you. nothing will stand in our way. i will fulfil our destiny. i love it, rico. i love it. you cannot scare me, you arejust
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far too nice. he is wasted on business news, really. rico, you are still in vision so don't do anything unusual. we have the markets to one side and japanese markets to the other, all markets are headed lower. firstly, a young man who suffered life changing industries —— injuries asa life changing industries —— injuries as a child has been a revolutionary new bionic arm. he lost a hand, most
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of his remaining fingers on both legs when he got meningitis at the age of five. he hopes his new limb will help in bond with his young son. here you go, your new arm. thank you. danny florence has waited a long time for this, more than 20 years, in fact, the chance to do something as simple i should be able to make a — bring my fingers down to make a fist, sort of thing. and now, when i raise it up, i can then bring this thumb in, and then do the same to make a little grip between the fingers. it's called the hero arm. made using a 3d printer, and responding to different muscle movements, it could transform danny's life. most importantly, he wants to be there for his one—year—old son, joshua, his bionic limb helping him become a six million dollar dad.
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when he gets a bit older, and he needs to fasten a zip on his coat, i should be able to do it, and i can't do it now. if he needs to strap in his seatbelt, i should be able to. danny says he has ambitions to be an artist, as well as being the best possible father he can, ready to be there with a helping hand. sir lindsay hoyle had been planning to wear the traditional speaker's wig at the state opening of parliament tomorrow. unfortunately, no—one can actually find it. bernard weatherill was the last to follow this centuries—old tradition but his successors have decided to go without. this is the briefing from bbc news. the latest headlines: donald trump has become only the third president in the history of the united states to be impeached
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by the house of representatives. protests in poland as mps vote on controversial reforms, which critics says willjeopardise judicial independence. now it's time to look at the stories that are making the headlines in the media across the world. we begin with the front page of the times and one of its own investigations has found some hedge funds have been eavesdropping on the bank of england's press conferences before they‘ re officially broadcast. it's apparently helped traders who try to profit from a headstart on the information. the telegraph's main story is on the state opening of parliament. it says borisjohnson will put the nhs at the heart of his domestic agenda as the queen sets out his programme for government in a few hours' time.
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the guardian's business pages among many covering this woman, denise coates. she's the owner and ceo of gambling website bet365 and britain's biggest—earning ceo. last year she earned around the same amount as 11,000 nurses. that's according to the guardian. more big earners on the forbes website, it says "the kids are killing it" when it comes to youtube — the highest paid content maker is just eight—years—old, earning $26 million in a year. and finally, business insider covers the reaction to the tilting toilet, designed to flush out workers who take too long on the loo. the invention causes discomfort if it's used for more than five minutes. the tilting toilet, wales. —— well.

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