The European Union said it had agreed in principle with the U.S. on a new trans-Atlantic data-transfer pact, as both sides race to complete the deal after the bloc’s highest court junked a previous framework used by thousands of firms. The European Court of Justice this month invalidated a 15-year old agreement, known as Safe Harbor, which allowed businesses to move Europeans’ data, such as payroll information, to servers in the U.S.
- Read the article: The Wall Street Journal
