April



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April 24, 2017
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EU aims for data transfer deal with Japan and South Korea

The European Union hopes to seal commercial data transfer deals with Japan and South Korea to boost business ties, and plans to tackle barriers to the free flow of data within the bloc. 

Cross-border data flows are key to most businesses. These can include moving employee information around, credit card details to complete online transactions, and people's browsing habits to serve them targeted ads. However, strict EU data protection rules forbid companies from storing European's information on servers in countries deemed to have an inadequate level of privacy. 

A data transfer deal with Japan and South Korea would allow firms doing business there and in the EU to move data seamlessly without having to ask regulators for permission or setting up expensive legal contracts.

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April 24, 2017
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Crisis? What crisis? Study says Europe leads world in business talent

A major global study, the 3rd annual World Talent Report from IMD business school has identified crisis-riddled Europe as home to nine of the ten economies best equipped to develop, attract and retain business talent. 

Switzerland and Denmark still comfortably hold first and second spots, as they did last year, with Belgium rated third, Sweden fourth and the Netherlands fifth. Finland, Norway, Austria, Luxembourg and Hong Kong complete the top 10, with Germany (11), Iceland (16), Ireland (18) and the UK (20) also featuring in the first 20. 

Many prominent economies fare disappointingly, with the US 14th, as it was in 2015, Japan 30th and mainland China slipping further down the rankings to 43rd.

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April 24, 2017
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Kazakhstan introducing compulsory fingerprinting program

By 2021, Kazakhstan's Interior Ministry plans to create a national fingerprint database that would include details on all the country's citizens. 

The initiative will cost 36.8 billion tenge ($107 million). Kazakhstan is drawing on the experience of the European Union, where member nations of the Schengen zone are required to provide fingerprint information to obtain travel documents. 

Under the new rules, the chip incorporated in the document will also include prints from two fingers. The rules will also apply to foreign citizens living in Kazakhstan. 

DNA registration will be mandatory for people convicted of serious crimes. Refusing to register details will be punishable by a fine.

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