Posts From King World News

U.S. won't halt NSA phone spying program ahead of ban

By Jonathan Stempel NEW YORK (Reuters) – A U.S. appeals court on Thursday refused to immediately halt the government’s systematic collection of millions of Americans’ phone records during a “transition” period to a new federal scheme that bans the controversial anti-terrorism surveillance. The 2nd U.S. Circuit Court of Appeals in New York said it would not disturb Congress’ decision, in adopting the USA Freedom Act in June, to provide a

Samsung Electronics unveils $9.9 billion buyback

By Se Young Lee SEOUL (Reuters) – Tech giant Samsung Electronics Co Ltd on Thursday unveiled a 11.3 trillion won ($9.9 billion) share buyback after reporting its first on-year profit growth in two years thanks to strong component sales, pushing its shares sharply higher. Samsung said it would cancel all shares purchased through the buyback, its biggest to date, and planned to give shareholders 30 percent to 50 percent of

U.S. sees new EU data-sharing pact within reach

By Georgina Prodhan FRANKFURT (Reuters) – A new transatlantic data-sharing agreement is within reach after the “Safe Harbour” deal used by thousands of companies to comply with EU privacy law was struck down by the highest EU court this month, U.S. Secretary of Commerce Penny Pritzker said. The so-called “Safe Harbour 2.0” agreement currently being negotiated would meet European concerns about the transfer of data to the United States, Pritzker