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Internet firms to be subject to new cybersecurity rules in EU

By Julia Fioretti BRUSSELS (Reuters) – Internet firms such as Cisco, Google and Amazon will be subject to a new EU cybersecurity law forcing them to adopt tough security measures and possibly report serious breaches to national authorities, according to a document seen by Reuters. The so-called Network and Information Security Directive has been stuck in talks between member states and EU lawmakers because of disagreements over whether to include

Oil slides to lowest since March

Oil dropped to the lowest level in more than four months amid speculation a global glut that drove prices into a bear market will be prolonged. Goldman Sachs Group Inc. said the global crude oversupply is running at 2 million barrels a day and storage may be filled by the fall, forcing the market to adjust, analysts including Jeffrey Currie said in the report dated Thursday. U.S. crude supplies remain