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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

PlayStation 4 sales help Sony swing to Q2 operating profit

By Makiko Yamazaki TOKYO (Reuters) – Sony Corp swung to a second-quarter operating profit as strong PlayStation 4 videogame sales helped to offset a fall in smartphone sales and keep the company on a recovery track after years of decline in its consumer electronics business. Sony said on Thursday its July-September operating profit came to 88 billion yen ($729 million), its best second-quarter operating profit in eight years. The profit