From techcrunch.com
The European Union has just announced reaching an agreement in principle with the US on a revived transatlantic data flows deal — potentially signalling an end to the many months of legal uncertainty that has dogged cloud services after a landmark court ruling in July 2020 which struck down the EU-US Privacy Shield.
“We have found an agreement in principle on a new framework for transatlantic data flows,” said European Commission president, Ursula von der Leyen, speaking at a joint press conference with US president Joe Biden today.