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Why Amazon s £636m GDPR fine really matters

We were promised huge fines and GDPR has finally delivered. Last week, Amazon’s financial records revealed that officials in Luxembourg are fining the retailer €746 million (£636m) for breaching the European regulation. The fine is unprecedented: it’s the biggest GDPR fine issued to date and is more than double the amount of every other GDPR fine combined. The financial penalty, which Amazon is appealing, comes at a time when GDPR is feeling the strain of lax enforcement and measly fines. Experts say companies are allowed to get away with abusing people’s privacy as GDPR investigations are too slow and ineffective. Some people even want GDPR to be ripped up entirely.

French automakers disappointed with slow rebound post-Covid

French automakers disappointed with slow rebound post-Covid Robert Besser 04 Aug 2021, 17:54 GMT+10 The French auto market is not rebounding as quickly as hoped for, with blame being placed on the global chip shortage and a new surge in COVID-19 infections Car registrations in France fell to 1.65 million from 2.21 million in 2019 as the coronavirus pandemic brought car manufacturing to a standstill The shortage of semiconductors, along with general uncertainty caused by the Covid pandemic, are impacting automakers, including Renault and Franco-Italian Stellantis PARIS, France: The French auto market is not rebounding as quickly as hoped for, with blame being placed on the global chip shortage and a new surge in COVID-19 infections, according to the auto manufacturers lobbying group CCFA-PFA.

Amazon hit with record €746 million fine for violating EU s GDPR

19 hours ago The e-commerce platform’s troubles don’t end here as Amazon is also facing multiple antitrust probes initiated by the European Commission, and by the CCI in India.  Luxembourg’s National Commission for Data Protection (CNPD) fined Amazon €746 million on July 16 for violating the European Union’s General Data Protection Regulation (GDPR), a regulatory filing by Amazon revealed. In addition to slapping a fine on the tech company, CNDP imposed “corresponding practice revisions,” the filing stated. The CNPD is the concerned regulator because Amazon’s EU headquarters is located in Luxembourg. Why it matters? This is the largest fine that has ever been imposed for a violation of the GDPR – the EU law for data protection and privacy that has become the model for data protection laws around the world since it went into effect in 2018.

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