• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

The U.S. campaigned to host the World Cup. Now soccer fans will trade their countries' train system for the U.S.'s 'D' rated infrastructure

2

Jeff Bezos wants the bottom half of earners to pay zero income tax—he says nurses making just $75K should save $12K a year

3

The Supreme Court handed Trump a Golden Chariot on tariffs — now he just has to take it

1

The U.S. campaigned to host the World Cup. Now soccer fans will trade their countries' train system for the U.S.'s 'D' rated infrastructure

2

Jeff Bezos wants the bottom half of earners to pay zero income tax—he says nurses making just $75K should save $12K a year

3

The Supreme Court handed Trump a Golden Chariot on tariffs — now he just has to take it
Techdata laws

‘Open yet sovereign’: Europe proposes a new data regime to boost its digital economy

By
Natalia Drozdiak
Natalia Drozdiak
,
Bloomberg
Bloomberg
, and
Wilder Davies
Wilder Davies
Down Arrow Button Icon
By
Natalia Drozdiak
Natalia Drozdiak
,
Bloomberg
Bloomberg
, and
Wilder Davies
Wilder Davies
Down Arrow Button Icon
November 25, 2020, 8:58 AM ET

The European Union has proposed new rules to allow companies access to public and personal data, an effort to compete with U.S. and Asian giants and encourage innovation in areas like climate change and health.

The rules proposed by the European Commission, the bloc’s executive body, would grant businesses and research organizations access to data normally blocked off due to privacy, commercial confidentiality, or intellectual property rights. It will also make it easier for people to donate their data for non-commercial research.

The bloc’s tough data protection rules, called the General Data Protection Regulation or GDPR, would still apply, and companies and public agencies would need to implement technical solutions to ensure privacy is respected. Personal data, for instance, would need to be anonymized before companies were granted access.

“With the ever-growing role of industrial data in our economy, Europe needs an open yet sovereign single market for data,” said Internal Market Commissioner Thierry Breton, adding the regulation would “help Europe become the world’s number one data continent.”

The EU hopes that by giving companies access to more data, it will support businesses to build new services and products but also help researchers tackle societal challenges.

Under the proposal unveiled Wednesday, companies won’t be required to have their headquarters in Europe or forced to keep data in the region, but they would have to appoint local representatives to handle participation in the program.

Companies would also have to implement legal or technical measures to avoid having to comply with abusive or unlawful requests for data held in Europe from third country authorities, EU officials said. Both the U.S. and China impose rules on their companies that can require them to hand over data even if it’s stored abroad.

Any requests for data access to be considered lawful would have to be protected by an international agreement or respect European principles, including that the purpose for access is well-specified, an EU official said. Companies could also impose double encryption as a protective measure, the official said.

About the Authors
By Natalia Drozdiak
See full bioRight Arrow Button Icon
By Bloomberg
See full bioRight Arrow Button Icon
By Wilder Davies
See full bioRight Arrow Button Icon

Latest in Tech

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Tech

Sam Altman, wearing a suit, speaks in front of a dark red background.
AIOpenAI
Sam Altman and Dario Amodei are both walking back their AI jobs apocalypse prophecies as they eye blockbuster IPOs
By Sasha RogelbergMay 26, 2026
7 hours ago
Mark Cuban speaks onstage during a conference in Austin
CryptoBitcoin
Billionaire Mark Cuban says bye-bye Bitcoin: Why he is ‘disappointed’ by crypto
By Jack KubinecMay 26, 2026
7 hours ago
tt
InnovationRare Earth Metal
America’s manufacturing Achilles’ heel: McKinsey’s warning on rare earths grows louder
By Nick LichtenbergMay 26, 2026
8 hours ago
As China bets its future on AI by cutting arts degrees, Jensen Huang says parents shouldn’t worry about what their kids study
AIJensen Huang
As China bets its future on AI by cutting arts degrees, Jensen Huang says parents shouldn’t worry about what their kids study
By Marco Quiroz-GutierrezMay 26, 2026
9 hours ago
Largest study of AI hiring algorithms to date finds ‘clear racial disparities’ — over 25% of Black applicants tainted by bias
AIHiring
Largest study of AI hiring algorithms to date finds ‘clear racial disparities’ — over 25% of Black applicants tainted by bias
By Nick LichtenbergMay 26, 2026
9 hours ago
andrew macdonald
AITech
Uber burned through its entire 2026 AI budget in four months. Now its COO is questioning whether it’s worth it
By Jake AngeloMay 26, 2026
9 hours ago

Most Popular

The U.S. campaigned to host the World Cup. Now soccer fans will trade their countries' train system for the U.S.'s 'D' rated infrastructure
Travel & Leisure
The U.S. campaigned to host the World Cup. Now soccer fans will trade their countries' train system for the U.S.'s 'D' rated infrastructure
By Catherina GioinoMay 25, 2026
2 days ago
Jeff Bezos wants the bottom half of earners to pay zero income tax—he says nurses making just $75K should save $12K a year
Success
Jeff Bezos wants the bottom half of earners to pay zero income tax—he says nurses making just $75K should save $12K a year
By Preston ForeMay 21, 2026
5 days ago
The Supreme Court handed Trump a Golden Chariot on tariffs — now he just has to take it
Commentary
The Supreme Court handed Trump a Golden Chariot on tariffs — now he just has to take it
By Jeffrey Sonnenfeld and Steven TianMay 26, 2026
17 hours ago
The pig in the python: Baby boomers are strangling the economy they built by refusing to move or retire
Economy
The pig in the python: Baby boomers are strangling the economy they built by refusing to move or retire
By Nick LichtenbergMay 25, 2026
2 days ago
Current price of silver as of Tuesday, May 26, 2026
Personal Finance
Current price of silver as of Tuesday, May 26, 2026
By Joseph HostetlerMay 26, 2026
14 hours ago
Nvidia CEO Jensen Huang admits he criticizes everything his 42,000-plus employees show him: ‘You can’t go a day without some criticism’
Success
Nvidia CEO Jensen Huang admits he criticizes everything his 42,000-plus employees show him: ‘You can’t go a day without some criticism’
By Preston ForeMay 26, 2026
12 hours ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.