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Sandberg transfers USD 31 mln in FB shares to charity

2016-01-18 09:20:00| Telecompaper Headlines

(Telecompaper) Facebook COO Sheryl Sandberg has set aside USD 31 million in the company's stock for her charity fund, Re/code reports, citing an SEC filing. The document shows that Sandberg transferred 290,000 shares to the Sheryl Sandberg Philanthropy Fund on 20 November, a day on which the shares closed at USD 107. The donor-advised fund allows givers to take tax breaks and to earn profit with no capital gains tax. Sandberg is expected to promote gender equality programmes.

Tags: to usd shares charity

MDA transfers Aegis Ashore in Romania to US 6th Fleet

2015-12-22 01:00:00| Naval Technology

The Missile Defense Agency (MDA) has transferred the Aegis Ashore Missile Defense System (AAMDS) in Romania to the operational commander of the US 6th Fleet.

Tags: romania 6th transfers fleet

EC issues guidelines on personal data transfers to the US

2015-11-06 13:25:00| Telecompaper Headlines

(Telecompaper) The European Commission has reiterated a deadline of three months to come to a new 'safe harbour' agreement with the US on the transfer of personal data between the territories. Following the EU court ruling in October scrapping the EC's previous designation of the US as a 'safe harbour' for data on EU residents, the European Commission has issued guidelines for businesses operating in the EU and sending protected data to the US. They may still legally do so under certain conditions, such as agreeing a contract or obtaining informed consent from the data subject or by agreeing rules on intra-company transfers with a national data protection regulator in the EU. The EC's guidelines provide detailed information on how to comply with these methods, including model contract clauses. However, the priority remains securing a new agreement on how the US must adapt its regulations for the protection of personal data in order to meet the EU's standards. The so-called Article 29 Working Party, which unites the EU's national privacy regulators, said shortly after the EU Court ruling that a new agreement should be in place within three months, or its members would start enforcing the court ruling as part of their obligations under the EU Data Protection Directive. EC Vice-President Andrus Ansip, responsible for the Digital Single Market, said the Commission was committed to taking "swift action", as directed by the Article 29 group. Justice Commissioner Vera Jourova added that EC representatives will be back in Washington next week to continue negotiations with the US.

Tags: the us data personal

Focus on Migration: Fix cash transfers for internal migrants

2015-11-02 10:00:00| Climate Ark Climate Change & Global Warming Newsfeed

SciDevNet: Having been sidelined by the Millennium Development Goals, it is a welcome change to see migration included in the post-2015 goals. Six SDGs refer to mobility in one way or another, and specialists have applauded them for 'recognizing the positive contributions of migrants and their fundamental role in sustainable development'. Goal 10, on reducing inequality, refers to an important issue long-neglected in development debates: reducing the cost of remittances, or sending money home -- a vital source...

Tags: focus internal cash fix