Financial Times

[Commentary] While opinions may differ on the soundness of the European approach, it is difficult to dispute that the European Union is currently leading the charge on protecting consumers’ personal information online. Its General Data Protection Regulation (GDPR), which went into effect in May, is setting the standard for data protection. The US only has a small window to get back in the game and influence the shape of global digital privacy norms.

Three hours into an interrogation by British lawmakers, Cambridge Analytica’s former chief executive Alexander Nix stood up and thrust a slide deck at Members of Parliament: “I’ve tried,” he said, “to take what is ostensibly quite a complex structure and simplify it.” His four slides told a straightforward story about the analytics company, which shot to prominence after it was found to have used data from millions of Facebook users in political campaigns.

An overhaul of Europe’s telecoms laws, aimed at stimulating investment in new networks, has been branded a missed opportunity for the industry. The new European electronic communications code, the biggest shake-up in the sector’s governance since 2009, was approved on June 6. The agreement coincided with the release of a European Court of Auditors report that showed the European Union’s goal of connecting half of the region’s households to ultrafast broadband with speeds of 100 Mbps by 2020 was well behind target.

On both sides of the Atlantic, interest in news is high. The daily dramas of the Trump administration and the rollercoaster of the Brexit negotiations have fuelled sales of online subscriptions to US and UK newspapers grappling with the transition from print to a predominantly digital business model. The picture is bleaker for local newspapers. In the US there has been a hollowing out of a once-mighty sector.