Facebook CEO Mark Zuckerberg is expected to speak with leaders of the European parliament next week about the data protection scandal that has engulfed his company — but might avoid a public testimony like the one he endured in the US.
The EU and British parliaments have been calling for Mr Zuckerberg to submit to an on-air grilling since it emerged earlier this year that a company, political consultants Cambridge Analytica, had been allowed to misuse the data of millions of Facebook users.
While Mr Zuckerberg testified last month to Congress, he had long been noncommittal on his appearance in Europe, sending his chief technical officer to speak to the British parliament and delaying confirmation of any visit to Brussels.
On Wednesday, EU parliament president Antonio Tajani confirmed that Mr Zuckerberg “will be in Brussels as soon as possible, hopefully already next week” and would meet with parliamentary leaders and an expert on civil liberties and justice.
That suggests he will avoid an uncomfortable public appearance and instead meet only with the legislature’s top brass behind closed doors.
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Facebook shakes up its management and launches a blockchain division
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Facebook came away largely unscathed from Mr Zuckerberg’s testimony to Congress in April. Shares in the company even rose after his appearance. And several of the lawmakers often appeared to fail to grasp the technical details of Facebook’s operations and data privacy.
He might get tougher questions in Brussels, where an assertive new European data protection law comes into effect on May 25. The law will give Facebook’s millions of European users more control over what companies can do with what they post, search and click.
Yet the question of whether Mr Zuckerberg should explain himself publicly remains a point of contention.
The president of the ALDE liberal group, Guy Verhofstadt already said he would not attend the meeting if it was behind closed doors. “It must be a public hearing – why not a Facebook Live?” he asked in a tweet.
Mr Tajani said that simply showing up to explain himself was already a good move. “It is a step in the right direction towards restoring confidence,” he said. “Our citizens deserve a full and detailed explanation.”
On Monday, Mr Zuckerberg will also attend a meeting organised by French president Emmanuel Macron aimed at pressuring tech giants to use their global influence for public good.
Mr Zuckerberg’s EU visit will be his first since a whistleblower alleged that Cambridge Analytica improperly harvested information from more than 50 million Facebook accounts to help Donald Trump win the 2016 presidential election. Cambridge says none of the Facebook data was used in the Trump campaign, and Facebook is investigating.
Damian Collins, the head of the British parliament’s media committee, has said he hopes Mr Zuckerberg would take advantage of his trip to Europe next week to visit London and testify there as well.
The Facebook boss has so far declined to appear, to the British lawmakers’ annoyance. Mr Collins warned Mr Zuckerberg last month that if he does not come voluntarily, he could be issued a formal summons, which would force him to appear before the parliament when he next enters the country.
Financial considerations before buying a property
Buyers should try to pay as much in cash as possible for a property, limiting the mortgage value to as little as they can afford. This means they not only pay less in interest but their monthly costs are also reduced. Ideally, the monthly mortgage payment should not exceed 20 per cent of the purchaser’s total household income, says Carol Glynn, founder of Conscious Finance Coaching.
“If it’s a rental property, plan for the property to have periods when it does not have a tenant. Ensure you have enough cash set aside to pay the mortgage and other costs during these periods, ideally at least six months,” she says.
Also, shop around for the best mortgage interest rate. Understand the terms and conditions, especially what happens after any introductory periods, Ms Glynn adds.
Using a good mortgage broker is worth the investment to obtain the best rate available for a buyer’s needs and circumstances. A good mortgage broker will help the buyer understand the terms and conditions of the mortgage and make the purchasing process efficient and easier.
Red flags
- Promises of high, fixed or 'guaranteed' returns.
- Unregulated structured products or complex investments often used to bypass traditional safeguards.
- Lack of clear information, vague language, no access to audited financials.
- Overseas companies targeting investors in other jurisdictions - this can make legal recovery difficult.
- Hard-selling tactics - creating urgency, offering 'exclusive' deals.
Courtesy: Carol Glynn, founder of Conscious Finance Coaching
Scoreline
Ireland 16 (Tries: Stockdale Cons: Sexton Pens: Sexton 3)
New Zealand 9 (Pens: Barrett 2 Drop Goal: Barrett)
The National's picks
4.35pm: Tilal Al Khalediah
5.10pm: Continous
5.45pm: Raging Torrent
6.20pm: West Acre
7pm: Flood Zone
7.40pm: Straight No Chaser
8.15pm: Romantic Warrior
8.50pm: Calandogan
9.30pm: Forever Young
ALL THE RESULTS
Bantamweight
Siyovush Gulmomdov (TJK) bt Rey Nacionales (PHI) by decision.
Lightweight
Alexandru Chitoran (ROU) bt Hussein Fakhir Abed (SYR) by submission.
Catch 74kg
Omar Hussein (JOR) bt Tohir Zhuraev (TJK) by decision.
Strawweight (Female)
Seo Ye-dam (KOR) bt Weronika Zygmunt (POL) by decision.
Featherweight
Kaan Ofli (TUR) bt Walid Laidi (ALG) by TKO.
Lightweight
Abdulla Al Bousheiri (KUW) bt Leandro Martins (BRA) by TKO.
Welterweight
Ahmad Labban (LEB) bt Sofiane Benchohra (ALG) by TKO.
Bantamweight
Jaures Dea (CAM) v Nawras Abzakh (JOR) no contest.
Lightweight
Mohammed Yahya (UAE) bt Glen Ranillo (PHI) by TKO round 1.
Lightweight
Alan Omer (GER) bt Aidan Aguilera (AUS) by TKO round 1.
Welterweight
Mounir Lazzez (TUN) bt Sasha Palatkinov (HKG) by TKO round 1.
Featherweight title bout
Romando Dy (PHI) v Lee Do-gyeom (KOR) by KO round 1.
How to protect yourself when air quality drops
Install an air filter in your home.
Close your windows and turn on the AC.
Shower or bath after being outside.
Wear a face mask.
Stay indoors when conditions are particularly poor.
If driving, turn your engine off when stationary.
INFO
What: DP World Tour Championship
When: November 21-24
Where: Jumeirah Golf Estates, Dubai
Tickets: www.ticketmaster.ae.
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Who was Alfred Nobel?
The Nobel Prize was created by wealthy Swedish chemist and entrepreneur Alfred Nobel.
- In his will he dictated that the bulk of his estate should be used to fund "prizes to those who, during the preceding year, have conferred the greatest benefit to humankind".
- Nobel is best known as the inventor of dynamite, but also wrote poetry and drama and could speak Russian, French, English and German by the age of 17. The five original prize categories reflect the interests closest to his heart.
- Nobel died in 1896 but it took until 1901, following a legal battle over his will, before the first prizes were awarded.