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EU rejects U.S. data sharing plan

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The European Parliament exercised its new powers Thursday, rejecting a controversial data-sharing deal between the European Union and U.S. aimed at stemming the flow of international financing for terrorism.

EU lawmakers voted 378-196 against the deal, with 31 abstentions. The Parliament’s civil liberties committee, which was in charge of presenting the bill in the plenary session, had rejected the bill last week, saying it didn’t give Europe’s citizens sufficient safeguards over data privacy and legal redress.

Full story: EU Rejects U.S. Data Sharing Plan via WSJ.com