Latest news with #Clover
Irish Independent
a day ago
- Business
- Irish Independent
TikTok appeals DPC's €530m fine for improper data transfer, and takes Commission to the High Court
It is the latest legal attempt by Big Tech to overturn penalties imposed by the Irish privacy regulator. Of the more than €4bn in fines levied on companies including Meta and Amazon, only €20m has been paid so far. The other penalties are being challenged in the Irish courts. There is no date set for any of the hearings, as a decision is awaited from the European Court of Justice on a key legal point. The latest legal challenge, in which TikTok is being represented by Mason Hayes & Curran, relates to a DPC decision earlier this month to penalise the social network over improper data transfers from Ireland and the EU to China. 'TikTok failed to verify, guarantee and demonstrate that the personal data of European Economic Area (EEA) users, remotely accessed by staff in China, was afforded a level of protection essentially equivalent to that guaranteed within the EU,' DPC deputy commissioner Graham Doyle said at the time. 'As a result of TikTok's failure to undertake the necessary assessments, TikTok did not address potential access by Chinese authorities to EEA personal data under Chinese anti-terrorism, counter-espionage and other laws identified by TikTok as materially diverging from EU standards.' We believe the EU should welcome and support solutions like Project Clover As well as the fine, TikTok was ordered to bring its processing into compliance within six months. In a further 'serious development', the DPC noted that, throughout its inquiry, TikTok had said it did not store EEA user data on servers in China. However, in April it told the regulator that, two months earlier, it discovered that 'limited' data had in fact been stored on Chinese servers. 'TikTok informed the DPC that this discovery meant it had provided inaccurate information to the inquiry,' the regulator pointed out. The DPC is currently engaging with other European data regulators on that issue. After the DPC announced the fine, TikTok said it disagreed with the decision and planned to appeal it in full. Christine Grahn, its head of public policy and government relations in Europe, claimed the decision failed to fully consider Project Clover, its €12bn industry-leading data security initiative that includes some of the most stringent data protections anywhere. 'It instead focuses on a select period from years ago, prior to Clover's 2023 implementation, and does not reflect the safeguards now in place,' she said. ADVERTISEMENT 'The DPC itself recorded in its report what TikTok has consistently said: it has never received a request for European user data from the Chinese authorities, and has never provided European user data to them.' Ms Grahn said that with 175 million users in Europe, more than 6,000 employees, and a platform that has helped small businesses contribute €4.8bn to GDP and over 51,000 jobs, TikTok was deeply integrated into Europe's economy. TikTok also claimed the penalty delivered a blow to the EU's competitiveness. 'At a time when European businesses and economies need innovation, growth and jobs, we believe the EU should welcome and support solutions like Project Clover, as a way to facilitate secure data flows between the EU and non-adequate countries, while guaranteeing the most robust protections for European data security and privacy.'
Yahoo
2 days ago
- Business
- Yahoo
Fiserv reaffirms Clover revenue goal
This story was originally published on Payments Dive. To receive daily news and insights, subscribe to our free daily Payments Dive newsletter. Fiserv still expects its Clover point-of-sale unit to take in $3.5 billion in revenue this year, despite disclosures during the first-quarter earnings call that suggested the fast-growing business was plateauing, Chief Financial Officer Bob Hau said at an investor conference last week. 'That's our expectation to deliver that $3.5 billion dollars, and we feel good about our ability to do that,' Hau said. 'I certainly recognize that the reported (Clover gross payment volumes) for the first quarter, and our outlook for the second quarter at 8% was a surprise, or a disappointment,' Hau acknowledged at the Barclays Emerging Payments and Fintech Forum on May 20. The volume growth flat-lining over the two quarters was due at least partly to the company focusing on 'quality' volume from small businesses that are large enough to buy additional services offered by Fiserv, with the company less interested in 'micro-merchant,' he said. 'We could get lots more volume, but that would not be the quality volume,' Hau said. Following Fiserv's first-quarter earnings report on April 24, analysts and investors wondered what the slowdown in Clover's volume might mean. For instance, analysts at Keefe, Bruyette and Woods suggested it might be a sign that Fiserv, which had developed a payments reputation similar to the 'gold standard' names Visa and Mastercard, was slipping. The Milwaukee-based company reported specifically that Clover's revenue climbed 27% over the year-earlier quarter despite the slowdown in payments volume growth. Restaurants and other merchants use the POS to take consumer payments. Hau noted in his comments last week that the first-quarter growth this year was in addition to 30% revenue growth for the first quarter of 2024, over 2023. 'Clover's rapid growth fueled optimistic valuation cases but in the most recent quarter, a sharp slowdown in Clover's payment volume growth — not revenue — sent the stock tumbling (~18%),' the Keefe, Bruyette and Woods analysts wrote in a May 17 note to their clients. 'While revenue growth remains solid (+27% in 1Q), many fear this volume inflection is the first derivative, raising concerns that the second derivative—revenue growth—could eventually follow suit.' Hau's comments came after the price of Fiserv's stock plunged following the first-quarter earnings report and the outlook provided afterward in a webcast with analysts. He delivered a preamble at the Barclays conference meant to address those investor concerns. 'Clearly, it's been a difficult stretch for all of us investors,' Hau said in those initial remarks. The challenge for the Clover service, which has been expanding at a rapid rate across geographies, comes as the company has had a change in leadership. Earlier this month, Mike Lyons became Fiserv's CEO after Frank Bisignano was confirmed as the Trump administration's new commissioner overseeing the Social Security Administration. Clover's volume slowdown could have something to do with reports earlier this month that consumer sentiment was slumping, despite a rebound reported this week. Fiserv's chief operating officer, Takis Georgakopoulos, told the Barclays audience that the economy wasn't affecting the company's outlook. 'When you look at the actual spending data, you see a modest slowdown, not a decline,' Georgakopoulos said, noting a drop in the average tab amount for some sectors, like restaurants. 'So, I would say slower growth, but still growth.' Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Scotsman
3 days ago
- Entertainment
- Scotsman
Walking with Dinosaurs BBC: what time is it on TV today?
Walking with Dinosaurs is returning to the BBC this evening 🐱🐉 Sign up to our daily newsletter Sign up Thank you for signing up! Did you know with a Digital Subscription to Edinburgh News, you can get unlimited access to the website including our premium content, as well as benefiting from fewer ads, loyalty rewards and much more. Learn More Sorry, there seem to be some issues. Please try again later. Submitting... Walking with Dinosaurs is stomping back onto our screens. The iconic series is returning for a brand new series. But what time will it be on TV? After two decades the iconic Walking with Dinosaurs will be stomping onto our screens again. The stunning documentary first wowed audiences back in 1999 by bringing the prehistoric world to life. Across the six episodes audiences will meet a range of spectacular dinosaur species in an array of prehistoric landscapes in this reimaging of the legendary series. The BBC adds: 'Thanks to cutting-edge science, experts can reveal how these prehistoric creatures lived, hunted, fought and died more accurately than ever before.' Advertisement Hide Ad Advertisement Hide Ad But what time will it be on and what can you expect? Here's all you need to know: How to watch Walking with Dinosaurs? The six-part series is set to be broadcast on BBC One and iPlayer. It will air weekly on the Beeb's main channel on Sunday evenings from today (May 25). Clover, a triceratops, in Walking with Dinosaurs | BBC/PBS/ZDF/France Télévisions What time is Walking with Dinosaurs on TV? Dinosaur lovers will want to make sure they know exactly what time the show starts. It is set to begin at 6.25pm today and the episode is due to run for 50 minutes - finishing at approximately 7.15pm. Advertisement Hide Ad Advertisement Hide Ad If you can't watch it live, it will be available on catch up via BBC iPlayer. What to expect from Walking with Dinosaurs today? The first episode will introduce audiences to Clover, an orphaned baby Triceratops, in Laramidia, a lush, subtropical landscape 66 million years ago. Helen Thomas, Executive Producer, said: 'The story of Clover is so fascinating because, like the whole series, it is based on the real finds from a unique dig site. In the case of Clover, finding the bones of a very young Triceratops is rare in itself as so many ended up as lunch for the many predators roaming north America in the late Cretaceous. 'But Clover's story was something even more special - close to her dig site the team found remains of the most infamous predator of them all – T. rex. Unearthing the bones of predator and prey so close together enabled us to reveal the latest science of these iconic species and tell their extraordinary stories.' Advertisement Hide Ad Advertisement Hide Ad The following week will focus on a Spinosaurus called Sobek. But more on that next week! Have you got a story you want to share with our readers? You can now send it to us online via YourWorld at . It's free to use and, once checked, your story will appear on our website and, space allowing, in our newspapers.
Metro
4 days ago
- Entertainment
- Metro
Walking With Dinosaurs viewers devastated as change has 'ruined' beloved show
To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video A reboot of iconic BBC series Walking With Dinosaurs returned to screens tonight, 26 years after its very first episode aired. The first of six hotly-anticipated brand new episodes followed the journey of three-month-old Triceratops Clover as she attempted to survive a harsh environment, pursued by a ravenous T-Rex. During her voyage, the orphan dinosaur also meets a young Edmontosaurus playmate with whom she forms a quick bond… before disaster strikes. Stepping in for original narrator Sir Kenneth Branagh, the rebooted Walking With Dinosaurs is voiced by The Crown star Bertie Carvel, who is along with Clover for every step of her perilous jaunt. But Bertie isn't the only human on the series' roster – it has now been updated to include segments in the present day, where experts examine fossilised dinosaur poo and dust off Clover's real-life bones. This format change has proved controversial among purists, who have hit back, saying that the show has now been 'ruined.' Writing on X as the first episode aired, fans shared their thoughts on the all-new Walking With Dinosaurs. 'The constant switching between the past and future ruins this for me. The original Walking with Dinosaurs never did this and was part of the reason why it was so successful,' wrote @AmyTeamLH, signing off: 'We want dinosaurs, not people.' @miss_laura_82 agreed, saying: 'Prefer the original version with dinosaurs not all this cutting to modern day digs. Just make a Jurassic time team for that and let us see the dinosaurs.' 'Are they going to interject the experts talking about dinosaurs with the Dinosaur reenactments? If they are going to do this all season, then sorry, I'm out!', said @RealEnli. 'Honestly what have they done to walking with dinosaurs??? Why are there humans? Why are we looking at people using drones?? I've barely seen any dinosaurs and its only ep 1,' bemoaned @Darklordofall23. Future episodes will travel to prehistoric Morocco, where a giant Spinosaurus – the largest dinosaur to ever roam the Earth – stalks the local rivers. And, in the present day, a dig team makes a series of discoveries about a tribe of Albertosaurus, while, in the past, a young female hunter attempts to prove herself to her tribe. Meanwhile, in Portugal, an old Lusotitan attempts to secure his bloodline by looking for love, facing off with a young rival as he meets his mate. Of the new series, the BBC head of commission said: 'A whole new generation of viewers is about to fall in love with Walking With Dinosaurs. 'The original series was one of the most exciting factual shows of all time, and this reinvention builds on that amazing legacy. More Trending 'Each episode is underpinned by the very latest science but is also filled with drama – making this a series for both dino lovers and people who just want to be told a great story.' First airing in 1999, the series' original iteration was watched by 15million viewers in the UK – making it one of the most-watched science programmes on British TV in the 20th century. Utilising the then-groundbreaking technology, it cost an eye-watering £6.1million to produce – equating to £37,654 per minute, and making it the most expensive documentary series ever made. Walking With Dinosaurs airs on Sundays at 6:25pm on BBC One with all episodes available for streaming on iPlayer now. Got a story? If you've got a celebrity story, video or pictures get in touch with the entertainment team by emailing us celebtips@ calling 020 3615 2145 or by visiting our Submit Stuff page – we'd love to hear from you. View More » MORE: Gary Lineker sneaks through underground entrance ahead of final Match of the Day MORE: Dawn French leads tributes after death of Alan Yentob aged 78 MORE: Doctor Who fans convinced they've worked out what shock villain is plotting
Scotsman
5 days ago
- Entertainment
- Scotsman
Walking with Dinosaurs BBC: what time is it on TV today?
Walking with Dinosaurs is returning to the BBC this evening 🐱🐉 Sign up to our Arts and Culture newsletter Sign up Thank you for signing up! Did you know with a Digital Subscription to The Scotsman, you can get unlimited access to the website including our premium content, as well as benefiting from fewer ads, loyalty rewards and much more. Learn More Sorry, there seem to be some issues. Please try again later. Submitting... Walking with Dinosaurs is stomping back onto our screens. The iconic series is returning for a brand new series. But what time will it be on TV? After two decades the iconic Walking with Dinosaurs will be stomping onto our screens again. The stunning documentary first wowed audiences back in 1999 by bringing the prehistoric world to life. Across the six episodes audiences will meet a range of spectacular dinosaur species in an array of prehistoric landscapes in this reimaging of the legendary series. The BBC adds: 'Thanks to cutting-edge science, experts can reveal how these prehistoric creatures lived, hunted, fought and died more accurately than ever before.' Advertisement Hide Ad Advertisement Hide Ad But what time will it be on and what can you expect? Here's all you need to know: How to watch Walking with Dinosaurs? The six-part series is set to be broadcast on BBC One and iPlayer. It will air weekly on the Beeb's main channel on Sunday evenings from today (May 25). Clover, a triceratops, in Walking with Dinosaurs | BBC/PBS/ZDF/France Télévisions What time is Walking with Dinosaurs on TV? Dinosaur lovers will want to make sure they know exactly what time the show starts. It is set to begin at 6.25pm today and the episode is due to run for 50 minutes - finishing at approximately 7.15pm. Advertisement Hide Ad Advertisement Hide Ad If you can't watch it live, it will be available on catch up via BBC iPlayer. What to expect from Walking with Dinosaurs today? The first episode will introduce audiences to Clover, an orphaned baby Triceratops, in Laramidia, a lush, subtropical landscape 66 million years ago. Helen Thomas, Executive Producer, said: 'The story of Clover is so fascinating because, like the whole series, it is based on the real finds from a unique dig site. In the case of Clover, finding the bones of a very young Triceratops is rare in itself as so many ended up as lunch for the many predators roaming north America in the late Cretaceous. 'But Clover's story was something even more special - close to her dig site the team found remains of the most infamous predator of them all – T. rex. Unearthing the bones of predator and prey so close together enabled us to reveal the latest science of these iconic species and tell their extraordinary stories.' Advertisement Hide Ad Advertisement Hide Ad The following week will focus on a Spinosaurus called Sobek. But more on that next week!
