Data Flows Set for Boost as EU Signs Off on Biden Privacy Revamp

The European Union approved a new deal governing transatlantic data transfers after it said US President Joe Biden addressed warnings from EU courts that American security agencies could unfairly access citizens’ data.

European Commission President Ursula von der Leyen on Monday said the EU’s executive adopted a so-called adequacy decision, allowing thousands of firms to safely ship data to the US without fear of violating EU privacy law — for the time being.

Didier Reynders, the EU’s justice commissioner, told reporters in Brussels he’s “sure” the new pact will also face a challenge at the EU’s top court, like ...