Arturo Estrella has a message for recession naysayers: It could hit sooner than you think.Marketsread more
Local governments commonly share single service providers, making many vulnerable at once. On top of this, ransomware has often been used to mask more targeted, malicious...Technologyread more
Salesforce released its first earnings report since its $15.3 billion acquisition of Tableau Software, the company's largest deal ever.Technologyread more
Fed Chairman Jerome Powell faces the tough challenge of presenting a unified voice on Fed policy from the most divided Fed in years.Market Insiderread more
Kudlow also said that he still expected Chinese negotiators to meet with Trump administration officials in Washington in September to continue trade talks.Politicsread more
VMware is following through on its proposal to buy Pivotal, a fellow Dell subsidiary, and expanding into cybersecurity with the acquisition of Carbon Black.Technologyread more
Google says it shut down hundreds of YouTube channels tied to misinformation around the Hong Kong protests.Technologyread more
It is a rare scenario where long-term interest rates suddenly fall below short-term interest rates.Real Estateread more
Investors are rushing to get a piece of its privately held rival Impossible Foods before it goes public, according to the Wall Street Journal.Food & Beverageread more
Weisler has been CEO at the company since 2015 when it split from HPE.Technologyread more
Sen. Ted Cruz came to the defense of toy-making giant Hasbro on Thursday after the company came under fire over a "Monopoly Socialism" game that takes as its slogan the phrase...Politicsread more
The law is aimed at bringing the EU's rules on copyright into the 21st century to help artists and publishers whose works have been widely dispersed on the internet.
A first reading of the new copyright directive was passed Tuesday in Strasbourg by lawmakers at the European Parliament. But it still needs to be ratified by ministers at the Council of Europe — this is the institution that brings together the different EU ministers according to their portfolios.
The planned reforms, which have been in the making since 2016, have led to a heated battle that pits large tech companies including Facebook, Google and Twitter against artists and media firms.
Google has been particularly critical of the law, which threatens to impact the business model of its video sharing service YouTube and news aggregation platform Google News.
Following the vote in the European Parliament, the tech giant said the new law has seen improvement from an original draft, but will still lead to legal uncertainty and hurt the creative industries.
"The details matter, and we look forward to working with policy makers, publishers, creators and rights holders as EU member states move to implement these new rules," a spokesperson for the company said.
Twitter said it remained concerned about the potential ramifications of Tuesday's vote for the internet.
"We will continue to engage with EU member states and civil society as the implementation process evolves," a spokesperson for the firm said.
Facebook declined to comment.
One section of the law could result in the implementation of pre-filtering systems that block internet users from sharing memes and other content containing copyright-protected material.
Another part of the copyright overhaul would require news aggregation services like Google's to negotiate commercial licenses with publishers in order to post snippets or links to articles.
On the tech side, Google and a number of high-profile figures including internet pioneer Tim Berners-Lee and Wikipedia founder Jimmy Wales have railed against the new EU copyright directive. In the media corner, famous artists from ex-Beatle Paul McCartney to Blondie singer Debbie Harry have argued in favor.
According to the European Parliament, the new directive specifies that uploading works to online encyclopedias in a non-commercial way, such as Wikipedia, or open source software platforms, such as GitHub, will automatically be excluded. Start-up platforms will be subject to lighter obligations than more established ones.
"What we have approved is sensible, proportionate and sees the law finally catching up with the digital age," Sajjad Karim, a member of the European Parliament representing Britain's Conservative Party, said.
"The emergence of new business models and platforms has led to an uneven playing field and change is essential."
Pro-internet freedom activists claim the new law will censor everything from memes to snippets of music and film. Supporters of the law, meanwhile, argue that people and companies in the creative industries are being starved of revenues lost to the sharing of their intellectual property on online platforms.
"The main problem I can see is it's very unclear how tech companies are supposed to comply with those obligations," Kathy Berry, an intellectual property lawyer at Linklaters, told CNBC ahead of the vote.
Berry, who characterized the episode as "Hollywood versus Silicon Valley" said questions remain unanswered over how tech companies should take a "proportionate response" against copyrighted material online.
—CNBC's Silvia Amaro contributed to this article.