The major indexes have stretched to all-time highs and are riding one of their best first halves in decades.Trading Nationread more
The brokerage says that the globe is "one step away" from recession as the world's two largest economies head to the G-20 summit.Marketsread more
As candidates from Elizabeth Warren and Bernie Sanders to John Delaney jockey for position in the 2020 Democratic primary, business issues will come up in the first debates.2020 Electionsread more
President Trump issues an executive order that would pressure insurers, doctors and other providers to disclose more information about health-care prices.Health and Scienceread more
Sen. Bernie Sanders will announce a plan Monday to forgive the country's $1.6 trillion outstanding student loan tab, intensifying the higher education policy debate in the...Personal Financeread more
J.P. Morgan analyst Stephen Tusa is sticking to his guns when it comes to General ElectricInvestingread more
The Supreme Court on Monday announced that it will not hear a challenge to President Donald Trump's tariffs on steel imports into the United States.Politicsread more
A bipartisan team of senators introduce the Dashboard Act to make social media companies disclose the value of user data.Technologyread more
Trump says he would impose additional sanctions against Iran in a bid to prevent the country obtaining nuclear weapons.World Politicsread more
The prospect of another military conflict in the Middle East prompted international benchmark Brent crude to climb around 5% last week.Energyread more
Here are the biggest calls on Wall Street on MondayInvestingread more
* Europe's top court to hear key data case on July 9
* ECJ ruling could cause companies major headaches
* Irish High Court referral cited well-founded concerns (Adds details, quotes)
DUBLIN, May 31 (Reuters) - The European Court of Justice (ECJ) will hear a landmark privacy case regarding the transfer of EU citizens' data to the United States in July, after Facebook's bid to stop its referral was blocked by Ireland's Supreme Court on Friday.
The case, which was initially brought against Facebook by Austrian privacy activist Max Schrems, is the latest to question whether methods used by technology firms to transfer data outside the 28-nation European Union give EU consumers sufficient protection from U.S. surveillance.
A ruling by Europe's top court against the current legal arrangements would have major implications for thousands of companies, which make millions of such transfers every day, including human resources databases, credit card transactions and storage of internet browsing histories.
The Irish High Court, which heard Schrems' case against Facebook last year, said there were well-founded concerns about an absence of an effective remedy in U.S. law compatible with EU legal requirements, which prohibit personal data being transferred to a country with inadequate privacy protections.
The High Court ordered the case be referred to the ECJ to assess whether the methods used for data transfers - including standard contractual clauses and the so called Privacy Shield agreement - were legal.
Facebook took the case to the Supreme Court when the High Court refused its request to appeal the referral, but in a unanimous decision on Friday, the Supreme Court said it would not overturn any aspect the ruling.
The High Court's original five-page referral asks the ECJ if the Privacy Shield - under which companies certify they comply with EU privacy law when transferring data to the United States - does in fact mean that the United States "ensures an adequate level of protection".
Facebook came under scrutiny last year after it emerged the personal information of up to 87 million users, mostly in the United States, may have been improperly shared with political consultancy Cambridge Analytica.
More generally, data privacy has been a growing public concern since revelations in 2013 by former U.S. intelligence contractor Edward Snowden of mass U.S. surveillance caused political outrage in Europe.
The Privacy Shield was hammered out between the EU and the United States after the ECJ struck down its predecessor, Safe Harbour, on the grounds that it did not afford Europeans' data enough protection from U.S. surveillance.
That case was also brought by Schrems via the Irish courts.
"Facebook likely again invested millions to stop this case from progressing. It is good to see that the Supreme Court has not followed," Schrems said in a statement. (Reporting by Padraic Halpin; Writing by Conor Humphries; Editing by Susan Fenton and Kirsten Donovan)