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On October 13, Moscow Mayor Sergei Sobyanin reported that between 8:30 PM Moscow time on October 12 and 7:00 AM today (October 13), 417 drones flew towards the Moscow region. Most were suppressed at a distance, and 65 were destroyed as they approached the city. Separately, the Russian Ministry of Defense reported that between 8:00 PM Moscow time on October 12 and 8:00 AM today, 604 Ukrainian drones were intercepted and destroyed in 15 regions and over the Sea of Azov.On October 13, Saudi Arabian officials said on the 12th that Saudi Arabia has launched an investigation to determine why its air defense system failed to intercept a large number of missiles and drones fired by the Houthi rebels in Yemen, including the Houthi airstrikes on King Khalid International Airport in Riyadh, the Saudi capital.On October 13th, Goldman Sachs believes that Russias planned release of diesel fuel will have little impact on global diesel prices, but estimates that a potential release of 50 million barrels from European strategic reserves could reduce wholesale diesel prices in the US Gulf Coast and Europe by $11 per barrel. Analyst Eamonn Sheridan stated that diesel remains the most stressed segment of the energy shock triggered by the Iran war, and Goldman Sachs view suggests that easing depends on government inventories, not additional Russian supply. The scale of the European reserve release simulated by Goldman Sachs would provide meaningful but temporary relief, narrowing refining margins and reducing pressure on transportation and industrial costs to pass on to inflation. The banks broader assessment is that the refined product market will remain tight until 2027, meaning any easing rebound in diesel prices is likely to be short-lived, crack spreads will remain high, and refiner margins will remain strong. For crude oil, continued diesel tightness keeps refinery operating demand high, supporting oil prices even if overall supply concerns ease.According to RIA Novosti, attacks by Ukraine on Russias Belgorod region in the past day have resulted in 3 deaths and 16 injuries.Germanys final September CPI figure will be released in ten minutes.

Microsoft Will Implement A "Data Barrier" For EU Customers on January 1st

Aria Thomas

Dec 16, 2022 10:37

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Microsoft Corp (NASDAQ:MSFT) said on Thursday that as of January 1, cloud clients in the European Union would be allowed to process and store portions of their data in the area.


The progressive implementation of its "EU data border" will encompass all of its main cloud services, including Azure, Microsoft 365, Dynamics 365, and the Power BI platform.


Since the EU enacted the General Data Protection Regulation (GDPR) in 2018, which safeguards user privacy, many corporations have grown increasingly concerned about the worldwide movement of client data.


The European Commission, the bloc's executive arm, is drafting recommendations to protect the privacy of European customers whose data is transmitted to the United States.


Microsoft's Chief Privacy Officer, Julie Brill, told Reuters, "As we dove more into this initiative, we realized that we needed to take a more staged approach."


"The initial phase will focus on client data. In the subsequent phases, we will incorporate logging data, service data, and other types of data into the border "She stated, She stated that the second phase would be completed by the end of 2023 and the third phase will be completed in 2024.


Microsoft maintains over a dozen datacenters in Europe, including France, Germany, Spain, and Switzerland.


For major corporations, data storage has become so extensive and dispersed across so many countries that it is impossible to determine where their data lives and if it conforms with regulations like GDPR.


"We are developing this solution to make our customers feel more secure and to enable them to have transparent talks with their regulators about where their data is handled and kept," Brill explained.


Microsoft has stated in the past that it would contest government demands for user data and would pay any customer whose data was given in violation of GDPR.