Sharp Corp's list of liabilities that prompted Taiwan's Foxconn to suspend signing a takeover deal was an unverified study of worst-case scenario risks, rather than liabilities requiring disclosure, a source briefed on the matter said. The list, sent to Foxconn on Wednesday, included previously undisclosed potential liabilities worth around 300 billion yen ($2.6 billion), prompting Foxconn founder and billionaire Terry Gou to hold off signing the estimated $5.8 billion deal, separate sources have said. Reuters was unable to ascertain why the list was sent to Foxconn, formally known as Hon Hai Precision Industry Co .
By Julia Fioretti BRUSSELS (Reuters) – The United States has set out limits to its use of data collected in bulk about European citizens after a new information-sharing pact was agreed this month, according to documents seen by Reuters. A clear explanation of what information could be used for — preventing its “indiscriminate” and “arbitrary” use — was a key condition of the new Privacy Shield framework that enables firms to easily transfer personal data to the United States. Under the deal, Washington agreed to create a specific new role within the State Department to deal with complaints and enquiries forwarded by EU data protection agencies.
Apple Inc on Thursday struck back in court against a U.S. government demand that it unlock an encrypted iPhone belonging to one of the San Bernardino shooters, arguing such a move would violate its free speech rights and override the will of Congress. The high-stakes fight between Apple and the government burst into the open last week when the U.S. Federal Bureau of Investigation obtained a court order requiring Apple to write new software and take other measures to disable passcode protection and allow access to shooter Rizwan Farook's iPhone. The clash has driven to the heart of a long-running debate over how much law enforcement and intelligence officials should be able to monitor digital communications.