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Minnesota Enacts New Consumer Data Privacy Law: What Businesses Need to Know

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Minnesota has joined the growing list of U.S. states that have enacted comprehensive consumer data privacy laws. The Minnesota Consumer Data Privacy Act (MCDPA) introduces new regulations aimed at protecting consumer information and ensuring that businesses adhere to strict data protection standards. As data privacy becomes a critical issue for consumers and regulators alike, businesses operating in Minnesota must adapt to the new legal landscape.
Key Provisions of the Minnesota Consumer Data Privacy Act
The MCDPA is designed to give consumers more control over their personal data while imposing stricter obligations on businesses. Some of the key provisions include:

Data Subject Rights: The law grants consumers the right to access, correct, delete, and opt out of the sale of their personal data. Businesses must provide mechanisms for consumers to exercise these rights.
Transparency Requirements: Companies must clearly disclose their data collection and processing practices, including the types of data collected and the purposes for which it is used.
Data Security Obligations: Businesses are required to implement appropriate security measures to protect consumer data from unauthorized access, breaches, and misuse.
Enforcement and Penalties: The Minnesota Attorney General is authorized to enforce the law and impose penalties for non-compliance. Companies found in violation of the MCDPA could face significant fines and legal consequences.

Impact on Businesses Operating in Minnesota
The enactment of the MCDPA will have wide-reaching implications for businesses across various sectors. Companies that collect, store, or process consumer data must review their data practices and ensure compliance with the new regulations. Failure to comply could result in legal action, reputational damage, and financial penalties.
Businesses should take the following steps to prepare for the MCDPA:

Conduct Data Audits: Companies need to assess what data they collect, how it is used, and where it is stored. This will help identify any gaps in compliance.
Update Privacy Policies: Privacy policies must be revised to reflect the new transparency and disclosure requirements set out in the MCDPA.
Implement Consumer Rights Processes: Businesses must establish procedures for handling consumer requests related to data access, correction, deletion, and opt-outs.
Strengthen Data Security Measures: Robust data security protocols are essential to prevent breaches and ensure compliance with the law’s requirements.

The Broader Context: State-Level Privacy Laws in the U.S.
Minnesota’s new data privacy law is part of a broader trend of state-level privacy regulations in the U.S. With no comprehensive federal data privacy law in place, states like California, Virginia, and Colorado have enacted their own privacy laws, setting the standard for data protection across the country.
As more states introduce similar laws, businesses operating nationwide will need to navigate a complex and fragmented regulatory environment. Developing a comprehensive data privacy strategy that aligns with the most stringent state laws will be crucial for maintaining compliance and avoiding penalties.
Looking Ahead
The introduction of the MCDPA underscores the increasing importance of data privacy in today’s digital economy. Businesses that take proactive steps to comply with the new law will not only avoid legal risks but also build trust with consumers who are increasingly concerned about how their data is handled.
As the regulatory landscape continues to evolve, companies must stay informed and agile in adapting to new data privacy requirements. The MCDPA represents a significant shift toward stronger consumer protection and greater accountability for businesses, signaling a new era of data privacy regulation in Minnesota and beyond.
Source: Corporate Compliance Insights
The post Minnesota Enacts New Consumer Data Privacy Law: What Businesses Need to Know appeared first on HIPTHER Alerts.

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Thomson Reuters SYNERGY Conference Debuts in Dubai Bringing Customer-Driven Innovation to Legal, Tax and Finance Professionals

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Thomson Reuters (TSX/NYSE: TRI), a global content and technology company, today brings its premiere SYNERGY conference to the Middle East and North Africa for leaders in the legal, tax and finance professions.  In an increasingly complex regulatory environment, Thomson Reuters is delivering a customer-driven innovation roadmap to empower professionals with the knowledge and technology to solve business challenges.
Ibrahim Abdel Rehim, Regional Head, Middle East & North Africa, Thomson Reuters said: “By bringing our global flagship conference to Dubai for the first time in 2024, Thomson Reuters is showcasing its continued commitment to investing in the region. Our aim is to provide the knowledge, connections and technology to help professionals understand today and navigate tomorrow with confidence.”
Announcements at SYNERGY MENA 2024 include:

The launch of our new Westlaw Middle East: The new and improved legal research application demonstrates major advances in legal search and collaboration tools, enabling Westlaw Middle East customers to complete legal research quicker and more effectively than before. Lawyers in the Middle East will be able to access both Arabic and translated English legislation and case law, supporting them to stay ahead of the complex legal landscape.Sonya Syan, Head of Knowledge Management, Al Tamimi & Company, said: “As a longstanding client of Westlaw Middle East, we are delighted to see significant enhancements being made to the platform. The new interface is clean and much more user-friendly, catering to the needs of bilingual lawyers while greatly improving research efficiency and accuracy. These upgrades are timely as the region has seen accelerated growth in recent years, driving an increased demand for faster, more informed legal insights.”
Practical Law unveils expansion plans to deepen legal know-how content offering in Middle East: For the first time, lawyers will have access to growing repositories of locally maintained content designed to help them keep pace with regional legal developments, compare jurisdictions across the GCC, and gain an overview of the legal system in minutes.
Continuous investment in tax offerings: As the region looks to diversify revenue sources and standardize the tax systems, we’ve seen e-invoicing mandates already confirmed across five countries in the region with four more likely to follow. Thomson Reuters is dedicated to ensuring tax professionals stay compliant while navigating changing regulations through our continuous investment in ONESOURCE and our recent acquisition of Pagero, a global leader in e-invoicing and indirect tax solutions.
Deep dive into CoCounsel, the professional-grade GenAI assistant: Immersing attendees into the AI technology strategy and demonstrating our commitment to and progress toward transforming the way legal professionals work.His Excellency Professor Dr. Ebrahim Alhajri, President, Khalifa University, said: “We are committed to staying in the forefront of innovation and providing our students, faculty, and researchers with the best tools to succeed in a rapidly evolving world. Partnering with Thomson Reuters to implement CoCounsel is a significant step in our journey to integrate advanced AI solutions into our academic and operational framework. We are delighted to see the transformative impact this will have on our community.”

Other key topics from the day include:

The UAE’s Shift to a Digital First Nation: The opening keynote by His Excellency Dr. Saeed Al Dhaheri uncovers how leaders in the UAE propelled the nation to the forefront of digital innovation, with a look ahead to their ambitious roadmap for continued digital success.
Forces Shaping Professional Work: Panel discussion with industry leaders from Al Futtaim, Gartner and Abu Dhabi University exploring how AI and digital transformation is rapidly reshaping the UAE’s professional landscape, including insights from The Future of Professionals report.
Navigating Compliance Complexity: Tax, finance and legal experts discuss the latest developments and strategic implications of new regulations on multinationals, including insights from the Ministry of Finance and the UAE Cabinet.
International expansion of strategic industries: In a panel hosted by Reuters, leaders from Emirates, Masdar and Gradiant delve into the opportunities and challenges posed by macroeconomic trends on international expansion plans in their industries.

Thomson ReutersThomson Reuters (TSX/NYSE: TRI) (“TR”) informs the way forward by bringing together the trusted content and technology that people and organizations need to make the right decisions. The company serves professionals across legal, tax, accounting, compliance, government, and media. Its products combine highly specialized software and insights to empower professionals with the data, intelligence, and solutions needed to make informed decisions, and to help institutions in their pursuit of justice, truth, and transparency. Reuters, part of Thomson Reuters, is a world-leading provider of trusted journalism and news. For more information, visit tr.com.
The post Thomson Reuters SYNERGY Conference Debuts in Dubai Bringing Customer-Driven Innovation to Legal, Tax and Finance Professionals appeared first on HIPTHER Alerts.

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Clarivate Reveals Citation Laureates 2024

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Clarivate Plc (NYSE:CLVT), a leading global provider of transformative intelligence, today unveiled the Citation Laureates 2024 list – used to forecast future Nobel Prize recipients. These 22 exceptional scientists and economists spanning six countries have demonstrated such groundbreaking impact in their fields that their work is considered of Nobel stature. Experts at the Institute for Scientific Information (ISI) at Clarivate have identified 75 Citation Laureates prior to their Nobel success – often several years before they received Nobel honors.
This year’s Citation Laureates have made significant contributions to advancing key areas, including clean energy, nanotechnology, 3D protein structures, the economic impact of corruption, heart disease, molecular dynamics, quantum computing, genetic imprinting and condensed matter physics.
The list highlights 22 individuals based at leading academic institutions and corporate organizations. This year, 11 are based in the United States, six in the United Kingdom, two in Switzerland, and one each in Germany, Israel and Japan. These individuals have authored foundational research papers in their fields that are exceptionally highly cited and have had a broad societal impact.
John M. Jumper, Director at Google DeepMind and a Citation Laureate 2024, said: “Being named a Citation Laureate is a recognition of the impact our work has had – it’s not just about our discovery, but about the groundbreaking science being done on top of our discovery. This award recognizes that we are the shoulders on which other researchers are standing to see further. I’m deeply passionate that we’re able to make the work of scientists faster so medicine and science can work better for society.”
Demis Hassabis, CEO and Co-Founder at Google DeepMind and a Citation Laureate 2024, said: “I’m deeply honored to be named a Citation Laureate for 2024. I’ve dedicated my career to AI because of its potential to advance science and improve billions of lives, and AlphaFold is the first proof point of this promise. AlphaFold has been used by over 2 million researchers to advance critical work, from enzyme design to drug discovery. I believe AI will be one of the most beneficial technologies ever, enabling cures for devastating diseases, delivering truly personalized medicine, and powering ‘science at digital speed’.”
Emmanuel Thiveaud, Senior Vice President for Research & Analytics, Academia & Government at Clarivate said: “The Citation Laureates program is a tribute to the visionary minds driving innovation and societal impact across diverse fields of research. Their influence, evidenced by their extensive citation records, highlights the significant impact of their work on shaping future discoveries and contributions to societal progress. At Clarivate, we are proud to spotlight these pioneering individuals whose work offers transformative potential.”
Since 2002, analysts at the Institute for Scientific Information have drawn on publication and citation data from trusted journals in the Web of Science to identify potential Nobel Prize recipients in the fields of Physiology or Medicine, Physics, Chemistry and Economics. Out of nearly 61 million articles and proceedings indexed in the Web of Science since 1970, only 0.01% have been cited more than 2,000 times. Citation Laureates are selected from the authors of this group of papers.
The Citation Laureates 2024 are:

Physiology or Medicine

Jonathan C. Cohen, C. Vincent Prothro Distinguished Chair in Human Nutrition Research, University of Texas Southwestern Medical Center, Dallas, Texas, United States, and
Helen H. Hobbs, Investigator of the Howard Hughes Medical Institute; Professor of Internal Medicine and Molecular Genetics at the University of Texas Southwestern Medical Center, Dallas, Texas, United States
For research on the genetics of lipid metabolism, which has led to new drugs to treat cardiovascular diseases

Ann M. Graybiel, Institute Professor, Department of Brain and Cognitive Sciences, and Investigator, McGovern Institute for Brain Research, MIT, Cambridge, Massachusetts, United States, and
Okihide Hikosaka, NIH Distinguished Investigator, Laboratory of Sensorimotor Research, National Eye Institute, National Institutes of Health, Bethesda, Maryland, United States, and
Wolfram Schultz, Professor of Neuroscience, Department of Physiology, Development & Neuroscience, and Professorial Fellow, Churchill College, University of Cambridge, Cambridge, United Kingdom; Visiting Research Associate, Division of Human & Social Sciences, California Institute of Technology, Pasadena, California, United States
For physiological studies of the basal ganglia, central to motor control and behavior including learning

Davor Solter, Emeritus Director and Member, Department of Developmental Biology, Max Planck Institute of Immunobiology and Epigenetics, Freiburg, Germany, and
Azim Surani, Director of Germline and Epigenetics Research, Gurdon Institute; and Affiliated Professor, Cambridge Stem Cell Institute, University of Cambridge, Cambridge, United Kingdom
For the discovery of genomic imprinting, advancing our understanding of epigenetics and mammalian development

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Physics

Rafi Bistritzer, Professor, School of Physics and Astronomy, Tel Aviv University, Tel Aviv, Israel, and
Pablo Jarillo-Herrero, Cecil and Ida Green Professor of Physics, Department of Physics, MIT, Cambridge, Massachusetts, United States, and
Allan H. MacDonald, Sid W. Richardson Foundation Regents Chair in Physics, Department of Physics, University of Texas at Austin, Austin, Texas, United States
For pioneering theoretical and experimental contributions to the physics of magic angle twisted bilayer graphene and related moiré quantum devices

David Deutsch, Visiting Professor of Physics, Centre for Quantum Computation, Clarendon Laboratory, and Honorary Fellow of Wolfson College, Oxford University, Oxford, United Kingdom, and
Peter W. Shor, Henry Adams Morss Professor of Applied Mathematics, MIT, Cambridge, Massachusetts, United States
For revolutionary contributions to quantum algorithms and computing

Christoph Gerber, Professor, Swiss Nanoscience Institute (SNI), Department of Physics, University of Basel, Basel, Switzerland
For invention and application of atomic force microscopy

Chemistry

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David Baker, Professor of Biochemistry, Howard Hughes Medical Institute Investigator, and Director of the Institute for Protein Design, University of Washington School of Medicine, Seattle, Washington, United States, and
John M. Jumper, Director, Google DeepMind, London, United Kingdom, and
Demis Hassabis, CEO and Co-Founder, Google DeepMind, London, United Kingdom
For contributions to the prediction and design of three-dimensional protein structures and functions

Kazunari Domen, Special Contract Professor, Institute for Aqua Regeneration, Shinshu University, Nagano, Japan; University Professor, Office of University Professors, University of Tokyo, Tokyo, Japan
For fundamental research on photocatalysts for water splitting and the construction of solar hydrogen production systems

Roberto Car, Ralph W. *31 Dornte Professor in Chemistry, Professor of Chemistry and the Princeton Materials Institute; Director, Chemistry in Solution and at Interfaces Computational Chemical Science Center; Princeton University, Princeton, New Jersey, United States, and
Michele Parrinello, Professor Emeritus of Computational Science at the Faculty of Informatics, Università della Svizzera Italiana, Lugano, Switzerland; Professor Emeritus at the Department of Chemistry and Applied Biosciences, ETH Zurich, Zurich, Switzerland
For the Car-Parrinello method for calculating ab-initio molecular dynamics, a revolution in computational chemistry

Economics

Janet Currie, Henry Putnam Professor of Economics and Public Affairs, Princeton School of Public and International Affairs, Princeton University, Princeton, New Jersey, United States
For pioneering economic analysis of child development

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Partha Dasgupta, Frank Ramsey Professor Emeritus of Economics, Faculty of Economics, University of Cambridge, Cambridge, United Kingdom
For integrating nature and its resources in the human economy

Paolo Mauro, Director, Economic and Market Research Department, International Finance Corporation, Washington, D.C., United States
For empirical studies of the effects of corruption on investment and economic growth

Notes to editors:To learn more about the list’s methodology and view our full list of Citation Laureates named since 2002, visit the Hall of Citation Laureates.
David Pendlebury, Head of Research Analysis at the Institute for Scientific Information at Clarivate is available for interview.
This year’s Nobel Prize announcements will take place 7–14 October. All the announcements will be streamed live at www.nobelprize.org.
The post Clarivate Reveals Citation Laureates 2024 appeared first on HIPTHER Alerts.

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Camera Accessories Market to Reach $10.7 Billion, Globally, by 2033 at 11% CAGR: Allied Market Research

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Allied Market Research published a report, titled, “Camera Accessories Market by Type (Lenses, Bags and Cases, Tripods, Batteries and Chargers, and Others), and Distribution Channel (Online and Offline): Global Opportunity Analysis and Industry Forecast, 2024-2033″. According to the report, the camera accessories market was valued at $3.8 billion in 2023, and is estimated to reach $10.7 billion by 2033, growing at a CAGR of 11% from 2024 to 2033.
Download Sample Pages of Research Overview: https://www.alliedmarketresearch.com/request-sample/A06599
Prime determinants of growth 
The market for camera accessories is mostly propelled by the rising demand for excellent photography and videography. The demand for sophisticated equipment including tripods, lenses, and lighting solutions has increased due to the growth of social media and content creation. The industry is growing due to technological developments such as smart features and wireless connectivity. Furthermore, there is a greater need for appropriate accessories due to the increasing popularity of mirrorless and DSLR cameras. However, the market experiences obstacles including high costs and the presence of counterfeit products. The increase in photographs taken with smartphones presents another risk. However, possibilities present themselves as the e-commerce industry grows, providing camera accessories to a wider range of consumers.
Report coverage & details:

Report Coverage   

Details               

Forecast Period     

2024–2033                      

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Base Year           

2023

Market Size in 2023           

$3.8 billion          

Market Size in 2033

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$10.7 billion

CAGR

11 %

No. of Pages in Report        

250

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Segments Covered

Type, Distribution Channel, and Region.                       

Drivers              

Rise of Social Media and Content Creation
Advancements in Camera Technology
Growth in Professional Photography

Opportunities       

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Expansion of E-commerce
Innovations in Product Offerings
Emerging Markets

Restraints

High Costs
Market Saturation
Economic Uncertainties

Segment Highlights
The market for camera accessories is expanding significantly, especially for tripods, as more people get interested in photography as a recreational activity and as a profession. Demand is being driven mostly by growing disposable income and technological developments in cameras, particularly DSLRs and mirrorless systems. Both amateur and professional photographers are in high demand for tripods since they are necessary for maintaining stability when taking pictures. The market is competitive, with leading companies launching innovative devices like Zhiyun and more recent brands like Joby, Gitzo, and Manfrotto. The increasing number of travel photographers and vloggers is being served by the trend toward lightweight and portable tripods. The expansion of e-commerce platforms has also made it simple for customers to access a variety of tripod solutions, which is propelling market growth.
The market for offline camera accessories is still growing, driven by professionals and enthusiasts who want to experience products before they buy them. Customers may try products like tripods, lenses, and lighting equipment in physical stores since they provide a hands-on experience. For individuals in need of professional guidance and real-time troubleshooting, the advantages of personalized customer service and instant availability are noteworthy. Large electronics companies and specialty camera stores predominate in this market, frequently holding community engagement events like workshops and demos. An additional special offline benefit is the ability to compare various brands and models directly. The offline sector continues despite the growth of e-commerce since photography and videography require high-quality equipment to be considered firsthand.
Buy This Research Report (250 Pages PDF with Insights, Charts, Tables, and Figures) @ https://www.alliedmarketresearch.com/checkout-final/03d5e51579da9c34d83731bb0618aa0e
Regional Outlook
Global market outlooks for camera accessories vary by region. Leading manufacturers have a significant presence in the North American market, which is fueled by technological advancements and a strong culture of photography. As a result of photography’s increasing popularity as a hobby and profession, Europe is seeing consistent growth. Owing to rising disposable income and a growing interest in photography and videography, the Asia Pacific region, especially China and Japan are expanding quickly. Growing consumer awareness and better economic conditions are increasing demand for camera accessories, and Latin America and the Middle East & Africa regions provide unexplored opportunities. Altogether, cultural influences, economic variables, and technological advancements are reflected in the market’s regional dynamics.
Players: –

Canon Inc.
Elite Brands Inc.
FUJIFILM Corp.
Hitachi Ltd.
JVCKENWOOD Corp.
Kinefinity Inc.
Miller Australia Pty Ltd.
Nikon Corp.
Olympus Corp.
Panasonic Holdings Corp.
Panavision Inc.
RED Digital Cinema LLC
Ricoh Co. Ltd.
Rollei GmbH and Co. KG.
SIGMA Corp.
Sony Group Corp.
The Vitec Group Plc
Transcend Information Inc.
Koninklijke Philips NV
Samsung Electronics Co. Ltd.

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The report provides a detailed analysis of these key players in the global camera accessories market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.
Inquiry Before Buying @ https://www.alliedmarketresearch.com/purchase-enquiry/A06599
Recent Developments:

In October 2023, Manfrotto strengthened its presence in the Asia-Pacific professional photography industry by acquiring Lastolite, a firm that specializes in lighting management solutions. Manfrotto’s product line and market reach?grew as a result of this purchase.
In August 2023, Fujifilm aimed to cater to the increasing demand for travel and street photographers in the Asia-Pacific region by introducing a variety of innovative camera bags and protective accessories to its product portfolio. This addition is intended to meet the unique requirements of photographers who need high-quality, fashionable camera equipment.

Explore AMR’s Extensive ongoing Coverage on Consumer and Goods Domain:

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Hospitality Robots Market Opportunity Analysis and Industry Forecast, 2021-2030

The post Camera Accessories Market to Reach $10.7 Billion, Globally, by 2033 at 11% CAGR: Allied Market Research appeared first on HIPTHER Alerts.

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