EU privacy law to require opt-in and make data processors share in responsibility

The shape of future European Union privacy legislation is becoming clearer, as lawmakers closed in on an agreement late Tuesday.Companies will have to obtain customers' consent before collecting and processing their personal data, and could be fined as much as 4 percent of annual revenue for breaches of the rules. That would put potential penalties for giants like Google and Facebook in the hundreds of millions or billions of euros, compared to the paltry fines of tens or hundreds of thousands o