The data you store in a country has to be handled in compliance with the local law, i.e. the GDPR.

Saved you a click.

This is the best summary I could come up with:

He's talking about digital infrastructure: the hardware and software, data centres and communications networks that power modern business.

There's growing concern in Europe about digital sovereignty, the region's ability to control its own data and technology.

That means it's fully under the jurisdiction of European law, and it's big enough to rival the major US cloud providers: Amazon Web Services (AWS), Microsoft and Google.

Mr Straeter believes it's important for Europe to have resilient infrastructure, following a run of crises that include the financial crisis of 2007 to 2009, Covid-19, and the war in Ukraine.

The UK is [asserting its] digital sovereignty and saying this is harming our citizens, and therefore we want social media companies, while they're in our jurisdiction, to operate in this way."

Barry Cashman has some reassuring words for people who are worried that US authorities can get easy access to corporate data.

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