Sections
Europe
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926EU Considers Tougher Rules On Big Tech Firms
If the European Union (EU) gets its way, the 27-nation bloc will have the power to split or force the sale of...
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2.4KCOVID Hits UK Economy Harder Than Other Developed Economies
The impact of the coronavirus in Europe hit the United Kingdom (U.K.) especially hard. The Wall Street Journal reported England, Scotland, Wales...
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3.0KEU Banks Prep For $26B In Q2 Loan Losses
European banks are preparing to take huge losses on their loans as COVID-19 keeps taking its toll on financial institutions. The Financial...
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1.9KSouthern Europe Is Open But Tourists Are Few
Despite government incentives, travel bookings are down in Italy, The New York Times reported. While tourism is returning to southern Europe from...
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10.4KEurope Reopens, Shopping Spree Underway
The phrase “shop ‘til you drop” hasn’t been used for months as the world hunkered down to stop the spread of COVID-19....
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1.8KEU Plans To Fight Foreign Competition
The European Union (EU) plans to fight the effects of hostile rivals trying to take over businesses vulnerable after the coronavirus pandemic,...
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3.5KMastercard’s Fintech Express Aims To Fuel European Startups
Mastercard has added a program designed to assist FinTech startups in Europe with quickly launching and expanding, the company announced on Tuesday...
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6.0KEU Ministers To Meet Via Video On Virus' Financial Hit
Mario Centeno, head of the Eurogroup of eurozone finance ministers, will head up a video conference meeting of European Union officials Monday...
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3.6KEU Wants PSD2-Like Regs For Big Tech Data
The European Commission is planning a single European market for data, in hopes that by pooling talent, the region can compete with...
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3.3KEurope Tells G20 To Tackle Tech Firm Taxation
Europe has long sought to make very profitable Big Tech companies conducting business through the web pay tax where they sell their...
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2.2KConsumer Morale Up In Major European Economies
Data indicate that the three biggest economies in the eurozone, France, Germany, and Italy, all report higher-than-expected consumer morale as shoppers continue...
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3.2KPremium Labels Ask EU To Crack Down On Big Tech
European luxury brands are asking EU regulators to be harder on online tech giants like Amazon and Alibaba regarding fakes and privacy,...
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7.3KNew EU Policy Pushes For Data Sharing To Foster Blockchain, AI Use
The EU is looking to adopt new antitrust rules that will aim to give European companies more leeway in the market. The...
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3.1KEU Official Downplays 5G Delay Over Security Concerns
European industrial policy chief Thierry Breton said Sunday that he didn't agree with claims that waiting on European companies to install a...
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3.0KEU Court Rules Airbnb Doesn’t Need Estate License
Europe’s highest court ruled that Airbnb is an "information society service" rather than a property broker or estate agent, TechCrunch reported on...
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4.1KGerman Gov’t Snaps Up Tech Firms To Prevent Foreign Acquisitions
Germany is planning to temporarily take stakes in high-tech companies in order to stop investors from non-EU countries from acquiring them. The...
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2.6KEU Consumer Confidence Declines To Lowest Point Since December
Data shows that consumer confidence in the European Union has fallen to its lowest level since the end of last year. According...
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3.3KEU Executive Branch Calls For More ‘Technological Sovereignty’
The European Union’s executive branch has called for urgent action to reverse what it believes is the region’s heavy reliance on computer...
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4.0KVestager: EU Should Proceed With No-Deal Digital Tax
In a move that increases pressure on multinationals, European Union commissioners-designate said the bloc should come to an agreement on a digital...
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2.3KEU Begins Antitrust Probe Into Amazon, Fines Qualcomm
Margrethe Vestager, the EU’s competition commissioner, is preparing to leave office with a bang, launching an investigation into Amazon while also preparing...
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2.2KVolkswagen Rolls Out WeShare In Berlin
With a new carsharing service that is like GM’s Maven or Car2Go but has all-electric vehicles, Volkswagen is rolling out WeShare in...
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3.4KEuropean Commission Investigates Past Money Laundering Cases
A European Union (EU) official has revealed that the European Commission (EC) is taking a close look into past money laundering cases...
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2.6KECB Policymaker Calls Bank Consolidation 'Desirable'
A European Central Bank (ECB) policymaker has called bank mergers in the EU "desirable," but admits that it's ultimately up to individual...
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3.9KFrench Lower Parliament Passes Big Tech Tax Bill
France's lower parliament has passed a proposed tax that targets the revenue of tech giants like Google, Amazon and Facebook. Last month,...
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3.6KBrexit Prompts EU Watchdog To Urge Protection Of Consumer Deposits
Ahead of the U.K.’s potential departure from the European Union, the bloc’s banking watchdog is imploring member states to protect the deposits of...
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5.0KUK Retailers’ Holiday Sales Have Worst Performance In A Decade
Retailers in the U.K. had a poor showing during the holiday shopping season; The Financial Times reported that despite steep price cuts, retail...
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4.1KFrance To Move Ahead With Tech Tax In January
France, which had vowed to start taxing Google, Apple, Facebook, and Amazon in December if the European Union failed to agree on...
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9.8KUK Retailers Dealing With Slow Holiday Shopping Season
U.K. retailers are warning of a bad holiday shopping season. Mike Ashley, head of the Sports Direct chain, warned that the situation...
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4.4KMacron, French Banks Agree Not To Raise Bank Fees
France’s major banks have agreed to freeze the fees they charge next year in an effort to stop “yellow vest” protests that...
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4.1KSweden’s Central Bank Favors Digital Currency
As the Riksbank seeks to adapt to a society that is turning to cashless payment methods, the Swedish central bank is considering issuing...
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3.8KEU Cracks Down On Passport Sales Due To Money Laundering
The European Commission announced Wednesday (October 10) that it plans to provide European Union states with guidelines for handling national schemes to...
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5.2KCitizens Advice Files Complaint With British Regulator
Following a complaint from Citizens Advice, Britain’s competition regulator might investigate financial service and telecom companies. The group had contended that consumers...
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3.9KECB President Says No To Digital Euro
With cash use still popular in Europe, and the technology behind digital money remaining fragile, the European Central Bank (ECB) doesn’t intend...
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6.8KECB Wants 'Single Agency' For AML Enforcement
Following scandals at European lenders, the European Central Bank (ECB) wants the European Union (EU) to step up enforcement of anti-money laundering...
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3.8KWhy The New eIDAS Regs In The EU Could Be A Game Changer
The EU, in concept, is meant to create a single, free-trade zone where consumers can move goods and services easily and without...
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8.3KHow A Single Digital ID Will Become EU’s Commerce Passport
When trying to understand the new eIDAS regulations set to go officially online in the EU in September, it helps, Trulioo GM...
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9.0KEurope Seeks SWIFT Alternative
To help attain financial independence, Europe has reportedly been working on a money transfer system. It would be separate from the prevailing...
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3.7KUK Debt Advice Providers Lack Funding To Keep Up With Demand
As consumer debt levels in the U.K. are on the rise and debt collection groups are reportedly not paying voluntary contributions, providers...
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4.6KUK Card Services Get A Closer Look From Regulators
The Payments Systems Regulator (PSR), Britain's official payment watchdog group, has announced it will be reviewing banks that process card transactions on...
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3.6KRevamped UK Payment System Embraces Blockchain
A revamped Bank of England (BoE) payments system is expected to connect with FinTech firms using distributed ledger technology (DLT). According to...
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4.0KBrussels Rebuffs UK Post-Brexit FinServ Plan
Brussels has rejected the U.K.’s proposals on how to govern London’s access to the European market after Brexit. According to the Financial Times,...
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6.6KWhy An Insurance Startup Is Targeting Foreign Drivers In The UK
A startup in the United Kingdom called Marshmallow has raised $1.2 million in seed funding as it tries to use digital technology...
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5.0KSWIFT Caught Up In The Squeeze Over The Iran Deal
SWIFT, as an organization, bills itself as a neutral player in the global economic system. That’s why the recent international flare-up over...
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4.9KLendix Notches $37M Amid European Expansion
After raising $37 million in a funding round backed by investors such as Idinvest and Allianz, French lending platform Lendix is eyeing...
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1.6KEU Proposes Tougher Stance On Foreign Investments
In response to an increase of Chinese acquisitions of European rivals, the European Parliament's international trade committee has approved a proposal calling...
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4.5KEU Countries Push For Tech Funding To Compete With US And China
To make sure they can compete with the United States and China, France and Germany want an EU-wide initiative that will fund...
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6.4KFlywire Expands With New London HQ
Flywire, a provider of global payment and receivables solutions, has announced a major expansion of its U.K. and European operations and team....
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7.5KThe European Banking Authority Plans ‘Roadmap’ For FinTech Regulation
While the European Banking Authority has created a “roadmap” on how to regulate emerging FinTech services, the body is not keen on...
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6.1KEU Proposed Law Aims To Make Friends With FinTech
As the European Union (EU) prepares for the U.K.’s exit from the bloc next year, the EU’s executive is set to propose...
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4.0KLatvian Member Of ECB Snared In Corruption Probe
Latvia’s top banking official and key European Central Bank member Ilmārs Rimšēvičs is currently facing accusations of bribery and money laundering. Latvian Prime...
