Is Europe too reliant on international payments companies such as Visa and Mastercard? The head of the European Payments Initiative (EPI) thinks so, according to a Monday (Feb. 9) interview with the Financial Times (FT). “We are highly dependent on international [payment] solutions,” said Martina...
The European Union reportedly expects most of the U.S. tariffs to remain in place after a Monday (April 14) meeting between EU and United States officials made little progress. The meeting saw the officials remain divided on several trade issues, Bloomberg reported Tuesday (April 15),...
The U.S.-initiated tariffs have been paused for three months and the negotiation posturing has begun. Brussels is bracing for a fresh escalation in the EU-US trade standoff after European Commission President Ursula von der Leyen indicated the bloc would not hesitate to retaliate if negotiations...
European tech founders are teaming to keep young startup talent from leaving the continent. As the Financial Times (FT) reported Wednesday (March 12), the effort — dubbed Project Europe — is a 10 million euro ($10.9 million) fund that will offer 200,000 euros (or about...
European middle-market firms have the second-highest need for working capital solutions. That’s according to “The 2023-2024 Growth Corporates Working Capital Index: Europe Edition,” a PYMNTS Intelligence and Visa collaboration that looked at the working capital needs of growth corporates, or middle-market organizations generating annual revenues...
Amid a challenging economic landscape, the U.K.’s Financial Conduct Authority (FCA) has unveiled its Business Plan for the 2024-2025 fiscal year, marking the culmination of its three-year strategic roadmap. One of the focal points of this plan, particularly from a digital innovation perspective, is the imperative to combat financial crime. PYMNTS...
European Central Bank President Christine Lagarde said the European Union (EU) needs a “European SEC” that will replace the region’s currently fragmented supervision with a more top-down approach like that of the United States Securities and Exchange Commission. This is necessary because the EU faces capital markets challenges on...
French Device-as-a-Service startup Fleet has expanded into Germany, aiming to optimize the lifecycle of workplace equipment for companies and startups there. Already operating in France and Spain, Fleet’s expansion into Germany marks another milestone in its growth journey, EU Startups reported Thursday (Sept. 14). The company was...
A U.K. lobbying group wants Great Britain’s next government to improve the country’s technological standing. In a report issued Tuesday (June 6), UK Tech — whose members include Amazon, Apple, PayPal and Microsoft — warned that the country risks falling behind in the race to...