European Union (EU) regulators are drawing up a list of up to 20 large internet companies, possibly including Facebook and Apple, to be targeted with far more strict regulations in the future to limit their market power, according to a report from the Financial Times...
Europe is falling back into COVID-19’s grip as the virus delivers a harsh rebuke in country after country whose residents thought they’d beaten it, The New York Times reported. The publication’s assessment was based in part on a speech by European Central Bank Chief Economist...
If the European Union (EU) gets its way, the 27-nation bloc will have the power to split or force the sale of giant technology companies that threaten smaller rivals and their customers. EU Commissioner Thierry Breton, who has taken the lead on the overhaul of...
The impact of the coronavirus in Europe hit the United Kingdom (U.K.) especially hard. The Wall Street Journal reported England, Scotland, Wales and Northern Ireland saw its gross domestic product, the value of goods and services, shrink more than 20 percent in the second quarter...
European banks are preparing to take huge losses on their loans as COVID-19 keeps taking its toll on financial institutions. The Financial Times reported the European Union’s (EU) largest banks estimated there will be at least 23 billion euros ($26.8 billion) in potential losses in...
Despite government incentives, travel bookings are down in Italy, The New York Times reported. While tourism is returning to southern Europe from Portugal to Greece, not every country is benefitting from the resurgence as COVID-19 has returned to some nations. Italy has seen reservations fall...
The phrase “shop ‘til you drop” hasn’t been used for months as the world hunkered down to stop the spread of COVID-19. But all that’s changed — at least in Europe. After falling to record lows in the first quarter while millions heeded stay-at-home orders,...
The European Union (EU) plans to fight the effects of hostile rivals trying to take over businesses vulnerable after the coronavirus pandemic, the Associated Press (AP) reported. The move, announced on Wednesday (June 17), is aimed at the influence of China in the bloc’s single...
Mastercard has added a program designed to assist FinTech startups in Europe with quickly launching and expanding, the company announced on Tuesday (June 2). Mastercard said the program, dubbed “Fintech Express,” will leverage the power of partnerships and the payment giant’s expertise, technology and global...