Search results for "European Union"

April 23, 2024
EU Conducts First-Ever Raids on a Company Under Foreign Subsidies...

The European Commission made history on Tuesday by initiating its first unannounced raid under the Foreign Subsidies Regulation. These surprise raids were carried out at a company operating in the...


April 23, 2024
Google Aims to Move Faster to Meet ‘Systemic’ Challenges

Google aims to move faster and get closer to its customers as it meets “systemic” challenges. Prabhakar Raghavan, senior vice president at Google responsible for search, assistant, geo, ads, commerceand...


April 22, 2024
FTC Throws the Bag: Tapestry’s Capri Deal Blocked Over Market...

The United States Federal Trade Commission (FTC) has taken legal action to stop Tapestry’s $8.5 billion bid to acquire Capri, the parent company of Michael Kors. The move follows concerns...


April 22, 2024
Andreas Schwab Reflects on Calls for Dynamic Enforcement in Digital...

Andreas Schwab, a member of the European Parliament, delivered the opening remarks at the inaugural European conference “Dynamic Competition in Dynamic Markets: Charting the Path Forward?” organized by CPI in...


April 22, 2024
EU Threatens Suspension of TikTok Lite’s Reward Program

The European Union (EU) is considering the suspension of TikTok Lite’s rewards program within its jurisdiction. The European Commission issued a stern warning to TikTok, giving the company a deadline...


April 21, 2024
EU to Decide on KKR’s Telecom Italia Buyout by May...

U.S. investment firm KKR’s bid to acquire Telecom Italia’s fixed-line access network is now in the hands of European Union antitrust regulators. According to a filing from the European Commission...


April 19, 2024
EU Regulators Set to Accept Apple’s Proposals on Tap-and-Go Tech

European Union (EU) antitrust regulators are reportedly preparing to approve Apple’s tap-and-go mobile payments system proposals as early as May.  The tech company had proposed to open the system to rivals after being...


April 19, 2024
The Increased Importance of Economics in Cartel Cases

The last two decades have seen a significant amount of actual or alleged cartel conspiracies uncovered, particularly in the financial sector, such as the discovery of the LIBOR rigging and...


April 18, 2024
Regulations, Innovations and AI Define This Week in Big Tech

Big Tech companies, including Meta, Alphabet (Google), Amazon, Apple and Microsoft, aren’t getting any smaller. Not only do these businesses represent many of the world’s most valuable public companies by market capitalization,...


The Real-Time Payments World Map

Real-time payments in the EU are on the verge of achieving their instantaneous promise, with a new rule from the European Council requiring instant fund transfers  to be available within 10 seconds. In this edition of the “Real-Time Payments World Map,” a collaboration with The Clearing House, PYMNTS explores this development along with other advancements unfolding across the global real-time payments landscape.