European Commission

The European Commission is the executive branch of the European Union, responsible for proposing legislation, implementing decisions, upholding the EU treaties and managing the day-to-day business of the EU.

(source: ec.europa.eu)

EU and US Reach Much-Anticipated Data-Sharing Accord
EU and US Reach Much-Anticipated Data-Sharing Accord
July 11, 2023  |  Regulation

In a victory for companies like Google and Meta, Europe and the U.S. have reached a data-sharing agreement. The European Commission announced Monday (July 10) the finalizing...

READ MORE >
EC Opens Investigation of Amazon’s Planned Acquisition of iRobot
EC Opens Investigation of Amazon’s Planned Acquisition of iRobot
July 06, 2023  |  ANTITRUST

The European Commission (EC) has opened an in-depth investigation into Amazon’s proposed acquisition of iRobot. The commission has identified initial competition concerns and will now investigate them in greater depth, the...

READ MORE >
YowPay Launches Instant SEPA Credit Transfer Solution for European Merchants
YowPay Launches Instant SEPA Credit Transfer Solution for European Merchants
July 05, 2023  |  Payment Methods

YowPay has launched a Single Euro Payments Area (SEPA) credit transfer solution for merchants across the eurozone. The software provider’s solution streamlines the payments process for...

READ MORE >
European Executives Say Proposed AI Rules Could Stifle Opportunities
European Executives Say Proposed AI Rules Could Stifle Opportunities
June 30, 2023  |  artificial intelligence

Executives of European companies say regulation could stifle the opportunities presented by artificial intelligence (AI). Leaders from engineering firm Siemens, brewer Heineken, carmaker Renault and...

READ MORE >
EU Proposes PSD2 Revamp for ‘Digital Age’
EU Proposes PSD2 Revamp for ‘Digital Age’
June 28, 2023  |  Regulation

In Europe, the Payments Services Directive is getting a makeover. To that end, as announced on Wednesday (June 28), the European Commission has proposed a...

READ MORE >
EU Wants Digital Euro to Complement Cash, Not Replace It
EU Wants Digital Euro to Complement Cash, Not Replace It
June 28, 2023  |  CBDC

The European Commission (EC) says a digital euro should complement cash, not replace it. The EC on Wednesday (June 28) published a pair of proposals...

READ MORE >
Zalando Fights EU’s Digital Services Act in Court
Zalando Fights EU’s Digital Services Act in Court
June 28, 2023  |  Retail

Germany’s Zalando is considered Europe’s largest online fashion retailer. But is it a “very large online platform”? That’s now a matter for the courts. Zalando...

READ MORE >
Amazon Faces Full-Scale EU Antitrust Probe Over iRobot Acquisition
Amazon Faces Full-Scale EU Antitrust Probe Over iRobot Acquisition
June 23, 2023  |  Amazon

Amazon is reportedly facing a full-scale EU antitrust investigation over its $1.7 billion acquisition of iRobot, the maker of the popular Roomba vacuum cleaner introduced in 2002. After...

READ MORE >
Google Ad Business Accused of Breaking EU Antitrust Laws
Google Ad Business Accused of Breaking EU Antitrust Laws
June 14, 2023  |  ANTITRUST

Google is once again facing allegations that its ad business constitutes a monopoly. The European Commission (EC) on Wednesday (June 14) announced that a preliminary...

READ MORE >