European Union

The European Union is a political and economic union of 27 member states that are located primarily in Europe. Its members have a combined area of 4,233,255.3 km² and an estimated total population of about 447 million.

Source: europa.eu

Italian Antitrust Body Eliminates Payment Fees for Small Retail Transactions

Italian Antitrust Body Eliminates Payment Fees for Small Retail Transactions
Italian Antitrust Body Eliminates Payment Fees for Small Retail Transactions
July 21, 2023  |  Digital Payments

Italy’s antitrust body has approved a deal that will eliminate payment fees and softens restrictions placed on small card transactions, following a 2022 promise made...

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JPMorgan to Expand Online Banking Platform Into Germany and EU
JPMorgan to Expand Online Banking Platform Into Germany and EU
July 21, 2023  |  Banking

J.P. Morgan reportedly plans to expand its online banking platform Chase into Germany and other European Union (EU) countries. Preparations for such a move have...

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TikTok Faces Scrutiny Over Compliance With EU Regulations
TikTok Faces Scrutiny Over Compliance With EU Regulations
July 18, 2023  |  Legal & Regulation

TikTok reportedly failed to fully pass a recent test conducted by the European Union’s governing body, raising concerns that the popular social media platform is not yet...

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Microsoft Facing EU Antitrust Case Over Teams/Office Bundle
Microsoft Facing EU Antitrust Case Over Teams/Office Bundle
July 17, 2023  |  ANTITRUST

Microsoft’s Teams product has reportedly made it the target of an antitrust probe in Europe. The tech giant will be formally investigated by the European...

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Meta’s Threads App Launch Postponed in EU Amid Data Privacy Concerns
Meta’s Threads App Launch Postponed in EU Amid Data Privacy Concerns
July 05, 2023  |  Facebook / Meta

Meta’s Twitter rival, Threads, which is due to release worldwide on Thursday (July 6), will not be offered in the European Union. Per a preview image of...

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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...

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Proposed EU Banking Rules Address Environmental and Crypto Risks
Proposed EU Banking Rules Address Environmental and Crypto Risks
June 27, 2023  |  Legal & Regulation

European Union (EU) banks may soon have new rules around environmental and crypto risks. The proposed new banking rules have been agreed upon by negotiators...

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EU Could Have AI Code of Conduct ‘Very Soon’
EU Could Have AI Code of Conduct ‘Very Soon’
May 31, 2023  |  Artificial Intelligence

The European Union’s top technology official says rules governing artificial intelligence (AI) could be imminent. Speaking at Wednesday (May 31) news conference following a meeting...

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