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

OpenAI CEO Reverses Threat to Leave Europe Due to Regulations

OpenAI CEO Reverses Threat to Leave Europe Due to Regulations
OpenAI CEO Reverses Threat to Leave Europe Due to Regulations
May 26, 2023  |  Artificial Intelligence

OpenAI plans to continue operating in Europe, CEO Sam Altman tweeted Friday (May 26). Altman had told Reuters on Wednesday (May 24) that the ChatGPT...

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Meta Hit With Landmark $1.3 Billion EU Privacy Fine
Meta Hit With Landmark $1.3 Billion EU Privacy Fine
May 22, 2023  |  Facebook / Meta

Meta Platforms has been fined a record $1.3 billion for violating Europe’s data privacy law. The fine, announced Monday (May 22) by the Irish Data...

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EPI Will Debut P2P Digital Wallet in 2024
EPI Will Debut P2P Digital Wallet in 2024
April 25, 2023  |  Payment Methods

The European Payments Initiative says its vision of a unified payment system is closer to reality. The EPI plans to launch a pilot of a person-to-person instant...

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EU Crypto Regulations Pass as Policymakers Claim Advantage Over US
EU Crypto Regulations Pass as Policymakers Claim Advantage Over US
April 20, 2023  |  Cryptocurrency

How do you deal with a problem like crypto? While American regulators and lawmakers quibble over how to properly oversee the infamously tumultuous digital asset...

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TikTok Joins Ranks of Tech Firms Facing EU Privacy Crackdown
TikTok Joins Ranks of Tech Firms Facing EU Privacy Crackdown
January 17, 2023  |  Legal & Regulation

A five million euro fine for privacy violations welcomes TikTok to an expensive club. It’s not the first time the Chinese company has been fined...

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UK and EU’s Payments and Crypto Regulation Divergence Set to Accelerate
UK and EU’s Payments and Crypto Regulation Divergence Set to Accelerate
December 30, 2022  |  Cryptocurrency

In 2023, the U.K. will accelerate its divergence from EU payment and crypto regulations. Meanwhile, the EU is moving ahead with its own policy agenda...

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Crypto Firms May Have to Report EU Tax Evaders
Crypto Firms May Have to Report EU Tax Evaders
December 08, 2022  |  Cryptocurrency

The EU has proposed new tax transparency rules for crypto transactions. During a press conference on Thursday (Dec. 8), Paolo Gentiloni, the EU commissioner for...

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European Retail Sales Fall Amid Consumer Caution
European Retail Sales Fall Amid Consumer Caution
December 05, 2022  |  Economy

European retail sales declined in October as consumers struggled with an increased cost of living. Figures released Monday (Dec. 5) by Eurostat, the statistics office...

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