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

Finance Minister: UK To Exit EU On Oct. 31

Finance Minister: UK To Exit EU On Oct. 31
Finance Minister: UK To Exit EU On Oct. 31
September 30, 2019  |  Economy

U.K. Chancellor of the Exchequer Sajid Javid said the country will split from the European Union effective Oct. 31, Reuters reported on Monday (Sept. 30). Get...

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Vestager: EU Should Proceed With No-Deal Digital Tax
Vestager: EU Should Proceed With No-Deal Digital Tax
September 27, 2019  |  Europe

In a move that increases pressure on multinationals, European Union commissioners-designate said the bloc should come to an agreement on a digital tax if a...

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Top News In Payments: R3 Works With Mastercard On Blockchain Tech; Uber Pushes Back On California Law
Top News In Payments: R3 Works With Mastercard On Blockchain Tech; Uber Pushes Back On...
September 12, 2019  |  News

Today in the payments news roundup, R3, an enterprise software provider, is collaborating with Mastercard to establish a blockchain cross-border payments solution. Also, Uber will...

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ECB Debuts Bond Buying Initiative; Slashes Deposit Rate To Record Low
ECB Debuts Bond Buying Initiative; Slashes Deposit Rate To Record Low
September 12, 2019  |  Cross-border Payments

The European Central Bank (ECB) is hoping to revitalize the eurozone economy with a stimulus package consisting of a lower main deposit rate and a...

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Rival Claims Google Funnels User Info To Advertisers
Rival Claims Google Funnels User Info To Advertisers
September 04, 2019  |  Google

Google is being accused of stealthily handing personal data to advertisers by using hidden web pages, the Financial Times reported on Wednesday (Sept. 4).  Get the...

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Incoming EU Leaders Plan New AI, Data Use Laws 
Incoming EU Leaders Plan New AI, Data Use Laws 
September 03, 2019  |  Cross-border Payments

Evidence is being gathered on U.S. big tech companies as the European Commission prepares for new leadership, The Wall Street Journal reported on Tuesday (Sept....

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Global Banks Plan For No-Deal Brexit
Global Banks Plan For No-Deal Brexit
August 30, 2019  |  Economy

International financial institutions in the U.K. are getting ready for changes as it becomes more likely there will be a no-deal Brexit in October, Bloomberg...

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Giovanno Buttarelli, EU’s Data Protection Supervisor, Dies At 62
Giovanno Buttarelli, EU’s Data Protection Supervisor, Dies At 62
August 21, 2019  |  Cross-border Payments

The top data protection supervisor in Europe has passed away at the age of 62, according to reports. Get the Full Story Complete the form...

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