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

EC Adopts Technical Standards for EU Digital Identity Wallets

EC Adopts Technical Standards for EU Digital Identity Wallets
EC Adopts Technical Standards for EU Digital Identity Wallets
November 29, 2024  |  Digital Identity

The European Commission (EC) has adopted technical standards for cross-border European Digital Identity (eID) Wallets in the European Union (EU), saying this will help member states...

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Amazon Marketplace Could Reportedly Face EU Antitrust Case in 2025
Amazon Marketplace Could Reportedly Face EU Antitrust Case in 2025
November 21, 2024  |  Retail

European regulators are reportedly set to investigate whether Amazon’s marketplace favors its branded products. The European Union (EU) investigation is “likely” to come next year,...

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Tech Investor Niel: EU Risks Being ‘Abandoned’ in AI Race
Tech Investor Niel: EU Risks Being ‘Abandoned’ in AI Race
November 17, 2024  |  Artificial Intelligence

Can Europe create leading artificial intelligence (AI) firms without spending as much as companies in America? Telecom billionaire Xavier Niel thinks it’s possible, provided that...

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Booking.com Gets ‘Gatekeeper’ Status Under Digital Markets Act
Booking.com Gets ‘Gatekeeper’ Status Under Digital Markets Act
November 14, 2024  |  Legal & Regulation

European regulators say Booking.com must comply with the Digital Markets Act (DMA). The European Commission (EC) announced Wednesday (Nov. 13) that Booking Holdings — the...

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Visa Says European Antitrust Watchdog Investigating Its Acquirer Fees
Visa Says European Antitrust Watchdog Investigating Its Acquirer Fees
November 14, 2024  |  ANTITRUST

Visa says European regulators are investigating the fees it charges retailers. The company revealed the European Commission’s (EC) preliminary probe in its annual report Wednesday...

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Global Push for Real-Time Payments: EU, Brazil and South Africa Lead the Way
Global Push for Real-Time Payments: EU, Brazil and South Africa Lead the Way
November 06, 2024  |  Real-Time Payments

Real-time payments are becoming increasingly popular worldwide, with new implementations and innovations emerging regularly. The European Union has been a traditional leader in real-time payments,...

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SAP Pushes Back on EU Regs as FDA Tightens AI Oversight
SAP Pushes Back on EU Regs as FDA Tightens AI Oversight
October 23, 2024  |  Artificial Intelligence

European tech leaders warn against stifling AI innovation as SAP’s CEO pushes back on European Union regulations. At the same time, the FDA rolls out...

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European Investment Bank Aims to Provide Greater Support to Startups
European Investment Bank Aims to Provide Greater Support to Startups
October 07, 2024  |  Startups

The European Investment Bank (EIB) said Monday (Oct. 7) that European Union (EU) finance ministers have welcomed its Action Plan to deepen the region’s capital markets...

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