United Kingdom

UK, EU Launch Parallel Antitrust Probes Into Google-Meta Ad Deal   
UK, EU Launch Parallel Antitrust Probes Into Google-Meta Ad Deal   
March 11, 2022  |  ANTITRUST

The advertising agreement between Alphabet’s Google and Meta’s Facebook is under investigation in parallel probes launched by the EU’s European Commission (EC) and the U.K.’s...

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Cross-Border B2B Payments Account for 26% of UK and US Firms’ Annual Sales 
Cross-Border B2B Payments Account for 26% of UK and US Firms’ Annual Sales 
March 04, 2022  |  B2B Payments

More and more, business-to-business (B2B) commerce is going online — and going global. The B2B space’s steady trend toward digitization is continuing and has accelerated...

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Klarna Launches Rewards, Pay Now in UK
Klarna Launches Rewards, Pay Now in UK
February 22, 2022  |  BNPL

Klarna is introducing its rewards program and Pay Now option to customers in the U.K. as part of an upcoming expansion plan to nine new...

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US Lawmakers Propose Bill To Impose Platform Content Moderation
US Lawmakers Propose Bill To Impose Platform Content Moderation
February 16, 2022  |  Big Tech

On Wednesday, Senators Richard Blumenthal (D., Conn) and Marsha Blackburn (R., Tenn.) will introduce bipartisan legislation, dubbed the Kids Online Safety Act, aimed at holding...

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UK Banks Get the First Taste of What AI Regulation May Look Like 
UK Banks Get the First Taste of What AI Regulation May Look Like 
February 14, 2022  |  artificial intelligence

Banks in the U.K. have been warned by financial regulators not to use artificial intelligence systems to approve loan applications unless they can prove that...

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Bank of England Takes the Slow Lane for CBDCs, and It is Not the Only One 
Bank of England Takes the Slow Lane for CBDCs, and It is Not the Only...
February 07, 2022  |  CBDC

The Bank of England, like many other central banks around the world, is still weighing the pros and cons of issuing a central bank digital...

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UK Seeks Its Place to Shape Global Standards in Artificial Intelligence
UK Seeks Its Place to Shape Global Standards in Artificial Intelligence
January 31, 2022  |  artificial intelligence

The U.K. government has launched a new AI Standard Hub as part of its National AI Strategy that will aim to increase the U.K. contribution...

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UK Law Could Hold Automakers, Software Firms Accountable in Autonomous Cars
UK Law Could Hold Automakers, Software Firms Accountable in Autonomous Cars
January 28, 2022  |  Regulation

The Law Commission of England and Wales and the Scottish Law Commission released a final 315-page report on January 26 recommending the U.K. and Scottish...

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UK Payments Regulator Seeks More Transparency in Card-Acquiring Market
UK Payments Regulator Seeks More Transparency in Card-Acquiring Market
January 27, 2022  |  Regulation

The U.K. Payment Systems Regulator (PSR) published a public consultation on January 26 in which it considers applying four potential remedies in the card-acquiring market. ...

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