The European Union is reportedly prepared to retaliate if President Donald Trump imposes threatened tariffs. That retaliation could come in the form of restrictions on trade in services against American Big Tech companies, the Financial Times (FT) reported Wednesday (Feb. 5). Two officials with knowledge of the...
A proposed customs reform in the European Union would reportedly shift the responsibility of being an importer from individuals who purchase goods online to the online platforms that sell them. This change is included in a draft proposal that is set to be published Wednesday...
Meta says it will fight a $831 million fine levied against the tech giant by the European Union. A company spokesperson told Bloomberg News on Wednesday (Jan. 29) that Meta was appealing the fine. The penalty came after the EU alleged that Meta was tapping...
Google reportedly told the European Union’s Court of Justice Tuesday (Jan. 28) that the European Commission investigation that resulted in a 4.3 billion euro (about $4.5 billion) fine “punished Google for its superior merits, attractiveness and innovation.” Alfonso Lamadrid, a lawyer for Google, said this...
December 06, 2024
Real-time payments took center stage in 2024, with groundbreaking milestones reshaping how money moves worldwide. From the United States expanding its payment networks to new systems debuting in other regions, the year has been a turning point for faster, more accessible transactions. What follows are some key highlights from the year. In January, Mastercard and […]
November 06, 2024
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, prompting providers to prioritize compliance...
October 02, 2024
Federal Reserve Governor Lisa Cook is tempering expectations of an artificial intelligence (AI) productivity impact, while Malaysia unveiled ambitious plans to become an AI hub and the European Commission assembled...
July 08, 2024
Although France checks in seventh — the first country below the median — in the recently released landmark report by PYMNTS Intelligence, “How the World Does Digital,” its Gen Z...
February 05, 2025
The European Commission is encouraging European Union (EU) regulators and legislators to do more to mitigate the risks posed by the growing number of low-value imports being sold via online retailers and marketplaces. The Commission said in a Tuesday (Feb. 4) press release that it encourages the EU to use rules it has at its […]
February 05, 2025
The European Union is reportedly prepared to retaliate if President Donald Trump imposes threatened tariffs. That retaliation could come in the form of restrictions on trade in services against American...
February 02, 2025
A proposed customs reform in the European Union would reportedly shift the responsibility of being an importer from individuals who purchase goods online to the online platforms that sell them....
January 29, 2025
Meta says it will fight a $831 million fine levied against the tech giant by the European Union. A company spokesperson told Bloomberg News on Wednesday (Jan. 29) that Meta...
