European Union news and trends

TikTok Suspends Rewards Program Amid EU Pressure
Social Commerce // April 24, 2024

TikTok has suspended a rewards program on TikTok Lite amid a dispute with European Union (EU) regulators. “TikTok always seeks to engage constructively with the EU Commission and other regulators,” the TikTok Policy Europe account said in a Wednesday (April 24) post on X (formerly Twitter). “We are therefore...

Regulations, Innovations and AI Define This Week in Big Tech
Big Tech // April 18, 2024

Big Tech companies, including Meta, Alphabet (Google), Amazon, Apple and Microsoft, aren’t getting any smaller. Not only do these businesses represent many of the world’s most valuable public companies by market capitalization, but they increasingly represent the cutting edge of both technological innovation as well as the...

EU Leaders Seek Reforms to Attract Private Capital
International // April 09, 2024

European Union (EU) leaders reportedly aim to harmonize the member nations’ bankruptcy and corporate tax laws. The leaders will call for this and other changes during a summit scheduled for April 17-18, Reuters reported Tuesday (April 9), citing a draft document it had seen. The EU leaders will...

Apple Yields to EU Demands on Music Streaming
Apple // April 07, 2024

Apple has reversed course in the battle over music-streaming services in Europe. The tech giant said Friday (April 5 it has accepted demands by the European Union that it stop blocking music apps from notifying listeners of cheaper services outside the Apple app store.  Now, Apple...

Interviews & Exclusives
Is the UK Brexiting From Instant Payments?

March 21, 2024
It’s often said that history repeats itself. It’s hard to look at the current state of play regarding instant, or real-time, payments in the EU and U.K. right now and not think about that adage. Because right after the EU standardized an ambitious plan to accelerate instant payments, the U.K. has countered with a proposal […]

Facial Recognition Debate Gathers Steam Despite Popularity Among Gen Z Consumers

October 06, 2023
As the use of facial recognition software continues to expand around the world, concerns about privacy and human rights violations have reignited the debate surrounding this technology. On Friday (Oct....

Handicapping the US, UK and Europe Real-Time Payments Race

October 06, 2023
Real-time payments have revolutionized the global financial landscape, fostering greater efficiency, convenience and inclusion. Countries worldwide are embracing real-time payment systems to meet the growing demand for instant transactions. Real-time...

US, EU Data Sharing Framework Paves Way for ‘Trust and Consumer Confidence’

September 28, 2023
Ashley Eisenberg, data privacy officer at Forter, told PYMNTS in a recent interview that as companies do business across borders, data access — and protection — are top of mind....

Quick Reads
Anthropic Launches AI Assistant Claude in Europe

May 13, 2024
Artificial intelligence (AI) startup Anthropic has launched its AI assistant Claude in Europe. The web-based version Claude.ai, the Claude iOS app, and the subscription-based Claude Team plan that allows businesses to access the Claude 3 model family, are now available across Europe, the company said in a press release. These offerings join the Claude API, which was launched in Europe earlier this year and allows developers to integrate […]

TikTok Suspends Rewards Program Amid EU Pressure

April 24, 2024
TikTok has suspended a rewards program on TikTok Lite amid a dispute with European Union (EU) regulators. “TikTok always seeks to engage constructively with the EU Commission and other regulators,” the TikTok Policy...

EU Leaders Seek Reforms to Attract Private Capital

April 09, 2024
European Union (EU) leaders reportedly aim to harmonize the member nations’ bankruptcy and corporate tax laws. The leaders will call for this and other changes during a summit scheduled for April...

Apple Yields to EU Demands on Music Streaming

April 07, 2024
Apple has reversed course in the battle over music-streaming services in Europe. The tech giant said Friday (April 5 it has accepted demands by the European Union that it stop blocking...