EU

The European Union is a political and economic union of 28 member states that are located primarily in Europe. Its members have a combined area of 4,475,757 km² and an estimated total population of about 513 million.

(source: en.wikipedia.org)

Apple and Amazon Fined $218 Million by Spain’s Antitrust Watchdog
Apple and Amazon Fined $218 Million by Spain’s Antitrust Watchdog
July 18, 2023  |  Legal

Apple and Amazon have been fined $218 million for allegedly colluding to block competition on Amazon’s Spanish website. That fine was announced Tuesday by the CNMC, Spain’s antitrust watchdog, which accuses...

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TikTok Faces Scrutiny Over Compliance With EU Regulations
TikTok Faces Scrutiny Over Compliance With EU Regulations
July 18, 2023  |  Regulation

TikTok reportedly failed to fully pass a recent test conducted by the European Union’s governing body, raising concerns that the popular social media platform is not yet...

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Neobank bunq Launches Cash Back and Savings Interest
Neobank bunq Launches Cash Back and Savings Interest
July 18, 2023  |  Digital Banking

European neobank bunq has added cash-back and savings bonuses to its offerings designed for digital nomads. bunq now offers 1% cash back on food and...

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China’s Generative AI Regulations Go Live Next Month
China’s Generative AI Regulations Go Live Next Month
July 17, 2023  |  News

China is a famously hands-on nation when it comes to controlling information within its borders. Still, that hasn’t stopped some of the world’s largest technology...

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Meta Plans to Challenge EU Over Facebook Marketplace Abuse
Meta Plans to Challenge EU Over Facebook Marketplace Abuse
July 12, 2023  |  Meta

Meta plans to challenge antitrust accusations that the European Union has leveled against it. The EU alleged that Meta stifled competition from classified ad competitors by...

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Amazon Challenges EU’s ‘Large Online Platform’ Law
Amazon Challenges EU’s ‘Large Online Platform’ Law
July 11, 2023  |  Legal

Amazon has filed a court challenge to Europe’s online content law for Big Tech companies. The company on Tuesday (July 11) filed suit before the Luxembourg-based...

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Cato Institute: Policymakers Must Tread Carefully When It Comes to Regulating AI
Cato Institute: Policymakers Must Tread Carefully When It Comes to Regulating AI
July 11, 2023  |  Regulation

Jennifer Huddleston, technology policy research fellow at the Cato Institute, told PYMNTS that regulators must take a careful approach as they examine artificial intelligence (AI)....

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An American Revolution — How US Crypto Policy Diverges From Rest of World
An American Revolution — How US Crypto Policy Diverges From Rest of World
July 04, 2023  |  Cryptocurrency

There will be no fireworks for the digital asset sector this July Fourth.  It’s looking like the course du jour being cooked on the grill...

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European Executives Say Proposed AI Rules Could Stifle Opportunities
European Executives Say Proposed AI Rules Could Stifle Opportunities
June 30, 2023  |  artificial intelligence

Executives of European companies say regulation could stifle the opportunities presented by artificial intelligence (AI). Leaders from engineering firm Siemens, brewer Heineken, carmaker Renault and...

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