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

BaFin: Solaris SE Must Improve Controls or Face Financial Penalties
BaFin: Solaris SE Must Improve Controls or Face Financial Penalties
July 12, 2024  |  Bank Regulation

German financial regulator BaFin said Friday (July 12) that Solaris SE faces financial penalties if it doesn’t improve its controls. Solaris, which has a banking license in Germany...

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Trending: Next Steps for Apple as It Opens Its Ecosystem in Europe
Trending: Next Steps for Apple as It Opens Its Ecosystem in Europe
July 12, 2024  |  Regulation

For Apple, the iPhone and the App Store have historically been linchpins for its ecosystem — where the hardware is an onramp to a broad...

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Apple Opens Payments Tech to Avoid EU Fine
Apple Opens Payments Tech to Avoid EU Fine
July 11, 2024  |  Apple

Apple has agreed to open its mobile wallet tech to rivals, thus avoiding fines in Europe. The agreement, announced by the European Union (EU) Thursday...

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Shein Promises $271 Million Investment in EU and UK Before Potential IPO
Shein Promises $271 Million Investment in EU and UK Before Potential IPO
July 10, 2024  |  Investments

Shein reportedly pledged a $271 million, five-year investment in Europe and the United Kingdom. The planned investment comes as the fast-fashion retailer is preparing for...

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Amazon Gets 3 Weeks to Show Compliance With Digital Services Act
Amazon Gets 3 Weeks to Show Compliance With Digital Services Act
July 05, 2024  |  Amazon

The European Commission wants Amazon to prove it’s complying with the Digital Services Act (DSA). The watchdog group has given the tech giant until July...

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Mollie and Riverty Partner on BNPL Solution in Europe
Mollie and Riverty Partner on BNPL Solution in Europe
July 03, 2024  |  BNPL

European financial service provider Mollie has partnered with buy now, pay later (BNPL) provider Riverty to offer a 30-day invoicing solution to Mollie customers. With...

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Circle Attains EMI License From France, Achieves MiCA Compliance
Circle Attains EMI License From France, Achieves MiCA Compliance
July 01, 2024  |  Cryptocurrency

Circle has attained an Electronic Money Institution (EMI) license from the French banking authority, thereby achieving compliance with the European Union’s (EU) Markets in Crypto-Assets (MiCA) regulatory...

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European Commission Takes Closer Look at Microsoft-OpenAI Ties
European Commission Takes Closer Look at Microsoft-OpenAI Ties
June 28, 2024  |  Big Tech

The European Commission is taking a closer look at the ties between Microsoft and OpenAI. The regulator is sending a follow-up request for information “to...

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Microsoft’s Teams Accused of Violating EU Antitrust Rules
Microsoft’s Teams Accused of Violating EU Antitrust Rules
June 25, 2024  |  ANTITRUST

European regulators say Microsoft’s Teams may have breached its antitrust rules through “possibly abusive” practices. The European Commission (EC) said Tuesday (June 25) that a...

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