PYMNTS-MonitorEdge-May-2024

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

This Week in AI: Anthropic Goes to iPhone, AI Programming, Europe’s Rise
This Week in AI: Anthropic Goes to iPhone, AI Programming, Europe’s Rise
May 03, 2024  |  Artificial Intelligence

This week in artificial intelligence, Anthropic is launching its first smartphone app. In computer programming, AI is rapidly reshaping practices from Silicon Valley to major...

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Apple Gets Six Months to Bring iPad Under EU Law
Apple Gets Six Months to Bring iPad Under EU Law
April 29, 2024  |  Apple

European regulators are giving Apple six months to bring its iPad up to code. The European Commission said in a Monday (April 29) news release that...

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EU Antitrust Chief Margrethe Vestager Says AI Needs ‘Vibrant Competition’
EU Antitrust Chief Margrethe Vestager Says AI Needs ‘Vibrant Competition’
April 26, 2024  |  artificial intelligence

In a meeting that underscores the European Union’s ongoing scrutiny of the tech industry, Margrethe Vestager, the EU’s antitrust chief, held discussions with representatives from the French...

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

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...

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EU Regulators Set to Accept Apple’s Proposals on Tap-and-Go Tech
EU Regulators Set to Accept Apple’s Proposals on Tap-and-Go Tech
April 19, 2024  |  Apple

European Union (EU) antitrust regulators are reportedly preparing to approve Apple’s tap-and-go mobile payments system proposals as early as May. The tech company had proposed to open the...

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German Agency Criticizes EY’s Audits of Wirecard
German Agency Criticizes EY’s Audits of Wirecard
April 19, 2024  |  Security & Fraud

A German regulator has reportedly concluded that EY’s audit work and quality control regarding the now-defunct payments firm Wirecard was marked by “grave” and “repeated” violations...

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Why Europe Must End Its 30-Year Digital Winter to Ensure Its Long-Run Future
Why Europe Must End Its 30-Year Digital Winter to Ensure Its Long-Run Future
April 18, 2024  |  Opinion

In the last 30 years, Europe — defined here as the EU plus the U.K., Norway and Switzerland — has created few leading digital businesses...

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Report: Flink Raising Money from Investors, Discussing Merger With Rivals
Report: Flink Raising Money from Investors, Discussing Merger With Rivals
April 17, 2024  |  Investments

German grocery delivery startup Flink is reportedly receiving another 100 million euros ($106.7 million) from investors to extend its runway and try to outlast its competitors....

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European Banking Federation Says EU Should Streamline Regulation
European Banking Federation Says EU Should Streamline Regulation
April 16, 2024  |  Bank Regulation

The European Banking Federation (EBF) is calling on the European Union (EU) to streamline regulation of banks and to declare banks a “strategic sector.” The group is...

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