European Union

The European Union is a political and economic union of 27 member states that are located primarily in Europe. Its members have a combined area of 4,233,255.3 km² and an estimated total population of about 447 million.

Source: europa.eu

Amazon Marketplace Could Reportedly Face EU Antitrust Case in 2025
Amazon Marketplace Could Reportedly Face EU Antitrust Case in 2025
November 21, 2024  |  Amazon

European regulators are reportedly set to investigate whether Amazon’s marketplace favors its branded products. The European Union (EU) investigation is “likely” to come next year,...

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Tech Investor Niel: EU Risks Being ‘Abandoned’ in AI Race
Tech Investor Niel: EU Risks Being ‘Abandoned’ in AI Race
November 17, 2024  |  artificial intelligence

Can Europe create leading artificial intelligence (AI) firms without spending as much as companies in America? Telecom billionaire Xavier Niel thinks it’s possible, provided that...

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Booking.com Gets ‘Gatekeeper’ Status Under Digital Markets Act
Booking.com Gets ‘Gatekeeper’ Status Under Digital Markets Act
November 14, 2024  |  Regulation

European regulators say Booking.com must comply with the Digital Markets Act (DMA). The European Commission (EC) announced Wednesday (Nov. 13) that Booking Holdings — the...

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Visa Says European Antitrust Watchdog Investigating Its Acquirer Fees
Visa Says European Antitrust Watchdog Investigating Its Acquirer Fees
November 14, 2024  |  ANTITRUST

Visa says European regulators are investigating the fees it charges retailers. The company revealed the European Commission’s (EC) preliminary probe in its annual report Wednesday...

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Global Push for Real-Time Payments: EU, Brazil and South Africa Lead the Way
Global Push for Real-Time Payments: EU, Brazil and South Africa Lead the Way
November 06, 2024  |  Real-Time Payments

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,...

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SAP Pushes Back on EU Regs as FDA Tightens AI Oversight
SAP Pushes Back on EU Regs as FDA Tightens AI Oversight
October 23, 2024  |  artificial intelligence

European tech leaders warn against stifling AI innovation as SAP’s CEO pushes back on European Union regulations. At the same time, the FDA rolls out...

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European Investment Bank Aims to Provide Greater Support to Startups
European Investment Bank Aims to Provide Greater Support to Startups
October 07, 2024  |  Startups

The European Investment Bank (EIB) said Monday (Oct. 7) that European Union (EU) finance ministers have welcomed its Action Plan to deepen the region’s capital markets...

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EU Saves as US Consumers ‘Drive Global Economic Train’
EU Saves as US Consumers ‘Drive Global Economic Train’
October 06, 2024  |  Consumer Insights

European consumers are saving at higher rates than before COVID as their American counterparts spend. As the Financial Times (FT) noted in a report Sunday...

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Fed Questions AI Productivity Boost as EU Starts Work on Regulating It
Fed Questions AI Productivity Boost as EU Starts Work on Regulating It
October 02, 2024  |  artificial intelligence

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...

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