PYMNTS-MonitorEdge-May-2024

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

Microsoft Facing EU Antitrust Case Over Teams/Office Bundle
Microsoft Facing EU Antitrust Case Over Teams/Office Bundle
July 17, 2023  |  ANTITRUST

Microsoft’s Teams product has reportedly made it the target of an antitrust probe in Europe. The tech giant will be formally investigated by the European...

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Meta’s Threads App Launch Postponed in EU Amid Data Privacy Concerns
Meta’s Threads App Launch Postponed in EU Amid Data Privacy Concerns
July 05, 2023  |  Meta

Meta’s Twitter rival, Threads, which is due to release worldwide on Thursday (July 6), will not be offered in the European Union. Per a preview image of...

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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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Proposed EU Banking Rules Address Environmental and Crypto Risks
Proposed EU Banking Rules Address Environmental and Crypto Risks
June 27, 2023  |  Regulation

European Union (EU) banks may soon have new rules around environmental and crypto risks. The proposed new banking rules have been agreed upon by negotiators...

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EU Could Have AI Code of Conduct ‘Very Soon’
EU Could Have AI Code of Conduct ‘Very Soon’
May 31, 2023  |  artificial intelligence

The European Union’s top technology official says rules governing artificial intelligence (AI) could be imminent. Speaking at Wednesday (May 31) news conference following a meeting...

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OpenAI CEO Reverses Threat to Leave Europe Due to Regulations
OpenAI CEO Reverses Threat to Leave Europe Due to Regulations
May 26, 2023  |  artificial intelligence

OpenAI plans to continue operating in Europe, CEO Sam Altman tweeted Friday (May 26). Altman had told Reuters on Wednesday (May 24) that the ChatGPT...

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Meta Hit With Landmark $1.3 Billion EU Privacy Fine
Meta Hit With Landmark $1.3 Billion EU Privacy Fine
May 22, 2023  |  Meta

Meta Platforms has been fined a record $1.3 billion for violating Europe’s data privacy law. The fine, announced Monday (May 22) by the Irish Data...

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EPI Will Debut P2P Digital Wallet in 2024
EPI Will Debut P2P Digital Wallet in 2024
April 25, 2023  |  Payment Methods

The European Payments Initiative says its vision of a unified payment system is closer to reality. The EPI plans to launch a pilot of a person-to-person instant...

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EU Crypto Regulations Pass as Policymakers Claim Advantage Over US
EU Crypto Regulations Pass as Policymakers Claim Advantage Over US
April 20, 2023  |  Cryptocurrency

How do you deal with a problem like crypto? While American regulators and lawmakers quibble over how to properly oversee the infamously tumultuous digital asset...

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