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

UK Launches FinTech Fund Backed by Mastercard and Barclays
UK Launches FinTech Fund Backed by Mastercard and Barclays
August 16, 2023  |  Startups

The United Kingdom has taken a significant step to bolster its position as a global FinTech investment hub by launching a £1 billion investment fund,...

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Crypto Company Circle Prepares for New Products and Global Expansion
Crypto Company Circle Prepares for New Products and Global Expansion
August 10, 2023  |  Cryptocurrency

Crypto company Circle Internet Financial is counting on its $1 billion cash cushion to weather fresh competition from non-crypto companies such as PayPal Holdings. Stablecoins are a...

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European Union Investigates Spanish Regulations on Ride-Hailing Services
European Union Investigates Spanish Regulations on Ride-Hailing Services
July 28, 2023  |  Ridesharing

The European Union (EU) is looking into the tightening of regulations experienced by ride-hailing apps in Spain. The EU has opened a preliminary probe into whether the...

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Italian Antitrust Body Eliminates Payment Fees for Small Retail Transactions
Italian Antitrust Body Eliminates Payment Fees for Small Retail Transactions
July 21, 2023  |  Digital Payments

Italy’s antitrust body has approved a deal that will eliminate payment fees and softens restrictions placed on small card transactions, following a 2022 promise made...

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JPMorgan to Expand Online Banking Platform Into Germany and EU
JPMorgan to Expand Online Banking Platform Into Germany and EU
July 21, 2023  |  Digital-First Banking

J.P. Morgan reportedly plans to expand its online banking platform Chase into Germany and other European Union (EU) countries. Preparations for such a move have...

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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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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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