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

Uber Files Leak May Push Forward EU Gig Worker Legislation  
Uber Files Leak May Push Forward EU Gig Worker Legislation  
July 11, 2022  |  Ridesharing

Uber’s past ghosts are still chasing the company, and the recent revelations exposing how top politicians secretly helped Uber to grow may have consequences beyond...

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Today in Retail: Levi’s Direct-to-Consumer Sales Continue Growth; Amazon and Walmart Wage War on Grocery Front
Today in Retail: Levi’s Direct-to-Consumer Sales Continue Growth; Amazon and Walmart Wage War on Grocery...
July 08, 2022  |  Retail

Today in retail, EU retailers are trying to combat cart abandonment with choice-based one-click checkout while fast fashion and circular fashion are finding their way...

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Weekly TechREG EMEA: Big Tech Firms Faces New Online Platform Rules and Probes in Europe; ECB and BoE Raise Concerns About the Implementation of Crypto Regulation 
Weekly TechREG EMEA: Big Tech Firms Faces New Online Platform Rules and Probes in Europe;...
July 08, 2022  |  emea

This week, the EU parliament approved two landmark bills that will regulate online platforms, the Digital Markets Act and the Digital Services Act — but...

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Irish Privacy Regulator Closer to Blocking Meta Data Transfers
Irish Privacy Regulator Closer to Blocking Meta Data Transfers
July 07, 2022  |  Meta

Ireland’s Data Protection Commission (DPC) is closer to taking steps that could suspend data transfers from the European Union to the U.S. by Facebook and...

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Today in TechREG: Boris Johnson Resignation May Delay Crypto, BNPL Legislation; US Banks Urged to Take More Measured Approach to Customer Due Diligence 
Today in TechREG: Boris Johnson Resignation May Delay Crypto, BNPL Legislation; US Banks Urged to...
July 07, 2022  |  Regulation

Today the U.K. Prime Minister announced his resignation, and this decision may delay the adoption of new regulation on crypto assets and Buy Now Pay...

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Fed, FinCEN, OCC Urge Banks to Take More Measured Approach to Customer Due Diligence
Fed, FinCEN, OCC Urge Banks to Take More Measured Approach to Customer Due Diligence
July 07, 2022  |  Bank Regulation

The Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the Financial Crimes Enforcement Network (FinCEN), the National Credit Union Administration,...

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Today in TechREG: Amazon Faces a New UK Antitrust Investigation; Department of Commerce Urged to Slow Roll CBDCs and Clarify Crypto Rules 
Today in TechREG: Amazon Faces a New UK Antitrust Investigation; Department of Commerce Urged to...
July 06, 2022  |  Regulation

Today, the U.K. Competition Markets Authority launched an investigation against Amazon for allegedly giving its own sellers an unfair advantage in its marketplace over third...

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Big Tech May Not Feel Impact of EU’s New Online Rules Until 2024
Big Tech May Not Feel Impact of EU’s New Online Rules Until 2024
July 06, 2022  |  Big Tech

After years in the making, on Tuesday, July 5, the EU Parliament approved in plenary session landmark legislation that will set comprehensive standards for regulating...

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Bank of England Calls for Tougher Crypto Rules
Bank of England Calls for Tougher Crypto Rules
July 05, 2022  |  Cryptocurrency

England’s central bank says that a recent $2 trillion drop in the value of cryptocurrencies shows the market needs stricter regulations. As the Financial Times...

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