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

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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Big Tech Awaits Changing of EU Regulatory Guard
Big Tech Awaits Changing of EU Regulatory Guard
September 22, 2024  |  Regulation

Two of the European Union’s top regulators are stepping down from their posts. And as Wired reported Saturday (Sept. 22), experts say it’s too soon...

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Global Embrace of eInvoicing Targets Fraud
Global Embrace of eInvoicing Targets Fraud
September 19, 2024  |  B2B Payments

Businesses want to be paid in a timely manner. Governments want tax revenue. The advantages of cutting down on paper — and, specifically, paper invoices...

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Apple and Google Court Losses Mark ‘Big Win’ for Regulators
Apple and Google Court Losses Mark ‘Big Win’ for Regulators
September 10, 2024  |  Legal

A European court has ruled against both Apple and Google in separate cases. The European Union Court of Justice has upheld a 2016 decision by the European Commission that Ireland gave...

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