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

Apple Fights EU’s $2 Billion Antitrust Ruling
Apple Fights EU’s $2 Billion Antitrust Ruling
May 23, 2024  |  Apple

Apple has appealed a nearly $2 billion antitrust fine handed down by European regulators. As Reuters reported Tuesday (May 22), the appeal comes after the...

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Bank of America: New EU Instant Payments Rules Address Liquidity for Corporates
Bank of America: New EU Instant Payments Rules Address Liquidity for Corporates
May 23, 2024  |  Faster Payments

The payments landscape in Europe is poised for a shift as new regulations mandating support for instant payments go into effect in 2025. That’s no...

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Anthropic Launches AI Assistant Claude in Europe
Anthropic Launches AI Assistant Claude in Europe
May 13, 2024  |  artificial intelligence

Artificial intelligence (AI) startup Anthropic has launched its AI assistant Claude in Europe. The web-based version Claude.ai, the Claude iOS app, and the subscription-based Claude Team plan that allows businesses to access the Claude 3...

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TikTok Suspends Rewards Program Amid EU Pressure
TikTok Suspends Rewards Program Amid EU Pressure
April 24, 2024  |  Social Commerce

TikTok has suspended a rewards program on TikTok Lite amid a dispute with European Union (EU) regulators. “TikTok always seeks to engage constructively with the EU Commission and...

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Regulations, Innovations and AI Define This Week in Big Tech
Regulations, Innovations and AI Define This Week in Big Tech
April 18, 2024  |  Big Tech

Big Tech companies, including Meta, Alphabet (Google), Amazon, Apple and Microsoft, aren’t getting any smaller. Not only do these businesses represent many of the world’s most valuable...

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EU Leaders Seek Reforms to Attract Private Capital
EU Leaders Seek Reforms to Attract Private Capital
April 09, 2024  |  International

European Union (EU) leaders reportedly aim to harmonize the member nations’ bankruptcy and corporate tax laws. The leaders will call for this and other changes during...

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Apple Yields to EU Demands on Music Streaming
Apple Yields to EU Demands on Music Streaming
April 07, 2024  |  Apple

Apple has reversed course in the battle over music-streaming services in Europe. The tech giant said Friday (April 5 it has accepted demands by the European...

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Is the UK Brexiting From Instant Payments?
Is the UK Brexiting From Instant Payments?
March 21, 2024  |  Faster Payments

It’s often said that history repeats itself. It’s hard to look at the current state of play regarding instant, or real-time, payments in the EU...

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Apple Insists It Complies With EU’s Digital Markets Act
Apple Insists It Complies With EU’s Digital Markets Act
March 18, 2024  |  Apple

Apple is defending its practices under Europe’s newly adopted Digital Markets Act (DMA). At a hearing Monday (March 18), the tech giant said that it has followed...

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