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

EU General Court Partially Suspends DSA Rules for Amazon
EU General Court Partially Suspends DSA Rules for Amazon
September 28, 2023  |  Amazon

The European Union (EU) General Court has reportedly partly suspended a European Commission (EC) decision that required Amazon to publish a detailed database of advertisements...

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US, EU Data Sharing Framework Paves Way for ‘Trust and Consumer Confidence’
US, EU Data Sharing Framework Paves Way for ‘Trust and Consumer Confidence’
September 28, 2023  |  Regulation

Ashley Eisenberg, data privacy officer at Forter, told PYMNTS in a recent interview that as companies do business across borders, data access — and protection...

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EC Commissioner Says DMA Doesn’t Compromise Security and Privacy
EC Commissioner Says DMA Doesn’t Compromise Security and Privacy
September 26, 2023  |  Regulation

Following a recent meeting with Apple CEO Tim Cook, European Union (EU) Internal Market Commissioner Thierry Breton called on the tech giant to open up its ecosystem of hardware and software to...

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Standard Deviation? Private Rule-Making Under the EU AI Act
Standard Deviation? Private Rule-Making Under the EU AI Act
September 12, 2023  |  Regulation

The proposed EU AI Act (AIA) is an omnibus piece of legislation. It aims to provide the world’s first “horizontal” regulatory framework for AI, not...

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Meta Revamps WhatsApp to Meet EU ‘Gatekeeper’ Rules
Meta Revamps WhatsApp to Meet EU ‘Gatekeeper’ Rules
September 11, 2023  |  Meta

Meta has reportedly updated WhatsApp to comply with new European Union (EU) rules. As TechCrunch reported Monday (Sept. 11), the tech giant is developing a...

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EU Names Amazon and Meta Among Its 6 ‘Gatekeepers’
EU Names Amazon and Meta Among Its 6 ‘Gatekeepers’
September 06, 2023  |  Regulation

The European Commission has named six tech giants as “gatekeepers” under its Digital Markets Act. That distinction, announced Wednesday (Sept. 6), applies to Alphabet, Amazon, Apple, ByteDance, Meta and Microsoft, and gives the companies six months...

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Microsoft to Unbundle Teams From Office in EU to Address Antitrust Concerns
Microsoft to Unbundle Teams From Office in EU to Address Antitrust Concerns
August 31, 2023  |  Regulation

Microsoft has announced plans to unbundle its Teams software from its Office suite in Europe in response to concerns raised in an antitrust investigation by the...

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EU’s AI Act Raises Questions Around Who Will Watch the Watchers
EU’s AI Act Raises Questions Around Who Will Watch the Watchers
August 29, 2023  |  artificial intelligence

Lawmakers around the globe are organizing their efforts to tackle artificial intelligence (AI) more aggressively. Both Beijing and Brussels have struck first, although the European...

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Spanish Official Suggests Tools to Mitigate Digital Euro’s Unintended Consequences
Spanish Official Suggests Tools to Mitigate Digital Euro’s Unintended Consequences
August 25, 2023  |  International

Before making a final decision on the potential launch of a digital euro, the European Central Bank (ECB) must assess the impact of a digital euro on...

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