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 (Nov. 13). “On August 30, 2024, the EC informed Visa that it has opened a preliminary investigation into Visa’s fees...
Meta said Thursday (Nov. 14) that it will appeal the European Commission’s (EC) decision in a case alleging practices involving Facebook and Facebook Marketplace that cause competitive harm. The EC announced Wednesday (Nov. 13) that it fined Meta 797.72 million euros (about $842 million), saying the company violated European...
The European Commission and the Consumer Protection Cooperation Network said Monday (Nov. 11) that Apple may face enforcement measures if it does not stop its geo-blocking practices on certain Apple Media services. The tech giant has one month to propose how it will address these...
The European Commission has reportedly launched a probe into whether Mastercard and Visa’s fees are hurting merchants. The commission sent out questionnaires to retailers and payment service providers about both Visa and Mastercard in September, giving them until October to respond, Reuters reported Wednesday (Nov. 6),...
October 02, 2024
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 and the European Commission assembled experts to craft AI guidelines. These developments highlighted the complex landscape of AI adoption, balancing enthusiasm with practical challenges as nations and organizations navigated the […]
January 15, 2024
Friday heralded the official kick off of earnings season, with banks leading the charge. Within the CE 100 Index, gains seen in the work segment were blunted by the bank...
October 14, 2022
In the first few years of Decentralized Finance (DeFi), platforms like Uniswap and Pancakeswap fueled the explosion of a field that has been defined by a series of spectacular gold...
October 06, 2022
The final text of the Markets in Crypto Assets (MiCA) law creating a broad legal framework for digital assets including cryptocurrencies and stablecoins has been passed by the European Commission,...
November 14, 2024
European regulators say Booking.com must comply with the Digital Markets Act (DMA). The European Commission (EC) announced Wednesday (Nov. 13) that Booking Holdings — the travel website’s parent — had been designated as a “gatekeeper” under the DMA and must make sure the company adheres to the law. Margrethe Vestager, who oversees antitrust efforts for the […]
November 14, 2024
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 (Nov. 13). “On August 30,...
November 14, 2024
Meta said Thursday (Nov. 14) that it will appeal the European Commission’s (EC) decision in a case alleging practices involving Facebook and Facebook Marketplace that cause competitive harm. The EC announced Wednesday (Nov....
November 12, 2024
The European Commission and the Consumer Protection Cooperation Network said Monday (Nov. 11) that Apple may face enforcement measures if it does not stop its geo-blocking practices on certain Apple...
