EU - page 7

News

EU Antitrust Regulators Reportedly Suspends Investigation of Amazon’s Acquisition of iRobot

The media reported that the antitrust regulators of the European Union temporarily halted their investigation in connection with Amazon’s acquisition of the manufacturer of robot vacuum cleaners iRobot in a deal worth $1.7 billion.

Science & Technology

EU Names Six Tech Giants to Comply With DMA

The EU regulators have come up with a list of so-called gatekeepers with enough market power to report their core platform services to the European Commission under the Digital Markets Act (DMA)

News

TikTok Opens Its First European Data Centre

TikTok has opened its first European data center, which is based in Dublin.

News

Big Tech Braces for European Union’s Clampdown on Anti-Competitive Practices

Big technology companies are preparing for the largest and most significant tightening clampdown on anti-competitive practices in the history of the European Union.

Science & Technology

Microsoft Splits Teams from Office in EU

Microsoft will give its European business customers the opportunity to buy the Teams video and chat app separately from the Office software.

News

Spain’s Deputy Central Bank Governor Suggests Tools to Mitigate Digital Euro’s Unintended Consequences

Deputy head of the Central Bank of Spain Margarita Delgado said that before making a final decision on the launch of the digital euro, the European Central Bank should analyze the potential impact of the virtual currency on the banking system of the eurozone.

News

Bunq Sees Record Funding Year With Fresh €44.5M Investment

Europe’s largest neobank bunq secures additional growth capital, bringing the total yearly investments to nearly €100M

News

Google Launches AI Chatbot in Europe

Google announced the launch of Bard, an artificial intelligence-based chatbot, in Europe and Brazil.

News

Numarics Raises €10 Million to Offer Small Businesses All-in-One Digital CFO Solution

Swiss fintech startup Numarics announced the raising of investment funds for 10 million euros following the results of the initial round of financing.

News

Meta Loses EU Court Fight Over German Attack on Facebook

The social network Facebook, which is part of the Meta ownership structure, lose in the Supreme Court of the European Union for the cancellation of the German antitrust decision, which provided for a review of the business strategy of the American technology firm.

News

Apple Defies EU Over Antitrust Charges in Spotify Probe

Apple is preparing for a confrontation with European regulators.

Fintech & Ecommerce

Travel Tech UTU Raises $33M to Promote Tax-Free Shopping

Part of Series B funding was used by utu to acquire CardsPal, a Singapore-based fintech that offers deals and promotions nearby to users

Fintech & Ecommerce

EU to Introduce Open Source Platform that Tracks Goods Throughout Supply Chain

The blockchain-based platform will enable brands to trace their products from their point of manufacture to their final destination and end customers in the EU

Science & Technology

OpenAI Reportedly Lobbies for Amendments to EU’s AI Act

The media reports that OpenAI has successfully lobbied for changes to the legislation of the European Union on artificial intelligence.

News

Consumer Group Calls On EU to Investigate Risks of Generative AI

On Tuesday, June 20, the EU’s largest consumer group, BEUC, appealed to regulators to immediately begin investigating the potential risks of generative artificial intelligence.

News

ACI Worldwide Offers Instant Payments to UK and EU Merchants

ACI Worldwide has announced the launch of its instant payment solution for merchants in the UK and Europe.