European Commission

The European Commission is the executive branch of the European Union, responsible for proposing legislation, implementing decisions, upholding the EU treaties and managing the day-to-day business of the EU.

Source: ec.europa.eu

European Commission Will Not Oppose Advent Acquisition of Nuvei
European Commission Will Not Oppose Advent Acquisition of Nuvei
July 17, 2024  |  Acquisitions

The European Commission will not oppose the proposed acquisition of payment technology provider Nuvei by private equity firm Advent International. European Commission Director-General Olivier Guersent...

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European Commission Asking Competitors About Effects of Google-Samsung AI Deal
European Commission Asking Competitors About Effects of Google-Samsung AI Deal
July 17, 2024  |  artificial intelligence

The European Commission is reportedly looking into whether Google’s generative artificial intelligence (AI) deal with Samsung keeps other companies’ chatbots off Samsung smartphones. The antitrust...

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Apple Opens Payments Tech to Avoid EU Fine
Apple Opens Payments Tech to Avoid EU Fine
July 11, 2024  |  Apple

Apple has agreed to open its mobile wallet tech to rivals, thus avoiding fines in Europe. The agreement, announced by the European Union (EU) Thursday...

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ECB Official Says Unregulated Banking Could Threaten Financial Stability
ECB Official Says Unregulated Banking Could Threaten Financial Stability
July 10, 2024  |  Banking

A European Central Bank board member is warning of threats tied to shadow banking. In an interview with the Financial Times published Wednesday (July 10), Elizabeth McCaul said the growth of...

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Delivery Hero Faces $433 Million EU Antitrust Fine
Delivery Hero Faces $433 Million EU Antitrust Fine
July 08, 2024  |  ANTITRUST

Germany’s Delivery Hero says it may face a “significant” fine over alleged antitrust violations. The online delivery service warned of the potential $433 million fine on a statement on...

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Amazon Gets 3 Weeks to Show Compliance With Digital Services Act
Amazon Gets 3 Weeks to Show Compliance With Digital Services Act
July 05, 2024  |  Amazon

The European Commission wants Amazon to prove it’s complying with the Digital Services Act (DSA). The watchdog group has given the tech giant until July...

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Visa and Mastercard Will Keep EU Tourist Fee Cap 5 More Years
Visa and Mastercard Will Keep EU Tourist Fee Cap 5 More Years
July 05, 2024  |  Credit Cards

Visa and Mastercard have reportedly agreed to extend caps on tourist card fees in Europe. As Reuters reported Friday (July 5), the card companies and European Union regulators...

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European Commission Takes Closer Look at Microsoft-OpenAI Ties
European Commission Takes Closer Look at Microsoft-OpenAI Ties
June 28, 2024  |  Big Tech

The European Commission is taking a closer look at the ties between Microsoft and OpenAI. The regulator is sending a follow-up request for information “to...

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Microsoft’s Teams Accused of Violating EU Antitrust Rules
Microsoft’s Teams Accused of Violating EU Antitrust Rules
June 25, 2024  |  ANTITRUST

European regulators say Microsoft’s Teams may have breached its antitrust rules through “possibly abusive” practices. The European Commission (EC) said Tuesday (June 25) that a...

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