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

EU Launches Delivery Hero and Glovo Antitrust Investigation
EU Launches Delivery Hero and Glovo Antitrust Investigation
July 23, 2024  |  ANTITRUST

Delivery Hero and its Spanish unit Glovo are under investigation by Europe’s antitrust watchdog. The European Commission (EC) announced Tuesday (July 23) that it will probe whether the relationship between the two...

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International Financial Stability Board Chair: Non-Bank Vulnerabilities Threaten Financial System
International Financial Stability Board Chair: Non-Bank Vulnerabilities Threaten Financial System
July 22, 2024  |  Regulation

A top global financial watchdog says the “shadow banking” sector needs more regulation. Writing Monday (July 22) to a group of finance ministers and central...

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Meta’s AI Retreat May Signal EU Regulatory Minefield
Meta’s AI Retreat May Signal EU Regulatory Minefield
July 19, 2024  |  artificial intelligence

Facebook parent Meta’s decision to withhold its latest multimodal artificial intelligence (AI) model from the European Union highlights the growing chasm between Silicon Valley innovation...

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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 in 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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