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 Could Have AI Code of Conduct ‘Very Soon’
EU Could Have AI Code of Conduct ‘Very Soon’
May 31, 2023  |  artificial intelligence

The European Union’s top technology official says rules governing artificial intelligence (AI) could be imminent. Speaking at Wednesday (May 31) news conference following a meeting...

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OpenAI CEO Reverses Threat to Leave Europe Due to Regulations
OpenAI CEO Reverses Threat to Leave Europe Due to Regulations
May 26, 2023  |  artificial intelligence

OpenAI plans to continue operating in Europe, CEO Sam Altman tweeted Friday (May 26). Altman had told Reuters on Wednesday (May 24) that the ChatGPT...

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Meta Hit With Landmark $1.3 Billion EU Privacy Fine
Meta Hit With Landmark $1.3 Billion EU Privacy Fine
May 22, 2023  |  Meta

Meta Platforms has been fined a record $1.3 billion for violating Europe’s data privacy law. The fine, announced Monday (May 22) by the Irish Data...

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EPI Will Debut P2P Digital Wallet in 2024
EPI Will Debut P2P Digital Wallet in 2024
April 25, 2023  |  Payment Methods

The European Payments Initiative says its vision of a unified payment system is closer to reality. The EPI plans to launch a pilot of a person-to-person instant...

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EU Crypto Regulations Pass as Policymakers Claim Advantage Over US
EU Crypto Regulations Pass as Policymakers Claim Advantage Over US
April 20, 2023  |  Cryptocurrency

How do you deal with a problem like crypto? While American regulators and lawmakers quibble over how to properly oversee the infamously tumultuous digital asset...

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TikTok Joins Ranks of Tech Firms Facing EU Privacy Crackdown
TikTok Joins Ranks of Tech Firms Facing EU Privacy Crackdown
January 17, 2023  |  Regulation

A five million euro fine for privacy violations welcomes TikTok to an expensive club. It’s not the first time the Chinese company has been fined...

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UK and EU’s Payments and Crypto Regulation Divergence Set to Accelerate
UK and EU’s Payments and Crypto Regulation Divergence Set to Accelerate
December 30, 2022  |  Cryptocurrency

In 2023, the U.K. will accelerate its divergence from EU payment and crypto regulations. Meanwhile, the EU is moving ahead with its own policy agenda...

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Crypto Firms May Have to Report EU Tax Evaders
Crypto Firms May Have to Report EU Tax Evaders
December 08, 2022  |  Cryptocurrency

The EU has proposed new tax transparency rules for crypto transactions. During a press conference on Thursday (Dec. 8), Paolo Gentiloni, the EU commissioner for...

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European Retail Sales Fall Amid Consumer Caution
European Retail Sales Fall Amid Consumer Caution
December 05, 2022  |  Economy

European retail sales declined in October as consumers struggled with an increased cost of living. Figures released Monday (Dec. 5) by Eurostat, the statistics office...

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