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.
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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.
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.
MiCA: Is This Crypto Regulation Needed?
29 June, 2023 — MiCA, the ‘exhaustive’ regulatory framework erected around the crypto industry within the EU came into effect. Its purpose? To “regulate something that’s borderless, open-source, decentralised and constantly evolving”. Innovation regulation does not purport great expectations, is MiCA any different? Are innovative and autonomous financial instruments supported by the voting outcome of […]
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
Google Launches AI Chatbot in Europe
Google announced the launch of Bard, an artificial intelligence-based chatbot, in Europe and Brazil.
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.
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.
Apple Defies EU Over Antitrust Charges in Spotify Probe
Apple is preparing for a confrontation with European regulators.
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
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
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.
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.
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.
Alibaba to Bring Tmall eCommerce Site to Europe
Michael Evans, president of Alibaba Group, announced the intention of the Chinese e-commerce giant to launch its Tmall website in Europe.
Gaming Startup Wargraphs Sells for $54 Million
Wargraphs, a startup that consists of one person and is developing a popular companion app for League of Legends called Porofessor, was sold for $54 million.
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