European Commission

The European Union's competition watchdog is poised to reject Amazon.com Inc's (NASDAQ: AMZN) ambitious $1.7-billion acquisition of iRobot Corporation (NASDAQ: IRBT), the company known for its Roomba vacuum cleaners. This decision marks a potential halt to one of Amazon's major...

In a recent move, the European Commission has sought information from 17 tech behemoths, including Apple, Amazon, Microsoft, and Meta, under the EU’s Digital Services Act (DSA). What Happened: The European Commission, as per a Reuters report on Thursday, has dispatched information requests...

Microsoft Corp‘s (NYSE:MSFT) multi-billion dollar investment in artificial intelligence (AI) developer OpenAI is coming under further scrutiny after the European Commission (EC), the EU’s competition authority, said it was “checking” the relationship between the two...

Apple Inc (NASDAQ: AAPL) could soon become the next major tech company to face a federal antitrust lawsuit.  According to a report from the New York Times, the U.S. Department of Justice (DOJ) is in the late stages of an investigation into Apple’s business practices and could...

The European Commission has unveiled an ambitious vision that aims to lay the groundwork for the creation of a digital form of the euro. Goal Of Modernizing Euro Currency The initiative seeks to modernize the currency, ensuring that citizens and businesses throughout the eurozone can continue to...

Xbox head Phil Spencer said Microsoft Corp (NASDAQ: MSFT) had an unwavering commitment to the anticipated acquisition of Activision Blizzard Inc (NASDAQ: ATVI) and having confidence in its completion. According to PC Gamer, Spencer addressed the topic during an Xbox event...

The U.K. Competition & Markets Authority (CMA) issued a strong response to the European Commission's approval of the $68.7 billion proposed merger between Microsoft Corp. (NASDAQ: MSFT) and Activision Blizzard Inc. (NASDAQ: ATVI). In a statement released on Twitter, the CMA...

Microsoft Corp.'s (NASDAQ: MSFT) proposed $68.7-billion acquisition of Activision Blizzard Inc. (NASDAQ: ATVI) is set to receive approval from EU antitrust regulators next week, sources familiar with the matter told Reuters. Insiders told Reuters the green light for the deal will likely be...

A report funded by the European Commission has urged stricter identity verification for users of cryptocurrency exchanges in an effort to combat the increasing use of darknet marketplaces for purchasing illegal substances. The study, commissioned by the European Union's European Monitoring...

European Parliament officials will meet on March 28 to vote on the wording of an anti-money laundering bill. The digital assets industry had expressed concerns about the bill, prompting policymakers to return to the original phrasing regarding commercial payments, The Block reported. One provision...

Mining cryptocurrencies consumes a great amount of energy. In an effort to make the adoption of cryptos more sustainable, the European Commission (EC) is developing the a framework to encourage "the most energy-efficient versions of the technology." What Happened: By developing a standard...

The European Union is increasingly cracking down on cryptocurrency and relevant services as part of its efforts to ensure that sanctions imposed on Russia are not evaded by using assets such as Bitcoin (CRYPTO: BTC) and stablecoins. What Happened: While the sanctions imposed on...

The European Union is considering a heavy-handed approach that could change how cryptocurrencies work and greatly limit the freedom and privacy of those who use digital assets, including Bitcoin (CRYPTO: BTC). What Happened: The European Commission has drafted a proposal that would...

The European Commission (EC) has approved BioMarin Pharmaceutical Inc's (NASDAQ: BMRN) Voxzogo (vosoritide) once-daily injection to treat achondroplasia. The approval covers children from 2 years until growth plates are closed, which occurs after puberty when children reach...

The European Commission has temporarily suspended the provisional deadline for its investigation into Illumina Inc's (NASDAQ: ILMN) plans to buy Grail Inc, adding uncertainty to whether regulators will wrap up before the deal expires. As first reported by Reuters, the...