european union Archive

The EU’s new regulatory environment might help fintech flourish

Dennis Mitzner Crunch Network Contributor Dennis Mitzner lives in Tel Aviv and writes about startups and technology trends. More posts by this contributor: How to join the network The EU’s efforts to regulate financial markets has opened new opportunities for global fintech operators looking for universal standards to tap into the lucrative 28-country marketplace. While over-regulation can stifle growth, the fintech industry, in pursuit of consumer …

Uh-oh! Crowdfunded social robot Jibo won’t now ship internationally

Jibo, a cutesy social robot pitched to crowdfunders in mid 2014 as ‘the world’s first social robot’ but since delayed and yet to arrive in the market some nine months after its original due date, is now only going to ship to backers in the U.S. and Canada. Overseas pre-orderers from the 45 other countries — where Jibo was originally slated as being available — have now been told they …

Brexit one month on: currency lows and talent fear

In late June a referendum vote in the UK delivered the shock verdict that a small majority of the British public wanted the country to leave the European Union. Next came the resignation of the Prime Minister and a precipitous drop in the value of the pound, which remains languishing far below its former heights. Various economic indicators now suggest the country is heading back towards recession. So how are …

Rising costs pile on the agony for Britain’s fashion retailers

From culottes to “cold shoulder” tops and woven loafers last seen in Miami Vice, many Britons have struggled with this summer’s fashions, but now there is an even more unpalatable trend on the horizon – in the shape of higher prices. The devaluation of sterling following the June Brexit vote has had major ramifications for store chiefs who pay in dollars for large quantities of …

EU-US Privacy Shield open for sign ups from today

U.S. companies needing to transfer personal data of European customers across the Atlantic can now sign up to a new framework to govern such data transfers, with the so-called EU-US Privacy Shield up and running from today. The European Commission has also now published the legal texts associated with the Privacy Shield agreement, along with a citizens guide — which aims to provide information to EU consumers as to how they can …