European Union news and archive

Riskified partners with Axerve to aid in SCA compliance

Fraud management platform Riskified has revealed a new partnership with Axerve allowing for its machine learning solutions to be used by the Italian payment hub’s clients. The partnership includes Riskified’s PSD2 Optimize solution, which aims to help brands navigate the European Union’s (EU) Payment Services Directive (PSD2), a revised European...

Business

European Commission investigates Nike’s tax status in the Netherlands

The European Commission has launched an in-depth investigation into Nike’s tax arrangements in the Netherlands, looking to examine whether the country’s tax administration body, Belastingdienst, has given the sportswear giant an unfair advantage over its competitors. Between 2006 and 2015, Dutch authorities issued five tax rulings, two of which...

Business

More than 30 textile chemicals to be restricted in the EU

The European textile industry has until December 2020 to comply to a new EU regulation restricting the use of 33 chemicals which are classified as carcinogenic, mutagenic or toxic for reproduction, including benzene, formaldehyde and heavy metals. These substances are either used to confer certain properties to textiles or remain in fabrics as a...

Business |INTERVIEW Featured

Jean-François Limantour: “The EU favors Asian countries over the Maghreb”

With a resumé that includes experience as General Representative, both at the French Union of the Fashion and Apparel Industries and the European Association of the Apparel Industry, Jean-François Limantour has been an eye-witness to many geopolitical changes that have transformed the sector. During an in person interview with FashionUnited, he...

Business

Consumers less inclined to buy British goods following Brexit

London - At the moment there are no signs of a potential boycott concerning Britain or its British goods following the UK voting in favour of leaving the European Union. However, there is still plenty for British retailers to be worried about - especially those overseas - as more than a quarter of people (27 percent) from 16 countries outside of...