Italy’s antitrust said on Thursday it had fined e-commerce giant Amazon 1.13 billion euros ($1.28 billion) for alleged abuse of market dominance.
In a statement the watchdog said Amazon had harmed competing operators in the e-commerce logistics service.
“Amazon holds a dominant position in the Italian market for intermediation services on marketplaces, which Amazon leveraged to favour the adoption of its own logistics service – Fulfilment by Amazon (FBA) – by sellers active on Amazon.it to the detriment of the logistics services offered by competing operators, as well as to strengthen its own dominant position,” it added.
The antitrust said it would impose on Amazon corrective steps that will be subject to review by a monitoring trustee.
Amazon had no immediate comment.
Follow us on:
Edo Governor Okpebholo has appointed Arise News’ Suleiman Aledeh as MD of Edo Broadcasting Service,…
The Philippine vice president Duterte has made a public threat to have the president assassinated,…
The Laos government has vowed to deliver justice following an alcohol poisoning incident that tragically…
Chadema party chairman Freeman Mbowe and other Tanzanian leaders have been detained for allegedly violating…
An Israeli airstrike in Beirut has killed four, injured over 20, and flattened an eight-storey…
Trump has nominated Wall Street financier Scott Bessent as Treasury Secretary, emphasising his expertise in…