Tag: Amazon

Amazon Fined 10 Million Euros By Italy For Alleged Unfair Commercial Practices

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Amazon Fined 10 Million Euros By Italy For Alleged Unfair Commercial Practices

Amazon was not immediately available for comment. Milan: Italy’s antitrust authority has fined two subsidiaries of Amazon 10 million euros ($10.70 million) for alleged unfair commercial practices, the regulator said on Wednesday. According to the watchdog, Amazon has “significantly restricted consumers freedom of choice” by automatically pre-setting the ‘Subscribe&Save’ option, for regular scheduled deliveries rather…

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World

The European Commission probe against Apple, Meta and Google for non-compliance with fair market provisions | Explained

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The European Commission probe against Apple, Meta and Google for non-compliance with fair market provisions | Explained

The story so far: In a comprehensive slew of measures to ensure “contestable and fair markets in the digital sector” in line with the provisions of the Digital Markets Act (DMA), the European Commission on March 25 initiated ‘non-compliance investigations’ against Apple, Meta and Google’s parent Alphabet. It will also investigate Amazon’s ranking practices on…

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Business

Amazon Loses Court Fight To Suspend European Union Tech Rules’ Ad Clause

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Amazon Loses Court Fight To Suspend European Union Tech Rules’ Ad Clause

Brussels, Belgium: Amazon on Wednesday lost its fight to suspend a requirement regarding its online advertising under EU tech rules after Europe’s top court backed EU regulators, saying EU interests outweigh the US online retailer’s material interests. Under the Digital Services Act (DSA) which kicked in last year, Amazon was designated as a very large…

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World

Europe’s Digital Markets Act is forcing tech giants to make changes. Here’s what that will look like

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Europe’s Digital Markets Act is forcing tech giants to make changes. Here’s what that will look like

Europeans scrolling their phones and computers this week will get new choices for default browsers and search engines, where to download iPhone apps and how their personal online data is used. They’re a part of changes required under the Digital Markets Act, a set of European Union regulations that six tech companies classed as “gatekeepers”…

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World

Bezos dethrones Musk to reclaim title of world’s richest man

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Bezos dethrones Musk to reclaim title of world’s richest man

File picture of Amazon founder Jeff Bezos, who is once again the world’s richest man | Photo Credit: AP Amazon founder Jeff Bezos took back his spot as the world’s richest man on Monday, dethroning Elon Musk on the Bloomberg Billionaires Index. Mr. Bezos’ net worth stands at $200 billion, according to the tracker, surpassing…

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World

Nokia Sues Amazon In India, US Over Video Patents

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Nokia Sues Amazon In India, US Over Video Patents

Nokia said the streaming market is estimated to reach $300 billion by 2027. Washington, United States: Finnish telecom giant Nokia said Tuesday it is suing Amazon in five global jurisdictions, including the United States and India, over patent infringements on video-related technologies.  Nokia said it is also suing HP, formerly known as Hewlett-Packard, in a…

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Nation

Amazon Launches Its 1st Pair Of Prototype Satellites For Internet Network

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Amazon Launches Its 1st Pair Of Prototype Satellites For Internet Network

Amazon’s first pair of prototype satellites for its planned Kuiper internet network. Washington: Amazon’s first pair of prototype satellites for its planned Kuiper internet network were launched to space on Friday from Florida, the company’s first step before it deploys thousands more in orbit to beam the internet globally. (Except for the headline, this story…

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World

This Chinese Shopping App Is Overtaking Amazon In Several Countries

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This Chinese Shopping App Is Overtaking Amazon In Several Countries

If you spend much time online you’ve probably seen one of Temu’s colourful ads – punctuated by its catchy tagline: “shopping like a billionaire”. Temu specialises in selling various everyday items, including clothing, toys and household goods, for extremely low prices. Shanghai-based company PDD Holdings launched the online marketplace late last year (initially in the…

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World

Amazon To Invest $3 Million In Nature-Based Projects In India

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Amazon To Invest Million In Nature-Based Projects In India

Amazon India has also committed to deploying 10,000 EVs in its delivery fleet by 2025. (File) New Delhi: E-commerce major Amazon on Monday said it will make an initial investment of $3 million in nature-based projects in India. The allocation is part of the company’s $15 million fund it has allocated for nature-based projects in…

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Business