Business

Amazon strikes deal with EU to close anti-trust probes

Online retail giant Amazon has reached an agreement with the European Commission to close two inquiries into anti-competitive tactics, notably using third-party seller data to improve its own sales.

Business

Amazon says it prevented 4 billion bad listings in 2021

Amazon, which has been under increasing pressure to tackle counterfeit products, said in its second-annual report that it prevented 4 billion bad listings from making it onto its site and got rid of more than 3 million phony ...

Security

Germany closes Russian darknet marketplace Hydra

German police said Tuesday they have taken down Russian-language illegal darknet marketplace Hydra, the largest such network in the world, and seized bitcoins worth 23 million euros ($25 million).

Business

'Sold by Amazon' program ends following state investigation

Amazon will end its "Sold by Amazon" program after an investigation by Washington state's attorney general found it was anticompetitive and violated antitrust laws, according to court documents filed Wednesday.

Business

Italy fines Amazon $1.3B, alleging harm to outside sellers

Italy's anti-trust authority on Thursday fined Amazon 1.13 billion euros ($1.3 billion), accusing the company of exploiting its dominant position against independent sellers on its website in violation of European Union competition ...

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