Business

Congress panel calls on Amazon chief Bezos to testify

A US congressional panel on Friday called on Amazon chief Jeff Bezos to testify about allegations the online giant used sensitive data from third-party sellers on its platform to develop competing products.

Business

Stolen goods on Amazon? Shoppers won't care, experts say

News of an alleged Amazon theft ring involving contract delivery drivers is unlikely to make a dent in the online shopping giant's massive business. But it may make people more wary of letting deliveries into their house ...

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

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 ...

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 ...

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