Print Magazine
Brussels Morning Newspaper
Friday, June 24, 2022
No Result
View All Result
  • Home
    • About Us
  • EU institutions
    • Commission
    • Parliament
    • Council
  • Europe
  • World
  • Economy
  • Culture and Society
  • In Depth
    • Ambassador’s Corner
    • The American Angle
    • Europe With Transparency
    • Sustainable Perspective
    • Place de la Bourse
    • The Macro-Economist
    • Southeast Europe
Brussels Morning Newspaper
  • Home
    • About Us
  • EU institutions
    • Commission
    • Parliament
    • Council
  • Europe
  • World
  • Economy
  • Culture and Society
  • In Depth
    • Ambassador’s Corner
    • The American Angle
    • Europe With Transparency
    • Sustainable Perspective
    • Place de la Bourse
    • The Macro-Economist
    • Southeast Europe
Brussels Morning Newspaper
No Result
View All Result
Home Economy

Italy fines Amazon €1.1bn in latest antitrust case

Ivan Fischer by Ivan Fischer
14 December 2021
in Economy
May,3,,2018,Sunnyvale,/,Ca,/,Usa,-,Amazon
Share on FacebookShare on Twitter

Brussels (Brussels Morning) Italy’s antitrust regulators fined US-based Amazon 1.1 billion euro today, having charged the company with illegally abusing its market dominance and attempting to eliminate competition.

The fine is the latest in a line of fines US big tech companies have received in the European Union, with member states previously handing out fines to Google, Facebook and Apple.

The Italian complaint argued that Amazon abused its dominant position in Italy by promoting its own logistics service, denying fair market share to third-party sellers who opted not to use the company’s “fulfilment service”.

“The abusive strategy adopted by Amazon is particularly serious, since it is likely to discourage, if not eliminate, competition in the relevant markets”, the 250-page report of the Italian antitrust watchdog concluded.

Just two weeks earlier, Italy’s antitrust authority fined both Amazon and Apple for infringing EU laws through their use of restrictions that disadvantaged sellers of Apple and Beats products. Amazon was fined 68.7 million euro in that case, while Apple faced a 134.5 million euro fine.

The latest fine was calculated as a percentage of the company’s worldwide revenue, counting since 2016 when Amazon’s revenues established it as a dominant online retailer in Italy. The agency went further to increase the fine by an additional 50%, taking into account the company’s global size and dominance.

“In view of the need to ensure the effective deterrence of the sanction, taking into account the fact that the Amazon Group had a global turnover in 2020 of more than 330 billion euros and Amazon’s absolute importance at a global level, it is considered appropriate to apply an increase of 50 percent of the amount of the fine”, the agency declared in its report.

Tags: Amazon Italy

Latest post

Flags,Of,Moldova,European,Union,And,Ukraine

Supporting Moldova means supporting stability in Ukraine

8 hours ago
Brussels,,Belgium.,7th,June,2018.,Press,Point,By,Eu,Commissioner

EC welcomes agreement on new health rules

13 hours ago

Most Read

  • These are the 10 highest paying jobs in the Europe in 2022

    These are the 10 highest paying jobs in the Europe in 2022

    0 shares
    Share 0 Tweet 0
  • What Are The Highest Paying Jobs In Luxembourg?

    0 shares
    Share 0 Tweet 0
  • Energy Recovery Fund

    0 shares
    Share 0 Tweet 0
  • From a European Status of the Artist towards a European Strategy for Culture

    0 shares
    Share 0 Tweet 0
  • Freedom of the Press?Greece in the Autocratic Vortex of the Mitsotakis Administration

    0 shares
    Share 0 Tweet 0
Facebook Twitter Youtube LinkedIn

About Us

Brussels Morning is a daily online newspaper based in Belgium. BM publishes unique and independent coverage on international and European affairs. With a Europe-wide perspective, BM covers policies and politics of the EU, significant Member State developments, and looks at the international agenda with a European perspective.

Category

  • Ambassador’s Corner
  • Belgium News
  • Brussels
  • Commission
  • Council
  • Culture and Society
  • Diplomacy
  • Economy
  • EU Institutions
  • Europe
  • Europe With Transparency
  • Features
  • In Depth
  • Member States
  • Middle East Eye
  • Opinion
  • Our pick
  • Parliament
  • Place de la Bourse
  • Southeast Europe
  • Sustainable Perspective
  • The American Angle
  • The Macro-Economist
  • Uncategorised
  • US Elections
  • World

More info

  • About Us
  • Advertising
  • Cookies Policy
  • Contact Us
  • FAQ
  • Jobs

Brussels Morning Newspaper - All Rights Reserved © 2020

No Result
View All Result
  • Home
  • About Us
  • EU Institutions
    • Parliament
    • Commission
    • Council
  • Europe
  • World
  • Member States
  • Economy
  • Culture and Society
  • In Depth
    • Ambassador’s Corner
    • Europe With Transparency
    • Place de la Bourse
    • The Macro-Economist
    • Sustainable Perspective
    • The American Angle
    • Southeast Europe
  • Print Magazine

Brussels Morning Newspaper - All Rights Reserved © 2020

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Cookie settingsACCEPT
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Non-necessary
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
SAVE & ACCEPT