Germany's antitrust authorities have launched an investigation into American Amazon, which carries out online trading, Reuters reports. The reason for the investigation was the numerous complaints from retailers about the working methods of the American company that came to the Federal Cartel Office of Germany. The head of department, Andreas Mundt, said investigators would examine Amazon’s requirements for retailers using its website to determine if the company was using its dominant market position. The agency notes that Amazon announced its full assistance to the investigation. Its representatives also noted that the company would continue to support small and medium-sized businesses.
On Friday, Axios Media Inc. reported a document acquired by tech watchdog group Tech Transparency Project which indicates that multiple U.S. states were investigating Apple (AAPL) due to deceptive trade practices. According to the report, ...
The Dollar traded lower earlier on Thursday in European markets after new hope of an economic recovery in Europe bolstered sentiment. The Dollar index fell by 0.1% to 954.808 at 3:10 AM ET (0710 GMT), gaining only slightly from the four-month ...
Indonesia on Tuesday imposed a 10% VAT on products by technology firms including Amazon, Netflix, Spotify, and Google as lockdowns forced a surge in spending patterns as well as remote working, which has hit state finances. The Southeast Asian ...
Lufthansa’s Chief Executive Officer Carsten Spohr announced on Sunday that the company would seek to avoid grounding and insolvency before a showdown between the airline’s biggest shareholder and the German government over the ...
German imports and exports took a huge hit in April, revealing a record plunge since 1990 after the COVID-19 pandemic severely disrupted demand and supply. The data on Tuesday added to the bleak outlook for the biggest economy in Europe. Many ...