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Amazon has imposed its biggest fine ever – rt business news

Italy’s competition regulator has fined US e-commerce giant Amazon € 1.13 billion ($ 1.28 billion) for abuse of a dominant market position, in connection with one of the most significant financial sanctions imposed on an American company in Europe.

According to the Autorita Garante della Concorrenza e del Mercato (AGCM), the Italian anti-monopoly watchdog, Amazon had adopted “harmful” practices and abusing its position in the country’s online retail logistics market.

“Amazon has a dominant position in the Italian marketplace intermediation services market, which Amazon has exploited to promote the adoption of its own logistics service”, the regulator said in a statement Thursday.

The AGCM said the company encourages sellers on to use its own service – Fulfillment by Amazon (FBA). The Italian watchdog has pledged to impose corrective measures which will be subject to review by a watchdog.

Amazon announced it ” not agree at all “ with the decision and undertook to appeal.

“The fine and the remedies proposed are unjustified and disproportionate”, an Amazon spokesperson, quoted by CNBC, said.

Big tech companies have come under close scrutiny by state authorities around the world following a series of accusations of user privacy and disinformation, and repeated complaints from small companies that they are abusing their power. Steps.

US tech majors Amazon, Alphabet’s Google, Apple, Facebook and Microsoft have attracted the attention of European regulators in recent years.

Amazon last month lost an offer in a European Union court to prevent the EU and Italy from parallel antitrust investigations launched over concerns about how the company treats merchants on its platform. form.

At the same time, Italy fined Amazon and Apple $ 230 million, accusing the companies of anti-competitive cooperation in sales on Amazon’s Italian platform.

In July, the Luxembourg Data Protection Commission fined the online retailer € 746 million for processing personal data in violation of the EU’s General Data Protection Regulation.

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