Amazon fined 1.13 bln euros by Italy for alleged abuse of market dominance
The Hindu
The antitrust said it would impose on Amazon corrective steps that will be subject to review by a monitoring trustee.
Italy's antitrust said on Thursday it had fined e-commerce giant Amazon 1.13 billion euros ($1.28 billion) for alleged abuse of market dominance.
In a statement the watchdog said Amazon had harmed competing operators in the e-commerce logistics service.
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Some of the estimated 20 billion yuan ($2.9 billion) worth of equipment, including screen-printing production lines, will require export approval from Chinese regulators, according to the people. It wasn't immediately clear how much of the equipment would require approval or how long it would take.












