Business

Amazon struck with record EU data privacy fine

Editorial Bureau July 30, 2021

Amazon.com Inc has been struck with a record $886.6 million (746 million euros) European Union fine for processing personal data in breach of the bloc’s GDPR rules, as privacy regulators take a more aggressive position on enforcement. The Luxembourg National Commission for Data Protection

Business

Walmart’s Flipkart, Amazon urge India’s top court to stop antitrust queries

Editorial Bureau July 29, 2021

NEW DELHI (INDIA) -Walmart-owned Flipkart and Amazon.com Inc have urged India’s Supreme Court to restrain the country’s antitrust body from pursuing sensitive business information in an e-commerce investigation, according to filings seen by a prominent organisation. The requests, in court documents which have not been made public, illustrate the level of

Business

India court dismissed Amazon, Walmart’s Flipkart bid to suspend antitrust probe

Editorial Bureau July 23, 2021

MUMBAI (INDIA) -An Indian court on Friday dismissed appeals by Amazon.com Inc and Walmart’s Flipkart that sought to suspend an antitrust investigation into their business practices, dealing a major setback to the US firms in a key market. The Competition Commission of India (CCI) last year ordered an inquiry after allegations from brick-and-mortar retailers that […]

Uncategorized

India watchdog alleges Amazon of concealing facts over deal for Future Group unit

Editorial Bureau July 22, 2021

NEW DELHI (INDIA) -India’s antitrust regulator has accused Amazon.com Inc of concealing facts and making false submissions when it sought approval for a 2019 investment in a Future Group unit, a letter to the US e-commerce giant seen by a prominent media organisation showed. The letter complicates Amazon’s bitter legal battle with Future Group over […]

Tech

Insurers not ready to take a chance of losing Bezos, 2021 Space Odyssey a significant risk

Editorial Bureau June 24, 2021

Amazon CEO Bezos, a lifelong space enthusiast, has been vying with Elon Musk and Richard Branson to become the first billionaire to fly beyond the earth’s atmosphere. however, Launching one of the richest individuals on earth into orbit has proved a leap too far for insurers, who are not ready to price the risk of […]

Reviews

German union urges Amazon workers to strike on ‘Prime Day’

Editorial Bureau June 21, 2021

BERLIN (GERMANY) – A German trade union urged workers at seven Amazon warehouses to go on strike on Monday for several days to coincide with the global Prime Day promotion. Verdi said it was organising the three-day strike as part of a long-running battle with the US tech giant in Germany over better pay and […]

Asia

Scrutanising tech firms, Antitrust probe against Amazon and Flipkart

Editorial Bureau June 15, 2021

NEW DELHI (INDIA) – As part of intensifying scrutiny of big-tech firms, India’s antitrust watchdog plans to restart a probe into allegations of anti-competitive behaviour at Amazon.com Inc and Walmart Inc’s Flipkart. The comments come as major US technology firms including Twitter Inc and Facebook Inc are at loggerheads with the government over issues

Europe

Broadcasting rights to Amazon TV, French television will stop showing soccer games

Editorial Bureau June 11, 2021

PARIS (FRANCE) – As a protest at a decision to award some broadcasting rights to Amazon, France’s Canal+ television group said on Friday it would stop showing top division French soccer games. The move by Canal+ plunges the French professional league (LFP) back into crisis just as it hoped to resolve problems after the withdrawal […]

Tech

Antitrust hearing witness list will have Amazon, Google executives

Editorial Bureau June 11, 2021

WASHINGTON (US) – A hearing on the congressional testimony by Sonos CEO Patrick Spence accusing Google and Amazon of using their dominance of search and online retail, respectively, to subsidise the smart speaker market and, potentially, dominate the market for other smart home devices has been scheduled before the Senate Judiciary Committee’s antitrust

Business

Half-yearly prescriptions starting at $6 offer from Amazon Pharmacy

Editorial Bureau June 8, 2021

Amazon.com Inc said on Tuesday it was now offering six-month prescriptions starting at $6 for medications of common health issues through its pharmacy. The company said prime members would get additional savings when paying without insurance. Customers can pay as low as $1 per month for select medications, including drugs to treat diabetes and blood […]