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In a significant setback for the US retail behemoth, the European Commission on Tuesday accused Amazon of violating antitrust laws. The EU announced on Tuesday the preliminary findings of its investigation against the firm, which it had begun in July, and claimed to have informed Amazon of its findings.
The Federal Trade Commission and 17 states launched a broad antitrust case against Amazon on Tuesday, but its specifics are still unknown since so much of it is hidden from the public. We discuss the importance of this action, which was filed only two weeks after the start of a historic antitrust trial against Google, with David Dayen, author of Monopolized: Life in the Age of Corporate Power. After approximately 40 years of inactivity, there is “all this activity in the antitrust space,” according to Dayen, who claims that FTC Chair Lina Khan is leading the effort. The Biden administration has put in place a muscular team of antitrust enforcers, and Khan truly halted this alarming trend of the last 40 days.
Overall, Americans would do poorer as a result. James Czerniawski, an analyst with Americans for Prosperity, discusses why he thinks it would be detrimental to consumers.
An individual with knowledge of the situation stated on Tuesday that India has ordered Canada to withdraw 41 of its 62 diplomats currently stationed there, escalating tensions between the two nations over Canadian accusations that India may have been involved in the killing of a Sikh separatist leader in suburban Vancouver.
In a new lawsuit, the Federal Trade Commission claims that Amazon makes it too easy for children to make purchases in mobile applications without their parents’ permission. (Amazon’s founder and CEO, Jeffrey P. Bezos, is also the owner of The Washington Post.) The government’s Amazon lawsuit explained Amazon’s brand is built on helping shoppers get … Read more
The Federal Trade Commission and 17 states are suing Amazon, claiming the e-commerce giant is an illegal monopoly that abuses its power to hurt both sellers and buyers. Amazon has vowed to fight the massive anti-trust lawsuit in what will likely be the company’s biggest legal test to date.
Amazon is being sued by California, which claims that by limiting competition and engaging in actions that encourage sellers to retain higher pricing, the business has violated the state’s antitrust and unfair competition statutes.
The CBI apprehended four people on Sunday, including two women, in connection with the alleged kidnapping and murder of two Meitei students in Manipur in July. They were arrested in the mountainous district of Churachandpur.
The federal government is dealing with cyberattacks this week and a hacker group in India claims it has caused chaos in Ottawa — but Canada’s signals intelligence agency says the ‘nuisance’ attacks likely haven’t put private information at risk.
Buying cigarettes will become illegal for the next generation in New Zealand. The island nation becomes the first country to pass legislation on it.