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Ecommerce

European Union file antitrust charges against Amazon [Video]

Amazon faces a possible fine of up to 10% of its annual worldwide revenue, which could amount to billions of dollars. It rejects the accusations.

European Union regulators filed antitrust charges Tuesday against Amazon, accusing the e-commerce giant of using its access to data to gain an unfair advantage over merchants using its platform.

The EU's executive Commission, the bloc's top antitrust enforcer, issued the charges after it started looking into the company two years ago. Adding to Amazon's regulatory headaches, the EU also opened a second investigation into whether the company favors product offers and merchants that use its own logistics and delivery system.

It’s the latest effort by Executive Vice President Margrethe Vestager, the EU commissioner in charge of competition issues, to curb the power of big technology companies. She has slapped Google with antitrust fines totaling nearly $10 billion and opened twin antitrust investigations this summer into …

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Ecommerce

JOHN JOHN FLORENCE RELEASES TOKYO RISING [Video]

ASB MAGAZINE: Two-time world champion surferJohn John Florence, in partnership with Clif Bar, has released a new documentary film Tokyo Rising, through Amazon Prime Video.Tokyo Risingchronicles Florences 2019 professional surfing season and quest to earn a position on the inaugural Team USA Olympic surf team. With Kelly Slater on his heels, Florence is faced with a high-stakes decision five months after reconstructive surgery on his ACL. The battle for Olympic qualification comes down to the Pipe Masters on Oahus North Shore.

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Ecommerce

Reports of rising retail sales suggest Chinese consumers have shaken off coronavirus worry, but the recovery is by no means complete, and spending that has grabbed headlines masks a deeper malaise