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Amazon sued in US over allegations it inflates prices and overcharges sellers

The Federal Trade Commission and 17 state attorney generals have filed an antitrust lawsuit against Amazon, alleging the e-commerce giant uses its position in the marketplace to inflate prices on other platforms, overcharge sellers and stifles competition. The lawsuit, filed in US District Court for the Western District of Washington, is the result of a […]

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Amazon to axe another 9,000 jobs globally

Amazon has said it will cut another 9,000 jobs across its global business in “the next few weeks”. Andy Jassy, chief executive of the technology giant, told staff that the move will reduce jobs in its web services, advertising, PXT solutions division and its Twitch livestreaming arm. The cuts come on top of 18,000 job […]

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Amazon to make big business changes in EU settlement

Amazon has agreed to make major changes to its business practices to settle antitrust investigations that found the ecommerce giant gave itself an unfair advantage over rival merchants, European Union regulators said on Tuesday. Amazon promised to give products from rival sellers equal visibility in the “buy box”, a premium place on its website that […]

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