Italian court dumps antitrust fine against Apple and Amazon
The decision lets the companies off the hook for more than €200 million in fines
A newly released document shows that an Italian administrative court scrapped a fine imposed by the country's antitrust authority on US tech giants Apple and Amazon for alleged collusion.
The antitrust authorit... Read more
European Central Bank to launch a digital euro prototype
The European Central Bank, Amazon and four other companies are ready to develop a prototype of the digital euro.
The European Central Bank has selected five companies to assist in the testing of the future digital euro project. The conglomeration of banks -- including Nexi, Italy's EPI, France's... Read more
Amazon will have to do more to end antitrust inquiries, Vestager says
Although Amazon's plans to resolve two European Union antitrust inquiries "appear relevant" to relieve concerns, the bloc's antitrust commissioner believes they may have to be improved further.
The European Commission has begun to evaluate industry feedback on Amazon's proposal to address concer... Read more
Amazon’s proposal to end EU antitrust probe is ‘weak and vague’
Amazon wants to suspend some online selling and marketing methods to avoid potential EU antitrust fines, but a coalition of 11 non-governmental organizations (NGOs) called the proposal "weak, vague and full of loopholes".
The coalition includes LobbyControl, the Centre for Research on Multinatio... Read more
Amazon acquires Belgium’s Cloostermans to further develop robotics
Amazon announced the acquisition of Cloostermans. The Belgian company develops robotic systems for transporting heavy pallets and sorting products.
Cloostermans was founded in 1884. Automation has always been central to the business. The Belgian company produced textile machines during the seco... Read more
White House presents principles to reform big tech
The White House presented six principles for reforming big tech platforms, saying it was heartened by a bipartisan willingness in Congress to rein in US tech giants.
The six principles, dubbed 'Enhancing Competition and Tech Platform Accountability', were revealed on Thursday. The announcement f... Read more
FTC investigates Amazon’s acquisition of One Medical
Amazon wants to acquire One Medical for $3.9 billion, but the FTC is investigating the deal before agreeing to move forward.
Amazon recently announced the $3.9 billion acquisition of One Medical. The Federal Trade Commission (FTC) has requested Amazon for further data as they investigate the ac... Read more
Amazon to stop offering its Amazon Care healthcare services
The move is just a blip in the tech giant's general push into the US healthcare market.
Amazon will stop offering its Amazon Care primary health-care services at the end of this year, according to an internal memo published by GeekWire. The company made the decision after determining that it was... Read more
‘Amazon eyes acquisition of health platform Signify Health’
Amazon is interested in health technology company Signify Health, which is up for sale. This is what the Wall Street Journal reports, based on sources.
According to the business newspaper, Amazon is interested in bidding in the Signify auction, which is due to take place soon. Signify is current... Read more
Ireland could be getting more datacenters despite energy concerns
Controversy is brewing in Ireland as one development company challenges the prohibition of data center construction in the Dublin area. At the same time, Amazon was authorized to build two new sites near the city amidst rising concerns about data center energy consumption.
Back in June, th... Read more