German watchdog launches new investigation into Amazon: report

FRANKFURT (Reuters) - Germany's anti-trust authority has launched an investigation into Amazon and Apple over possible anticompetitive behaviour, German Frankfurter Allgemeine Zeitung daily reported. Amazon bans some third-party traders on its e-commerce platform from offering certain branded products, and Germany's Federal Cartel Office is investigating whether this complies with German law

Reuters October 29, 2020 00:06:42 IST
German watchdog launches new investigation into Amazon: report

German watchdog launches new investigation into Amazon report

FRANKFURT (Reuters) - Germany's anti-trust authority has launched an investigation into Amazon and Apple over possible anticompetitive behaviour, German Frankfurter Allgemeine Zeitung daily reported.

Amazon bans some third-party traders on its e-commerce platform from offering certain branded products, and Germany's Federal Cartel Office is investigating whether this complies with German law.

"For some brands all merchants with the exception of Amazon itself and the respective brand manufacturer are excluded," the paper quoted Cartel Office President Andreas Mundt as saying.

Amazon said that it is cooperating with the German authorities, adding it continuously invests to protect its store from illegitimate goods.

Apple and the Federal Cartel Office were not immediately available for comment.

The agreements could offer protection against product piracy. However, bans of third-party dealers must "comply with the principle of proportionality and must not lead to the elimination of competition," Mundt said.

The most prominent example is Amazon's cooperation with mobile phone maker Apple, which only Apple dealerships and Amazon can offer on the platform, he said.

The new probe into Amazon's treatment of third-party dealers comes after Germany's competition watchdog in August launched an investigation of whether and how Amazon influences traders' price-setting on its marketplace.

Germany is Amazon's second-biggest market after the United States. In Germany, third-party traders accounted for 65% of sales in March to May 2020.

Last year, Amazon reached a deal with the German authority to overhaul its terms of service for third-party merchants, prompting the office to drop a seven-month investigation.

(Reporting by Arno Schuetze; Editing by Cynthia Osterman)

This story has not been edited by Firstpost staff and is generated by auto-feed.

Updated Date:

TAGS:

Find latest and upcoming tech gadgets online on Tech2 Gadgets. Get technology news, gadgets reviews & ratings. Popular gadgets including laptop, tablet and mobile specifications, features, prices, comparison.

also read

Ericsson takes issue with Swedish ban on Huawei - FT
Business

Ericsson takes issue with Swedish ban on Huawei - FT

STOCKHOLM/LONDON (Reuters) - Sweden's decision to ban China's Huawei from its 5G networks restricts free competition and trade, the head of rival telecoms equipment supplier Ericsson told the Financial Times. Swedish telecoms regulator PTS this month halted 5G spectrum auctions after a court suspended parts of its decision that had excluded Huawei from 5G networks over national security risks. "I belong in that category that believes competition makes us longer term a better company

Oil gains 1% on potential OPEC+ rethink and vaccine hopes
Business

Oil gains 1% on potential OPEC+ rethink and vaccine hopes

By Devika Krishna Kumar NEW YORK (Reuters) - Oil prices firmed by about 1% on Wednesday on hopes OPEC and its allies will delay a planned increase in oil output and after Pfizer said its COVID-19 vaccine was more effective than previously reported. The market was also supported by a smaller-than-expected increase in U.S. crude stockpiles last week

Poland and Hungary dig in over EU budget stand off
Business

Poland and Hungary dig in over EU budget stand off

By Marton Dunai and Alan Charlish BUDAPEST/WARSAW (Reuters) - The prime ministers of Poland and Hungary accused European Union countries of blackmail on Wednesday, digging their heels in after vetoing the bloc's budget and post-COVID recovery package. The two countries on Monday blocked the EU's 2021-2027 budget and the recovery plan, worth a combined 1.85 trillion euros ($2.2 trillion), because access to the funds would be conditional upon respecting the rule of law