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Amazon price rules anti-competitive: German regulator
Amazon price rules anti-competitive: German regulator
Economy
by  AFP

Amazon's pricing rules are an abuse of its market power, Germany's competition watchdog said Monday, paving the way for possible demands for changes to its business practices in Europe's biggest economy. Germany's cartel office began investigating Amazon's pricing rules in November 2022. vbw/sr/rl

EU hits food delivery company Delivery Hero with 329 mn-euro-fine
EU hits food delivery company Delivery Hero with 329 mn-euro-fine
Economy
by  AFP

The EU on Monday slapped German food delivery company Delivery Hero and its Spanish subsidiary Glovo with a fine worth 329 million euros ($376 million) after they violated antitrust rules. Delivery Hero will have to pay a fine worth 223 million euros, while Glovo must pay around 106 million euros, the commission said.

Stocks, dollar decline as Trump ups steel tariffs
Stocks, dollar decline as Trump ups steel tariffs
Economy
by  AFP

Stock markets and the dollar recoiled Monday after President Donald Trump announced he would double US tariffs on global steel and aluminium, and accused China of violating a deal to slash tit-for-tat levies. China on Monday said it "firmly rejects" US claims that it had violated a sweeping tariffs deal, as tensions between the two economic superpowers showed signs of ratcheting back up.