Amazon Fined $1.28 Billion by Italy's Antitrust Regulators
Amazon has been fined 1.13 billion euros ($1.28 billion) by Italian antitrust regulators for abusing its market dominance.
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Amazon has been fined 1.13 billion euros ($1.28 billion) by Italian antitrust regulators for abusing its market dominance.
The Italian Competition Authority found that Amazon has abused its dominant position. The company said that it "strongly disagreed" with the decision and it would appeal.
The changes in policy were welcomed by the tourism industry, which is keen to open for business after a challenging time during the pandemic. Nonetheless, the sector is hoping that the government will lift compulsory quarantines for more destinations. "It is a cautious return to international travel. We would have liked to have seen more countries added to the green list," Stewart Wingate, the CEO of Gatwick Airport told CNBC's Steve Sedgwick on Monday. The green list represents the group of nations that tourists can visit without compulsory quarantine upon their return. For now, the list inc...