Amazon fined £960 million by Italy’s competition authority

Italy’s competition authority has fined Amazon 1.13 billion euros (£960 million), accusing the company of exploiting its dominant position against independent sellers on its website in violation of European Union competition rules.

The fine is one of the largest leveraged in Europe against the online retail giant, which expanded in particular in Italy during a coronavirus lockdown that prevented residents from going to stores to buy items considered nonessential.