Audio By Carbonatix
The European Commission has charged Amazon with breaking competition rules, accusing it of abusing its dominant position in online retail.
It said the tech giant had used data on the third-party sellers that use its marketplace to gain an advantage.
It also launched a fresh investigation into the possible preferential treatment of sellers that use Amazon's logistics and delivery services.
Amazon rejected the charges, saying it offered consumers more not less choice.
#RT @BBCBusiness: Amazon: EU charges tech giant with breaking competition rules https://t.co/eMPHqIxKjh
— EmmbrookBusiness (@EmmbrookBusEco) November 10, 2020
In a statement, the EU's Competition Commissioner Margrethe Vestager said it was vital that platforms with "market power" such as Amazon did not "distort competition".
"Data on the activity of third party sellers should not be used to the benefit of Amazon when it acts as a competitor to these sellers," she added.
"With e-commerce booming, and Amazon being the leading e-commerce platform, a fair and undistorted access to consumers online is important for all sellers."
It has been investigating Amazon since July last year, following complaints from traders.
Amazon faces a potential fine as high as 10% of its global turnover if it is found guilty of breaching competition law - about £15bn ($19bn).
In a statement Amazon insisted that - far from being anti-competitive - its private-label products were good for customers and offered more choice.
"Amazon represents less than 1% of the global retail market, and there are larger retailers in every country in which we operate," it said.
"No company cares more about small businesses or has done more to support them over the past two decades than Amazon."
It also pointed out that there are more than 150,000 European businesses selling through its online marketplace.
Latest Stories
-
Ethiopia launches construction of largest airport in Africa
5 minutes -
Commercial banks begin Interest rate cuts following Ghana Reference Rate reduction
7 minutes -
Sogakope gets major tourism and transport boost with opening of Royal Shekinah City
12 minutes -
One killed, 37 injured in Suhum–Mankrong highway crash
21 minutes -
Five best young players at AFCON 2025
26 minutes -
The creatives we need: Disruptors and revolutionaries
35 minutes -
GoldBod formalisation yields $3.8bn in FX, far outweighs BoG losses – Report
36 minutes -
Bank of Ghana relieved of gold trading burden by GoldBod
44 minutes -
Agricultural Value Chains and Export Competitiveness: Transforming Ghana Beyond Cocoa
59 minutes -
First Atlantic Bank secures regulatory approval to operate in Liberia
1 hour -
Today’s Front pages: Monday, January 12, 2026
1 hour -
Presidential staffers effectively serve as deputy ministers; Mahama not running a lean gov’t – Miracles Aboagye
2 hours -
Show restraint after Ayawaso East MP’s death; succession talk premature – Walewale MP
2 hours -
Beyond Gold Trading: Study says GoldBod can reshape Ghana’s economic architecture
2 hours -
Cost of living has worsened under NDC after one year – Dennis Miracles Aboagye
2 hours
