Egypt's Nile water committee reviews trilateral negotiations on Ethiopia's GERD    Germany's Merkel gives Britain 30 days to find last-minute Brexit solution    Egyptian police seize 100kg of methamphetamine, arrest 5 people    Egypt's Zohr gas field output rises to 2.7 bln cubic feet per day: Minister    Tottenham Hotspur plans to refinance stadium debt -source    Asian markets lower, traders look to central banks for guidance    Tennis: India expect 'positive' verdict on Davis Cup tie against Pakistan    Tennis: Wildcard Pera stuns third seed Strycova to move into Bronx quarters    FIFA appoint normalisation committee for Egypt's FA until elections    Media body secretary general arrested as part of judge bribery probe: Authority    Egypt drafting new law to impose tax on social media ads, online services    Death toll from Afghan wedding blast rises to 80: Officials    US says it's ready to resume nuclear talks with North Korea    Egypt's MSMEDA injects EGP 2.8 bln into micro, small enterprises in H1 2019    Egypt's Banque du Caire expects to sell minority stake by early 2020    Egypt arrests secretary general of top media body for alleged bribery: Source    Hong Kong leader hopes way out of chaos with dialogue, mutual respect    UK's PM Boris Johnson opening Brexit bid: rip out Irish border backstop    Iran's tanker heads to Greece; U.S. warns against helping vessel    Liverpool thankful to have Egyptian star Salah on his frontline: Klopp    Egypt's Baron Empain Palace to be reopen after renovation    Court sentences six to death, 41 to lifetime imprisonment violence related case    Trump says he would release Mideast peace plan after Israeli elections    What do you know about gold alloying?    NBE announces EGP 2.5m prizes for handball youth teams for their world achievements    ACWA Power compares 3 bids to supply production units for Luxor power station    Jennifer Lopez evokes Egyptian outrage post her North Coast performance    Cairo's historic Tahrir square to be renovated – PM    Al-Sisi honours Egypt's scholars on Science Day    IS claims responsibility for suicide bombing killing 63 in Afghan wedding    Political parties gear up for parliamentary, senate, local elections    Unprecedented Glory: Egypt win Men's U-19 World Handball Championship    12th National Egyptian Theatre Festival fuel up public theatre art scene    28th Citadel Festival for Music and Singing embraces attendees with international troupes    A simple diet change could help live longer, reduce cardiovascular risks by 16%    Serbian Micho to be Zamalek's new coach: Egypt's Mortada Mansour    Cairo University tops 2019 Shanghai Academic Ranking    3 sentenced to death for 2016 killing of 4 Egyptian policemen    Ministry of Environment has a plan for "black clouds season"    Too early to estimate Nile's flooding volume: Irrigation Ministry    Sudan's key opposition may nominate economist Abdalla Hamdok for prime minister    Egypt to launch Bike for Every Citizen initiative soon    Egypt's Zamalek equal club record with 7-0 hammering of Somalia's Dekedaha    LA Opera declines details on longtime general director's investigation    Sudan opposition to nominate economist Abdalla Hamdok for prime minister: Sources    Egypt produces ‘Fraud' documentary on Muslim Brotherhood history    Photo of Egyptologist Zahi Hawass to decorate NYC's Times Square to promote tourism to Egypt    T. Jefferson Parker tells latest tale in tight, vivid prose    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.





Amazon, German watchdog deal to overhaul marketplace terms
Published in Amwal Al Ghad on 17 - 07 - 2019

Amazon reached a deal with Germany's anti-trust authority to overhaul its terms of service for third-party merchants, taking action to appease regulators as pressure on the e-commerce giant grows in Europe and the United States.
The Federal Cartel Office said on Wednesday it was dropping a seven-month investigation after Amazon agreed to amend its Business Services Agreement that applies to merchants using its platform.
Neighboring Austria ended a similar probe as Amazon, yet a full-blown European Union antitrust probe still looms. Lawmakers in the United States meanwhile grilled an Amazon boss on Tuesday over how the company treats merchants.
The changes will apply not only to Germany, Amazon's No. 2 market after the United States, but also to its marketplaces in Britain, France, Italy and Spain , as well as its other worldwide sites in America and Asia, the German regulator said.
"We have achieved far-reaching improvements for retailers on Amazon's marketplaces," cartel office chief Andreas Mundt said in a statement. "We are dropping our investigation."
Responding, Amazon said the changes to its Business Solutions Agreement, to take effect in 30 days, would clarify the rights and responsibilities of selling partners that account for 58% of physical merchandise sales on its platform.
"We'll continue working hard, investing heavily, and inventing new tools and services to help our selling partners around the world reach new customers and grow their business," said Amazon.
Silicon Valley's tech giants have come under increasingly intense scrutiny, with Alphabet's (GOOGL.O) Google hit with billions of euros in fines for breaches of European Union competition rules. The EU executive may open a full anti-trust probe into Amazon within days, Bloomberg reported on Tuesday.
Germany's anti-trust regulator, while subordinate to Brussels in many regards, has also been active, ordering Facebook (FB.O) to change how it handles user data after finding the social network abused its market dominance.
Facebook has challenged that decision, in contrast to Amazon which came to a relatively quick understanding with the German regulator. No fines had been foreseen in the Amazon case.
At issue is the power of so-called platform companies that provide a venue for others, for example, to sell new or second-hand books.
In an inherent conflict of interest, that business has also long been a mainstay of Amazon, which was founded by Jeff Bezos in his garage in 1994 and has gone on to command a market valuation of nearly $1 trillion.
Third-party sellers had complained that Amazon's terms of service were stacked against them, a view backed by the cartel office which found that Amazon dealt with them in an opaque and arbitrary manner.
In Tuesday's hearing on Capitol Hill, lawmakers raised similar concerns, pressing Amazon counsel Nate Sutton over allegations it competed against its own sellers and pushed them to buy advertising and fulfillment services.
NEW TERMS
Among the changes in its new terms of service, Amazon will comply with European rules governing liability toward its business partners on its European platforms, whereas earlier it had faced no such liability.
It should now give 30 days notice, and a reason for, removing a merchant from its platform. Before, it could end its relationship with, or block, a seller without warning or explanation.
Merchants using its European marketplaces will be able, in certain circumstances, to take Amazon to court in their own country, whereas before this was only possible in Luxembourg – a deterrent for small-time traders.
They will also be able to appeal against decisions by Amazon regarding who should bear the costs of returns and refunds. Other changes cover product descriptions, ease of understanding Amazon's terms of services and fairer presentation of customer reviews, the cartel office said.
The changes will directly affect 300,000 merchants active on Amazon.de, the company's German site, of which an estimated 60%-65% are German. The site turned over 20 billion euros last year, making it by far the biggest of Amazon's European sites.
The German cartel office said it had consulted closely with the European Commission on its probe, as well as with regulators in Austria and Luxembourg that have also opened anti-trust cases against Amazon.
Source: Reuters


Clic here to read the story from its source.